Contact lens solution are useful for disinfecting, cleaning and storing the contacts. Other than the broadly used multipurpose and hydrogen peroxide-based solution, some other liquids such as daily cleaners, saline and enzymatic protein removers, amongst others are also utilized for numerous singular applications, including disinfecting and cleaning. Acceptance of contact lenses has augmented substantially owing to the rising demand for a comfortable substitute to eyeglasses. This, in turn, is anticipated to drive the product demand in near future.
MARKET DYNAMICS
Increasing popularity of natural and antimicrobial contact lenses is an emerging trend in the contact lens solutions market, which is anticipated to carter the market growth of contact lens solutions. Latest introduction and rising demand for antimicrobial coating on the surface of contact lenses to minimize the chances of an infection is creating lucreative opportunities for the manufacturers. Increase in the number of contact lens wearers, particularly across the developing countries is antiicipated to drive the market growth.
MARKET SCOPE
The "Global Contact Lens Solution Market Analysis to 2031" is a specialized and in-depth study of the chemicals and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the contact lens solution with detailed market segmentation by type, material and distribution channel. The global contact lens solution market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading contact lens solution market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global contact lens solution market is segmented on the basis of type into multi-purpose, hydrogen peroxide-based. On the basis of material the contact lens solution market is segmented into gas permeable lens, silicone hydrogel lens, hybrid lens. Moreover, on the basis of distribution channel the market has been segmented into e-commerce, eye care practitioners, retail.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global contact lens solution market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contact lens solution market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the contact lens solution market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the contact lens solution market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global contact lens solution market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The contact lens solution market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the contact lens solution market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the contact lens solution market in these regions.
MARKET PLAYERS
The reports cover key developments in the contact lens solution market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market players from contact lens solution market are anticipated to lucrative growth opportunities in the future with the rising demand for contact lens solution in the global market. Below mentioned is the list of few companies engaged in the contact lens solution market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the contact lens solution market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
- Alcon Laboratories, Inc.
- Allergan
- Bausch & Lomb, Incorporated
- Ciba Vision
- CLB VISION
- CooperVision, Inc.
- FreshKon
- INTEROJO Co. Ltd.
- Johnson & Johnson Vision Care, Inc.
- Menicon Co., Ltd.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3.MARKET SEGMENTATION
1.3.1Contact Lens Solution - By Type
1.3.2Contact Lens Solution - By Material
1.3.3Contact Lens Solution - By Distribution Channel
1.3.4Contact Lens Solution - By Region
1.3.4.1By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4.CONTACT LENS SOLUTION LANDSCAPE
4.1.OVERVIEW
4.2.PEST ANALYSIS
4.2.1North America - Pest Analysis
4.2.2Europe - Pest Analysis
4.2.3Asia-Pacific - Pest Analysis
4.2.4Middle East and Africa - Pest Analysis
4.2.5South and Central America - Pest Analysis
4.3.EXPERT OPINIONS
5.CONTACT LENS SOLUTION - KEY MARKET DYNAMICS
5.1.KEY MARKET DRIVERS
5.2.KEY MARKET RESTRAINTS
5.3.KEY MARKET OPPORTUNITIES
5.4.FUTURE TRENDS
5.5.IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6.CONTACT LENS SOLUTION - GLOBAL MARKET ANALYSIS
6.1.CONTACT LENS SOLUTION - GLOBAL MARKET OVERVIEW
6.2.CONTACT LENS SOLUTION - GLOBAL MARKET AND FORECAST TO 2028
6.3.MARKET POSITIONING/MARKET SHARE
7.CONTACT LENS SOLUTION - REVENUE AND FORECASTS TO 2028 - TYPE
7.1.OVERVIEW
7.2.TYPE MARKET FORECASTS AND ANALYSIS
7.3.MULTI-PURPOSE
7.3.1.Overview
7.3.2.Multi-purpose Market Forecast and Analysis
7.4.HYDROGEN PEROXIDE-BASED
7.4.1.Overview
7.4.2.Hydrogen peroxide-based Market Forecast and Analysis
8.CONTACT LENS SOLUTION - REVENUE AND FORECASTS TO 2028 - MATERIAL
8.1.OVERVIEW
8.2.MATERIAL MARKET FORECASTS AND ANALYSIS
8.3.GAS PERMEABLE LENS
8.3.1.Overview
8.3.2.Gas Permeable Lens Market Forecast and Analysis
8.4.SILICONE HYDROGEL LENS
8.4.1.Overview
8.4.2.Silicone Hydrogel Lens Market Forecast and Analysis
8.5.HYBRID LENS
8.5.1.Overview
8.5.2.Hybrid Lens Market Forecast and Analysis
9.CONTACT LENS SOLUTION - REVENUE AND FORECASTS TO 2028 - DISTRIBUTION CHANNEL
9.1.OVERVIEW
9.2.DISTRIBUTION CHANNEL MARKET FORECASTS AND ANALYSIS
9.3.E-COMMERCE
9.3.1.Overview
9.3.2.E-commerce Market Forecast and Analysis
9.4.EYE CARE PRACTITIONERS
9.4.1.Overview
9.4.2.Eye Care Practitioners Market Forecast and Analysis
9.5.RETAIL
9.5.1.Overview
9.5.2.Retail Market Forecast and Analysis
10.CONTACT LENS SOLUTION REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1.NORTH AMERICA
10.1.1North America Contact Lens Solution Overview
10.1.2North America Contact Lens Solution Forecasts and Analysis
10.1.3North America Contact Lens Solution Forecasts and Analysis - By Type
10.1.4North America Contact Lens Solution Forecasts and Analysis - By Material
10.1.5North America Contact Lens Solution Forecasts and Analysis - By Distribution Channel
10.1.6North America Contact Lens Solution Forecasts and Analysis - By Countries
10.1.6.1United States Contact Lens Solution
10.1.6.1.1United States Contact Lens Solution by Type
10.1.6.1.2United States Contact Lens Solution by Material
10.1.6.1.3United States Contact Lens Solution by Distribution Channel
10.1.6.2Canada Contact Lens Solution
10.1.6.2.1Canada Contact Lens Solution by Type
10.1.6.2.2Canada Contact Lens Solution by Material
10.1.6.2.3Canada Contact Lens Solution by Distribution Channel
10.1.6.3Mexico Contact Lens Solution
10.1.6.3.1Mexico Contact Lens Solution by Type
10.1.6.3.2Mexico Contact Lens Solution by Material
10.1.6.3.3Mexico Contact Lens Solution by Distribution Channel
10.2.EUROPE
10.2.1Europe Contact Lens Solution Overview
10.2.2Europe Contact Lens Solution Forecasts and Analysis
10.2.3Europe Contact Lens Solution Forecasts and Analysis - By Type
10.2.4Europe Contact Lens Solution Forecasts and Analysis - By Material
10.2.5Europe Contact Lens Solution Forecasts and Analysis - By Distribution Channel
10.2.6Europe Contact Lens Solution Forecasts and Analysis - By Countries
10.2.6.1Germany Contact Lens Solution
10.2.6.1.1Germany Contact Lens Solution by Type
10.2.6.1.2Germany Contact Lens Solution by Material
10.2.6.1.3Germany Contact Lens Solution by Distribution Channel
10.2.6.2France Contact Lens Solution
10.2.6.2.1France Contact Lens Solution by Type
10.2.6.2.2France Contact Lens Solution by Material
10.2.6.2.3France Contact Lens Solution by Distribution Channel
10.2.6.3Italy Contact Lens Solution
10.2.6.3.1Italy Contact Lens Solution by Type
10.2.6.3.2Italy Contact Lens Solution by Material
10.2.6.3.3Italy Contact Lens Solution by Distribution Channel
10.2.6.4United Kingdom Contact Lens Solution
10.2.6.4.1United Kingdom Contact Lens Solution by Type
10.2.6.4.2United Kingdom Contact Lens Solution by Material
10.2.6.4.3United Kingdom Contact Lens Solution by Distribution Channel
10.2.6.5Russia Contact Lens Solution
10.2.6.5.1Russia Contact Lens Solution by Type
10.2.6.5.2Russia Contact Lens Solution by Material
10.2.6.5.3Russia Contact Lens Solution by Distribution Channel
10.2.6.6Rest of Europe Contact Lens Solution
10.2.6.6.1Rest of Europe Contact Lens Solution by Type
10.2.6.6.2Rest of Europe Contact Lens Solution by Material
10.2.6.6.3Rest of Europe Contact Lens Solution by Distribution Channel
10.3.ASIA-PACIFIC
10.3.1Asia-Pacific Contact Lens Solution Overview
10.3.2Asia-Pacific Contact Lens Solution Forecasts and Analysis
10.3.3Asia-Pacific Contact Lens Solution Forecasts and Analysis - By Type
10.3.4Asia-Pacific Contact Lens Solution Forecasts and Analysis - By Material
10.3.5Asia-Pacific Contact Lens Solution Forecasts and Analysis - By Distribution Channel
10.3.6Asia-Pacific Contact Lens Solution Forecasts and Analysis - By Countries
10.3.6.1Australia Contact Lens Solution
10.3.6.1.1Australia Contact Lens Solution by Type
10.3.6.1.2Australia Contact Lens Solution by Material
10.3.6.1.3Australia Contact Lens Solution by Distribution Channel
10.3.6.2China Contact Lens Solution
10.3.6.2.1China Contact Lens Solution by Type
10.3.6.2.2China Contact Lens Solution by Material
10.3.6.2.3China Contact Lens Solution by Distribution Channel
10.3.6.3India Contact Lens Solution
10.3.6.3.1India Contact Lens Solution by Type
10.3.6.3.2India Contact Lens Solution by Material
10.3.6.3.3India Contact Lens Solution by Distribution Channel
10.3.6.4Japan Contact Lens Solution
10.3.6.4.1Japan Contact Lens Solution by Type
10.3.6.4.2Japan Contact Lens Solution by Material
10.3.6.4.3Japan Contact Lens Solution by Distribution Channel
10.3.6.5South Korea Contact Lens Solution
10.3.6.5.1South Korea Contact Lens Solution by Type
10.3.6.5.2South Korea Contact Lens Solution by Material
10.3.6.5.3South Korea Contact Lens Solution by Distribution Channel
10.3.6.6Rest of Asia-Pacific Contact Lens Solution
10.3.6.6.1Rest of Asia-Pacific Contact Lens Solution by Type
10.3.6.6.2Rest of Asia-Pacific Contact Lens Solution by Material
10.3.6.6.3Rest of Asia-Pacific Contact Lens Solution by Distribution Channel
10.4.MIDDLE EAST AND AFRICA
10.4.1Middle East and Africa Contact Lens Solution Overview
10.4.2Middle East and Africa Contact Lens Solution Forecasts and Analysis
10.4.3Middle East and Africa Contact Lens Solution Forecasts and Analysis - By Type
10.4.4Middle East and Africa Contact Lens Solution Forecasts and Analysis - By Material
10.4.5Middle East and Africa Contact Lens Solution Forecasts and Analysis - By Distribution Channel
10.4.6Middle East and Africa Contact Lens Solution Forecasts and Analysis - By Countries
10.4.6.1South Africa Contact Lens Solution
10.4.6.1.1South Africa Contact Lens Solution by Type
10.4.6.1.2South Africa Contact Lens Solution by Material
10.4.6.1.3South Africa Contact Lens Solution by Distribution Channel
10.4.6.2Saudi Arabia Contact Lens Solution
10.4.6.2.1Saudi Arabia Contact Lens Solution by Type
10.4.6.2.2Saudi Arabia Contact Lens Solution by Material
10.4.6.2.3Saudi Arabia Contact Lens Solution by Distribution Channel
10.4.6.3U.A.E Contact Lens Solution
10.4.6.3.1U.A.E Contact Lens Solution by Type
10.4.6.3.2U.A.E Contact Lens Solution by Material
10.4.6.3.3U.A.E Contact Lens Solution by Distribution Channel
10.4.6.4Rest of Middle East and Africa Contact Lens Solution
10.4.6.4.1Rest of Middle East and Africa Contact Lens Solution by Type
10.4.6.4.2Rest of Middle East and Africa Contact Lens Solution by Material
10.4.6.4.3Rest of Middle East and Africa Contact Lens Solution by Distribution Channel
10.5.SOUTH AND CENTRAL AMERICA
10.5.1South and Central America Contact Lens Solution Overview
10.5.2South and Central America Contact Lens Solution Forecasts and Analysis
10.5.3South and Central America Contact Lens Solution Forecasts and Analysis - By Type
10.5.4South and Central America Contact Lens Solution Forecasts and Analysis - By Material
10.5.5South and Central America Contact Lens Solution Forecasts and Analysis - By Distribution Channel
10.5.6South and Central America Contact Lens Solution Forecasts and Analysis - By Countries
10.5.6.1Brazil Contact Lens Solution
10.5.6.1.1Brazil Contact Lens Solution by Type
10.5.6.1.2Brazil Contact Lens Solution by Material
10.5.6.1.3Brazil Contact Lens Solution by Distribution Channel
10.5.6.2Argentina Contact Lens Solution
10.5.6.2.1Argentina Contact Lens Solution by Type
10.5.6.2.2Argentina Contact Lens Solution by Material
10.5.6.2.3Argentina Contact Lens Solution by Distribution Channel
10.5.6.3Rest of South and Central America Contact Lens Solution
10.5.6.3.1Rest of South and Central America Contact Lens Solution by Type
10.5.6.3.2Rest of South and Central America Contact Lens Solution by Material
10.5.6.3.3Rest of South and Central America Contact Lens Solution by Distribution Channel
11.INDUSTRY LANDSCAPE
11.1.MERGERS AND ACQUISITIONS
11.2.AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3.NEW PRODUCT LAUNCHES
11.4.EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12.CONTACT LENS SOLUTION, KEY COMPANY PROFILES
12.1.ALCON LABORATORIES, INC.
12.1.1.Key Facts
12.1.2.Business Description
12.1.3.Products and Services
12.1.4.Financial Overview
12.1.5.SWOT Analysis
12.1.6.Key Developments
12.2.ALLERGAN
12.2.1.Key Facts
12.2.2.Business Description
12.2.3.Products and Services
12.2.4.Financial Overview
12.2.5.SWOT Analysis
12.2.6.Key Developments
12.3.BAUSCH AND LOMB, INCORPORATED
12.3.1.Key Facts
12.3.2.Business Description
12.3.3.Products and Services
12.3.4.Financial Overview
12.3.5.SWOT Analysis
12.3.6.Key Developments
12.4.CIBA VISION
12.4.1.Key Facts
12.4.2.Business Description
12.4.3.Products and Services
12.4.4.Financial Overview
12.4.5.SWOT Analysis
12.4.6.Key Developments
12.5.CLB VISION
12.5.1.Key Facts
12.5.2.Business Description
12.5.3.Products and Services
12.5.4.Financial Overview
12.5.5.SWOT Analysis
12.5.6.Key Developments
12.6.COOPERVISION, INC.
12.6.1.Key Facts
12.6.2.Business Description
12.6.3.Products and Services
12.6.4.Financial Overview
12.6.5.SWOT Analysis
12.6.6.Key Developments
12.7.FRESHKON
12.7.1.Key Facts
12.7.2.Business Description
12.7.3.Products and Services
12.7.4.Financial Overview
12.7.5.SWOT Analysis
12.7.6.Key Developments
12.8.INTEROJO CO. LTD.
12.8.1.Key Facts
12.8.2.Business Description
12.8.3.Products and Services
12.8.4.Financial Overview
12.8.5.SWOT Analysis
12.8.6.Key Developments
12.9.JOHNSON AND JOHNSON VISION CARE, INC.
12.9.1.Key Facts
12.9.2.Business Description
12.9.3.Products and Services
12.9.4.Financial Overview
12.9.5.SWOT Analysis
12.9.6.Key Developments
12.10.MENICON CO., LTD.
12.10.1.Key Facts
12.10.2.Business Description
12.10.3.Products and Services
12.10.4.Financial Overview
12.10.5.SWOT Analysis
12.10.6.Key Developments
13.APPENDIX
13.1.ABOUT THE INSIGHT PARTNERS
13.2.GLOSSARY OF TERMS
1. Alcon Laboratories, Inc.
2. Allergan
3. Bausch and Lomb, Incorporated
4. Ciba Vision
5. CLB VISION
6. CooperVision, Inc.
7. FreshKon
8. INTEROJO Co. Ltd.
9. Johnson and Johnson Vision Care, Inc.
10. Menicon Co., Ltd.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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