Contact lens wear can lead to corneal hypoxia due to the lens acting as a barrier to oxygen supply. Prolonged hypoxia causes changes to the tear film, epithelium, stroma, and endothelium. Symptoms include red eyes, irritation, tearing, and vision changes. Management involves discontinuing lens use, refitting with a higher oxygen permeability lens, or reducing hours of wear. Choosing a lens material with good wettability, oxygen permeability, and low deposition can reduce risks. Immune events like allergic conjunctivitis or mechanical issues like abrasions may also occur but can often be managed by changing lens parameters or care.