Global Colored Contact Lenses Market Revenue Reached $1978 Million in 2023

Colored contact lenses are a type of transparent contact lens that can change the color of the eyes and are commonly used for beauty and vision correction.

Global Colored Contact Lenses Segmentation Market Analysis

According to the different material hardness, colored contact lenses can usually be divided into rigid contact lenses, soft contact lenses, and hybrid contact lenses. Among them, rigid contact lenses have high oxygen permeability and comfort, but the fitting process is relatively complex; Soft contact lenses have good comfort and adaptability, but are prone to sediment formation; Hybrid contact lenses combine the advantages of both rigid and soft contact lenses, but they are relatively expensive. According to our research data, the global soft-colored contact lenses segment market revenue was $1503 million in 2023, with a market share of 75.99%, occupying a dominant position.

From the development situation of various regions, North America is the largest revenue market in the industry. According to our data, the North American colored contact lenses market achieved a revenue of $1037 million in 2023, accounting for 52.43% of the global total revenue; The European market ranked second with a revenue share of 13.55%. In addition, Asian countries such as China, Japan, and India also have a certain market share.

Global Colored Contact Lenses Market Revenue and Share by Type and Region in 2023

 

Market Revenue (Million USD)

Share

Segmented by Type

Soft Contact Lenses

1503

75.99%

Hybrid Contact Lenses

186

9.42%

Rigid Contact Lenses

288

14.58%

Segmented by Region

North America

1037

52.43%

Europe

268

13.55%

China

165

8.34%

Japan

195

9.86%

India

81

4.10%

Southeast Asia

98

4.95%

Others

134

6.77%

Source: www.globalmarketmonitor.com

Overview of Market Development and Analysis of Market Competition Pattern
In recent years, the global colored contact lenses market has maintained a steady growth trend. According to our research data, the total revenue of the global colored contact lens market was $1978 million in 2023. In the coming years, with the continuous progress of technology and the changing market demand, the colored contact lenses industry will see more innovation and transformation. For example, with the continuous development of 3D printing technology, there may be more personalized and accurate color contact lens products in the future, and the market size is expected to continue to expand. It is expected that the total revenue of the global color contact lens market will increase to $2208 million by 2025.
From the perspective of market competition, the concentration of the global colored contact lenses market is relatively high. Data shows that in 2023, the top 3 companies in the industry achieved a total production value of $956 million in the colored contact lenses market, with a total market share of 48.33%. The top 3 companies were ACUVUE, Alcon, and CooperVision. In 2023, these three companies accounted for 21.94%, 14.83%, and 11.56% of the global colored contact lenses production value, respectively.
Global Colored Contact Lenses Market Revenue Forecast and Competition Pattern Analysis 

Global Colored Contact Lenses Market Revenue Forecast and Competition Pattern Analysis
Source: www.globalmarketmonitor.com

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