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Worldwide contact lens solution demand is currently valued at around US$ 3 billion. The global contact lens solutions market is anticipated to expand at a CAGR of 3% to reach US$ 3.4 billion by 2026.
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Copyright © Fact.MR All Rights Reserved Contact Lens Solutions Market Analysis By Solution (Multi-purpose & Hydrogen Peroxide-based Contact Lens Solutions), – Global Market Insights 2022 to 2026 1
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Research Methodology Systematic Research Approach 1 In-depth secondary research is used to ascertain overall market size, top industry players, top products, industry associations, etc. Research & Intelligence Data Collection Data Filter & Analysis Actionable Insights Business Solution Market profiling 2 FMR formulates a detailed discussion guide to conduct expert and industry interviews Identifying key opinion leaders Questionnaire design In-depth interviews Coverage across value chain Formulating discussion guide 3 A FMR develops a list of industry players (manufacturers), distributors, retailers and industry experts Primary Research Key industry experts Channel study Developments Market dynamics Products Conclusions Developing list of respondents B 4 FMR conducts interviews with industry experts, industry players, distributors and retailers SOLUTION Desk Research Data collection Market participants Key strengths Product portfolio Mapping as per value chain Key focus segments C Company Analysis Data is validated by triangulation method, wherein secondary, primary and FMR analysis contribute to the final data 5 Data validation 6 Data is scrutinized using MS-Excel to obtain qualitative and quantitative insights about the industry Data analysis Primary Research# Secondary Research # Paid Publications# Linkedin Zoominfo Salesforce Avention Company websites Company annual reports White papers Financial reports Factiva GBI Genios Meltwater 7 FMR delivers industry insights and information in the required format (PDF) Insights Copyright © Fact.MR All Rights Reserved 3
Report Scope & Segmentation By Solution: Region • North America • Latin America • Europe • South East Asia & Pacific • China • India • Middle East & Africa • Multi-purpose • Hydrogen Peroxide-based Worldwide contact lens solution demand is currently valued at around US$ 3 billion. The global contact lens solutions market is anticipated to expand at a CAGR of 3% to reach US$ 3.4 billion by 2026. By Distribution Channel: • Retail • Eye Care Professionals • Online • Others Contact Lens Solutions Multi-purpose contact lens solutions, one of the segments analysed in the contact lens solutions report, is also expected to evolve at a CAGR of 3% and reach a market valuation of around US$ 2 billion. Report Scope Glass lenses have so far been employed in a variety of applications. But because they are fragile and likely to degrade quickly, plastic lenses have evolved and become more popular. In respect of UV protection, durability, and safety for use during sporting events or other strenuous activities where the lens is prone to break, plastic lenses have significant advantages over glass lenses. Thus, the above factors are boosting the plastic lens market growth. Copyright © Fact.MR All Rights Reserved 4
Key Takeaways Key Takeaways • The two types of contact lens solutions are hydrogen peroxide-based and multi-purpose solutions. For several reasons, hydrogen peroxide contact solutions are preferred over multi- purpose contact lens solutions as a contact lens solution. The contacts must be cleaned, rinsed, disinfected, and stored using a single solution for multiple tasks. The United States is considered a lucrative market for contact lens solutions and is valued at US$ 916 million, in 2022. • • • “Key manufacturers are increasingly foraying into the Contact Lens Solutions segment, incorporating materials as bamboo to address the problem of obsolete filter disposal, opening up new growth streams,” says a Fact.MR analyst. Get To Know More About The Market 5
Competitive Landscape Contact Lens Solutions Market Players Alcon Laboratories, Inc. Allergan plc Bausch & Lomb Incorporated CooperVision, Inc. Johnson & Johnson FreshKon Menicon Co., Ltd. CLB VISION Request For Sample Report Copyright © Fact.MR All Rights Reserved 6
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