The global contact lens cleaning solution market is expected to grow at a CAGR of 4.3% from 2024 to 2034. The market value is projected to increase from USD 1.83 billion in 2024 to USD 2.78 billion by 2034.
Contact Lens Solution Market Trends
| Report Attributes | Details |
|---|---|
| Contact Lens Solution Market Share (2024) | USD 1.83 billion |
| Anticipated Market Value (2034) | USD 2.78 billion |
| Value-based CAGR (2024 to 2034) | 4.3% |
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The lens care solution industry was valued at USD 1.42 billion at the end of 2019 and exhibited a CAGR of 4% from 2019 to 2023. The contact lens cleaning solution market value was USD 1.75 billion in 2023.
| Attributes | Details |
|---|---|
| Contact Lens Solution Market Size (2019) | USD 1.42 billion |
| Market Size (2023) | USD 1.75 billion |
| Market CAGR (2019 to 2023) | 4% |
Population growth and aging are expected to increase the possibility of contact lens use, which could have a knock-on effect on the contact lens solution industry.
Rising disposable incomes and reduced prices of prescribed contact lenses are expected to spur a surge in the demand for contact lens cleaning solution in low-income group countries.
In addition to being used for vision care, contact lenses are frequently used as a fashion accessory to alter the iris' color. This has increased the adoption of contact lenses, hence ultimately driving the sale of the contact lens cleaning solution, which is expected to contribute to the trend over the forecast years as well.
Improper use of contact lenses and the issues associated with their use may lead to a decrease in sales of contact lenses, negatively impacting the industry share of the contact lens solution as well. Keratitis is a severe eye infection that is frequently linked to incorrect contact lens usage.
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The table below lists the expected CAGR for top countries that produce contact lens cleaning solutions over the forecast period. The United States is the leading producer in North America, while Germany and China dominate Europe and Asia, respectively.
| Countries | CAGR (2024 to 2034) |
|---|---|
| United States | 3.9% |
| Germany | 3.2% |
| China | 5.4% |
| United Kingdom | 3.7% |
| Japan | 4.7% |
The United States dominates the North American region with a total market share of about 90.2% in 2023 and is expected to continue to experience a 3.9% CAGR over the forecast period.
Because of the increasing cases of visual impairment in the United States, the country is leading in the global eyewear maintenance product market. Adults living in the United States are at risk of vision loss. The aging population and rise in chronic diseases are likely to result in an increase in demand for contact lens solutions.
Germany is set to exhibit a CAGR of 3.2% during the forecast period and holds a market share of 27.3% of the European contact lens cleaning solution market.
Emerging trends in the contact lens care industry in Germany are attributed to a shift in the customer preference for cosmetic contact lenses. The increased use of contact lenses has thus increased awareness in people of their proper use and the eye care required while using contact lenses. The customer preference in Germany towards cosmetic contact lenses or colored contact lenses with rising fashion trends as a result of significant penetration of social media in the region is projected to fuel the market expansion.
China held around 38.9% share of the East Asia eye care industry in 2023, and the demand for contact lens solutions is anticipated to rise at 5.4% CAGR through 2034.
The increasing use of contact lenses, rising affordability, etc., have strengthened the vision care solution market in China. Additionally, the emergence of leading players catering to worldwide demand for lens cleaning solutions is contributing to China's market growth.
The United Kingdom market is expected to register a 3.7% CAGR through 2034. By 2023 end, the net revenue accumulated by contact lens solution industries located in the United Kingdom was around USD 93.5 million.
The market players in the country are mostly concentrating on clinically tested novel solutions for the elimination of infection-causing bacteria and other pathogens that contaminate contact lenses.
Japan is anticipated to grow at a CAGR of 4.7% during the projected period. The growth is attributed to the presence of top suppliers of contact lens solutions in the country, including Ophtecs Corporation, which are expanding their businesses by acquiring smaller players.
Japan held a global market share of 3.9% and generated a revenue of around USD 65.4 million in 2023.
Based on product type, the multipurpose contact lens cleaning solution segment holds the dominant position in the market, with an estimated share of 35.3% in 2024.
| Attributes | Details |
|---|---|
| Top Product Type | Multipurpose Solution |
| Market Share in 2024 | 35.3% |
Multipurpose contact lens cleaning solutions are considered an all-in-one, holding a greater share of the therapeutic contact lens market. The solution is designed in a way that would disinfect and remove debris and deposits from the lens. Additionally, multipurpose contact lens cleaning solutions are mainly used for cleaning soft contact lenses, which are widely used due to their comfort of use.
Contact lens cleaning solutions in the 50 ml to 150 ml packaging segment are anticipated to hold a market share of 41.8% in 2024. Analysis of the global vision care solution market shows that the segment is expected to grow at a CAGR of 5.4% over the forecast period.
| Attributes | Details |
|---|---|
| Top Volume Segment | 50 ml to 150 ml |
| Market Share in 2024 | 41.8% |
With the high demand for single-use contact lenses, the demand for a small volume of contact lens cleaning solutions is increasing. First-time buyers of contact lenses prefer using solutions in small volumes hence propelling the demand for 50 ml to 150 ml volume packaging contact lenses cleaning solution.
Contact lens cleaning solutions are widely used for cleaning and disinfecting contact lenses, and the segment is estimated to hold a revenue share of 54.8% in 2024.
| Attributes | Details |
|---|---|
| Top Purpose | Cleaning and Disinfectant |
| Market Share in 2024 | 54.8% |
Growing cases of eye infections such as bacterial keratitis due to the improper care taken by contact lens wearers can lead to eye complications and, in severe conditions, sight loss. Hence there is a rising need for regular cleaning and disinfection of contact lenses to avoid any further complications.
Eye care practitioners highly recommend contact lens cleaning solutions. Product sales through eye care practitioners are expected to account for a market share of 37.1% in 2024.
| Attributes | Details |
|---|---|
| Top Distribution Channel | Eye Care Practitioner |
| Market Share in 2024 | 37.1% |
Eye care practitioners are preferred for the purchase of contact lens cleaning solutions. Contact lens solutions come under the vision care products category, and buying them on prescription is preferred to avoid any complications related to vision. Also, the easy availability of the right kind of product is another reason for buying contact lens cleaning solutions from eye care practitioners.
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The overall market is fairly consolidated as the production and supply of contact lens cleaning solutions is mainly carried out by subsidiaries of contact lens manufacturing companies. Leading companies have been producing contemporary & novel eye care items, including soft contact lenses with solutions for their regular care and improved brand image.
Developments in the Global Contact Lens Solution Market
| Attribute | Details |
|---|---|
| Estimated Market Size (2024) | USD 1.83 billion |
| Projected Market Size (2034) | USD 2.78 billion |
| Anticipated Growth Rate (2024 to 2034) | 4.3% |
| Forecast Period | 2024 to 2034 |
| Historical Data Available for | 2019 to 2023 |
| Market Analysis | USD million or billion for Value and Units for Volume |
| Key Regions Covered | North America; Latin America; Europe; Middle East & Africa (MEA); East Asia; South Asia and Oceania |
| Key Countries Covered | United States, Canada, Brazil, Mexico, Germany, Spain, Italy, France, United Kingdom, Russia, China, India, Australia & New Zealand, GCC Countries, and South Africa |
| Key Segments Covered | By Product Type, By Volume, By Distribution Channel, and By Region |
| Key Companies Profiled | CLEAN CARE; Bausch+Lomb PVT Ltd; Alcon; CooperVision; ACUVUE; AbbVie; Menicon Co., Ltd; FreshKon; PuriLens Plus Saline; Stericon Pharma Pvt. Ltd.; Ciba Vision; CLB VISION; INTEROJO Co. Ltd. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The contact lens solution market value in 2024 is estimated to be USD 1.83 billion in 2024.
The global contact lens solution market is likely to grow at a 4.3% CAGR through 2034.
The global contact lens solution market value is expected to reach USD 2.78 billion by 2034.
The United States accounts for nearly 90% revenue share of the North American market.
The market in China is predicted to witness a CAGR of 5.4% through 2034.
1. Executive Summary 2. Market Overview 3. Brand Mapping Analysis 4. Distribution Channel Wise Key Brand Positioning 5. Consumer Buying Behavior Analysis 6. Market Trends & Dynamics 7. Value Added Insights 8. Market Background 9. Global Market Demand (in Value or Size in USD Million) Analysis 2019 to 2023 and Forecast, 2024 to 2034 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Product 10.1. Multipurpose solution 10.2. Hydrogen peroxide solution 10.3. Rigid gas permeable solution 10.4. Enzymatic Protein Removers 10.5. Daily Cleaners 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Volume 11.1. 50-150ml 11.2. 160-250 ml 11.3. More than 250 ml 12. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Purpose 12.1. Cleaning and Disinfectant 12.2. Anti-bacterial 12.3. Protein cleaners 13. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Distribution Channel 13.1. Retail Pharmacies 13.2. Eye Care Practitioners 13.3. E-commerce 14. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, by Region 14.1. North America 14.2. Latin America 14.3. Europe 14.4. South Asia 14.5. East Asia 14.6. Oceania 14.7. Middle East & Africa 15. North America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 16. Latin America Market Analysis 2019 to 2023 and Forecast 2024 to 2034 17. Europe Market Analysis 2019 to 2023 and Forecast 2024 to 2034 18. East Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 19. South Asia Market Analysis 2019 to 2023 and Forecast 2024 to 2034 20. Oceania Market Analysis 2019 to 2023 and Forecast 2024 to 2034 21. Middle East & Africa Market Analysis 2019 to 2023 and Forecast 2024 to 2034 22. Market Structure Analysis 23. Competition Analysis 23.1. CLEAN CARE 23.2. Bausch+Lomb Pvt Ltd 23.3. Alcon 23.4. CooperVision 23.5. ACUVUE 23.6. AbbVie 23.7. Menicon Co., Ltd 23.8. FreshKon 23.9. PuriLens Plus Saline 23.10. Stericon Pharma Pvt. Ltd. 23.11. Ciba Vision 23.12. CLB VISION 23.13. INTEROJO Co. Ltd. 24. Assumptions and Acronyms Used 25. Research Methodology
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Contact Lens Solution Market
