Rising cases of diabetes and glaucoma affecting vision are driving sales of premium contact lenses and in turn driving demand for contact lens solutions.
UNITED STATES, Rockville, MD, August 12, 2022 (GLOBE NEWSWIRE) — The global market for contact lens solutions is currently valued at approximately $300 million and is expected to be worth approximately $300 million by 2026 , according to the latest industry market analysis. Research and competitive information provider Fact.MR will grow at a compound annual growth rate of 3%.
The number of cases of eye diseases is gradually increasing all over the world, which bodes well for the contact lens market and cleaning methods. The market for contact lenses and contact lens solutions is also growing rapidly due to the growing health problems in the geriatric population and the increasing incidence of diabetes.
The growing prevalence of eye conditions such as farsightedness and nearsightedness is also affecting the use of contact lenses, thereby increasing the demand for cleaning solutions. New product development is expected to maintain market momentum, but the continued shift to daily disposable lenses is expected to impact demand for lens care products.
About Contact Lenses
Future market penetration is anticipated to rise globally, largely as a result of increasing R&D activities and new product improvements that will broaden the pool of potential contact lens wearers. Future market penetration is anticipated to rise globally, largely as a result of increasing R&D activities and new product improvements that will broaden the pool of potential contact lens wearers. Market penetration is expected to increase globally in the future, mainly as a result of increased research and development activities and the improvement of new products, which will expand the pool of potential contact lens wearers. Global market penetration is expected to increase in the future, mainly due to increased research and development and new product improvements, which will expand the pool of potential contact lens wearers. Today, no-wipe multipurpose solutions are rapidly gaining popularity in stores, making contact lens care easier.
Another growing trend in the contact lens solution market that is expected to drive the growth of the market is the growing popularity of natural and antimicrobial contact lenses. Manufacturers see lucrative prospects in recent product launches and growing demand for antimicrobial coated contact lenses to reduce the risk of infection. The growth in the use of contact lenses, especially in developing countries, is expected to contribute to the overall expansion of the market.
The US is considered a lucrative contact lens solution market with a turnover of $916 million by 2022. People of all ages are more likely to use contact lenses, which has led to an increase in demand for contact lens solutions in the US state.
The Centers for Disease Control and Prevention estimates that 45 million people in the United States wear contact lenses, with 8% of users under the age of 18, 17% between the ages of 18 and 24, and 75% wearing contact lenses. People over 25 years old.
Therefore, the figure justifies the high demand for contact lenses, thereby boosting sales of eye contact solutions.
The Contact Lens Solutions Market Report identifies key trends as well as organic and non-organic growth strategies for Contact Lens Solutions providers. Many businesses are focusing on organic growth strategies, including product endorsements, new product launches, and other strategies such as patents and events. Acquisitions and alliances & agreements are examples of inorganic growth practices that are seen in this market. Acquisitions and alliances & agreements are examples of inorganic growth practices that are seen in this market. Acquisitions, alliances, and agreements are examples of the inorganic growth practices seen in this market. Acquisitions, alliances, and agreements are examples of the inorganic growth practices seen in this market.
These actions allow market participants to increase their customer base and revenues. With the growing demand for contact lens solutions in the global market, key market players are expected to have attractive growth prospects over the next few years.
Mojo Vision and Japanese contact lens manufacturer Menicon announced a joint development agreement in December 2020. The partnership will allow both companies to conduct multiple feasibility studies using their respective areas of expertise to develop smart contact lens products.
Компания Johnson & Johnson Vision объявила о дебюте в США ACUVUE OASYS с технологией Transitional Light Intelligence в марте 2019 года. Johnson & Johnson Vision announced the US debut of the ACUVUE OASYS with Transitional Light Intelligence technology in March 2019. These colored contact lenses help your eyes adapt to bright light and changing light conditions.
North America leads the global market for contact lens solutions due to its advanced healthcare infrastructure and the growing use of contact lenses.
The market for contact lens solutions is expected to expand as more and more people, especially in developing countries, start using contact lenses.
Post time: Aug-17-2022
