Contact Lens Solution Market To Reach $4.48 Billion By 2030

Contact Lens Solution Market Growth & Trends

The global contact lens solution market size is expected to reach USD 4.48 billion by 2030, registering a CAGR of 3.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. Increasing number of cosmetic lens wearers and a rise in the participation of outdoor sporting and recreational activities are some of the key factors projected to drive the growth. These Solution are used for disinfecting, cleaning, and wetting the contact lenses. They are also used for storing the contacts when not being used. This factor is anticipated to further fuel the demand for the solution.

A variety of contact lens Solution are available, which are customized based on the type of material used in contact lenses. The Solution are also made available in varied volume categories for the enhanced convenience of the users, including occasional and daily wearers. Contact lens solution can be purchased directly from the practitioners, e-commerce sites, and through the retail network. The Solution available in the market are either multipurpose, which contain preservatives or hydrogen peroxide-based, which are used as enzymatic and daily cleaners.

In the type segment, the hydrogen peroxide-based segment is expected to register the fastest CAGR over the forecast period. By volume, the 480ml segment is expected to hold to continue holding the largest market share over the forecast period. On the basis of material, the demand for Solution used in silicone hydrogel is expected to register the highest market share. This is due to an increase in R&D activities to enhance the capabilities of soft lenses used for manufacturing contact lenses. Factors, such as increasing concerns regarding infections and dryness in eyes is anticipated to drive the demand for contact lens Solution.

 Request a free sample copy or view report summary: Contact Lens Solution Market Report

Contact Lens Solution Market Report Highlights

• Market players focus on launching multi-purpose Solution for various coating technologies such as HydraPEG.

• An increasing number of clinical trials for the approval of contact lens Solution for multiple uses is a key trend observed in the market.

• In 2023, The multi-purpose contact lens solutions segment led the global industry and accounted for a revenue share of 68.5%.

• Asia Pacific is expected to register fastest growth over the forecast period, owing to the large-scale adoption of contact lens.

Contact Lens Solution Market Segmentation

Grand View Research has segmented the global contact lens solution market based on type, usage, material, distribution channel, and region:

Contact Lens Solution Type Outlook (Revenue, USD Million, 2018 - 2030)

• Multi-purpose

• Hydrogen Peroxide-based

Contact Lens Solution Usage Outlook (Revenue, USD Million, 2018 - 2030)

• 120mL

• 360mL

• 480mL

Contact Lens Solution Material Outlook (Revenue, USD Million, 2018 - 2030)

• Gas Permeable

• Silicone Hydrogel

• Hybrid Lens

Contact Lens Solution Distribution Channel Outlook (Revenue, USD Million, 2018 - 2030)

• E-commerce

• Eye Care Professionals

• Retail

Contact Lens Solution Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • Germany

  • UK

  • France

• Asia Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia

• Latin America

  • Brazil

• Middle East and Africa (MEA)

  • South Arabia

  • UAE

  • South Africa

List of Key Players in the Contact Lens Solution Market

• Alcon

• Bausch + Lomb.

• Allergan (AbbVie.)

• Ciba Vision (Alcon)

• CLB VISION (EYE WOOT Sdn Bhd)

• The Cooper Companies, Inc.

• FreshKon (Oculus Private Limited)

• INTEROJO

• Johnson & Johnson Vision Care, Inc.

• Menicon Co., Ltd.