Europe Contact Lenses Market Analysis

Europe Contact Lenses Market Analysis

Based on product, the Europe contact lenses market is segmented into rigid gas permeable, soft contact and hybrid contact. The rigid gas permeable lenses dominated the market in 2023, generating revenue exceeding USD 4.9 billion with a CAGR of 3.4%. This dominance can be attributed to the superior oxygen permeability and durability over soft lenses.
 

Heightened awareness of eye health, coupled with the advantages of RGP lenses for astigmatism and keratoconus, is boosting demand. Furthermore, innovations in lens design and materials are improving comfort and wearability, elevating the appeal of RGP lenses. According to the Contact Lens Manufacturers Association, the market for RGP lenses has seen a 15% annual growth rate.
 

Based on design, the Europe contact lenses market is classified into spherical, toric, multifocal and others (monovision). The spherical contact lenses dominated the market in 2023, with revenue exceeding USD 3.4 billion with a CAGR of 3.5%. The expanding market for spherical designed contact lenses is attributed to their efficacy in correcting myopia and hyperopia, making them the top choice for millions.
 

The European Society of Ophthalmology states that approximately 30% of the European population is affected by myopia, and 20% by hyperopia. This development is fueled by heightened awareness of vision care and a surge in refractive errors. Moreover, innovations in lens materials and designs have enhanced comfort and clarity, drawing in new users and those transitioning from glasses.
 

U.K. emerged as the dominant region, generating a substantial revenue of USD 1.4 billion, and is expected to reach USD 2 billion by 2032. The contact lens market in the U.K. is expanding, driven by a rise in vision disorders, particularly myopia, due to increased screen time and digital device usage. According to the British Contact Lens Association, myopia affects approximately 30% of the U.K. population. Technological advancements in lenses, such as silicone hydrogel and daily disposables, enhance comfort and safety, making them more appealing to consumers.
 

On the other hand, the market of Germany witnessed revenue of USD 1 billion with an estimated CAGR value of 3.6% for the forecast period of 2024-2032. The increasing prevalence of vision issues, including myopia, hyperopia, and astigmatism, is driving the demand for effective vision correction solutions.