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North America Contact Lenses Market Size
- Report ID: GMI12089
- Published Date: Nov 2024
- Report Format: PDF
North America Contact Lenses Market Size
The North America contact lenses market 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 market is witnessing robust growth due to increased awareness of vision health and a rise in refractive errors. The demand for innovative products, such as daily disposables and specialty lenses for astigmatism and presbyopia, is driving market expansion. Technological advancements in lenses, including improved comfort and UV protection, are also attracting more consumers, leading to higher adoption rates. According to the Contact Lens Institute, the market grew by 7% in 2023.
| Report Attribute | Details |
|---|---|
| Base Year: | 2023 |
| North America Contact Lenses Market Size in 2023: | USD 7.6 Billion |
| Forecast Period: | 2024 - 2032 |
| Forecast Period 2024 - 2032 CAGR: | 4% |
| 2032 Value Projection: | USD 10.8 Billion |
| Historical Data for: | 2021 - 2023 |
| No. of Pages: | 210 |
| Tables, Charts & Figures: | 49 |
| Segments covered: | Product Type, Product, Material, Design, Usage, Distribution Channel, Country |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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The rise of e-commerce and online sales platforms is another critical growth factor in the market. Consumers prefer the convenience of purchasing lenses online, often at competitive prices. Additionally, social media and digital marketing campaigns are helping brands reach a broader audience, particularly among younger consumers who prioritize accessibility and convenience in their shopping experiences. The Vision Council reported that online sales of contact lenses increased by 15% in the past year.
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North America Contact Lenses Market Scope
