Europe Contact Lenses Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 – 2032
Europe Contact Lenses Market reached USD 5.5 billion in 2023 and is projected to grow at a CAGR of 3.4% from 2024 to 2032. Increasingly, consumers are opting for contact lenses over traditional eyewear, driven by preferences for enhanced aesthetics and greater comfort.
The market is segmented into rigid gas permeable (RGP), soft contact, and hybrid contact lenses. In 2023, rigid gas permeable lenses led the market, generating over USD 4.9 billion in revenue and experiencing a growth rate of 3.4%. RGP lenses are preferred for their excellent oxygen permeability and long-lasting durability compared to soft lenses. The rising awareness of eye health and the benefits of RGP lenses in addressing conditions like astigmatism and keratoconus have also contributed to their increasing demand. Moreover, innovations in lens materials and designs are further improving comfort and wearability, boosting the popularity of RGP lenses.
As the population ages and screen time increases, more individuals are experiencing vision problems, further driving the demand for corrective lenses, such as multifocal and toric lenses. The growth of both physical retail outlets and e-commerce platforms has made it easier for consumers across Europe to access contact lenses, catering to a tech-savvy market that values convenience in purchasing.
The U.K. is currently the leading market in Europe, generating USD 1.4 billion in revenue in 2023, with expectations to reach USD 2 billion by 2032. The growing prevalence of vision disorders, particularly myopia, linked to increased screen time and digital device usage, is a key factor in the market’s growth. Advances in lens technology, such as the development of silicone hydrogel lenses and daily disposable options, have enhanced comfort and safety, making contact lenses an even more attractive option for consumers.
The market is segmented into rigid gas permeable (RGP), soft contact, and hybrid contact lenses. In 2023, rigid gas permeable lenses led the market, generating over USD 4.9 billion in revenue and experiencing a growth rate of 3.4%. RGP lenses are preferred for their excellent oxygen permeability and long-lasting durability compared to soft lenses. The rising awareness of eye health and the benefits of RGP lenses in addressing conditions like astigmatism and keratoconus have also contributed to their increasing demand. Moreover, innovations in lens materials and designs are further improving comfort and wearability, boosting the popularity of RGP lenses.
As the population ages and screen time increases, more individuals are experiencing vision problems, further driving the demand for corrective lenses, such as multifocal and toric lenses. The growth of both physical retail outlets and e-commerce platforms has made it easier for consumers across Europe to access contact lenses, catering to a tech-savvy market that values convenience in purchasing.
The U.K. is currently the leading market in Europe, generating USD 1.4 billion in revenue in 2023, with expectations to reach USD 2 billion by 2032. The growing prevalence of vision disorders, particularly myopia, linked to increased screen time and digital device usage, is a key factor in the market’s growth. Advances in lens technology, such as the development of silicone hydrogel lenses and daily disposable options, have enhanced comfort and safety, making contact lenses an even more attractive option for consumers.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021- 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising myopia rates
3.6.1.2 Increased awareness of vision health
3.6.1.3 Technological advancements in lenses
3.6.1.4 Rise of e-commerce and online sales platforms
3.6.2 Industry pitfalls & challenges
3.6.2.1 Stringent regulatory requirements
3.6.2.2 Competition from eyeglasses
3.7 Consumer buying behavior analysis
3.7.1 Demographic trends
3.7.2 Factors Affecting Buying Decision
3.7.3 Consumer Product Adoption
3.7.4 Preferred Distribution Channel
3.7.5 Preferred Price Range
3.8 Growth potential analysis
3.9 Raw material analysis
3.10 Trade analysis
3.10.1 Export data
3.10.2 Import data
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 – 2032, (USD BILLION) (MILLION UNITS)
5.1 Key trends
5.2 Rigid gas permeable
5.3 Soft contact
5.4 Hybrid contact
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TYPE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
6.1 Key trends
6.2 Corrective
6.3 Therapeutic lenses
6.4 Cosmetic lenses
6.4.1 Colored
6.4.2 Circle
6.5 Prosthetic lenses
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (MILLION UNITS)
7.1 Key trends
7.2 Hydrogel
7.2.1 HEMA hydrogel
7.2.2 Silicone hydrogel
7.3 Polymers
7.3.1 Polyvinyl alcohol
7.3.2 Rigid gas permeable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY DESIGN, 2021 – 2032, (USD BILLION) (MILLION UNITS)
8.1 Key trends
8.2 Spherical
8.3 Toric
8.4 Multifocal
8.5 Others (monovision)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY USAGE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
9.1 Key trends
9.2 Daily disposable
9.3 Weekly disposable
9.4 Monthly disposable
9.5 Annual
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD MILLION) (MILLION UNITS)
10.1 Key trends
10.2 Online
10.2.1 E commerce
10.2.2 Company websites
10.3 Offline
10.3.1 Optical stores
10.3.2 Eye care clinics
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021 – 2032, (USD BILLION) (MILLION UNITS)
11.1 Key trends
11.2 UK
11.3 Germany
11.4 France
11.5 Italy
11.6 Spain
11.7 Russia
11.8 Netherlands
11.9 Poland
11.10 Sweden
11.11 Portugal
11.12 Hungary
CHAPTER 12 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
12.1 Alcon (Novartis)
12.2 Avizor
12.3 Bausch + Lomb
12.4 BenQ Materials Corporation
12.5 Carl Zeiss
12.6 Clearlab International
12.7 EssilorLuxottica
12.8 Hoya Corporation
12.9 Johnson & Johnson Vision Care
12.10 Mark’ennovy Personalized Care
12.11 Menicon
12.12 NeoVision
12.13 PEGAVISION Corporation
12.14 PolyVue
12.15 Safilens
12.16 The Cooper Companies, Inc. (CooperVision)
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021- 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising myopia rates
3.6.1.2 Increased awareness of vision health
3.6.1.3 Technological advancements in lenses
3.6.1.4 Rise of e-commerce and online sales platforms
3.6.2 Industry pitfalls & challenges
3.6.2.1 Stringent regulatory requirements
3.6.2.2 Competition from eyeglasses
3.7 Consumer buying behavior analysis
3.7.1 Demographic trends
3.7.2 Factors Affecting Buying Decision
3.7.3 Consumer Product Adoption
3.7.4 Preferred Distribution Channel
3.7.5 Preferred Price Range
3.8 Growth potential analysis
3.9 Raw material analysis
3.10 Trade analysis
3.10.1 Export data
3.10.2 Import data
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 – 2032, (USD BILLION) (MILLION UNITS)
5.1 Key trends
5.2 Rigid gas permeable
5.3 Soft contact
5.4 Hybrid contact
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TYPE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
6.1 Key trends
6.2 Corrective
6.3 Therapeutic lenses
6.4 Cosmetic lenses
6.4.1 Colored
6.4.2 Circle
6.5 Prosthetic lenses
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (MILLION UNITS)
7.1 Key trends
7.2 Hydrogel
7.2.1 HEMA hydrogel
7.2.2 Silicone hydrogel
7.3 Polymers
7.3.1 Polyvinyl alcohol
7.3.2 Rigid gas permeable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY DESIGN, 2021 – 2032, (USD BILLION) (MILLION UNITS)
8.1 Key trends
8.2 Spherical
8.3 Toric
8.4 Multifocal
8.5 Others (monovision)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY USAGE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
9.1 Key trends
9.2 Daily disposable
9.3 Weekly disposable
9.4 Monthly disposable
9.5 Annual
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD MILLION) (MILLION UNITS)
10.1 Key trends
10.2 Online
10.2.1 E commerce
10.2.2 Company websites
10.3 Offline
10.3.1 Optical stores
10.3.2 Eye care clinics
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021 – 2032, (USD BILLION) (MILLION UNITS)
11.1 Key trends
11.2 UK
11.3 Germany
11.4 France
11.5 Italy
11.6 Spain
11.7 Russia
11.8 Netherlands
11.9 Poland
11.10 Sweden
11.11 Portugal
11.12 Hungary
CHAPTER 12 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
12.1 Alcon (Novartis)
12.2 Avizor
12.3 Bausch + Lomb
12.4 BenQ Materials Corporation
12.5 Carl Zeiss
12.6 Clearlab International
12.7 EssilorLuxottica
12.8 Hoya Corporation
12.9 Johnson & Johnson Vision Care
12.10 Mark’ennovy Personalized Care
12.11 Menicon
12.12 NeoVision
12.13 PEGAVISION Corporation
12.14 PolyVue
12.15 Safilens
12.16 The Cooper Companies, Inc. (CooperVision)
