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Europe Contact Lenses Market Size
The Europe contact lenses market was valued at USD 5.5 billion in 2023 and is estimated to grow at a CAGR of over 3.4% from 2024 to 2032. Consumers are increasingly choosing contact lenses over traditional eyewear due to aesthetic preferences and comfort.
Innovations like silicone hydrogel lenses and daily disposables have improved the safety and comfort of contact lenses, driving their adoption. According to the European Contact Lens Society, the use of daily disposable lenses has grown by 15% annually.
Europe Contact Lenses Market Report Attributes
| Report Attribute |
Details |
| Base Year: | 2023 |
|---|
| Europe Contact Lenses Market Size in 2023: | USD 5.5 Billion |
|---|
| Forecast Period: | 2024 – 2032 |
|---|
| Forecast Period 2024 – 2032 CAGR: | 3.4% |
|---|
| 2024 – 2032 Value Projection: | USD 7.4 Billion |
|---|
| Historical Data for: | 2021-2023 |
|---|
| No. of Pages: | 210 |
|---|
| Tables, Charts & Figures: | 49 |
| Segments covered: | Product, Type, Material, Design, Usage, Distribution Channel, Country |
|---|
| Growth Drivers: | - Rising Myopia Rates
- increased awareness of vision health
- Technological advancements in lenses
- rise of e-commerce and online sales platforms
|
|---|
| Pitfalls & Challenges: | - Stringent regulatory requirements
- Competition from eyeglasses
|
|---|
Additionally, the aging population and increased screen time are leading to more vision problems, boosting demand for corrective solutions such as multifocal and toric lenses. The expanding retail presence and e-commerce platforms have made contact lenses more accessible across Europe, meeting the needs of a tech-savvy consumer base that values convenience in purchasing. The European Association of Optometry reports a 20% increase in online contact lens sales over the past year.
