NEW YORK, Sept. 29, 2022 /PRNewswire/ -- The contact lens solutions market size is expected to grow by USD 398.57 million from 2021 to 2026. Technavio's latest report estimates that the growth momentum of the market will accelerate at a CAGR of 3.18% during the forecast period. The increased preference for contact lenses over spectacles is driving the contact lens solutions market growth. However, factors such as low awareness may challenge market growth.
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Contact Lens Solutions Market 2022-2026: Segmentation
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Contact Lens Solutions Market 2022-2026: Revenue-generating Distribution Channel Segment
The retail stores segment will be the largest contributor to market growth during the forecast period. Some of the leading vendors, such as Menicon, The Cooper Companies, Novartis, and Valeant, are selling products such as contact lens solutions through retail stores. They are also generating awareness about the products on online platforms. Retail stores have a wide range of contact lens solutions in dedicated sections, which enables individual buyers to compare different brands.
Contact Lens Solutions Market 2022-2026: Vendor Analysis and Scope
To help businesses improve their market position, Technavio's report provides a detailed analysis of around 25 vendors operating in the market. Some of the major vendors of the contact lens solutions market include Bausch Health Co Inc, CLEAR CONSCIENCE LLC, Eye Care Solutions, HOYA Corp., Johnson and Johnson, Menicon Co. Ltd., Novartis AG, Oculus Pvt. Ltd., The Cooper Companies Inc., Alcon Inc., Carl Zeiss AG, Dealskart Online Services Pvt. Ltd., GlobalBees Brands Pvt. Ltd, and Palmist Healthcare Pvt Ltd. The key offerings of some of these vendors are listed below:
Bausch Health Co Inc - The company offers contact lenses under the brand of Clear Care Plus Solutions.
CLEAR CONSCIENCE LLC - The company offers BioTrue eye solution, which is pH balanced to match healthy tears and 20-hour moisture retention under its subsidiary Bausch and Lomb India Ltd.
HOYA Corp. - The company offers Clear Conscience Multi Purpose Contact Lens Solution, a sterile, isotonic solution for daily cleaning, rinsing, disinfecting, and removing protein.
Menicon Co. Ltd. - The company offers Eyeye Saline, which is an isotonic saline solution for use with soft, RGP, and Ortho-K contact lenses.
Oculus Pvt. Ltd. - The company offers Simple One, which is a cleaning and preservation solution that can be used for cleaning, preservation, and protein removal.
The report also covers the following areas:
Contact Lens Solutions Market 2022-2026: Key Highlights
CAGR of the market during the forecast period 2022-2026
Detailed information on factors that will assist contact lens solutions market growth during the next five years
Estimation of the contact lens solutions market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the contact lens solutions market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of contact lens solutions market vendors
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Contact Lens Solutions Market Scope
Growth momentum & CAGR
Accelerate at a CAGR of 3.18%
Market growth 2022-2026
USD 398.57 million
YoY growth (%)
North America, Europe, APAC, South America, and Middle East and Africa
Performing market contribution
APAC at 38%
Key consumer countries
US, China, UK, Germany, and France
Leading companies, competitive strategies, consumer engagement scope
Bausch Health Co Inc, CLEAR CONSCIENCE LLC, Eye Care Solutions, HOYA Corp., Johnson and Johnson, Menicon Co. Ltd., Novartis AG, Oculus Pvt. Ltd., The Cooper Companies Inc., Alcon Inc., Carl Zeiss AG, Dealskart Online Services Pvt. Ltd., GlobalBees Brands Pvt. Ltd, and Palmist Healthcare Pvt Ltd
Parent market analysis, market growth inducers and obstacles, fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period
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Table of Contents
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
4.1 Five forces summary
4.2 Bargaining power of buyers
4.3 Bargaining power of suppliers
4.4 Threat of new entrants
4.5 Threat of substitutes
4.6 Threat of rivalry
4.7 Market condition
5 Market Segmentation by Distribution Channel
5.1 Market segments
5.2 Comparison by Distribution Channel
5.3 Retail stores - Market size and forecast 2021-2026
5.4 Online stores - Market size and forecast 2021-2026
5.5 Market opportunity by Distribution Channel
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
7.1 Geographic segmentation
7.2 Geographic comparison
7.3 North America - Market size and forecast 2021-2026
7.4 Europe - Market size and forecast 2021-2026
7.5 APAC - Market size and forecast 2021-2026
7.6 South America - Market size and forecast 2021-2026
7.7 Middle East and Africa - Market size and forecast 2021-2026
7.8 US - Market size and forecast 2021-2026
7.9 China - Market size and forecast 2021-2026
7.10 UK - Market size and forecast 2021-2026
7.11 France - Market size and forecast 2021-2026
7.12 Germany - Market size and forecast 2021-2026
7.13 Market opportunity by geography
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
10.1 Vendors covered
10.2 Market positioning of vendors
10.3 Alcon Inc.
10.4 Bausch Health Co Inc
10.5 CLEAR CONSCIENCE LLC
10.6 Eye Care Solutions
10.7 HOYA Corp.
10.8 Johnson and Johnson
10.9 Menicon Co. Ltd.
10.10 Novartis AG
10.11 Oculus Pvt. Ltd.
10.12 The Cooper Companies Inc.
11.1 Scope of the report
11.2 Inclusions and exclusions checklist
11.3 Currency conversion rates for US$
11.4 Research methodology
11.5 List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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