Market Trends of Global Contact Lens Solution Industry
This section covers the major market trends shaping the Contact Lens Solution Market according to our research experts:
Multi-Purpose Solution is Anticipated to Have Significant Share
The multipurpose Solution segment is expected to hold a major share in the market over the forecast period.
Multipurpose contact lens solutions were used to both clean and disinfect the contact lenses. These are designed to clean, rinse, store, and refresh the contact lenses. This solution is the most commonly used care system among soft contact lens wearers. The adoption of a multipurpose contact lens solution is growing significantly due to its ease of use and recent product launches. Furthermore, the rise in adoption of these lens solutions is also seen due to the improved comfort and decreasing lysozyme deposits and corneal fluorescein staining,
thereby enhancing patients wearing experience and helping maintain optimal lens performance.
According to the study published in Contact Lens and Anterior Eye, titled 'Antiviral effect of multipurpose contact lens disinfecting solutions against coronavirus' in August 2021, as multipurpose lens solution is likely to lower the quantities of any coronaviruses on the lenses, contact lens prescribers are emphasizing the necessity of rubbing and rinsing lenses with multipurpose disinfectant solutions. Such studies will therefore lead to drive the market growth during the pandemic.
Moreover, increasing the burden of myopia, hypermetropia, and other eye-related disorders anticipated increasing the adoption of contact lenses along with multipurpose cleaning solutions.
North America is Anticipated to Have Significant Growth
North America is anticipated to have significant market growth over the forecast period.
The regional growth is attributed to the presence of key market players, well-established healthcare infrastructure, and high adoption of contact lenses in the region. According to the National Eye Institute updated in June 2022, the most typical kind of vision issue is refractive error, and refractive defect affects more than 150 million Americans.
In addition, the National Institute of Health data release in May 2022, the United States is spending huge amounts in eye diseases and vision related disorders. It has funded USD 1,012 million and USD 1,070 million in the year 2020 and 2021 respectively.
Moreover, according to the study published in ARVO journals, titled 'Antimicrobial Efficacy of Hydrogen Peroxide Contact Lens Care Products in the Presence of Contact Lenses' in June 2021, contact lens care products (CLC) based on hydrogen peroxide (HP) solutions have exceptional antibacterial activity against a variety of pathogenic microorganisms. Such studies will further drive the market growth in the North America due to the rise in adoption of contact lens solutions.
Therefore, owing to the above mentioned factors, the market for contact lens solutions is expected to drive over the forecast period in this region.
