The global colored contact lenses market will be driven by the growing trend of colored contact lenses over eyeglasses during the forecast period of 2022-2027

Expert Market Research’s new report titled ‘Global Colored Contact Lenses Market Report and Forecast 2022-2027’, gives an in-depth analysis of the global market colored contact lenses market, assessing the market based on its segments such as product types, materials, distribution channels and major regions. The report tracks the latest industry trends and studies their impact on the overall market. It also assesses market dynamics, covering key demand and price indicators, as well as market analysis based on SWOT and Porter’s Five Forces models.

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Key highlights of the report include:

Market Overview (2017-2027)

• Forecast CAGR (2022-2027): 8.9%

The major factor that is expected to propel the growth of the global colored contact lenses market over the forecast period is the increasing number of cases of eye disorders. The increasing modernization of colored contact lens production during the historical period has increased the use of several resources to produce colored contact lenses which serve many purposes. Hyperopia, astigmatism, presbyopia and glaucoma are some of the conditions that can be treated with contact lenses. Furthermore, the growing trend of colored contact lenses over eyeglasses and the rise in the need for better facial aesthetics among young people and the entertainment industry is further expected to propel the growth of the colored contact lenses market.

Industry definition and major segments

To treat nearsightedness, farsightedness or astigmatism, colored contact lenses are available with or without lens power. The best colored contacts make it easy to change eye color using different contact lenses, depending on their preferences.

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By Product Type, the market is segmented into:

• Soft contact lenses
• RGB lenses
• Hybrid lenses

Based on Hardware, the market is split into:

• Polymer
• Hydro gel

The different distribution channels on the market are:

• Optical shops
• Online stores
• Others

On the basis of region, the market is segmented into:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

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Market trends

The growing influence of social media and increase in the number of players offering economic value to these products will further offer potential opportunities for the growth of the global colored contact lenses market in the coming years. Along with this, the increasing adoption of branded cosmetic contact lenses is further estimated to propel the growth of the colored contact lenses market. Majority of the youthful population across the globe are inclined to use colored contact lenses instead of eyeglasses to enhance their facial aesthetics which is also enhancing the growth of the market. The growing use of the product in the makeup industry has also contributed significantly to the growth of the market.

Main market players

Major market players include Johnson and Johnson Services Inc., Bausch & Lomb Pvt Ltd., Alcon Inc., Qualimed SRL, and CooperVision Limited, among others. The report covers market shares, capacities, plant rotations, expansions, investments, and mergers and acquisitions, among other latest developments of these market players.

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