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Europe Contact Lenses Market Trends

Report ID: GMI12179
Published Date: Nov 2024
Report Format: PDF

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Europe Contact Lenses Market Trends

In Europe, the market faces intense competition from the eyeglasses segment, especially with high-end fashion brands entering the eyewear business. Eyeglasses have evolved into a fashion statement, appealing to both younger and older consumers. According to the European Eyewear Association, the demand for fashion-forward eyeglasses increased by 15% last year. Collaborations between eyewear brands and designers, resulting in limited edition releases, have further fueled this demand. The convenience and non-invasive nature of eyeglasses also broaden their appeal. Consequently, the contact lens market feels the pressure to innovate in response.

In Europe, the contact lens market faces intense competition from the eyeglasses segment, especially with high-end fashion brands entering the eyewear market. Eyeglasses have evolved into a fashion statement, appealing to both younger and older consumers. According to the European Eyewear Association, the demand for fashion-forward eyeglasses increased by 15% over the past year. Collaborations between eyewear brands and designers, resulting in limited edition releases, have further fueled this demand. The convenience and non-invasive nature of eyeglasses also broaden their appeal.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

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.

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.

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.

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’ennovy Personalized Care.