Ultra Market Research | India Contact Lenses Market
India Contact Lenses Market
Report ID : 1003
Category : India
No Of Pages : 90
Published on: February 2025
Status: Published
Format :
Key Question Answer
Global Market Outlook
In-depth analysis of global and regional trends
Analyze and identify the major players in the market, their market share, key developments, etc.
To understand the capability of the major players based on products offered, financials, and strategies.
Identify disrupting products, companies, and trends.
To identify opportunities in the market.
Analyze the regional penetration of players, products, and services in the market.
Comparison of major players financial performance.
Evaluate strategies adopted by major players.
Recommendations
India Contact Lenses Market
Introduction
India Contact Lenses Market is exhibiting substantial growth due to the high incidence of refractive errors and the high demand for cosmetic improvements. Contact lenses are small, curved pieces of glass or plastic installed directly on the eye surface to treat vision defects like myopia, hyperopia, astigmatism, and presbyopia. They are utilized for cosmetic and therapeutic applications as well. Current market trends show an increase in the use of daily disposable lenses, silicone hydrogel lenses, and color contact lenses. The rise in the use of e-commerce sites has increased the availability of contact lenses to customers. The India Contact Lenses Market was valued at around $311.71 million in 2023 and is anticipated to grow at a CAGR of 11.9% and reach around $684.79 million by 2030. Increasing disposable incomes, technological progress, and rising awareness of eye health are propelling market growth.
Segmentation
By Application
Corrective Lenses
Single Vision
Myopia
Hyperopia
Others
Multifocal Lenses
Bifocal
Trifocal
Progressive
Toric Lenses
Astigmatism Correction
Custom Toric Lenses
Others
Cosmetic Lenses
Enhancement Tints
Color Tints
Visibility Tints
Opaque Tints
Theatrical Lenses
Costume Lenses
Circle Lenses
Enlargement Effect
Patterned Designs
Therapeutic Lenses
Bandage Lenses
Corneal Healing
Pain Relief
Drug Delivery Lenses
Antibiotic Release
Anti-inflammatory Release
Prosthetic Lenses
Custom Ocular Prosthetics
Aniridia
Iris Coloboma
Pediatric Prosthetics
Congenital Anomalies
Trauma-induced Deformities
By Material
Soft Contact Lenses
Hydrogel Lenses
Low Water Content
High Water Content
Silicone Hydrogel Lenses
High Oxygen Permeability
Extended Wear
Rigid Gas Permeable (RGP) Lenses
Fluorosilicone Acrylate Lenses
Silicone Acrylate Lenses
PMMA Lenses
Scleral Lenses
Mini-scleral Lenses
Full Scleral Lenses
Semi-scleral Lenses
By Distribution Channel
Retail Stores
Optical Chains
Independent Opticians
Pharmacies
Online Platforms
E-commerce Marketplaces
Brand-specific Online Stores
Clinics and Hospitals
Ophthalmology Clinics
Eye Hospitals
List of Market Players
Bausch & Lomb (USA)
CooperVision (USA)
Alcon Vision LLC (USA)
Essilor International S.A. (France)
Johnson & Johnson Vision Care (USA)
Carl Zeiss Meditec AG (Germany)
Hoya Corporation (Japan)
Menicon Co., Ltd. (Japan)
SEED Co., Ltd. (Japan)
GKB Opticals (India)
Titan Eyeplus (India)
Vision Express (India)
Freshlook (USA)
Ciba Vision (USA)
Aryan Opticals (India)
Drivers
The growing incidence of astigmatism and myopia, especially among the young population, is one of the major growth drivers for the India Contact Lenses Market. Also, growing consciousness about vision correction and eye care is compelling customers to choose contact lenses instead of conventional glasses. The market also grows due to increased innovation in lens technology, including silicone hydrogel lenses, which are more oxygen permeable and comfortable. The increasing fashion-conscious consumer segment has resulted in increased demand for cosmetic and colored lenses. In addition, the spread of online shopping platforms has facilitated greater accessibility for contact lens purchases by consumers. Rising disposable income and demographic growth driven by an aging population are also driving market demand.
Restraints
Though growing, the India Contact Lenses Market is confronted with challenges of high prices for premium contact lenses and the costs of maintenance that come with them. Most of the potential customers continue to favor spectacles owing to affordability and convenience. Eye infection and irritation risks from prolonged use of contact lenses are concerns that deter some users from embracing lenses. Also, a lack of knowledge about the proper care and hygiene of contact lenses can result in complications, restricting market penetration. Regulatory constraints and prescription requirements in certain situations also act as barriers to market growth.
Opportunity
The India Contact Lenses Market offers huge opportunities with the rising penetration of online platforms, with a variety of contact lenses at affordable prices. The growth in daily disposable lenses, which involve little maintenance, is likely to propel adoption rates. Advances in technology, such as smart contact lenses with augmented reality, can open up new growth opportunities. Increasing healthcare infrastructure and enhanced access to eye care professionals are also driving higher adoption of contact lenses. The increasing power of social media and fashion trends are also likely to fuel demand for colored and cosmetic lenses.
Trends
Some of the current trends in the India Contact Lenses Market are the increasing popularity of daily disposable lenses, which are more hygienic and convenient. Blue light-blocking contact lenses are also becoming increasingly popular, catering to issues surrounding extended screen exposure. Hybrid lenses, which have the comfort of soft lenses and the crispness of rigid lenses, are also becoming increasingly popular among consumers looking for premium vision correction solutions. The use of sustainable and eco-friendly contact lens materials is also another upsurging trend with rising environmental awareness. Further, tele-optometry services for remote eye examinations and online consultation are changing the retail scenario for contact lenses.
Approved Products & Pipeline
ACUVUE OASYS (Johnson & Johnson)
Air Optix Plus HydraGlyde (Alcon)
Biofinity Toric (CooperVision)
Ultra Contact Lenses (Bausch & Lomb)
Menicon Z Night Lenses (Menicon)
Key Target Audience
Optical Retailers
Ophthalmologists and Optometrists
Contact Lens Manufacturers
Pharmaceutical Companies
E-commerce Platforms
Healthcare Institutions
Frequently Asked Question’s
The market is expected to grow at a CAGR of 11.9%, reaching $684.79 million by 2030.
Daily disposable and silicone hydrogel lenses are the most popular due to their convenience and comfort.
Rising vision impairment cases, fashion trends, and technological advancements are driving growth.
Companies like Bausch & Lomb, CooperVision, Alcon, and Johnson & Johnson dominate the market.
High costs, risk of infections, and limited awareness are key challenges in market expansion.
Table of Contents
1. Introduction
1.1 Report Description
1.2 Research Methodology
1.2.1 Data Mining
1.2.2 Market Modeling and Forecasting
1.2.3 Data Validation
1.2.4 Industry Analysis
2. Market Dashboard
3. Market Overview
3.1 Market Definition and Scope
3.2 Market Segmentation
3.2.1 By Material Type
3.2.2 By Design
3.2.3 By Usage
3.2.4 By Application
3.2.5 By Distribution Channel
3.3 Market Dynamics
3.3.1 Drivers
3.3.2 Restraints
3.3.3 Opportunities
3.3.4 Challenges
4. India Contact Lenses Market by Material Type
4.1 Introduction
4.2 Market Size and Growth Rate by Material Type (2024-2030)
4.2.1 Soft Contact Lenses
4.2.2 Rigid Gas Permeable (RGP) Contact Lenses
4.2.3 Hybrid Contact Lenses
4.2.4 Silicone Hydrogel Lenses
4.2.5 PMMA (Polymethyl Methacrylate) Lenses
5. India Contact Lenses Market by Design
5.1 Introduction
5.2 Market Size and Growth Rate by Design (2024-2030)
5.2.1 Spherical Contact Lenses
5.2.2 Toric Contact Lenses
5.2.3 Multifocal Contact Lenses
5.2.4 Orthokeratology (Ortho-K) Lenses
6. India Contact Lenses Market by Usage
6.1 Introduction
6.2 Market Size and Growth Rate by Usage (2024-2030)
6.2.1 Daily Disposable Lenses
6.2.2 Weekly Disposable Lenses
6.2.3 Monthly Disposable Lenses
6.2.4 Extended Wear Lenses
6.2.5 Conventional (Reusable) Lenses
7. India Contact Lenses Market by Application
7.1 Introduction
7.2 Market Size and Growth Rate by Application (2024-2030)
7.2.1 Corrective Lenses
7.2.2 Cosmetic & Lifestyle Lenses
7.2.3 Therapeutic Lenses
7.2.4 Prosthetic Lenses
8. India Contact Lenses Market by Distribution Channel
8.1 Introduction
8.2 Market Size and Growth Rate by Distribution Channel (2024-2030)
8.2.1 Optical Stores
8.2.2 Hospitals & Clinics
8.2.3 Retail Pharmacies
8.2.3.1 Local Pharmacies
8.2.3.2 Chain Pharmacies
8.2.4 Online Platforms
9. India Contact Lenses Market – Regional Analysis
9.1 Introduction
9.2 Market Size and Growth Rate by Region (2024-2030)
9.2.1 North India
9.2.2 South India
9.2.3 East India
9.2.4 West India
10. Competitive Landscape
10.1 Company Profiles
10.1.1 Johnson & Johnson Vision Care
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.2 Alcon (A Novartis Division)
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.3 Bausch + Lomb
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.4 CooperVision
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.5 Hoya Corporation
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.6 Menicon Co., Ltd.
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.7 Seed Co., Ltd.
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.8 ZEISS International
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.9 EssilorLuxottica
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
10.1.10 Vision Rx Lab
Business Overview
Product Portfolio
Strategic Developments
Financial Overview
11. Market Trends & Innovations
11.1 Smart Contact Lenses
11.2 Blue Light Blocking Contact Lenses
11.3 Sustainable & Eco-Friendly Contact Lenses
11.4 Advancements in Lens Materials
11.5 Growing Demand for Customizable Lenses
12. Regulatory Landscape & Reimbursement Policies
12.1 Guidelines from Drug Controller General of India (DCGI)
12.2 Bureau of Indian Standards (BIS) Regulations
12.3 Import & Export Regulations
12.4 Insurance and Reimbursement Policies
13. COVID-19 Impact Analysis on India Contact Lenses Market
13.1 Short-Term and Long-Term Impact
13.2 Changes in Consumer Behavior
13.3 Supply Chain Disruptions
13.4 E-Commerce and Digital Sales Growth
14. Conclusion and Strategic Recommendations
14.1 Market Entry Strategies
14.2 Investment & Expansion Opportunities
14.3 Strategic Partnerships & Collaborations
15. Appendix
15.1 List of Tables
Market Size by Material Type, Design, Usage, Application, and Distribution Channel (2024-2030)
Market Share Analysis of Key Players
Regulatory Guidelines Overview
15.2 List of Figures
Market Growth Trends (2024-2030)
Competitive Landscape Analysis
Regional Market Share Breakdown
Advancements in Contact Lens Technology
Research Methodology
The process of market research at Ultra Market Research is an iterative in application and usually follows following path. Information from secondary used to build data models, then results from data models are validated from primary participants. Then cycle repeats where, according to inputs from primary participants, additional secondary research is done, and new Information is again incorporated into data model. The process continues till desired level of Information is not generated
To calculate the market size, the report considers the revenue generated from the sales of Ultra Market Research providers. The revenue generated from the sales of Ultra Market Research has been calculated through primary and secondary research. The report also presents the key players operating in the Ultra Market Research market across the globe identified through secondary research and a corresponding detailed analysis of the top vendors in the market. The market size calculation also includes distribution channel segmentation determined using secondary sources and verified through primary sources.
Secondary Research
The secondary research source that are typically referred to include, but are not limited to:
Company websites, annual reports, financial reports, broker reports, investor presentations and SEC filings
Internal and external proprietary databases, relevant patent and regulatory databases
National government documents, statistical databases and market reports
News articles, press releases and web-casts specific to the companies operating in the market
The source for secondary research includes but is not limited to: Factiva, Hoovers and Statista
Inner Circle Represents – Stage of Research Process
Middle Circle Represents – Source of Information
Outer Circle Represents – Information Derived from that source
Primary Research We conduct primary interviews on an ongoing basis with industry participants and commentators in order to validate data and analysis. A typical research interview fulfills the following functions:
It provides first-hand Information on the market size, market trends, growth trends, competitive landscape, future outlook etc.
Helps in validating and strengthening the secondary research findings
Further develops the analysis team’s expertise and market understanding
Primary research involves E-mail interactions, telephonic interviews as well as face-to-face interviews for each market, category, segment and sub-segment across geographies
The participants who typically take part in such a process include, but are not limited to:
Industry participants: CEOs, VPs, marketing/ distribution channel managers, market intelligence managers and national sales managers
Purchasing managers, technical personnel, distributors and resellers
Outside experts: Investment bankers, valuation experts, research analysts specializing in specific markets
Key opinion leaders specializing in different areas corresponding to different industry distribution channels
Models Where no hard data is available, we use modeling and estimates in order to produce comprehensive data sets. A rigorous methodology is adopted in which the available hard data is cross referenced with the following data distribution channels to produce estimates:
Demographic data: Population split by segment
Macro-economic indicators: GDP, etc.
Industry indicators: Expenditure, distribution channel stage & infrastructure, sector growth and facilities.
Data is then cross checked by the expert panel.
2..1 Company Share Analysis Model
Company share analysis is used to derive the size of United States market. As well as study of revenues of companies for last three to five years also provide the base for forecasting the market size and its growth rate. This model is built in following steps: 2..2 Revenue Based Modeling
Revenue based models can be built in two ways – Top-Down or Bottom-Up irrespective of industry. Market size estimated from company share analysis acts as a validation point for bottom-up approach where as it acts as starting point for top-down approach.
2.1 Research Limitations Inflation is not a part of pricing in this report. Prices of India Contact Lenses Market and its derivatives vary in each region and hence similar revenue ratio does not follow for each individual region. The same price for each distribution channel has been taken into account while estimating and forecasting market revenue Globally. Regional average price has been considered while breaking down this market by application in each region. This report provides market size of India Contact Lenses Market for the past year and forecasts for the next six years. India Contact Lenses Market size is given in terms of revenue Market revenue is defined in USD Million. Market numbers are given on the basis of different India Contact Lenses Market categories. Market size and forecasts for each major application is provided in the context of Global market. The numbers provided in this report are derived on the basis of demand for India Contact Lenses Market from different application industries in different regions.
