By Material Type (Soft Contact Lenses (Silicone Hydrogel, Hydrogel), Hard Contact Lenses (Rigid Gas-Permeable Lenses (RGP), Polymethyl Methacrylate (PMMA), Hybrid Contact Lenses)), By Design (Spherica... ... By Design (Spherical, Toric, Multifocal, Others (Monovision, Color lenses, etc.)), By Usability (Reusable, Disposable), By Application (Cosmetics, Corrective, Others (Prosthetic, Orthokeratology, etc.)) By Sales Channel (Offline (Optical Stores, Hospital & Clinics, Others (Pharmacies, Beauty Centres, etc.)), Online (Company-owned Portals, E-commerce Platforms), By Region (North-East, Mid-West, West, South), By Company (Alcon Laboratories Inc., Bausch + Lomb, Carl Zeiss AG, CIBA Vision, Contamac US Inc., CooperVision, Essilor of America, Inc., Hydrogel Vision Corp., Johnson & Johnson, Microport Scientific Corporation, Others) Read more
- FMCG
- May 2023
- 89
- PDF, Excel, PPT
Market Definition
Contact lenses are small, curved lenses that are worn over the eye. These are generally made to correct refractive flaws and keep eyes healthy, but they are also used in prosthetics, cosmetics, and other fields. Additionally, despite being inherently clear, these are frequently given a tiny bit of color to make them easier for users to handle. These are made of materials that are easily fixed with water in the eye, such as silicone hydrogel and hydrogel.
Market Insights & Analysis: The US Contact Lenses Market (2023-28)
The US Contact Lenses Market is projected to grow at a CAGR of around 5.3% during the forecast period, i.e., 2023-28. Most of the market expansion attributes to the rapidly growing focus on the optics and optometry field development in the historical period. The demand for contact lenses in USA is increasing as the number of persons with visual impairments rises. For those with visual impairments, contact lenses ensure accurate visualization. The market for contact lenses in United States of America is expanding as a result of factors including the rising demand for these precise and practical lenses, individual's interest in sports, and lenses that provide excellent visual clarity for wearers.
| Report Coverage | Details |
|---|---|
| Study Period | Historical Data: 2018-21 |
| Base Year: 2022 | |
| Forecast Period: 2023-28 | |
| CAGR (2023-2028) | 5.3% |
| Region Covered | North East, Mid-West, West, South |
| Key Companies Profiled | Alcon Laboratories Inc., Bausch + Lomb, Carl Zeiss AG, CIBA Vision, Contamac US Inc., CooperVision, Essilor of America, Inc., Hydrogel Vision Corp., Johnson & Johnson, Microport Scientific Corporation, Others |
| Unit Denominations | USD Million/Billion |
Moreover, numerous businesses in the US draw customers to the contact lens market. The US government supports R&D facilities to increase innovation in the contact lens market. Besides, with notable young and middle-aged US consumers alongside more than 30000 optometrists in active practice, the market is likely to accelerate in the coming years. Further, the United States market is booming due to rising consumer awareness of various contact lenses, alongside the rising adoption of contact lens technology advancements.
- Market Segmentation
- Introduction
- Research Process
- Assumption
- Market Definition
- Executive Summary
- Impact of COVID-19 on the US Contact Lenses Market
- The US Contact Lenses Market Trends & Insights
- The US Contact Lenses Market Dynamics
- Growth Drivers
- Challenges
- The US Contact Lenses Market Policies, Regulations & Product Standards
- The US Contact Lenses Market Hotspot & Opportunities
- The US Contact Lenses Market Import-Export Statistics, 2018-22
- The US Contact Lenses Market Value Chain Analysis
- The US Contact Lenses Market Consumer Behavior Analysis
- By Age Group
- By Income Group
- By Usability Preference
- By Buying Channel
- The US Contact Lenses Market Outlook, 2018-2028
- Market Size & Analysis
- By Revenue (USD Million)
- Market Share & Analysis
- By Material Type
- Soft Contact Lenses
- Silicone Hydrogel
- Hydrogel
- Hard Contact Lenses
- Rigid Gas-Permeable Lenses (RGP)
- Polymethyl Methacrylate (PMMA)
- Hybrid Contact Lenses
- Soft Contact Lenses
- By Design
- Spherical
- Toric
- Multifocal
- Others (Monovision, Color lenses, etc.)
- By Usability
- Reusable
- Disposable
- By Application
- Cosmetics
- Corrective
- Others (Prosthetic, Orthokeratology, etc.)
- By Sales Channel
- Offline
- Optical Stores
- Hospital & Clinics
- Others (Pharmacies, Beauty Centers, etc.)
- Online
- Company-owned Portals
- E-commerce Platforms
- Offline
- By Region
- North East
- Mid-West
- West
- South
- By Company
- Competition Characteristics
- Revenue Shares
- By Material Type
- Market Size & Analysis
- The US Contact Lenses Market Key Strategic Imperatives for Success & Growth
- Competition Outlook
- Competition Matrix
- Product Portfolio
- Target Markets
- Research & Development
- Strategic Alliances
- Strategic Initiatives
- Company Profiles of top companies (Business Description, Product Segments, Business Segments, Financials, Strategic Alliances/ Partnerships, Future Plans)
- Alcon Laboratories Inc.
- Bausch + Lomb
- Carl Zeiss AG
- CIBA Vision
- Contamac US Inc.
- CooperVision
- Essilor of America, Inc.
- Hydrogel Vision Corp.
- Johnson & Johnson
- Microport Scientific Corporation
- Others
- Competition Matrix
- Disclaimer
MarkNtel Advisors follows a robust and iterative research methodology designed to ensure maximum accuracy and minimize deviation in market estimates and forecasts. Our approach combines both bottom-up and top-down techniques to effectively segment and quantify various aspects of the market. A consistent feature across all our research reports is data triangulation, which examines the market from three distinct perspectives to validate findings. Key components of our research process include:
1. Scope & Research Design At the outset, MarkNtel Advisors define the research objectives and formulate pertinent questions. This phase involves determining the type of research—qualitative or quantitative—and designing a methodology that outlines data collection methods, target demographics, and analytical tools. They also establish timelines and budgets to ensure the research aligns with client goals.
2. Sample Selection and Data Collection In this stage, the firm identifies the target audience and determines the appropriate sample size to ensure representativeness. They employ various sampling methods, such as random or stratified sampling, based on the research objectives. Data collection is carried out using tools like surveys, interviews, and observations, ensuring the gathered data is reliable and relevant.
3. Data Analysis and Validation Once data is collected, MarkNtel Advisors undertake a rigorous analysis process. This includes cleaning the data to remove inconsistencies, employing statistical software for quantitative analysis, and thematic analysis for qualitative data. Validation steps are taken to ensure the accuracy and reliability of the findings, minimizing biases and errors.
4. Data Forecast and FinalizationThe final phase involves forecasting future market trends based on the analyzed data. MarkNtel Advisors utilize predictive modeling and time series analysis to anticipate market behaviors. The insights are then compiled into comprehensive reports, featuring visual aids like charts and graphs, and include strategic recommendations to inform client decision-making