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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.
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.
How big is the Europe contact lenses market?
The Europe contact lenses industry 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, driven by increasing consumer preference for contact lenses over traditional eyewear.
Why are rigid gas permeable lenses dominating the market?
Rigid gas permeable lenses dominated the market in 2023, generating revenue exceeding USD 4.9 billion with a CAGR of 3.4%, due to their superior oxygen permeability and durability compared to soft lenses.
How much is the U.K. contact lens market worth?
The U.K. contact lens market generated substantial revenue of USD 1.4 billion in 2023 and is expected to reach USD 2 billion by 2032, driven by a rise in vision disorders, particularly myopia, due to increased screen time and digital device usage.
Who are some of the prominent players in the Europe contact lenses market?
Major players in the Europe contact lenses industry include Alcon (Novartis), Avizor, Bausch + Lomb, BenQ Materials Corporation, Carl Zeiss, Clearlab International, EssilorLuxottica, Hoya Corporation, Johnson & Johnson Vision Care, and Mark