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How has the coloured contact lenses market size evolved in recent years?

The market for coloured contact lenses has seen a substantial expansion in recent times. It is projected to expand from $3.85 billion in 2024 to $4.24 billion in 2025, exhibiting a Compound Annual Growth Rate (CAGR) of 10.2%. Factors responsible for this historical growth include celebrity endorsements, a rise in disposable income, the impact of social media, globalization, and changing societal perceptions regarding cosmetic enhancements.

What are the predictions for the coloured contact lenses market size in the coming years?

In the coming years, the thermoplastic pipe market is predicted to experience significant expansion, reaching a valuation of $4.42 billion by 2029, with a compound annual growth rate (CAGR) of 6.7%. This growth during the projected period can be attributed to the expansion of the oil and gas sector, increased acceptance of renewable energy, escalated usage of thermoplastic pipes, and governmental mandates for the safe transportation of oil and natural gases. The major trends anticipated during this forecast period include advancements in materials, the emergence of hybrid solutions and composites, use of advanced manufacturing approaches, and a surge in innovation and competition.

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What key factors are fueling the growth of the coloured contact lenses market?

The surge in eye-related health issues is anticipated to fuel the expansion of the colored contact lens industry. Eye disorders, ranging from infections and allergies to vitamin deficiencies, can lead to poor sight or even blindness. These color-altering lenses not only enhance the eyes’ aesthetic appeal but also tackle frequent visual abnormalities like astigmatism, myopia, and hyperopia. For instance, information from NVISION Eye Centers, a leading US eye care provider, indicates that in December 2022, roughly 12 million Americans aged 40 or older experienced visual impairment. Among them, around 1 million were categorized as visually impaired. This escalating prevalence of eye ailments is largely propelling the growth of the colored contact lens industry.

How is the global coloured contact lenses market divided into key segments?

The coloured contact lenses market covered in this report is segmented –

1) By Product Type: Soft Contact Lenses, RGP Lenses, Hybrid Lenses

2) By Material: Polymer, Hydrogen

3) By Application: With Vision Correction, Without Vision Correction

4) By End-Users: Retail Stores, Online Stores, Other Stores

Subsegments:

1) By Soft Contact Lenses: Daily Disposable Soft Lenses, Bi-weekly Soft Lenses, Monthly Soft Lenses, Extended Wear Soft Lenses

2) By RGP Lenses (Rigid Gas Permeable): Custom RGP Lenses, Standard RGP Lenses

3) By Hybrid Lenses: Scleral Hybrid Lenses, Corneal Hybrid Lenses

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Who are the key firms paving the way for growth in the coloured contact lenses market?

Major companies operating in the coloured contact lenses market include Johnson & Johnson, Alcon, Bausch + Lomb, CooperVision Inc., Clalen, TTDeye, Olens, NEO Vision, Vassen, Desio, Barbie Eyesland, Solotica, Camax Optical Corp., Clearlab SG Pte Ltd, FreshKon, Maxvue Vision, ColourVue, Sweety Plus, Adore Lenses, LensMe, EOS Lenses, Dueba, Geo Medical, FourVision, ICK Contacts, Beuberry, Princess Pinky, InnoVision, EyeCandys, Dreamcon

Which trends are expected to transform the coloured contact lenses market?

Prominent businesses in the colored contact lens market, such as Unicoeye, are capitalizing on product innovation to maintain their industry standing. For example, a new trend in this sector is to create eerie or supernatural-themed contact lenses, commonly referred to as “spooky-colored”. In September 2022, the China-based brand Unicoeye, launched their own range of Spooky Colored Contact Lenses, just in time for the Halloween season. These special lenses are designed with unique color mixes and spooky designs, making them a perfect fit for any Halloween costume or cosplay outfits. The collection offers an exciting way to enhance one’s Halloween costume, whether complementing makeup, face paint, or adding an unexpected colourful twist to any trick-or-treating ensemble. The range is renowned for its distinctive color fusions and creepy design elements.

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What regions are contributing significantly to the growth of the coloured contact lenses market?

North America was the largest region in the colored contact lenses market in 2024. The regions covered in the coloured contact lenses market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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