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Global Contact Lens Solutions Market 2018-2022

Global Contact Lens Solutions Market 2018-2022

About Contact Lens Solution

A contact lens solution is a liquid used to store and disinfect contact lenses after use. It helps maintain the quality of the lenses.

Technavio’s analysts forecast the global contact lens solutions market to grow at a CAGR of 9.45% during the period 2018-2022.

Covered in this report

The report covers the present scenario and the growth prospects of the global contact lens solutions market for 2018-2022. To calculate the market size, the report considers the revenues generated from the sales of contact lens solutions.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Contact Lens Solutions Market 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Menicon
  • Novartis
  • The Cooper Companies
  • Valeant
Market driver
  • Increased preference for contact lenses over spectacles
  • For a full, detailed list, view our report
Market challenge
  • Low awareness
  • For a full, detailed list, view our report
Market trend
  • High brand loyalty
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2022 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Contact Lens Solutions Market 2018-2022

Technavio recognizes the following companies as the key players in the global contact lens solutions market: Menicon, Novartis, The Cooper Companies, and Valeant.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is rise in High brand loyalty. Consumer brand loyalty is a significant factor in the dominance of brands in the global contact lens solutions market. The sense of reliability and effectiveness increases the brand loyalty among users. Established market players have a wide customer base, thus making it difficult for private-labels and new entrants in finding shelf-space for their products in the market. Individual users usually prefer not to take risks in experimenting with new products or brands regarding vision care and rely on one or two brands exclusively.”

According to the report, one of the major drivers for this market is Increased preference for contact lenses over spectacles. The benefits of using contact lenses over regular eyeglasses have led to a steady rise in the demand for contact lenses in the past decade. Contact lenses provide better all-around vision, allowing for clear peripheral vision, unlike glasses through which only objects in front of the person are visible. Contact lenses eliminate glare and are more comfortable to wear and carry than glasses. They are also popular among athletes as they do not distract in any way by slipping and steaming up as spectacles do. The cosmetic use of contact lenses provides users aesthetic appeal. These advantages have led to the growing preference for contact lenses over glasses.

Further, the report states that one of the major factors hindering the growth of this market is Low awareness. Low awareness and irregular eye check-ups and are two factors affecting market growth. Globally, people are generally unaware of the various types of eye disorders. Macular degeneration causes loss of vision in the center of the visual field, further leading to retina damage. Debris accumulates between the retina and choroid causing scarring of the retina. Contact lenses can be used to correct such refractive errors.

Companies Mentioned

Menicon, Novartis, The Cooper Companies, and Valeant.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Market landscape
    • Market ecosystem
      • Table Global vision care market - Parent market sizing
      • Table Parent market: Segmentation
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
      • Table Guidelines for use
  • Market sizing
    • Market definition
      • Table Market definition: Inclusions and exclusions checklist
    • Global contact lens solutions market
      • Table Global contact lens solutions market - Market size 2017
      • Table Validation techniques employed for market sizing 2017
    • Market size and forecast
      • Table Global contact lens solutions market 2017-2022 ($ millions)
      • Table Global contact lens solutions market: Year over year growth 2018-2022 (%)
  • Five forces analysis
    • Table Five forces analysis 2017
    • Table Five forces analysis 2022
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition: Five forces 2017
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Segmentation by distribution channel
      • Table Global contact lens solutions market by distribution channel 2017-2022 (% share)
    • Comparison by distribution channel
      • Table Comparison by distribution channel
    • Global contact lens solutions market by retail stores
      • Table Global contact lens solutions market by retail stores 2017-2022 ($ millions)
      • Table Global contact lens solutions market by retail stores: Year over year growth
    • Global contact lens solutions market by online stores
      • Table Global contact lens solutions market by online stores 2017-2022 ($ millions)
      • Table Global contact lens solutions market by online stores: Year over year growth
    • Market opportunity by distribution channel
      • Table Market opportunity by distribution channel
  • Regional landscape
    • Geographical segmentation
      • Table Global contact lens solutions market by region 2017-2022 (% share)
    • Regional comparison
      • Table Regional comparison
    • Contact lens solutions market in Americas
      • Table Contact lens solutions market in Americas 2017-2022 ($ millions)
      • Table Contact lens solutions market in Americas: Year over year growth
      • Table Top three countries in Americas
    • Contact lens solutions market in EMEA
      • Table Contact lens solutions market in EMEA 2017-2022 ($ millions)
      • Table Contact lens solutions market in EMEA: Year over year growth
      • Table Top three countries in EMEA
    • Contact lens solutions market in APAC
      • Table Contact lens solutions market in APAC 2017-2022 ($ millions)
      • Table Contact lens solutions market in APAC: Year over year growth
      • Table Top three countries in APAC
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
    • Market challenges
  • Market trends
    • High brand loyalty
    • Growing popularity of antimicrobial contact lenses and natural eye highlights
    • Increase in demand for MI procedures
      • Table Overview of MI procedures
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Menicon
      • Table Vendor overview
      • Table Menicon: Organizational developments
      • Table Menicon: Geographic focus
      • Table Menicon: Segment focus
      • Table Menicon: Key offerings
    • Novartis
      • Table Vendor overview
      • Table Novartis: Business segments
      • Table Novartis: Organizational developments
      • Table Novartis: Geographic focus
      • Table Novartis: Segment focus
      • Table Novartis: Key offerings
    • The Cooper Companies
      • Table Vendor overview
      • Table The Cooper Companies: Business segments
      • Table The Cooper Companies: Organizational developments
      • Table The Cooper Companies: Geographic focus
      • Table The Cooper Companies: Segment focus
      • Table The Cooper Companies: Key offerings
    • Valeant
      • Table Vendor overview
      • Table Valeant: Business segments
      • Table Valeant: Organizational developments
      • Table Valeant: Geographic focus
      • Table Valeant: Segment focus
      • Table Valeant: Key offerings
    • Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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