Contact cleaner

Global contact lens solutions industry expected to reach $ 3.1 billion by 2027 – ResearchAndMarkets.com

By Willie S. Morrissey

DUBLIN – (COMMERCIAL THREAD) – “Contact Lens Solutions – Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com offer.

Amid COVID-19 crisis, global contact lens cleaning solutions market estimated at US $ 2.5 billion in 2020 is expected to reach revised size of US $ 3.1 billion by 2027, with a CAGR of 3.2% over the period 2020-2027.

Multi Purpose, one of the segments analyzed in the report, is expected to register a CAGR of 2.9% and reach $ 2.2 billion by the end of the analysis period. After an initial analysis of the business implications of the pandemic and the induced economic crisis, the growth of the hydrogen peroxide-based segment is readjusted to a revised CAGR of 3.8% for the next 7-year period.

The US market is estimated at $ 866.3 million, while China is expected to grow at 4.2% CAGR

The contact lens cleaning solutions market in the United States is estimated at US $ 866.3 million in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 290.7 million d ‘by 2027, behind a CAGR of 4.2% over the analysis period 2020 to 2027.

Other notable geographic markets include Japan and Canada, each forecasting growth of 2.4% and 2.7% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 2.6% CAGR.

Selected Competitors (Total 53 featured) –

  • Alcon Laboratories, Inc.

  • Allergan (an AbbVie company)

  • Bausch & Lomb, Incorporated

  • VISION CLB

  • CooperVision, Inc.

  • FreshKon

  • Johnson & Johnson Vision Care, Inc.

  • Menicon Co., Ltd.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global market trajectories

  • Impact of Covid-19 and an impending global recession

  • Studies Investigate Effectiveness of Contact Lens Solutions to Disinfect SARS-CoV-2

  • Contact lens solutions: an introduction

  • Market outlook

  • Multipurpose solutions account for a large share, while hydrogen peroxide solutions show improved growth

  • Asia-Pacific will contribute to future growth

  • Growing adoption of daily disposable contact lenses weakens sales momentum

  • Summary of the main types of lenses

  • Widen the base of contact lens wearers to increase growth

  • Recent market activity

  • Competetion

  • Brands of the world

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

  • New formulations to stimulate growth

  • Companies focus on new solutions to ease contact lens discomfort

  • New preservatives and solutions to solve sensitivity problems

  • Select contact lens solutions and their components

  • Hydrogen peroxide solutions are gaining in preference due to their higher disinfection capacity

  • Increase in myopic population to stimulate growth

  • World population of the world with myopia and high myopia (in millions): 2000, 2010, 2020 and 2030

  • E-commerce and mobile commerce are driving growth for contact lens and solution businesses

  • Urbanization and improving middle-class spending: megatrends with important implications for the contact lens and solutions market

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report visit https://www.researchandmarkets.com/r/wis74l

Willie S. Morrissey
You might also like More from author

Comments are closed.