About Eye Care Solution
The eyecare solution consists of the cleaning solution for the eyewear as cleaning of the eyewear is very important with the regular use to keep eyes healthy. There is multifunction and hydrogen peroxide-based solution available, these can be used for soft lenses and hard lenses. The multipurpose solution is all in one car system to cleanse, rinse and disinfect before use for the proper functioning of the lenses. The hydrogen peroxide-based solution effectively disinfect the contact lenses if used properly, but they can little cumbersome to use
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.6% |
This competitive landscape empowers you to navigate the eye care solution market with clarity and make informed choices. Remember, healthy eyes are a precious gift, and choosing the right solution is key to maintaining clear vision and a bright future. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Alcon (Switzerland), Bosch Eyecare (Germany), Novartis AG (Switzerland), Bausch Health (United States), Allergan (Ireland), CooperVision (United States), Akorn, Inc. (United States), ZEISS Vision Care (Germany) and Visine (Johnson & Johnson Consumer Inc.) (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Avizor SA (Spain) and Hoya Corporation (Singapore).
Segmentation Overview
AMA Research has segmented the market of Global Eye Care Solution market by Type (Multipurpose Contact Lens Solution and Hydrogen Peroxide-based Solution), Application (Household, Eyecare Center and Clinics) and Region.
On the basis of geography, the market of Eye Care Solution has been segmented into 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). If we see Market by Packaging, the sub-segment i.e. 60ml will boost the Eye Care Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Sales Channel, the sub-segment i.e. Online Store will boost the Eye Care Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of All-in-one Eye-Care Solution and Technological Advancements in Eye Care Industry
Market Growth Drivers:
The Rising Number of Population around the World with Weak Eyesight, Shifting Preferences Towards Eyelenses and Changing Lifestyle of People is Increasing the Demand for Lenses and Specs
Challenges:
The Entry of Local Players in the Market with Cheaper Eyecare Solution and Safety Risks with Handling of Eyecare Solution
Restraints:
Regulatory Compliance with Eyecare Solution will Hamper the Market
Opportunities:
Continuous Research and Development in Eye Care Solutions and Increasing Investments of Many Consumer in Eye Care Solutions
Market Leaders and their expansionary development strategies
In September 2023, EssilorLuxottica partners with Google to integrate Smart Vision lenses (incorporating Google Assistant support) into Ray-Ban Stories smart glasses, enhancing accessibility and functionality.
In October 2023, Bausch + Lomb introduces Biotrue® ONEday Daily Contact Lenses with Blink Contacts® Technology, incorporating in-lens moisture channels for enhanced comfort and dryness relief.
"FDA is revising the guidance document that specifically addresses the labeling and directions for use of contact lens care products and solutions. Contact lens solution manufacturers should include a discard date on their products, in addition to the usual expiration date. Consumers should never use expired products. The discard date is the date the solution should be thrown out after opening. Based upon its general history and potential risk/benefit relationship, a product is placed in one of three classes: Class I general controls; Class II special controls; and Class III premarket approval. Class II and Class III devices are more rigorously tested and they require a higher level of FDA review prior to U.S. marketing."
Key Target Audience
Eye Care Solution Manufacturers, Eye Care Solution International Traders, Eye Care Solution Distributors and Suppliers, Research and Development Institutes, Potential Investors, Regulatory Bodies, Upstream and Downstream Buyers and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.