Global Contact Lens Solution Market Overview:
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. Some of the players profiled in the study 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).
On the basis of geography, the market of Contact Lens 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 End, the sub-segment i.e. Hospital will boost the Contact Lens Solution market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Rising Prevalence of Eye Infections
- Growing Awareness about Antibacterial Properties of Contact Lens Solution
Influencing Trend
- Increasing Use of Sodium Hyaluronate in Contact Lens Solution
- Emphasizing On Development of One Size Fits All Lens
- Increasing Customer Preference for Contact Lenses
Restraints
- Stringent Government Regulations Regarding Drug Manufacturing
- Lack of Awareness in Developing Countries
Opportunities
- Growing Healthcare Infrastructure in Emerging Economies
- Technological Advancement in Ophthalmic Products
Challenges
- Allergies May Cause Due To Ingredient in Contact Lens Solution
Key Market Developments:
“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.”
Target Audience:
Contact Lens Solution Manufacturer, Contact Lens Solution Distributors, and Suppliers, Government Organizations, Research Organizations and Consulting Firms, Trade Associations and Industry Bodies and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Contact Lens Solution market on the basis of product [Multipurpose Solution, Hydrogen Peroxide-Based Solution and Others] , application [Rinsing, Storing, Cleaning, Disinfectant and Others], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Contact Lens Solution market with respect to major geographies, namely, 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)
To strategically profile the key players and analyzing their market shares and core competencies in the Contact Lens Solution industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are STAAR Surgical (United States), SynergEyes (United States) and Essilor (France).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Contact Lens Solution market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. 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, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.