Contact Lenses Market Size

Contact Lenses Market size was over USD 18.84 billion in 2024 and is poised to cross USD 49.47 billion by the end of 2037, witnessing more than 7.7% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of contact lenses is estimated at USD 20.02 billion.

The key factors driving the market expansion are the expanding preference for contact lenses among developing nations and the frequency of refractive defects worldwide. By 2025, the volume in the contact lenses industry is projected to reach over 7,800 million units. Volume growth of around 13% is anticipated for the contact lens industry in 2023.

Online vision tests have become more popular recently, however, for legitimate reasons, an eye test for the elderly, adults, or kids from a reputable optometrist is still the only method to acquire a prescription for contact lenses. Additionally, with the rising interests amongst individuals for contact lenses, eye tests are nowadays streamlined and tailored to meet the needs of these individuals by including a contact lens test. These lenses offer the vision correction that the majority of people require without the use of frames and lenses which some individuals find vital for certain activities and lifestyles. Approximately, 8% of people who wear contacts are below the age of 17 and 14% are aged from 18 to 24, and 75% of people over the age of 25 wear contacts.