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The Answer Market for Tactile Lenses is poised to witness growth, driven by the growing demand for corrective lenses, increased awareness of eye health, and advancements in lens care technologies.
New York, Jan. 19, 2024 (GLOBE NEWSWIRE) — The global tactile lens response market is expected to grow at a CAGR of 4. 6%, reaching $4. 8 billion through 2030 from $3. 5 billion in 2023.
Contact lens answers play a role in cleaning, disinfecting, and storing touch lenses. In addition to the widely used multi-purpose and hydrogen peroxide-based responses, other liquids such as saline solutions, daily cleaners, and enzymatic protein scavengers are used to express applications. The increasing adoption of tactile lenses as a convenient option for eyewear is driving demand for those answers.
Eye infections, such as Acanthamoeba keratitis, can lead to vision loss. Adhering to replacement schedules and proper eye care will help you avoid situations such as acute tactile lens-induced redness (CLARE). Adherence to lens care protocols and lens wear. Care answers are for touch lens wearers.
The Covid-19 pandemic has had a significant impact on the market, with increased use of tactile lenses. A January 2021 study observed changes in attitudes toward wearing touch lenses, with wearers reporting increased attention and care. There is also a trend towards buying touch lenses online.
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Report Coverage
Details
Market Revenue 2023
$3. 5 billion
Estimated Source of Income 2030
$4. 8 billion
Growth Rate – CAGR
4,6%
Forecast Period
2023-2030
No. of Pages
178 Pages
Market Segmentation
By Solution Type, Material of Contact Lens, Distribution Channel, Region
Regions covered
North America, Latin America, Europe, South Asia & Pacific, East Asia, Middle East & Africa
Key Profiled Companies
Alcohol
Allergan
Bausch
Menicon Co., Ltd.
CLB VISION
CooperVision, Inc.
FraisKon
Johnson
Carl Zeiss Meditech S. A.
Market trends in contact lens solutions
The flexible responses segment is expected to become a major player in the market during the forecast period.
Multi-target touch lens responses serve the dual purpose of cleaning and disinfecting lenses, designed to take care of facets such as cleaning, rinsing, storing and refreshing touch lenses. Widely appreciated by comfortable touch lens wearers, these answers are gaining popularity due to their easy-to-use nature and recent product innovations. The increasing adoption of flexible solutions is attributed to their ease of use, which offers greater comfort, reduces lysozyme deposits and minimizes fluorescein staining of the cornea, thus improving the overall experience and ensuring optimal performance of the lens.
A study published in Contact Lens and Anterior Eye in August 2021, titled “Antiviral Effect of Multipurpose Contact Lens Disinfectant Solutions Against Coronavirus,” highlights the importance of scrubbing and rinsing lenses with multipurpose disinfectant solutions to reduce the amounts of coronavirus in lenses. This concept is expected to drive market expansion during the pandemic.
In addition, the increasing prevalence of nearsightedness, farsightedness, and eye disorders is expected to drive the adoption of tactile lenses, along with the use of flexible cleaning solutions.
In a nutshell, the Persistence Market Research report is a must-read for startups, industry players, investors, researchers, consultants, business strategists, and anyone who knows this industry. Take a look at the report in https://www. persistencemarketresearch. com/market-research/contact-lens-solution-market. asp
Contact Lens Solutions Market Segmentation
Type Categories: The response market for touch lenses is divided into two main types: multipurpose and hydrogen peroxide-based responses. Flexible responses serve as all-in-one answers, widely used for cleaning, disinfecting, and storing lenses, especially popular among comfortable touch lens wearers. Hydrogen peroxide-based responses require careful handling and a quick garage case, restricting their adoption to a smaller audience.
Volume Categories: The market volume is categorized into 120 ml, 360 ml, and 480 ml segments. The 120ml segment is expected to witness significant growth, driven by cosmetic lens wearers and those looking for lenses on a trial basis. The 480ml segment has the largest market share, favored by regular touch lens wearers looking for cost-effective options. The 360ml segment is growing and has a moderate market share.
Distribution channels: Distribution channels include e-commerce, eye care professionals, and retail. The retail segment dominates, driven by personal tastes of over-the-counter (OTC) products for simple retail access and discounts. E-commerce is gaining traction due to its convenience, growing at a CAGR of 5. 9%. Eye care professionals contribute to a moderate CAGR, as a small number of other people get answers exclusively from them.
Material Categories: The market classifies fabrics into gas permeable lenses, comfortable lenses, and hybrid lenses. Soft lenses, which are in higher demand for use, dominate the market due to their comfort. Gas permeable lenses show moderate growth. The advent of hybrid lenses further drives the adoption of touch lens solutions, as other fabrics require express solutions.
Regional Overview: North America dominates the market share, with a focus on clinical trials for innovative solutions. In Asia Pacific, the fastest CAGR is expected, driven by acquisitions by key solution providers. South America anticipates moderate growth in the forecast period.
Competitive Intelligence and Business Strategy
Keys such as Alcol, Allergan, Bausch
The market’s supply chain revolves around key players, with brands offering cutting-edge answers, adding flexible and hydrogen peroxide-based options. Distributors and stores play a role in effective distribution, adapting to changing customer preferences, regulatory requirements, and technological advancements. A dynamic and responsive ecosystem ensures the continuous availability of high-quality touch lens responses on a global scale.
Recent Advancements in the Touch Lens Response Market
In June 2022, Bausch Lomb brought its latest addition to the BioTrue Multi-Purpose Solution line, called the Biotrue Hydration Plus Multi-Purpose Solution, available in the United States.
In January 2022, Mojo Vision secured a $45 million investment to advance contact lens-based devices, which provide transparent, real-time data on athletic performance.
The key questions answered in the report:
What are the points that contribute to expansion trends in the market?
What is the current market situation and how is it expected to evolve in the coming years?
What are the key elements exerting influence on the market?
How is the Contact Lens Solution market segmented, considering types, applications, fuels, or other relevant factors?
Who are the key players in the Contact Lens Solution market?
What strategies are these players employing to establish a competitive edge?
What Points Are Driving the Contact Lens Solutions Market?
Which regions are expected to experience notable growth, and what are the factors?
What recent technological advancements are impacting the Contact Lens Solution industry?
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