Market Overview:
The global eye drops for contact lens market is expected to register a CAGR of 5.8% during the forecast period, 2018-2030. The market growth can be attributed to the increasing prevalence of contact lens-related disorders and the growing demand for advanced eye care products. Based on type, the global eye drops for contact lens market is segmented into ≤ 10ml and > 10ml segments. The ≤ 10ml segment is expected to account for a major share of the global market in 2018. This can be attributed to the high demand for small volume eyedrops that are easy to use and carry around. However, with technological advancements in manufacturing processes, larger volume eyedrops are also gaining popularity among consumers due their ease of use and long shelf life. Based on application, the global eye drops for contact lens market is segmented into online channel and offline channel segments. The online channel segment is expected to account for a major share of the global market in 2018 owing to rising consumer preference for buying healthcare products through ecommerce platforms. However, with increasing penetration of internet across developing countries,the offline channel segment is also projectedto grow at a healthy rate duringthe forecast period .
Product Definition:
Eye Drops for Contact Lens is a liquid medication that is used to clean and lubricate contact lenses. It can also help to remove debris from the lenses. Eye Drops for Contact Lens are important because they keep the contacts clean and moist, which helps to prevent irritation and infection.
≤ 10ml:
It is the volume of a drop that can normally be placed in the eye. The normal ≤ 10ml sterile water based solution is used for lubricating and refreshing eyes during lens wearing time. It helps in reducing dryness, itchy feeling and redness around eyes due to long hours of computer work or any other activity that involves looking at screens frequently.
> 10ml:
Ans: > 10ml is the volume of eye drops used for contact lens. It’s a measure of the dilution that can be given to a single contact lens with water and it must contain at least 95% water.
Q: What are some advantages of using > 10ml eye drops? Ans: Advantages include ease in applying, improved comfort, and better vision after use.
Application Insights:
The application segment includes online and offline channel. The online channel is expected to dominate the market with a share of over 60% in terms of revenue by 2030. This growth is attributed to the ease of access and availability of various options that consumers have at their disposal when they purchase eye drops through this medium.
Offline channels such as pharmacies are also anticipated to witness significant growth owing to increasing consumer awareness about product benefits along with an increase in number of optometrists, ophthalmologists and dispensing facilities across geographies. For instance, according to Vision Care Report 2017 published by AMTA, there has been a rise in visits for acute visual loss due to eye disease among older adults (aged 65 years or above). Therefore, companies are focusing on developing new products keeping in mind the growing demand from various end-use applications including diabetes retinopathy etc., which can be used effectively even after several uses without any negative effects on vision improvement or causing any allergic reaction etc.
Regional Analysis:
North America dominated the global eye drops market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing awareness regarding contact lenses, their benefits, and availability of various solutions for different problems caused due to them. In addition, growing number of ophthalmologists and other healthcare professionals in this region will also help maintain dominance of this region over the forecast period.
Asia Pacific is anticipated to witness a significant growth rate during the forecast period owing to rising disposable income resulting into increased penetration of various treatment options such as online as well as offline channels for vision correction products such as eye drops among others resulting into high unmet needs in this regional market space which has led it being categorized under “Emerging regions†by WHO (World Health Organization).
Growth Factors:
- Increasing awareness about the benefits of using eye drops for contact lens: There is a growing awareness among people about the benefits of using eye drops for contact lenses. This is driving the demand for eye drops for contact lens market.
- Rising prevalence of vision problems: The rising prevalence of vision problems is also contributing to the growth of this market. People are increasingly becoming aware about the importance of taking care of their eyes and are thus investing in products that can help them do so, such as eye drops for contact lenses.
- Growing demand from emerging markets: The demand for eye drops for contact lenses is also growing rapidly in emerging markets such as India and China due to increasing disposable income and rising awareness about better vision care products available in these regions.
- Technological advancements: There has been a significant advancement in technology when it comes to manufacturing Eye Drops For Contact Lens, which is helping manufacturers offer better quality products at competitive prices, thereby driving market growth further.. 5) Availability of a wide variety Eye Drops For Contact Lens brands catering to different needs helps consumers make an informed choice, thereby fuelling market growth
Scope Of The Report
Report Attributes
Report Details
Report Title
Eye Drops for Contact Lens Market Research Report
By Type
≤ 10ml, > 10ml
By Application
Online Channel, Offline Channel
By Companies
Bausch + Lomb, Alcon, LION, Rohto, Hydron, Johnson, Santen, Cooper, Allergan, Merry dolly
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
158
Number of Tables & Figures
111
Customization Available
Yes, the report can be customized as per your need.
Global Eye Drops for Contact Lens Market Report Segments:
The global Eye Drops for Contact Lens market is segmented on the basis of:
Types
≤ 10ml, > 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
Online Channel, Offline Channel
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:
- Bausch + Lomb
- Alcon
- LION
- Rohto
- Hydron
- Johnson
- Santen
- Cooper
- Allergan
- Merry dolly
Highlights of The Eye Drops for Contact Lens 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:
- ≤ 10ml
- > 10ml
- By Application:
- Online Channel
- Offline Channel
- 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 Eye Drops for Contact Lens 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
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 clean and moisten the eyes.
Some of the key players operating in the eye drops for contact lens market are Bausch + Lomb, Alcon, LION, Rohto, Hydron, Johnson, Santen, Cooper, Allergan, Merry dolly.
The eye drops for contact lens market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Eye Drops for Contact Lens Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Eye Drops for Contact Lens Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Eye Drops for Contact Lens Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Eye Drops for Contact Lens Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Eye Drops for Contact Lens Market Size & Forecast, 2018-2028
4.5.1 Eye Drops for Contact Lens Market Size and Y-o-Y Growth
4.5.2 Eye Drops for Contact Lens Market Absolute $ Opportunity
Chapter 5 Global Eye Drops for Contact Lens Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Eye Drops for Contact Lens Market Size Forecast by Type
5.2.1 ≤ 10ml
5.2.2 > 10ml
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Eye Drops for Contact Lens Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Eye Drops for Contact Lens Market Size Forecast by Applications
6.2.1 Online Channel
6.2.2 Offline Channel
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Eye Drops for Contact Lens Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Eye Drops for Contact Lens Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Eye Drops for Contact Lens Analysis and Forecast
9.1 Introduction
9.2 North America Eye Drops for Contact Lens Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Eye Drops for Contact Lens Market Size Forecast by Type
9.6.1 ≤ 10ml
9.6.2 > 10ml
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Eye Drops for Contact Lens Market Size Forecast by Applications
9.10.1 Online Channel
9.10.2 Offline Channel
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Eye Drops for Contact Lens Analysis and Forecast
10.1 Introduction
10.2 Europe Eye Drops for Contact Lens Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Eye Drops for Contact Lens Market Size Forecast by Type
10.6.1 ≤ 10ml
10.6.2 > 10ml
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Eye Drops for Contact Lens Market Size Forecast by Applications
10.10.1 Online Channel
10.10.2 Offline Channel
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Eye Drops for Contact Lens Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Eye Drops for Contact Lens Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Eye Drops for Contact Lens Market Size Forecast by Type
11.6.1 ≤ 10ml
11.6.2 > 10ml
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Eye Drops for Contact Lens Market Size Forecast by Applications
11.10.1 Online Channel
11.10.2 Offline Channel
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Eye Drops for Contact Lens Analysis and Forecast
12.1 Introduction
12.2 Latin America Eye Drops for Contact Lens Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Eye Drops for Contact Lens Market Size Forecast by Type
12.6.1 ≤ 10ml
12.6.2 > 10ml
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Eye Drops for Contact Lens Market Size Forecast by Applications
12.10.1 Online Channel
12.10.2 Offline Channel
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Eye Drops for Contact Lens Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Eye Drops for Contact Lens Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Eye Drops for Contact Lens Market Size Forecast by Type
13.6.1 ≤ 10ml
13.6.2 > 10ml
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Eye Drops for Contact Lens Market Size Forecast by Applications
13.10.1 Online Channel
13.10.2 Offline Channel
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Eye Drops for Contact Lens Market: Competitive Dashboard
14.2 Global Eye Drops for Contact Lens Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Bausch + Lomb
14.3.2 Alcon
14.3.3 LION
14.3.4 Rohto
14.3.5 Hydron
14.3.6 Johnson
14.3.7 Santen
14.3.8 Cooper
14.3.9 Allergan
14.3.10 Merry dolly
