The Coloured Contact Lenses Global Market Report 2023, provides comprehensive information on the coloured contact lenses market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Coloured Contact Lenses Global Market Report 2023, the global coloured contact lenses market size is expected to grow from $3.27 billion in 2022 to $3.62 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the coloured contact lenses market is expected to grow to $5.19 billion in 2027 at a CAGR of 9.4%.
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Technological advancements are a key trend gaining popularity in the colored contact lens market. Major companies operating in the colored contact lens market are focused on innovating new technologies to sustain their position in the market. For instance, in July 2020, Perfect Corp., a US-based beauty tech solutions provider, partnered with a US-based multinational corporation, Johnson & Johnson, to launch contact lens AR virtual try-on within its ACUVUE flagship Taobao and WeChat mini-programs. This is the first colored contact lens virtual try-on service using AR technology that is available on Taobao and WeChat micro-programs. The precise eye position may be detected using Perfect Corp.’s cutting-edge facial recognition technology, which also enables a realistic AR virtual contact lens try-on. Colored contact lenses and AR+AI beauty technology are going beyond virtual makeup try-ons. This innovative online solution is expected to provide customers with a comprehensive, immersive, and hyper-realistic augmented reality beauty experience.
The coloured contact lenses market is segmented:
1) By Product Type: Soft Contact Lenses, RGP Lenses, and Hybrid Lenses
2) By Material: Polymer, Hydrogen
3) By Application: With Vision Correction, Without Vision Correction
4) By End-Users: Retail Stores, Online Stores, Other Stores
North America was the largest region in the coloured contact lenses market in 2022.
The table of contents in TBRC’s coloured contact lenses market report includes:
1. Executive Summary
2. Coloured Contact Lenses Market Characteristics
3. Coloured Contact Lenses Market Trends And Strategies
4. Coloured Contact Lenses Market – Macro Economic Scenario
5. Coloured Contact Lenses Market Size And Growth
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26. Africa Coloured Contact Lenses Market
27. Coloured Contact Lenses Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Coloured Contact Lenses Market
29. Coloured Contact Lenses Market Future Outlook and Potential Analysis
30. Appendix
Top Major Players:
CooperVision Inc.
Alcon
Bausch + Lomb
Menicon Co. Ltd.
Johnson & Johnson
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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