The global contact lenses market size is calculated at USD 17.94 billion in 2025 and is forecasted to reach around USD 27.69 billion by 2034, accelerating at a CAGR of 4.94% from 2025 to 2034. The North America contact lenses market size surpassed USD 6.84 billion in 2024 and is expanding at a CAGR of 4.97% during the forecast period. The market sizing and forecasts are revenue-based (USD Million/Billion), with 2024 as the base year.
The global contact lenses market size was accounted for USD 17.09 billion in 2024, and is expected to reach around USD 27.69 billion by 2034, expanding at a CAGR of 4.94% from 2025 to 2034. The contact lenses market is expanding due to rising cases of eye defects such as myopia, hyperopia, and astigmatism around the world, fueling the market's growth further.
The impact of AI in the contact lenses domain is inevitable due to the increasing potential of AI to process huge amounts of data and to discover novel concepts which further offer intriguing applications in contact lenses. Many smart contact lenses have been developed for medical applications. According to recent data, in August 2024, South Korean researchers announced the development of contact lenses that are capable of projecting 3D holograms, which will be further helpful for wearable AR. Another application is AI-powered smart contact lenses, which diagnose blood sugar levels and are able to track various ocular health indicators. China also developed eye-tracking smart contact lenses in May 2024, which could lead to cutting-edge applications like human-computer interaction and smoother control of digital interfaces. In another application, researchers are also working on AI-driven fitting for orthokeratology lenses, which aims to solve vision problems at night.
The U.S. contact lenses market size was estimated at USD 4.78 billion in 2024 and is predicted to be worth around USD 8.15 billion by 2034, at a CAGR of 5.48% from 2025 to 2034.
The market for contact lenses is expected to generate maximum revenue for the North American region. The demand is expected to grow in the coming years. The North American region had a share of about 40% in terms of revenue in the past. As there has been an increase in the number of patients suffering with different refractive errors the market will keep growing. The presence of many market players in this region and the collaborations between these market players we will drive the market growth in the coming years. Increased partnerships amongst these market players will drive the market growth during the forecast period. There is an increased demand for therapeutic glasses which shall be beneficial in preventing the progression or preventing the increase of myopia especially in the children.
The demand for contact lenses has grown well in the Asia Pacific region. The demand for the contact lenses of the soft type have a greater demand in the European region as well as the North American region. Constant research and development activities have led to the introduction of various innovative products. Increased purchasing power in the Asia Pacific region has led to an increased demand for contact lenses in this region. Exposure to entertainment and media has led to an increased use of cosmetic lenses.
For the correction of the vision thin lenses are used which are placed on the surface of the eyes. Depending upon the comfort nature as well as the reusable nature of the lenses they either come in soft or art form. Although the market for the contact lenses has grown rapidly in the developed nations the market for these contact lenses is expected to grow well during the forecast period in the developing nations. Due to an increase in the number of disorders or the errors the market for contact lenses is expected to grow well during the forecast period. Due to the refractive errors the demand for contact lenses will grow well in the coming years. About 116 million people across the world have impaired vision due to the refractive error. Due to an increased awareness regarding the availability of the contact lenses which are easy to use and are extremely helpful in correcting the vision will drive the market growth in the coming years.
Are Technology Advances Unlocking New Opportunities in the Contact Lenses Market?
The contact lenses market is in a period of dynamic growth fueled by technology advances, including smart lenses, drug by delivery lenses, and better materials and designs for comfort and oxygen delivery. Current trends include augmented reality (AR) lenses and lenses for specific medical purposes, like lenses that collect and monitor health indicators, like glucose levels. Lens options are also expanding by being multifunctional and creating new opportunities, like medical and consumer lens options. As technology continues to evolve, the future for enhanced contact lens options, including personalized high performance lenses, is changing rapidly.
In December 2024, XPANCEO, a deep-tech company developing smart contact lenses, and Konica Minolta Sensing Europe, an imaging and optical solutions company, announced the launch of a system for testing augmented reality (AR) smart contact lenses. According to the companies' announcement, the XPANCEO-Konika Minolta system incorporates optics specifically engineered for measuring near-eye displays (NEDs), such as those used in virtual, mixed and augmented reality headsets. (Source: https://www.visionmonday.com)
| Report Coverage | Details |
| Market Size in 2025 | USD 17.94 Billion |
| Market Size by 2034 | USD 27.69 Billion |
| Growth Rate from 2025 to 2034 | CAGR of 4.94% |
| Base Year | 2024 |
| Forecast Period | 2025 to 2034 |
| Segments Covered | Material, Design, Application, Distribution Channel, and Usage |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Depending upon the material, the silicone hydrogel segment dominated the market in 2024. Silicone hydrogel-based lenses allow for very high oxygen permeability. More oxygen exposure to the cornea leads to longer wearability, comfort, and good eye health. There are a great number of benefits to the use of these lenses. This has led to high demand in the segment.
By material, the gas permeable segment is predicted to witness significant growth in the market over the forecast period. These lenses have many unique benefits due to their smaller diameter. They allow for clearer vision and are gaining popularity for correcting astigmatism. These lenses are more durable and intended for daily use, with most people adjusting to them and reporting more comfort when compared to soft lenses.
By design, the spherical lenses segment held a dominant presence in the market. Spherical lenses are commonly used to treat both myopia and hyperopia. Spherical lenses have a low cost of production since they are easier to manufacture compared to other lens types. Their simple curvature requires simple manufacturing methods, allowing for faster production. These lenses are also versatile, available in several different powers, and have increased softness with the use of advanced materials.
By design, the multifocal segment is anticipated to grow with the highest CAGR in the market during the studied years. Aging populations globally are opting to use bifocal or multifocal lenses to reduce their dependency on reading glasses. These lenses provide clear vision at all distances and allow for a seamless transition between different eye powers. The demand for the multifocal lenses is expected to show a steady growth in the coming years.
On the basis of application, the corrective lens segment is dominating the contact lens market. Lenses in this application category are widely used to correct vision for people with myopia, hyperopia, astigmatism (cylindrical power), and for people looking to replace their reading glasses. There has been consistently high demand in this segment as many consumers are switching from spectacles to lenses.
By application, the cosmetic segment is predicted to witness significant growth in the market over the forecast period. Changing global beauty standards and the growing popularity of makeup-based art forms such as drag and cosplay are leading to the growing popularity of cosmetic lenses in markets in North America and Asia Pacific. This is expected to spur notable demand in the cosmetic lenses sector in the coming years.
Depending upon the usage, the disposable lens is expected to grow well in the coming years period this segment will dominate the market and it is expected to grow at a compound annual growth rate of 5.1% during the forecast. This account has generated revenue of about 35% of the total market share.
The segment will dominate the market in the coming years due to an increased preference for the disposable lens across the developing as well as the developed nations. These len lenses are extremely comfortable for use. these contact lenses are suggested by the opthalmologists and they are preferred more by the consumers due to the safety factor.
By Material
By Design
By Application
By Distribution Channel
By Usage
By Region
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