Contact Lenses Market - United States

Market Statistics

Market Size in 2023: USD 2.16 Billion

Market Forecast in 2032: USD 3.59 Billion

Market Growth Rate: 5.50% (2024-2032)

The U.S. contact lenses market is expanding rapidly, driven by increasing eye care needs and advancements in lens technology. This growth is fueled by the growing focus on vision correction and the rising demand for convenient and comfortable contact lens options. According to the latest report by IMARC Group, the market size reached USD 2.16 Billion in 2023. Looking forward, IMARC Group expects the market to reach USD 3.59 Billion by 2032, exhibiting a growth rate (CAGR) of 5.50% during 2024-2032.

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United States Contact Lenses Industry Trends and Drivers:

Key Trends in the United States Contact Lenses Market

• Sustainability and eco-friendly products:

• • Growing demand for reusable lenses and sustainable packaging options as consumers become more environmentally conscious.

• Technological innovations:

• • Integration of technology in lenses, such as smart contact lenses that monitor health metrics or offer augmented reality features.

• Online retail growth:

• • Online retail channels are gaining prominence, making it easier for consumers to purchase contact lenses with convenience.

• Subscription models:

• • Subscription-based services offering regular lens deliveries are becoming popular, providing convenience and cost savings.

• COVID-19 impact:

• • Increased focus on hygiene and safety during the pandemic has driven demand for disposable lenses and online purchasing options.

Market Drivers

• Increasing awareness of eye health:

• • Rising awareness about eye care and the growing prevalence of vision-related conditions are driving the market.

• Prevalence of vision issues:

• • Myopia, hyperopia, astigmatism, and presbyopia are becoming more common, especially among younger populations, driving demand for corrective lenses.

• Aging population:

• • The growing geriatric population in the U.S. is contributing to the demand for advanced contact lens solutions for age-related vision problems.

• Convenience over glasses:

• • Many consumers are opting for daily, disposable, or extended-wear lenses due to their comfort and convenience compared to glasses.

• Advanced lens technologies:

• • Manufacturers are developing products with enhanced comfort, oxygen permeability, and hydration, such as silicone hydrogel lenses and moisture-rich lenses.

• Cosmetic lenses:

• • Aesthetic-enhancing contact lenses, offering vision correction with added cosmetic appeal, are gaining popularity, especially among younger consumers.

United States Contact Lenses Market Forecast & Segmentation:

The report has segmented the market into the following categories:

Material Insights:

• Gas Permeable
• Silicone Hydrogel
• Hybrid
• Others

Design Insights:

• Spherical
• Toric
• Multifocal
• Others

Usage Insights:

• Daily Disposable
• Disposable
• Frequently Replacement
• Traditional

Application Insights:

• Corrective
• Therapeutic
• Cosmetic
• Prosthetic
• Lifestyle-oriented

Distribution Channel Insights:

• E-commerce
• Eye Care Practitioners
• Retail Stores

Regional Insights:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players.

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Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.  IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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