GITNUX MARKETDATA REPORT 2024

Contact Lenses Industry Statistics

The contact lenses industry is expected to grow steadily due to increasing awareness about eye health and advancements in technology.

Last Updated: June 22, 2024

Written & Summarized by: Jannik Lindner

How we write

In this post, we will explore compelling statistics surrounding the contact lenses industry. From market sizes and user demographics to growth projections and technological advancements, the data paints a detailed picture of this thriving market. Join us as we delve into the latest trends and insights shaping the global contact lenses landscape.

Statistic 1

"The global contact lens market size is expected to grow from 12.74 billion USD in 2020 to 20.1 billion USD by 2026."

Statistic 2

"In 2020, nearly 4.95 million people in the U.S. were using contact lenses."

Statistic 3

"The US held a market share of approximately 35.7% in the global contact lens market in 2019."

Statistic 4

"Approximately 125 million people use contact lenses worldwide."

Statistic 5

"In 2015, single-use disposable lenses accounted for 43.3% of the world’s soft lens fittings."

Statistic 6

"The APAC region is estimated to be the fastest-growing market for contact lenses during the forecast period 2019-2024."

Statistic 7

"Close to 66.8% of contact lens wearers are female."

Statistic 8

"The population aged 25-34 is the largest users of contact lenses in the U.S."

Statistic 9

"30% of contact lens wearers reported using silicone hydrogel lenses in 2020."

Statistic 10

"41% of contact lens wearers in the U.S. use lenses for corrective purposes."

Statistic 11

"The toric contact lens segment is expected to grow at a CAGR of 7.2% by 2024."

Statistic 12

"Color contact lenses are expected to make up 24% of the contact lens market by 2026."

Statistic 13

"The prevalence of myopia is rising globally and is projected to affect nearly 5 billion people by 2050, driving the need for corrective contact lenses."

Statistic 14

"By 2025, contact lenses are expected to account for 15% of the vision correction market."

Statistic 15

"Around 80% of contact lens fittings result from referrals by satisfied lens wearers."

Statistic 16

"In the UK, approximately 3.6 million people wear contact lenses, equating to 9% of the adult population."

Statistic 17

"As of 2021, Johnson & Johnson holds the highest market share (21.49%) in the contact lens industry."

Statistic 18

"The online sale of contact lenses is expected to grow at a CAGR of 25-30% for the next five years."

The statistics presented highlight the significant growth and trends within the contact lens industry, with a clear indication of rising market sizes, shifting consumer demographics, and technological advancements driving the market forward. The increasing prevalence of myopia globally is expected to further boost the demand for corrective contact lenses. The industry is witnessing a surge in online sales and a shift towards single-use disposable and silicone hydrogel lenses, reflecting consumer preferences for convenience and comfort. Companies like Johnson & Johnson are capitalizing on these trends, holding substantial market shares. As the industry evolves, it will be crucial for businesses to adapt to changing consumer needs and technological developments to stay competitive in this dynamic market landscape.

Jannik Lindner

Jannik is the Co-Founder of Gitnux and has been working in the digital space since 2016. He is specialized in content and tech.

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