Contact Lens Solution Market by Volume Channel (120mL, 360mL, 480mL), Material (Gas Permeable Lens, Hybrid Lens, Silicone Hydrogel Lens), Product, Distribution Channel - Global Forecast 2023-2030
The Contact Lens Solution Market is projected to reach USD 3.17 billion by 2030 from USD 1.45 billion in 2022, at a CAGR of 10.26% during the forecast period.
Market Segmentation & Coverage:
This research report analyzes various sub-markets, forecasts revenues, and examines emerging trends in each category to provide a comprehensive outlook on the Contact Lens Solution Market.
- Based on Volume Channel, market is studied across 120mL, 360mL, and 480mL. The 360mL commanded largest market share of 46.46% in 2022, followed by 480mL.
- Based on Material, market is studied across Gas Permeable Lens, Hybrid Lens, and Silicone Hydrogel Lens. The Hybrid Lens commanded largest market share of 34.37% in 2022, followed by Silicone Hydrogel Lens.
- Based on Product, market is studied across Hydrogen Peroxide-Based Solution, Multipurpose Solution, and Rigid Gas permeable solution. The Multipurpose Solution commanded largest market share of 41.17% in 2022, followed by Rigid Gas permeable solution.
- Based on Distribution Channel, market is studied across E-commerce, Optical Shop & Eye Care Practitioner, and Retail. The Optical Shop & Eye Care Practitioner commanded largest market share of 49.67% in 2022, followed by Retail.
- Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Americas commanded largest market share of 38.72% in 2022, followed by Europe, Middle East & Africa.
The report provides market sizing and forecasts across 7 major currencies - USD, EUR, JPY, GBP, AUD, CAD, and CHF; multiple currency support helps organization leaders to make well-informed decisions. In this report, 2018 to 2021 are considered as historical years, 2022 is base year, 2023 is estimated year, and years from 2024 to 2030 are considered as forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix is an indispensable tool for assessing the Contact Lens Solution Market. It comprehensively evaluates vendors, analyzing key metrics related to Business Strategy and Product Satisfaction. This enables users to make informed decisions tailored to their specific needs. Through advanced analysis, vendors are categorized into four distinct quadrants, each representing a different level of success: Forefront (F), Pathfinder (P), Niche (N), or Vital (V). Be assured that this insightful framework empowers decision-makers to navigate the market with confidence.
Market Share Analysis:
The Market Share Analysis offers invaluable insights into the vendor landscape Contact Lens Solution Market. By evaluating their impact on overall revenue, customer base, and other key metrics, we provide companies with a comprehensive understanding of their performance and the competitive environment they confront. This analysis also uncovers the level of competition in terms of market share acquisition, fragmentation, dominance, and industry consolidation during the study period.
Key Company Profiles:
The report delves into recent significant developments in the Contact Lens Solution Market, highlighting leading vendors and their innovative profiles. These include Abbvie Inc., Alcon Inc., Aqualens, Avizor, S.A., Bausch Health Companies Inc., Bruno Farmaceutici SpA, Carl Zeiss AG, Clear Conscience, LLC, CONSOL AB, Contamac Ltd., Disop, Finnsusp Oy, Hopewell-Lambertville Eye Associates, Horizon Santé, Hoya Corporation, Johnson & Johnson Vision Care, Inc., Lobob Labs, Inc., Menicon Co., Ltd., Oculus Private Limited, Ophtecs Corporation, oté pharma, Schalcon S.p.A., Specsavers Optical Group Ltd, Swati Group AB, and The LifeStyle Company, Inc..
The report offers valuable insights on the following aspects:
- Market Penetration: It provides comprehensive information about key players' market dynamics and offerings.
- Market Development: In-depth analysis of emerging markets and penetration across mature market segments, highlighting lucrative opportunities.
- Market Diversification: Detailed information about new product launches, untapped geographies, recent developments, and investments.
- Competitive Assessment & Intelligence: Exhaustive assessment of market shares, strategies, products, certifications, regulatory approvals, patent landscape, and manufacturing capabilities of leading players.
- Product Development & Innovation: Intelligent insights on future technologies, R&D activities, and breakthrough product developments.
- What is the market size and forecast for the Contact Lens Solution Market?
- Which products, segments, applications, and areas hold the highest investment potential in the Contact Lens Solution Market?
- What is the competitive strategic window for identifying opportunities in the Contact Lens Solution Market?
- What are the latest technology trends and regulatory frameworks in the Contact Lens Solution Market?
- What is the market share of the leading vendors in the Contact Lens Solution Market?
- Which modes and strategic moves are suitable for entering the Contact Lens Solution Market?
Please Note: PDF & Excel + Online Access - 1 Year
- 1. Preface
- 1.1. Objectives of the Study
- 1.2. Market Segmentation & Coverage
- 1.3. Years Considered for the Study
- 1.4. Currency & Pricing
- 1.5. Language
- 1.6. Limitations
- 1.7. Assumptions
- 1.8. Stakeholders
- 2. Research Methodology
- 2.1. Define: Research Objective
- 2.2. Determine: Research Design
- 2.3. Prepare: Research Instrument
- 2.4. Collect: Data Source
- 2.5. Analyze: Data Interpretation
- 2.6. Formulate: Data Verification
- 2.7. Publish: Research Report
- 2.8. Repeat: Report Update
- 3. Executive Summary
- 4. Market Overview
- 4.1. Introduction
- 4.2. Contact Lens Solution Market, by Region
- 5. Market Insights
- 5.1. Market Dynamics
- 5.1.1. Drivers
- 5.1.1.1. Increasing the burden of myopia, hypermetropia, and other eye-related disorders
- 5.1.1.2. Growing outdoor sports and recreation activities have increased the necessity for proper eye care
- 5.1.1.3. High consumption of hydrogen peroxide-based solution
- 5.1.2. Restraints
- 5.1.2.1. Lack of awareness regarding the contact lens solutions and usage
- 5.1.3. Opportunities
- 5.1.3.1. Rising innovations and development of new contact lenses & solutions
- 5.1.3.2. Increasing number of clinical trials
- 5.1.4. Challenges
- 5.1.4.1. Allergy issues associated with contact lens solutions
- 5.2. Market Segmentation Analysis
- 5.3. Market Trend Analysis
- 5.3.1. Mature contact lens utility landscape and introduction of new age solutions for next-generation contact lenses in the Americas
- 5.3.2. Shifting preference for contact lenses and high regional production capacity of contact lens care products in the APAC
- 5.3.3. Persistent commercialization of contact lens solutions in EMEA in support of strong international brands
- 5.4. Cumulative Impact of COVID-19
- 5.5. Cumulative Impact of Russia-Ukraine Conflict
- 5.6. Cumulative Impact of High Inflation
- 5.7. Porter’s Five Forces Analysis
- 5.7.1. Threat of New Entrants
- 5.7.2. Threat of Substitutes
- 5.7.3. Bargaining Power of Customers
- 5.7.4. Bargaining Power of Suppliers
- 5.7.5. Industry Rivalry
- 5.8. Value Chain & Critical Path Analysis
- 5.9. Regulatory Framework
- 5.10. Client Customization
- 6. Contact Lens Solution Market, by Volume Channel
- 6.1. Introduction
- 6.2. 120mL
- 6.3. 360mL
- 6.4. 480mL
- 7. Contact Lens Solution Market, by Material
- 7.1. Introduction
- 7.2. Gas Permeable Lens
- 7.3. Hybrid Lens
- 7.4. Silicone Hydrogel Lens
- 8. Contact Lens Solution Market, by Product
- 8.1. Introduction
- 8.2. Hydrogen Peroxide-Based Solution
- 8.3. Multipurpose Solution
- 8.4. Rigid Gas permeable solution
- 9. Contact Lens Solution Market, by Distribution Channel
- 9.1. Introduction
- 9.2. E-commerce
- 9.3. Optical Shop & Eye Care Practitioner
- 9.4. Retail
- 10. Americas Contact Lens Solution Market
- 10.1. Introduction
- 10.2. Argentina
- 10.3. Brazil
- 10.4. Canada
- 10.5. Mexico
- 10.6. United States
- 11. Asia-Pacific Contact Lens Solution Market
- 11.1. Introduction
- 11.2. Australia
- 11.3. China
- 11.4. India
- 11.5. Indonesia
- 11.6. Japan
- 11.7. Malaysia
- 11.8. Philippines
- 11.9. Singapore
- 11.10. South Korea
- 11.11. Taiwan
- 11.12. Thailand
- 11.13. Vietnam
- 12. Europe, Middle East & Africa Contact Lens Solution Market
- 12.1. Introduction
- 12.2. Denmark
- 12.3. Egypt
- 12.4. Finland
- 12.5. France
- 12.6. Germany
- 12.7. Israel
- 12.8. Italy
- 12.9. Netherlands
- 12.10. Nigeria
- 12.11. Norway
- 12.12. Poland
- 12.13. Qatar
- 12.14. Russia
- 12.15. Saudi Arabia
- 12.16. South Africa
- 12.17. Spain
- 12.18. Sweden
- 12.19. Switzerland
- 12.20. Turkey
- 12.21. United Arab Emirates
- 12.22. United Kingdom
- 13. Competitive Landscape
- 13.1. FPNV Positioning Matrix
- 13.2. Market Share Analysis, By Key Player
- 13.3. Competitive Scenario Analysis, By Key Player
- 13.3.1. Merger & Acquisition
- 13.3.1.1. Nirma Group Acquires Eye Drop Maker Stericon Pharma
- 13.3.2. Agreement, Collaboration, & Partnership
- 13.3.2.1. NIDEK and HOYA Vision Care Enter Global Partnership
- 13.3.2.2. Bausch + Lomb and Sanoculis Announce Strategic Agreements Designed to Address Unmet Needs in Glaucoma
- 13.3.3. New Product Launch & Enhancement
- 13.3.3.1. Bausch + Lomb Launches Biotrue Hydration Boost Contact Lens Rehydrating Drops in the United States
- 13.3.3.2. Menicon Newly Releases the Soft Contact Lens Cleaning and Disinfecting Solution “epica Smart clean”
- 13.3.4. Investment & Funding
- 13.3.4.1. Japan Contact Lens Firm to Invest RM650m in Kulim
- 13.3.5. Award, Recognition, & Expansion
- 13.3.5.1. Bausch + Lomb Expands Eye-Care Portfolio with J&J's Blink
- 14. Competitive Portfolio
- 14.1. Key Company Profiles
- 14.1.1. Abbvie Inc.
- 14.1.2. Alcon Inc.
- 14.1.3. Aqualens
- 14.1.4. Avizor, S.A.
- 14.1.5. Bausch Health Companies Inc.
- 14.1.6. Bruno Farmaceutici SpA
- 14.1.7. Carl Zeiss AG
- 14.1.8. Clear Conscience, LLC
- 14.1.9. CONSOL AB
- 14.1.10. Contamac Ltd.
- 14.1.11. Disop
- 14.1.12. Finnsusp Oy
- 14.1.13. Hopewell-Lambertville Eye Associates
- 14.1.14. Horizon Santé
- 14.1.15. Hoya Corporation
- 14.1.16. Johnson & Johnson Vision Care, Inc.
- 14.1.17. Lobob Labs, Inc.
- 14.1.18. Menicon Co., Ltd.
- 14.1.19. Oculus Private Limited
- 14.1.20. Ophtecs Corporation
- 14.1.21. oté pharma
- 14.1.22. Schalcon S.p.A.
- 14.1.23. Specsavers Optical Group Ltd
- 14.1.24. Swati Group AB
- 14.1.25. The LifeStyle Company, Inc.
- 14.2. Key Product Portfolio
- 15. Appendix
- 15.1. Discussion Guide
- 15.2. License & Pricing
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