United States Contact Lens Market to Grow with a Double Digit CAGR until 2026
Increasing vision aesthetics is driving the growth of United States Contact Lens Market, in the forecast period.
According to TechSci report on, “United States Contact Lens Market By Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical, Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Online) By Region, Competition Forecast & Opportunities, 2026”,United States contact lens market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026. United States contact lens market owes its growth to the factors like surge in the demand of the contact lens to overcome visual deficiencies like myopia hypermetropia/hyperopia, presbyopia, and astigmatism. The country is highly affected of the rising number of the population suffering from visual inaccuracies. Also, population with weak eyesight, and their demand of participating in the outdoor activities is anticipated driver of the growth of United States contact lens market in the upcoming five years. Moreover, the country supports a world-class healthcare facility, thus government financial aid as well as the ever growing research and development of the technologically advanced medical devices is driving the growth of the market in the next five days. Advancing laser treatments and eyesight corrections may put a minor restraint on the market, although the procedures are expensive.
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The United States contact lens market is segmented on the basis of material type, design, wear type, application, distribution channel, regional distribution, and competitional landscape. Based on design, the market is further bifurcated into spherical, toric, multifocal, and others. The multifocal lens is anticipated to hold the fastest growing revenue shares of the market and assert its dominance over the segment growth of the market in the upcoming five years. The market growth can be attributed to the ability of lenses to incorporate multiple prescriptions. The multifocal lens is mostly used for the visionary corrections for the geriatric population since they are more susceptible to the diseases like presbyopia. Spherical lens are expected to hold the largest shares of the market and lead the market segment of design due to the surge in the demand of the lens by the myopic and astigmatism suffering patients.
Based on application, the market is further bifurcated into corrective, therapeutic, cosmetic, and others. Corrective lens is the maximum application in the market, and it is anticipated to dominate the market segment in the upcoming five years on the backbone of increasing number of eye related disorders that amounts to the visionary degradation. Therapeutic applications also amounted for significant amounts of shares of the market as the lens are utilized to deliver therapeutic drugs to the cornea. The enhancing trend of the aesthetics for the eye lens is expected to support the growth of the cosmetic applications of the lens in the next five years.
A partial list of market player in the United States contact lens market includes, CooperVision, Inc., Bausch Health Companies, Inc., Alcon, Inc., Johnson & Johnson, Carl Zeiss Inc., EssilorLuxottica USA, Menicon America, Inc., SynergEyes, Inc., X-Cel Specialty Contacts, STAAR Surgical Company, among others. These market players hold larger shares of the market than the new market players.
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“The United States is the most penetrated market in the North American region. Due to the presence of the high number of the market players in the country the market players are highly competitive as well as are consistently involved in the research and development of the technologically advanced medical device production. Moreover, the increasing demand of the contact lens from the media and entertainment is not only surging the demand but also influencing the general consumers to adopt the product,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Contact Lens Market By Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others) By Design (Spherical, Toric, Multifocal, Others) By Wear Type (Disposable v/s Reusable) By Application (Corrective, Therapeutic, Cosmetic, Others) By Distribution Channel (Retail Stores, Hospitals & Clinics, Online) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of United States contact lens market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in United States contact lens market .
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