Market Overview:
The global contact lens eye drops market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing prevalence of contact lens-related disorders, rising awareness about the benefits of using contact lens eye drops, and growing demand for multifocal and color contact lenses. In addition, technological advancements in the field of ophthalmology are also contributing to the growth of this market. Based on type, the global contact lens eye drops market can be segmented into less than or equal to 10ml and above 10ml segments. The less than or equal to 10ml segment is expected to account for a larger share of this market in 2018 owing to its lower price point as compared with above 10ml products. However, with increasing awareness about the benefits offered by above 10ml products, this segment is projected to witness higher growth during the forecast period. Based on application, this market can be divided into comprehensive shopping website, official shopping website (such as Amazon), spectacles store (such as Lenskart), and others (including drugstores/pharmacies).
Product Definition:
Contact Lens Eye Drops are used to clean and moisten contact lenses. They also help to remove debris from the lens surface.
Less than or equal to 10ml:
The global less than or equal to 10ml, it's usage and growth factor in contact lens eye drops market size was valued at USD 4.5 billion in 2016 and is expected to grow at a CAGR of XX% over the forecast period.
Above 10ml:
The above 10ml is the maximum volume of eye drops that can be used in a single contact lens. The concentration of the solution should not exceed 0.5% w/w as higher concentrations may lead to irritation and red eyes after application.
According to an article published by NCBI, more than 60 million people in U.S alone suffer from dry eyes and this number is expected to increase over time due to climate changes, pollution, etc.
Application Insights:
The others application segment held the largest share of more than 60.0% in 2017. The contact lens eye drops are widely used for various purposes such as to reduce dryness, irritation and redness of the eyes caused due to allergies or other reasons. Moreover, they are also used for cosmetic purposes such as improving the appearance of tear film and reducing under-eye bags caused due to fatigue or lack of sleep among others. Thus, extensive use in various applications is expected to drive demand over the forecast period.
The comprehensive shopping website application segment is expected register a significant growth rate over the forecast period owing to its increasing usage by consumers globally who have suffered from allergic reactions while purchasing products from unofficial websites which have not been approved by authorities competent in ensuring quality control measures during manufacturing procedures at different levels including production, ingredients/ingredients list etc.
Regional Analysis:
North America dominated the global contact lens eye drops market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing internet usage, high purchasing power of consumers and well-established healthcare infrastructure in countries, such as U.S., Canada, and Mexico.
Asia Pacific contact lens eye drops market is projected to witness lucrative growth over the forecast period owing to a large population base with high unmet clinical needs coupled with rapidly improving economic conditions in emerging countries like China & India are some of them have led this regional expansion which will drive industry participants including Ophtecs Corporation (Shanghai) Ltd., Opticrom (Shanghai) Co., Ltd.; CSL Behr Group Pty Limited; Johnson & Johnson Services Asia Pacific; Bausch + Lomb Inc.
Growth Factors:
- Increasing awareness about the benefits of contact lens eye drops among consumers.
- Rising demand for contact lenses due to increasing prevalence of vision problems.
- Growing popularity of contact lens eye drops as a preventive measure against various eye diseases and disorders.
- Technological advancements in the production of contact lens eye drops that improve their quality and efficacy.
Scope Of The Report
Report Attributes
Report Details
Report Title
Contact Lens Eye Drops Market Research Report
By Type
Less than or equal to 10ml, Above 10ml
By Application
Comprehensive Shopping Website, Official Shopping Website, Spectacles Store, Others
By Companies
Alcon, Allergan, Bausch + Lomb, Akorn Consumer Health, Johnson & Johnson Surgical Vision, Prestige Consumer Healthcare, Mentholatum, LION, Hydron
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
236
Number of Tables & Figures
166
Customization Available
Yes, the report can be customized as per your need.
Global Contact Lens Eye Drops Market Report Segments:
The global Contact Lens Eye Drops market is segmented on the basis of:
Types
Less than or equal to 10ml, Above 10ml
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Comprehensive Shopping Website, Official Shopping Website, Spectacles Store, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Alcon
- Allergan
- Bausch + Lomb
- Akorn Consumer Health
- Johnson & Johnson Surgical Vision
- Prestige Consumer Healthcare
- Mentholatum
- LION
- Hydron
Highlights of The Contact Lens Eye Drops Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Less than or equal to 10ml
- Above 10ml
- By Application:
- Comprehensive Shopping Website
- Official Shopping Website
- Spectacles Store
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Contact Lens Eye Drops Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Contact lens eye drops are a type of medication that is used to treat dry eyes. They are a solution that is placed in the eyes and helps to moisturize them.
Some of the major companies in the contact lens eye drops market are Alcon, Allergan, Bausch + Lomb, Akorn Consumer Health, Johnson & Johnson Surgical Vision, Prestige Consumer Healthcare, Mentholatum, LION, Hydron.
The contact lens eye drops market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Contact Lens Eye Drops Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Contact Lens Eye Drops Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Contact Lens Eye Drops Market - Supply Chain
4.5. Global Contact Lens Eye Drops Market Forecast
4.5.1. Contact Lens Eye Drops Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Contact Lens Eye Drops Market Size (000 Units) and Y-o-Y Growth
4.5.3. Contact Lens Eye Drops Market Absolute $ Opportunity
5. Global Contact Lens Eye Drops Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Contact Lens Eye Drops Market Size and Volume Forecast by Type
5.3.1. Less than or equal to 10ml
5.3.2. Above 10ml
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Contact Lens Eye Drops Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Contact Lens Eye Drops Market Size and Volume Forecast by Application
6.3.1. Comprehensive Shopping Website
6.3.2. Official Shopping Website
6.3.3. Spectacles Store
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Contact Lens Eye Drops Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Contact Lens Eye Drops Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Contact Lens Eye Drops Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Contact Lens Eye Drops Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Contact Lens Eye Drops Demand Share Forecast, 2019-2026
9. North America Contact Lens Eye Drops Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Contact Lens Eye Drops Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Contact Lens Eye Drops Market Size and Volume Forecast by Application
9.4.1. Comprehensive Shopping Website
9.4.2. Official Shopping Website
9.4.3. Spectacles Store
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Contact Lens Eye Drops Market Size and Volume Forecast by Type
9.7.1. Less than or equal to 10ml
9.7.2. Above 10ml
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Contact Lens Eye Drops Demand Share Forecast, 2019-2026
10. Latin America Contact Lens Eye Drops Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Contact Lens Eye Drops Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Contact Lens Eye Drops Market Size and Volume Forecast by Application
10.4.1. Comprehensive Shopping Website
10.4.2. Official Shopping Website
10.4.3. Spectacles Store
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Contact Lens Eye Drops Market Size and Volume Forecast by Type
10.7.1. Less than or equal to 10ml
10.7.2. Above 10ml
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Contact Lens Eye Drops Demand Share Forecast, 2019-2026
11. Europe Contact Lens Eye Drops Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Contact Lens Eye Drops Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Contact Lens Eye Drops Market Size and Volume Forecast by Application
11.4.1. Comprehensive Shopping Website
11.4.2. Official Shopping Website
11.4.3. Spectacles Store
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Contact Lens Eye Drops Market Size and Volume Forecast by Type
11.7.1. Less than or equal to 10ml
11.7.2. Above 10ml
11.8. Basis Point Share (BPS)Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Contact Lens Eye Drops Demand Share, 2019-2026
12. Asia Pacific Contact Lens Eye Drops Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Contact Lens Eye Drops Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Contact Lens Eye Drops Market Size and Volume Forecast by Application
12.4.1. Comprehensive Shopping Website
12.4.2. Official Shopping Website
12.4.3. Spectacles Store
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Contact Lens Eye Drops Market Size and Volume Forecast by Type
12.7.1. Less than or equal to 10ml
12.7.2. Above 10ml
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Contact Lens Eye Drops Demand Share, 2019-2026
13. Middle East & Africa Contact Lens Eye Drops Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Contact Lens Eye Drops Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Contact Lens Eye Drops Market Size and Volume Forecast by Application
13.4.1. Comprehensive Shopping Website
13.4.2. Official Shopping Website
13.4.3. Spectacles Store
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Contact Lens Eye Drops Market Size and Volume Forecast by Type
13.7.1. Less than or equal to 10ml
13.7.2. Above 10ml
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Contact Lens Eye Drops Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Contact Lens Eye Drops Market: Market Share Analysis
14.2. Contact Lens Eye Drops Distributors and Customers
14.3. Contact Lens Eye Drops Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Alcon
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Allergan
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Bausch + Lomb
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Akorn Consumer Health
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Johnson & Johnson Surgical Vision
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Prestige Consumer Healthcare
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Mentholatum
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. LION
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Hydron
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
