Global Contact Lenses Cleaning Solutions Market to Reach $3.1 Billion by 2027
Amid the COVID-19 crisis, the global market for Contact Lenses Cleaning Solutions estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at aCAGR of 3.2% over the period 2020-2027. Multi Purpose, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydrogen Peroxide-based segment is readjusted to a revised 3.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $866.3 Million, While China is Forecast to Grow at 4.2% CAGR
The Contact Lenses Cleaning Solutions market in the U.S. is estimated at US$866.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$290.7 Million by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.
Select Competitors (Total 53 Featured)
- Alcon Laboratories, Inc.
- Allergan (A Company of AbbVie)
- Bausch & Lomb, Incorporated
- CLB VISION
- CooperVision, Inc.
- Johnson & Johnson Vision Care, Inc.
- Menicon Co., Ltd.