New Zealand markets closed
  • NZX 50

    -21.45 (-0.19%)

    -0.0022 (-0.38%)

    -0.0019 (-0.33%)

    -57.40 (-0.82%)
  • ASX 200

    -54.70 (-0.80%)
  • OIL

    +0.14 (+0.16%)
  • GOLD

    -3.00 (-0.17%)

    -87.68 (-0.76%)
  • FTSE

    -4.99 (-0.07%)
  • Dow Jones

    -346.93 (-1.15%)
  • DAX

    -58.36 (-0.47%)
  • Hang Seng

    -236.95 (-1.32%)
  • NIKKEI 225

    -195.19 (-0.71%)

    -0.3290 (-0.40%)

Rising Cases of Eye Disorders Driving Need for Medically-Approved Contact Lenses, Accelerating Contact Lens Solution Consumption: Fact.MR Analysis

·7-min read

Rising Cases Of Diabetics And Glaucoma, Which Affect Eye Sight, Are Driving The Sales Of Advanced Contact Lenses, Which Is Subsequently Pushing The Demand For Contact Lens Solutions

United States, Rockville MD, Aug. 12, 2022 (GLOBE NEWSWIRE) -- As per the latest industry analysis by Fact.MR, a market research and competitive intelligence provider, the global contact lens solutions market is currently valued at around US$ 3 billion and is anticipated to expand at a CAGR of 3% through 2026.

Globally, the cases of optical disorders are rising gradually, which bodes well for the market for contact lenses and the methods used to clean them. The market for contact lenses and contact lens solutions is also developing rapidly as a result of the rising elderly population’s medical problems and increasing diabetic cases.

Growing prevalence of eye conditions such as hypermetropia and myopia is also influencing the usage of contact lenses, and, consequently, driving the demand for cleaning solutions. The ongoing transition to daily disposable lenses is anticipated to have an influence on the need for lens care products, although the development of new products is anticipated to maintain market growth momentum.

For Critical Insights on Contact Lens Solutions Market, Request a Sample Report

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. Currently, no-rub multipurpose solutions are spreading quickly across store aisles, making contact lens maintenance even easier.

Another growing trend in the market for contact lens solutions, which is expected to support market growth, is the rising popularity of natural and antimicrobial contact lenses. Manufacturers are seeing lucrative prospects with recent launches and growing demand for contact lenses with antimicrobial coatings to reduce the risk of infection. It is anticipated that rising contact lens usage, particularly in developing nations, will fuel overall market expansion.

Will the United States Be a Profitable Market for Contact Cleaning Solution Providers?

“Raising Sales of Contact Lenses Augmenting U.S. Market Share of Contact Lens Solutions”

The United States is considered a lucrative market for contact lens solutions and is valued at US$ 916 million, in 2022. People of all ages are using contact lenses more frequently, which has led to an increase in demand for contact lens solutions in the United States.

  • The Centers for Disease Control and Prevention estimate that 45 million individuals in the United States wear contact lenses, with 8 percent of wearers under the age of 18, and 17 percent between the ages of 18 and 24 wearing contacts, as well as 75 percent of those over the age of 25.

Thus, this graph proves the high demand for contact lenses, which is subsequently increasing the sales of eye contact solutions.

To learn more about Contact Lens Solutions Market, you can get in touch with our Analyst at

Key Segments Covered in the Contact Lens Solutions Industry Survey

  • By Solution :

    • Multi-purpose

    • Hydrogen Peroxide-based

  • By Distribution Channel :

    • Retail

    • Eye Care Professionals

    • Online

    • Others

  • By Region :

    • North America

    • Latin America

    • Europe

    • East Asia

    • South Asia & Oceania

    • MEA

Winning Strategy

The contact lens solutions market report identifies the important trends for contact lens solution providers as well as organic and inorganic growth tactics. Many businesses are laying focus on natural growth strategies, including product approvals, new launches, and others such as patents and events. Acquisitions and alliances & agreements are examples of inorganic growth practices that are seen in this market.

These actions have made it possible for market participants to increase their client base and revenue. With the increasing demand for contact lens solutions in the global market, key participants in the market are predicted to enjoy attractive growth prospects over the coming years.

  • A joint development agreement was announced by Mojo Vision and Menicon, a Japanese contact lens maker, in December 2020. This partnership would enable both businesses to utilize their respective areas of expertise to carry out several feasibility studies for the creation of smart contact lens products.

  • The debut of ACUVUE OASYS with transition light intelligent technology in the U.S. was announced by Johnson & Johnson Vision in March 2019. These photo chromatic contact lenses assist the eyes to adjust to bright lights and changeable light conditions.

Get Customization on Contact Lens Solutions Market Report for Specific Research Solutions

Key players in the Contact Lens Solutions Market

  • Alcon Laboratories, Inc.

  • Allergan plc

  • Bausch & Lomb Incorporated

  • CooperVision, Inc.

  • Johnson & Johnson

  • FreshKon

  • Menicon Co., Ltd.


Key Takeaways from Contact Lens Solutions Market Study

  • North America holds a leading position in the global contact lens solutions market due to its advanced healthcare infrastructure and rising use of contact lenses among the population.

  • The market for contact lens solutions is forecast to expand as more people, particularly in developing nations, start using contact lenses.

  • The United States market is valued at US$ 916 million in 2022.

  • Sales of contact lens solutions are predicted to increase at a CAGR of 3% from 2022 to 2026.

Explore Fact.MR's Coverage on the Healthcare Domain-

Drug Discovery Services Market- The drug discovery services market is forecasted to reach US$ 50 Billion by 2032, up from US$ 19 Billion in 2022, at a CAGR of 10.1%. A Y-o-Y growth rate of nearly 12% is expected for the market in 2022. As of 2021, the market was valued at US$ 17 Billion.

Patient Engagement Solutions Market- The global patient engagement solutions market, the market is gaining traction steadily, rising at an 8.6% CAGR through 2032, exceeding a valuation of around US$ 29 Billion by 2022. As of the end of 2032, the market is expected to reach US$ 66.4 Billion.

Emergency Medical Service Products Market- The worldwide emergency medical service products market is expected to increase at a CAGR of 6.3% and reach a market valuation of US$ 50 Billion by 2032. In 2021, the emergency medical service products market was worth US$ 25 Billion, and is expected to grow at a Y-o-Y expansion rate of 8% in 2022, reaching US$ 27 Billion.

Lab Automation Market- Demand for lab automation services experienced a Y-o-Y expansion rate of over 11% in 2022 compared to 2021, rising from US$ 1.8 Billion to US$ 2 Billion. Going forward, the market is poised to flourish at a 7% value CAGR from 2022-2032, reaching a valuation of nearly US$ 4 Billion.

Heart Attack Diagnostics Market- The heart attack diagnostics market is predicted to grow at a moderate CAGR of 7.1% during the forecast period of 2022 to 2032. The global heart attack diagnostics market is estimated to reach a value of nearly US$ 22.2 Billion by 2032 by growing from US$ 10.4 Billion in 2021.

Facial Implants Market- The global facial implant market was valued at US$ 2.7 Billion in 2022, and is expected to rise at a 7.7% value CAGR, likely to reach US$ 5.6 Billion by the end of the 2022-2032 forecast period.

Smart Implants Market- The global smart implants market is estimated at US$ 3.9 billion in 2022, and is forecast to surpass a market value of US$ 22.2 billion by 2032. Smart implants are expected to contribute significantly to the global implants market, with demand surging at a CAGR of 19% from 2022 to 2032.

Animal Model Market- The animal model market is expected to be worth US$ 1.7 Billion in 2022, rising to US$ 2.9 Billion by 2032, documenting a CAGR of 5.5% from 2022 to 2032.

Nerve Monitoring Devices Market- The global nerve monitoring devices market was valued at US$ 1.3 Billion in 2021, and is projected to register a Y-o-Y increase of 5.6% in 2022 to be valued at US$ 1.4 Billion.

Biotechnology Instruments Market- The global biotechnology Instrument market is likely to be valued at US$ 53.3 Billion in FY 2022, up from US$ 46.4 Billion in 2021. During the past year, the industry registered a Y-o-Y increase worth 14.9%.

About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.

Mahendra Singh
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
Tel: +1 (628) 251-1583
Follow Us: LinkedIn | Twitter