Market Insights Report
The global Contact Lenses market experienced notable revenue growth in 2023, reaching $18.3 billion, driven by consumer trends and technological advancements. Demographic factors, including aging populations and increased screen time among younger users, are key contributors to this expansion. This report from the series of Consumer Market Insights reports gives an overview of the Contact Lenses market from an international perspective. Key players like Acuvue and Biofinity dominate with innovative products catering to diverse consumer needs. The U.S. market led with $5.76 billion in revenue.
What's included?
The Contact Lenses market is witnessing significant growth globally, driven by demographic changes and evolving consumer behaviors. In 2023, the market generated a revenue of $18.3 billion, with per capita revenue reaching $2.38. This growth is fueled by the increasing need for vision correction among aging populations and the rising impact of screen time on younger demographics. Key players, such as Acuvue and Air Optix, lead the market with innovative and reliable products. The United States emerged as a major contributor, generating $5.76 billion in revenue. This report from the series of Consumer Market Insights reports gives an overview of the Contact Lenses market from an international perspective. With a projected CAGR of 3.81% from 2024 to 2029, the market is expected to see steady growth, both in revenue and unit volume.
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