Global Hydrogel Contact Lenses Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Toric, Multifocal, Sphere and Others.

By End User;

Retail Shops, Hospitals Pharmacies, Retail Shops, Specialty Clinics, Drug Stores, E-Commerce and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn121688331 Published Date: March, 2025 Updated Date: April, 2025

Introduction

Global Hydrogel Contact Lenses Market (USD Million), 2021 - 2031

In the year 2024, the Global Hydrogel Contact Lenses Market was valued at USD 2127.90 million. The size of this market is expected to increase to USD 3199.57 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.0%.

The global hydrogel contact lenses market has witnessed steady growth in recent years, fueled by advancements in materials science and increasing demand for comfortable and convenient vision correction options. Hydrogel contact lenses, made from a water-absorbing polymer, offer high oxygen permeability and moisture retention, making them suitable for extended wear and maintaining ocular health. As the prevalence of conditions like myopia continues to rise worldwide, hydrogel contact lenses have become a popular choice among consumers seeking both vision correction and comfort.

Key players in the global hydrogel contact lenses market are engaged in research and development efforts to introduce innovative products with enhanced features such as improved breathability, longer wearing times, and compatibility with various eye conditions. Johnson & Johnson Vision Care, Alcon (a division of Novartis), Bausch + Lomb, and CooperVision are among the leading companies driving innovation and market growth. Additionally, strategic collaborations, mergers, and acquisitions are common strategies adopted by these players to expand their product portfolios and strengthen their market presence.

North America and Europe are significant markets for hydrogel contact lenses, owing to the high prevalence of vision-related disorders and well-established healthcare infrastructures. However, emerging economies in Asia Pacific, Latin America, and the Middle East are witnessing rapid adoption of contact lenses, presenting lucrative opportunities for market players. Factors such as increasing disposable income, growing awareness about eye health, and improving access to healthcare services contribute to the expanding market size in these regions. Overall, the global hydrogel contact lenses market is poised for continued growth as technological advancements and changing consumer preferences drive innovation and market expansion.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End User
    3. Market Snapshot, By Region
  4. Global Hydrogel Contact Lenses Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Increasing Prevalence of Vision Disorders
        2. Growing Aging Population
        3. Technological Advancements in Contact Lens Materials
        4. Rising Disposable Income and Healthcare Expenditure
        5. Changing Lifestyle Patterns and Fashion Trends
      2. Restraints
        1. Allergic Reactions and Eye Irritations
        2. Stringent Regulatory Framework
        3. Limited Availability in Remote Areas
        4. Concerns Regarding Eye Health and Safety
      3. Opportunities
        1. Untapped Markets in Emerging Economies
        2. Development of Customized and Specialty Contact Lenses
        3. Expanding Application in Therapeutic and Cosmetic Uses
        4. Collaborations and Partnerships for Market Expansion
        5. Focus on Sustainable and Eco-friendly Contact Lens Materials
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Hydrogel Contact Lenses Market, By Product Type, 2021-2031 (USD Million)
      1. Toric
      2. Multifocal
      3. Sphere
      4. Others
    2. Global Hydrogel Contact Lenses Market, By End User, 2021-2031 (USD Million)
      1. Retail Shops
      2. Hospitals Pharmacies
      3. Retail Shops
      4. Specialty Clinics
      5. Drug Stores
      6. E-Commerce
      7. Others
    3. Global Hydrogel Contact Lenses Market, By Geography, 2021-2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia/New Zealand
        5. South Korea
        6. ASEAN
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Johnson & Johnson Vision Care
      2. Alcon (Novartis)
      3. Bausch + Lomb
      4. CooperVision
      5. Menicon
  7. Analyst Views
  8. Future Outlook of the Market