The global lens solution market was valued at US$3659 mn in 2018 and it is expected to reach US$4762 mn by the end of 2025, rising at a CAGR of 3.8% between 2018 and 2025. QY Research analysts have published a detailed report of the market, titled “Global Contact Lens Solution Market Research Report 2019.”
Lenses are super thin layers that help to correct refractive errors in human eyes. They must be kept in solutions to maintain the moister. Unlike glasses, they do not get splattered by dust or fog up. Contact lenses are the best options for sports and other water activities. However, they have to be maintained with the right solutions for appropriate usage.
Global Contact Lens Solution Market: Drivers
The advanced technologies of contact lenses has ensured visual acuity and ocular comfort to the user, which is driving growth of the global contact lens solution market. The introduction of low-cost manufacturing techniques and invention of new silicone hydrogel-based lens boost the demand for daily use of the lens, raising the demand for lens solution as well. The growing popularity of antimicrobial contact lenses is the new favorite of the urban hygiene-conscious users, which has spiked the lens solution market. Few features such as better oxygen permeability, minimal or no risk of lens-related adverse effects, use as natural eye highlights, and special-effect cosmetic lens are supporting the contact lens solution market globally. Lenses have become a style statement to the urban youth, which is being supported by increasing disposable income, thereby fueling the growth of the global contact lens solution market.
Global Contact Lens Solution Market: Segment Analysis
The global lens solution market is segmented on the basis of type and application. In terms of type, the market is segmented into 120 ml/Unit, 360 ml/Unit, 500 ml/Unit, and others. In terms of application, the market is segmented into multi-function and single-function. The multi-function lenses segment is expected to prosper as compared to the other, predicts report.
Global Contact Lens Solution Market: Regional Analysis
On the basis of region, the global lens solution market is segmented into Latin America, North America, Asia Pacific, Europe, and the Middle East and Africa. North America and Europe are the leading regions in the global contact lens solution market due high disposable income and fashion and health consciousness. Asia Pacific region too is rapidly increasing due to a large pool of population of high disposable income.
Global Contact Lens Solution Market: Key Players
The key players studied in the global lens solution market are Bausch, Alcon (Novartis), Cooper Vision, AMO (J&J), Lenbert, Menicon, INTEROJO, Hydron (CN), IGEL, Weicon, Colorcon, Freshkon, and CLB Vision.
The report on the global lens solution market has well acknowledged several key regions, along with sales, revenue, market share, and competitive landscape.
Full Report Overview@ https://www.qyresearch.com/index/detail/1178550/global-contact-lens-solution-market