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Contact Lens Solutions - Global Market Trajectory & Analytics

  • ID: 5028137
  • Report
  • February 2022
  • Region: Global
  • 367 Pages
  • Global Industry Analysts, Inc

FEATURED COMPANIES

  • Alcon Laboratories, Inc.
  • CLB VISION
  • CooperVision, Inc.
  • FreshKon
  • Menicon Co., Ltd.

Global Contact Lenses Cleaning Solutions Market to Reach $3.1 Billion by 2027


Amid the COVID-19 crisis, the global market for Contact Lenses Cleaning Solutions estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at aCAGR of 3.2% over the period 2020-2027. Multi Purpose, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydrogen Peroxide-based segment is readjusted to a revised 3.8% CAGR for the next 7-year period.



The U.S. Market is Estimated at $866.3 Million, While China is Forecast to Grow at 4.2% CAGR


The Contact Lenses Cleaning Solutions market in the U.S. is estimated at US$866.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$290.7 Million by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

Select Competitors (Total 53 Featured) -

  • Alcon Laboratories, Inc.
  • Allergan (A Company of AbbVie)
  • Bausch & Lomb, Incorporated
  • CLB VISION
  • CooperVision, Inc.
  • FreshKon
  • Johnson & Johnson Vision Care, Inc.
  • Menicon Co., Ltd.
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.
Frequently Asked Questions about the Global Market for Contact Lenses Cleaning Solutions

What is the estimated value of the Global Market for Contact Lenses Cleaning Solutions?

The Global Market for Contact Lenses Cleaning Solutions was estimated to be valued at $2.5 Billion in 2020.

What is the growth rate of the Global Market for Contact Lenses Cleaning Solutions?

The growth rate of the Global Market for Contact Lenses Cleaning Solutions is 3.1%, with an estimated value of $3.1 Billion by 2027.

What is the forecasted size of the Global Market for Contact Lenses Cleaning Solutions?

The Global Market for Contact Lenses Cleaning Solutions is estimated to be worth $3.1 Billion by 2027.

Who are the key companies in the Global Market for Contact Lenses Cleaning Solutions?

Key companies in the Global Market for Contact Lenses Cleaning Solutions include Alcon Laboratories, Inc., Allergan (A Company of AbbVie), Bausch & Lomb, Incorporated, CLB VISION, CooperVision, Inc., FreshKon and Menicon Co., Ltd..
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • Alcon Laboratories, Inc.
  • CLB VISION
  • CooperVision, Inc.
  • FreshKon
  • Menicon Co., Ltd.

I. METHODOLOGY


II. EXECUTIVE SUMMARY

1. MARKET OVERVIEW

  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • US Contact Lens Purchases % Growth: January 2020-15June 2020
  • Trend in New Patient Bookings for Eye Examinations in the US: January 2020-15 June 2020
  • Studies Investigate the Efficacy of Contact Lens Solutions to Disinfect SARS-CoV-2
  • Contact Lens Solutions: An Introduction
  • Market Outlook
  • Multi-Purpose Solutions Account for Major Share, while Hydrogen Peroxide Solutions to Report Improved Growth
  • Asia-Pacific to Contribute to Future Growth
  • Increasing Adoption of Daily Disposable Contact Lenses Weaken Sales Momentum
  • Global Soft Lenses Market: Percentage Breakdown of Modality by Region for 2020
  • Summary of Major Lens Types
  • Expanding Wearer Base for Contact Lenses to Augment Growth
  • Penetration of Contact Lenses in Select Countries/Regions: 2019E
  • Breakdown of Contact Lens Users by Gender: 2020E
  • World Population by Age Group
  • Recent Market Activity
  • Competition
  • Market Share of Leading Players in the Global Contact Lens Solutions Market:L 2020E
  • World Brands
  • Contact Lens Solutions - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)

2. FOCUS ON SELECT PLAYERS

3. MARKET TRENDS & DRIVERS

  • New Formulations to Drive Growth
  • Companies Focus on New Solutions to Alleviate Contact Lens Discomfort
  • New Preservatives and Solutions to Address Sensitivity Issues
  • Select Contact Lens Solutions and Their Constituents
  • Hydrogen Peroxide-based Solutions Gain Preference Owing to their Higher Disinfection Capability
  • Rise in Myopic Population to Drive Growth
  • Global World Population with Myopia and High Myopia (in Million): 2000, 2010, 2020, and 2030
  • eCommerce and mCommerce Drive Growth Avenues for Contact Lens and Solution Companies
  • Urbanization and Improved Middle Class Spending: Megatrends with Significant Implications for Contact Lenses and Solutions Market
  • Total Population Worldwide by Urban and Rural Population in Thousands: 1950-2050
  • Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035

4. GLOBAL MARKET PERSPECTIVE


III. MARKET ANALYSIS

UNITED STATES

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Market Analytics
  • Market Overview
  • Multi-purpose Solutions Dominate the Lens Care Market
  • Daily-Contact Lenses Reports Strong Growth
  • Rise in Adoption of Silicone Hydrogels
  • Competition
  • US Contact Lens Care Solutions Market 2020E: Percentage Breakdown of Sales by Company

CANADA

  • Market Overview

JAPAN

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Market Overview
  • Market Analytics

CHINA

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
  • Market Overview
  • Market Analytics

EUROPE

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
  • Market Analytics
  • Market Overview
  • Contact Lens Wearer Base
  • Contact Lens Market in Europe (2019): Percentage Penetration of Contact lens (as % of total population of 15 to 64 years of age) by Country

FRANCE

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)

GERMANY

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)

ITALY

UNITED KINGDOM

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)

SPAIN


RUSSIA


REST OF EUROPE

ASIA-PACIFIC

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
  • Market Overview

AUSTRALIA

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Australia for 2022 (E)

INDIA

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in India for 2022 (E)
  • Market Overview

SOUTH KOREA


REST OF ASIA-PACIFIC

LATIN AMERICA

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Latin America for 2022 (E)

ARGENTINA


BRAZIL


MEXICO


REST OF LATIN AMERICA

MIDDLE EAST

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Middle East for 2022 (E)

IRAN


ISRAEL


SAUDI ARABIA


UNITED ARAB EMIRATES


REST OF MIDDLE EAST

AFRICA

  • Contact Lens Solutions Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Africa for 2022 (E)

IV. COMPETITION

  • Total Companies Profiled: 53
Note: Product cover images may vary from those shown

A selection of companies mentioned in this report includes:

  • Alcon Laboratories, Inc.
  • Allergan (A Company of AbbVie)
  • Bausch & Lomb, Incorporated
  • CLB VISION
  • CooperVision, Inc.
  • FreshKon
  • Johnson & Johnson Vision Care, Inc.
  • Menicon Co., Ltd.
Note: Product cover images may vary from those shown