Dublin, March 21, 2023 (GLOBE NEWSWIRE) -- The "Contact Lens Solutions: Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
The global market for Contact Lenses Cleaning Solutions estimated at US$2.7 Billion in the year 2022, is projected to reach a revised size of US$3.5 Billion by 2030, growing at a CAGR of 3.6% over the analysis period 2022-2030.
Multi Purpose, one of the segments analyzed in the report, is projected to record 3.3% CAGR and reach US$2.5 Billion by the end of the analysis period.
Taking into account the ongoing post pandemic recovery, growth in the Hydrogen Peroxide-based segment is readjusted to a revised 4.3% CAGR for the next 8-year period.
The U.S. Market is Estimated at $916.4 Million, While China is Forecast to Grow at 4.6% CAGR
The Contact Lenses Cleaning Solutions market in the U.S. is estimated at US$916.4 Million in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$334 Million by the year 2030 trailing a CAGR of 4.6% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.8% and 3.2% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2.9% CAGR.
Select Competitors (Total 53 Featured) -
- Alcon Laboratories, Inc.
- Allergan (A Company of AbbVie)
- Bausch & Lomb, Incorporated
- CLB VISION
- CooperVision, Inc.
- FreshKon
- Johnson & Johnson Vision Care, Inc.
- Menicon Co., Ltd.
What`s New for 2023?
- Special coverage on Russia-Ukraine war; global inflation; easing of zero-Covid policy in China and its `bumpy` reopening; supply chain disruptions, global trade tensions; and risk of recession.
- Global competitiveness and key competitor percentage market shares
- Market presence across multiple geographies - Strong/Active/Niche/Trivial
- Online interactive peer-to-peer collaborative bespoke updates
- Access to digital archives and Research Platform
- Complimentary updates for one year
Key Attributes:
| Report Attribute | Details |
| No. of Pages | 367 |
| Forecast Period | 2022 - 2030 |
| Estimated Market Value (USD) in 2022 | $2.7 Billion |
| Forecasted Market Value (USD) by 2030 | $3.5 Billion |
| Compound Annual Growth Rate | 3.3% |
| Regions Covered | Global |
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
- Influencer Market Insights
- World Market Trajectories
- Impact of Covid-19 and a Looming Global Recession
- US Contact Lens Purchases % Growth: January 2020-15June 2020
- Trend in New Patient Bookings for Eye Examinations in the US: January 2020-15 June 2020
- Studies Investigate the Efficacy of Contact Lens Solutions to Disinfect SARS-CoV-2
- Contact Lens Solutions: An Introduction
- Market Outlook
- Multi-Purpose Solutions Account for Major Share, while Hydrogen Peroxide Solutions to Report Improved Growth
- Asia-Pacific to Contribute to Future Growth
- Increasing Adoption of Daily Disposable Contact Lenses Weaken Sales Momentum
- Global Soft Lenses Market: Percentage Breakdown of Modality by Region for 2020
- Summary of Major Lens Types
- Expanding Wearer Base for Contact Lenses to Augment Growth
- Penetration of Contact Lenses in Select Countries/Regions: 2019E
- Breakdown of Contact Lens Users by Gender: 2020E
- World Population by Age Group
- Recent Market Activity
- Competition
- Market Share of Leading Players in the Global Contact Lens Solutions Market:L 2020E
- World Brands
- Contact Lens Solutions - Global Key Competitors Percentage Market Share in 2021 (E)
- Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2021 (E)
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
- New Formulations to Drive Growth
- Companies Focus on New Solutions to Alleviate Contact Lens Discomfort
- New Preservatives and Solutions to Address Sensitivity Issues
- Select Contact Lens Solutions and Their Constituents
- Hydrogen Peroxide-based Solutions Gain Preference Owing to their Higher Disinfection Capability
- Rise in Myopic Population to Drive Growth
- Global World Population with Myopia and High Myopia (in Million): 2000, 2010, 2020, and 2030
- eCommerce and mCommerce Drive Growth Avenues for Contact Lens and Solution Companies
- Urbanization and Improved Middle Class Spending: Megatrends with Significant Implications for Contact Lenses and Solutions Market
- Total Population Worldwide by Urban and Rural Population in Thousands: 1950-2050
- Global Middle Class Population (in Millions) and as a Percentage of Total Population: 2005, 2015, 2025 & 2035
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/i9ol91
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