Market Highlights: Contact lens solution is a pH-balanced saltwater solution used to rinse off lenses. It prevents lenses from dehydration. The increasing number of patients with eye disorder and the rising popularity of contact lenses supplementing the growth of contact lens solution market. According to the American Optometric Association, 45 million people in the United States wear contact lenses which is supplementing the growth of contact lens solution market. Further, rising investment on healthcare infrastructure in emerging economies and technological development to produce advance contact lens solution such as Sodium hyaluronate solution which soothes and lubricate the surface of eye expected to drive the contact lens market over the forecasted period. The market study is being classified by Type (Multipurpose Solution, Hydrogen Peroxide-Based Solution and Others), by Application (Rinsing, Storing, Cleaning, Disinfectant and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Key Players: The prominent players in the Contact Lens Solution are Menicon (Japan), Novartis AG (United States), The Cooper Companies (United States), Bausch Health (Japan), Ginko International Co. Ltd. (China), St.Shine Optical Co. Ltd. (Taiwan), Johnson & Johnson Vision Care Inc. (United States), Bausch & Lomb Incorporated (United States), Abbott Medical Optics Inc. (United States), Alcon Inc. (United States), Hoya Corporation (Japan) and CooperVision Inc. (United States).
“The United States Food and Drug Administration has set some guideline regarding use of contact lens such as removal of lenses immediately and consult your eye care professional if your eyes become red, irritated, and vision changes, follow the directions of your eye care professional and all labeling instruction for proper use of contact lenses and lens care products, do not use contact lens solutions that have gone beyond the expiration or discard date because incorrect care of contact lens solutions can increase your risk of eye infections and corneal ulcers.”
Key Questions Answered in the Report What will the Contact Lens Solution Market size and the growth rate be in Future? What are the key factors driving the Contact Lens Solution Market? What are the key market trends and macro-economic impacting the growth of the Contact Lens Solution Market? What are the challenges to market growth? Who are the key vendors in the Contact Lens Solution Market? What are the market opportunities and threats faced by the vendors in the Contact Lens Solution Market? Trending factors influencing the market shares of the Vendors. What are the key outcomes of the five forces analysis of the Contact Lens Solution Market?
Research Methodology: The top-down and bottom-up approaches are used to estimate and validate the size of the Global Contact Lens Solution market. In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Contact Lens Solution market. In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc. Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Contact Lens Solution Manufacturer, Contact Lens Solution Distributors, and Suppliers, Government Organizations, Research Organizations and Consulting Firms, Trade Associations and Industry Bodies and Others. This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth etc. Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases etc.