The contact lens wearing presbyopic population is underserved worldwide. There are several available options, including single vision contact lenses and spectacle over-correction for near, monovision, rigid gas permeable (GP) multifocal and bifocal lens designs and soft bifocal lens designs. This paper presents an overview of the latest research and clinical experience as it pertains to these forms of correction. Recent comparative studies concluded that contact lens multifocals perform better in many different forms of visual measurements, in some cases performing similar to best spectacle correction, than monovision wearers. The future appears to be very promising for multifocal GP and soft lens modalities.