North America Contact Lenses Market - By Product Type, By Product, By Material, By Design, By Usage, By Distribution Channel Analysis, Growth Forecast, 2024 to 2032

North America Contact Lenses Market Size

The North America contact lenses market size was valued at USD 7.6 billion in 2023 and is estimated to grow at a CAGR of over 4% from 2024 to 2032. The North America snap-on lenses market is growing due to increased levels of awareness towards vision care and an increase in refractive disorders.
 

There is growth in the demand for new products such as daily lenses and even specialty lenses for Astigmatism and presbyopia. Growth in the sales of lenses is being expanded by a vast variety of enhancements in lens technology, including significant improvement in comfort features, improved UV filtering, and other attributes that are helping in wider acceptance of lenses. According to the Contact Lens Institute, the market has grown 7% in the year 2023.

E-commerce and online selling trends are also among the crucial factors driving the growth of the contact lens market in North America. Busy clients are bridging this gap by buying the lenses over the Internet at much lower prices than they would in stores. Also, using pictures of brands on social networks and various marketing strategies enables movement of products to a bigger market, especially the youth who have a great focus on ease and convenience while shopping. Such lenses were sold online 15% more in the past year according to the Vision Council.
 

The market of contact lenses has specific competitors to contend with in the form of LASIK eye surgery and regular glasses. There is a segment of the population who are willing to undergo LASIK eye surgery as it saves them from many inconveniences as well as solves the issue of poor vision for a long time.
 

Moreover, the ease of use and the stylish ranges offered in eyeglasses can make people avoid wearing contact lenses. The number of LASIK procedures conducted in the US alone exceeds 700,000 per annum, according to reports from AOA. As such, industries producing contact lenses for consumers have had to constantly expand and engage more of their valuable time in up-to-date marketing strategies to keep current clients and entice new ones.
 

North America Contact Lenses Market Trends

• The contact lenses market in North America has witnessed some significant trends of recent. The daily disposable lenses are one of the biggest hits since they offer convenience and hygiene.
   
• The Contact Lens Institute states that disposable lenses have grown by over 40% in the global market. There is a selective convergence of consumers towards products which offer particular technology such as the retention of moisture in the lens or the application of blue light blocking materials.
   
• In addition to this, there is also a growing need for biodegradable lenses as factors such as eco-friendliness have become a concern. The boosting of telehealth services has also made the form of consultation easier, therefore making the process of buying contact lenses quicker.
   

North America Contact Lenses Market Analysis

The market is divided on the basis of the type of product into hybrid contact lens, soft contact, and rigid gas permeable. The gas permeable lenses continued leading the market post-2023, generating revenue of over USD 6.7 billion with a CAGR of 4.1%, proving to be more appealing in long term than the soft lenses.
 

• This has stemmed from increased comfort and usability in conjunction with the RGP Lenses. The rising concern for overall eye health coupled with the benefits that crude oil-based lenses provided for keratoconus and astigmatism also aided the growth of the contact lens market.
   
• RGP Lenses have achieved a growth rate of 15% per year as indicated by the Contact Lens Manufacturers Association. Shift in preference to customized lenses is further facilitating adoption of RGP lenses in the wider consumer base.
   

The North America contact lenses market is further segmented by design into spherical, toric, multifocal, and others (monovision). The Spherical lenses were the most popular, selling over $4.7 billion with a growth rate of 4.2%.
 

• These lenses are continuously growing in demand primarily due to their wide market availability with the growing abundance of devices worldwide. Spherical lenses have been proven effective against nearsightedness and farsightedness, which in return have gained wide popularity globally.
   
• As reported, 25% and 42% of the US populace suffers from nearsightedness and farsightedness, respectively, making it a profitable venture.
   
• Furthermore, growth is aided by the increased focus on eye care and the growing prevalence of refractive vision problems. Importantly, advances in the materials and designs of lenses made them more comfortable and clearer, making them more appealing to people who have never worn lenses or who used to wear glasses.
   
• The availability of daily disposable options also adds to the attractiveness of such devices, thereby increasing the volume of sales.
   

U.S. consistently emerged the contact lenses market with extensive estimates worth 6.5 billion dollars which is anticipated to rise up to 9.2 billion by the year 2032.
 

• The industry is expected to cater to the large rise in patients suffering from myopia and presbyopia who are looking for corrective solutions. Along with that, there is a consistent demand for daily lenses as they are both hygienic and convenient.
   
• The industry is also catering to consumers by improving and designing materials that are more breathable and comfortable. Following the statistics from the American Optometric Association, the myopia levels in the United States are expected to surpass a worrying rate of 50% by 2050.
   
• Along with that, the growth of the online sales channels has significantly increased the accessibility of contact lenses to the people.
   

North America Contact Lenses Market Share

The competition in the market is strong, Alcon (Novartis), Johnson & Johnson Vision Care, Inc., Hoya Corporation, Bausch + Lomb, The Cooper Companies, Inc. (CooperVision) are the leading companies that make up for 25%-30% of the market. In order to keep up with the growing demand from the customers, the manufacturers are strategically entering joint ventures or acquiring new businesses, services, or markets.
 

North America Contact Lenses Market Companies

Major players operating in the North America contact lenses industry include:

• Acuvue Oasys
• Alcon (Novartis)
• Bausch + Lomb
• BenQ Materials Corporation
• Carl Zeiss AG
• EssilorLuxottica.
• EyeNetra
• Hoya Corporation
• Johnson & Johnson Vision Care, Inc.
• Menicon Co., Ltd.
• Optimum Comfort
• SynergEyes, Inc.
• The Cooper Companies, Inc. (CooperVision)
• Toric Contact Lenses, Inc.
• Vision Path, Inc.
   

North America Contact Lenses Industry News

• In 2023, there was a remarkable acquisition of Bausch + Lomb as they oversaw an expansion for their Rochester based New York facility valued at roughly USD 200 million. Such a shift anticipated the growth in production for stretchy silicon hydrogel contact lenses that are easy to use which has been on the rise in North America for quite some time. Moreover, the firm also put forth an enhanced monthly disposable Ultra ONE Day contact lens within the states along with a new technology called the Advanced MoistureSeal. In Canada, the Contact Lens Manufacturers Association claims that all over the world, the lens market has been growing at an average annual rate of 5% which recently has started seeing an increase in patients that require lenses that are to be disposed of on a daily basis.
   

The North America contact lenses market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

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Market, By Product Type

• Rigid gas permeable
• Soft contact
• Hybrid contact

Market, By Product

• Corrective
• Therapeutic lenses
• Cosmetic lenses
  • Colored
  • Circle
• Prosthetic lenses

Market, By Material

• Hydrogel
  • HEMA hydrogel
  • Silicone hydrogel
• Polymers
  • Polyvinyl alcohol
  • Rigid gas permeable

Market, By Design

• Spherical
• Toric
• Multifocal
• Others (Monovision)

Market, By Usage

• Daily disposable
• Weekly disposable
• Monthly disposable
• Annual

Market, By Distribution Channel

• Online
  • E commerce
  • Company websites
• Offline
  • Optical stores
  • Eye care clinics

The above information is provided for the following countries:

• U.S.
• Canada