Global soft contact lenses market projected to reach $17.39 billion by 2032 due to advancements and rising demand

From GlobeNewswire: 2025-07-01 09:35:00

The global Soft Contact Lenses Market was valued at USD 9.05 billion in 2023, projected to reach USD 17.39 billion by 2032, growing at a CAGR of 7.55%. Advancements in materials like silicone hydrogel have improved comfort and hydration, making soft contact lenses popular for correcting vision disorders due to digital screen exposure.

Soft contact lenses are now designed with high oxygen transmissibility, UV protection, and blue light filtration. Consumer demand is shifting towards daily disposable lenses for improved hygiene and comfort. E-commerce channels and subscription-based models are expanding access to contact lenses across all demographics.

The silicone hydrogel segment dominated the market in 2023 with over 66.9% of total revenue due to greater oxygen permeability. Spherical lenses were popular for correcting refractive defects, while toric lenses for astigmatism are expected to grow. Daily disposable lenses were preferred for better hygiene, while disposable lenses for cost and convenience.

North America accounted for 37.9% of the market in 2023, with high awareness of vision correction solutions. Asia-Pacific is poised for the highest growth, driven by rising myopia cases and government-driven vision care initiatives. Recent developments include revenue increases for Cooper Companies and product launches by Bausch + Lomb.

Cooper Companies announced a revenue increase, while UK researchers received a grant for developing a “bandage” contact lens. Bausch + Lomb launched INFUSE for Astigmatism daily disposable lenses. SNS Insider offers detailed market analysis reports for investors and businesses looking to understand market trends and opportunities.



Read more at GlobeNewswire: Soft Contact Lenses Market Projected to Reach USD 17.39