North America Contact Lenses Market Analysis

North America Contact Lenses Market Analysis

The contact lenses market faces stiff competition from alternative vision correction methods, notably LASIK and traditional eyeglasses. Many consumers are drawn to surgical procedures like LASIK, valuing their long-term benefits and convenience, and often viewing them as a definitive solution to vision issues. Furthermore, the user-friendliness and diverse style options of eyeglasses can divert customers from choosing contact lenses.

According to the American Optometric Association, over 700,000 LASIK procedures are performed annually in the United States, highlighting the growing preference for surgical solutions. As a result, contact lens manufacturers are compelled to engage in ongoing innovation and robust marketing efforts to both retain existing customers and attract new ones seeking vision correction solutions.

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Based on product type, the north America 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 a revenue exceeding USD 6.7 billion with a CAGR of 4.1%. 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. The rising trend of personalized vision correction is further propelling RGP lens adoption among consumers.
 

Based on design, the north America 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 4.7 billion with a CAGR of 4.2%. The market for spherical designed contact lenses is expanding, primarily due to their effectiveness in correcting myopia and hyperopia. This has made them the preferred choice for millions of consumers.
 

According to the American Optometric Association, approximately 42% of the U.S. population is affected by myopia, and 25% by hyperopia, highlighting the significant demand. Increased awareness of vision care and the rising prevalence of refractive errors are driving this growth. Additionally, advancements in lens materials and designs have improved comfort and clarity, attracting both new users and those switching from glasses. The convenience of daily disposable options further boosts their appeal, contributing to market growth.
 

U.S. emerged as the dominant region, generating a substantial revenue of USD 6.5 billion, and is expected to reach USD 9.2 billion by 2032. The U.S. contact lenses market is witnessing significant growth due to rising rates of myopia and presbyopia, leading to increased demand for corrective solutions. The preference for daily disposable lenses, known for their convenience and hygiene, further drives this demand. Technological advancements, such as new materials that improve comfort and breathability, are also attracting more consumers. According to the American Optometric Association, the prevalence of myopia in the U.S. is expected to reach 50% by 2050.