Contact Lenses for Presbyopia Market size is estimated to be USD 3.1 Billion in 2024 and is expected to reach USD 5.2 Billion by 2033 at a CAGR of 6% from 2026 to 2033.
The global contact lenses for presbyopia market was valued at approximately USD 3.5 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 7.2% from 2022 to 2030. North America holds the largest market share, accounting for nearly 40% of the global market. This dominance is attributed to the high prevalence of presbyopia and the well established healthcare infrastructure in the region. The market size in North America reached about USD 1.4 billion in 2022, with a steady rise anticipated due to the increasing demand for advanced vision correction solutions. Europe follows closely with a market size of approximately USD 1 billion in 2022, driven by the aging population and increasing adoption of specialized contact lenses. In the Asia Pacific region, the market is projected to expand rapidly with a CAGR of 8.5%, reaching USD 950 million by 2030 due to the rising awareness and improvement in healthcare services in emerging economies like China and India.
Latin America and the Middle East & Africa (MEA) regions are also witnessing steady growth, with market sizes of USD 300 million and USD 250 million, respectively, in 2022. The Latin American market is expected to grow due to the increasing healthcare awareness and the rise in demand for affordable presbyopia solutions. The MEA region, though smaller in size, is anticipated to experience growth due to gradual improvements in eye care infrastructure and increasing healthcare investments. The Asia Pacific regions rapid growth offers significant opportunities for both established and new players in the market to expand their presence, particularly in countries where the aging population and rising disposable income are contributing to the demand for vision correction products.
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Johnson and Johnson Vision Care
Novartis
CooperVision
Bausch + Lomb
Menicon
NEO Vision
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Contact Lenses for Presbyopia Market
Soft Contact Lenses
Rigid Gas Permeable (RGP) Contact Lenses
Hybrid Contact Lenses
Silicone Hydrogel
Hydrogel
Rigid Gas Permeable (RGP) Materials
Other Specialized Materials
Daily Wear
Extended Wear
Disposable Contact Lenses
Frequent Replacement Lenses
Multifocal Contact Lenses
Bifocal Contact Lenses
Monovision Contact Lenses
Aspheric Contact Lenses
Online Retailers
Optical Stores
Eye Care Professionals/Clinics
Pharmacies
US (United States, US and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Contact Lenses for Presbyopia Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Contact Lenses for Presbyopia Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Contact Lenses for Presbyopia Market, By Type
6. Global Contact Lenses for Presbyopia Market, By Application
7. Global Contact Lenses for Presbyopia Market, By Geography
US
Europe
Asia Pacific
Rest of the World
8. Global Contact Lenses for Presbyopia Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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