Global Ophthalmic Cleaning Solutions Market Size, Trends & Analysis - Forecasts to 2026 By Product Type (Eye Wash Solutions [Sterile Eye Wash Solutions and Irrigating Solutions], Contact Lens Solutions (Multipurpose Solutions and Hydrogen Peroxide Solutions), Eye/Optical Glasses Cleaner Solutions), By Distribution Channel (Online Pharmacy, Retail Pharmacy, and Hospital Pharmacy), By Region (North America, Asia Pacific, Europe, Latin America, Middle East & Africa), End-User Landscape, Company Market Share Analysis, and Competitor Analysis
Globally the increasing prevalence of eye problems is leading to a rapid surge in the demand for ophthalmic cleaning solutions. Thus, the market for ophthalmic cleaning solutions is expected to grow at a noteworthy rate during the forecast period of 2021 to 2026.
Cleaning solutions include several types of eyewash solutions, contact lens solutions, and optical glass cleaning solutions. This aids in keeping the eye clean and infection-free. Rising awareness about eye protection and the benefits of using high-quality eye care solutions are all acting as the prime contributor to the rising demand for ophthalmic cleaning solutions in the global markets. Also, almost 75% of the world's population uses some kind of visionary aid, namely glasses or contact lenses. Thus, the contact lens solutions and optical glass cleaner solutions are expected to witness skyrocketed growth throughout the forecast period.
Moreover, with the emergence of the COVID-19 pandemic, the cleanliness of eyes has become more essential. Also, this has led to the emergence of work from home (WFH) culture. Globally, this culture is expanding at a substantial rate due to the stringent COVID-19 norms and complete lockdown. As a result of these factors, eyewash solutions are in high demand because they keep the eyes fresh and free from all the stress caused by the increase in overall screen time. Moreover, this is expected to be continued in the near future as well, making the eye protection and ophthalmic care segment witness major sales growth. This will directly contribute to the globally increasing demand for ophthalmic cleaning solutions in the projected timeframe.
According to the product type, the global ophthalmic cleaning solutions market can be segmented into eyewash solutions, eye/optical glass cleaner solutions, and contact lens solutions. The eyewash solutions segment is the leader in the global market and has registered the highest sales during the forecast period because they are extremely helpful in keeping the eyes healthy and safe from infection.
These solutions are further divided as, sterile eyewash solutions and irrigating solutions. Among these, sterile eyewash solutions are the most popular as it is used after many major eye surgeries in hospitals and other medical centers. It helps to refresh stressed eyes, washes off any dust particles from the eyes, and soothes irritating or burning sensations.
On the other hand, the eye/optical glass cleaner solutions are expected to achieve the highest CAGR during the projected timeframe. Based on a report published by the Vision Council of America, almost 75% of adults need some type of vision aid products and almost 64% of them use glasses. This shows that the demand for ophthalmic cleaning solutions will rise at a significant rate. Moreover, to avoid infections and to clean the glasses that might have any dust or smoke settled on them, optical glass cleaner solutions are used. This trend is expected to make the ophthalmic cleaning solutions market witness continued growth in the projected timeframe.
Contact lens solutions are also expected to grow at a steady rate owing to the surge in inclination towards modern eye care products. However, globally, only 11% of eye patients prefer wearing contact lenses, which shows that the overall demand for contact lens solutions is much less than its other counterparts. However, owing to the extra comfort provided by these contact lenses, the demand is expected to grow significantly in the future, which will directly lead to a higher demand for contact lens solutions.
According to the distribution channel, the market for ophthalmic cleaning solutions can be divided into three main categories: online pharmacy, hospital pharmacy, and retail pharmacy. Among these, the segment of hospital pharmacy is expected to be the leader of this particular segment.
Hospitals perform most of the eye surgeries and use the highest proportion of sterile eyewash and hydrogen peroxide solutions to keep the eyes infection-free. Thus, the hospital segment is anticipated to dominate the ophthalmic cleaning solutions market during the forecast period.
Moreover, hospitals prescribe eyewash solutions to patients who wear glasses and contact lenses. In particular, contact lens users are advised to use eyewash solutions as they are most prone to infections, which makes the hospitals lead in this segment.
Apart from that, the online pharmacy is expected to be the fastest-growing segment and achieve the highest CAGR in the ophthalmic cleaning solutions market during the forecast period. With the onset of the ongoing pandemic in the year 2020, many people have become reliant on online pharmacy outlets to buy the required prescription drugs, as they bring the medications to the consumers' doorstep. Moreover, these online retailers provide different types of offers and discounts, which lower the overall price of eye cleaning solutions, making customers order from the online pharmacy.
As per the geographical analysis, the market can be classified into North America (the United States, Canada, and Mexico), Asia Pacific (India, China, Japan, Malaysia, Singapore, and Rest of Asia Pacific), Europe (Germany, United Kingdom, Italy, France, Spain, Netherlands, and Rest of Europe), Middle East & Africa (Saudi Arabia, United Arab Emirates, and Rest of the Middle East & Africa) and Central South America (Brazil, Argentina, and Rest of Central and South America). The North American region is anticipated to dominate the ophthalmic cleaning solutions market by achieving the largest portion of the global revenue. With the increasing investments in healthcare research and development projects, the production of innovative high-quality ophthalmic cleaning solutions is rising. Also, the pharmaceutical companies of this region are experts in developing advanced and more effective solutions for optical care.
Moreover, due to the growing income and increasing consciousness amongst people about the benefits of effective eye care solutions, the demand for ophthalmic cleaning solutions is anticipated to rise at a significant rate. This is also causing an increase in demand for various types of eyewash, glass cleaning solutions, and lens solutions, creating a hostile environment for the regional growth of ophthalmic cleaning solutions during the forecast period.
The Asia Pacific region is expected to be the fastest-growing region in this market. Many people are suffering from visionary complications as a result of the increasing availability and use of low-cost electronic devices, which is leading to eye surgeries and the use of glasses or lenses. This acts as a primary growth contributor for the ophthalmic cleaning solutions regional market.
Also, the expanding number of pharmaceutical industries in this region is leading to a surge in the production rate of such ophthalmic cleaning solutions. This is expected to increase the overall revenue earned by this region during the forecast period.
STAAR Surgical, Johnson & Johnson Vision Care, Luneau Technology EssilorLuxottica, Bausch + Lomb,Ziemer Ophthalmic Systems, Carl Zeiss Meditec Topcon, Oculentis, Canon, Glaukos Corporation, Heidelberg Engineering, Alcon, Heine Optotechnik, HOYA Corporation, ClearLab, NIDEK, and Neo Vision are some of the most significant players in this market.
Please note: This is not an exhaustive list of companies profiled in the report.
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The Global Ophthalmic Cleaning SolutionsMarket has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.
The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Ophthalmic Cleaning Solutions Market.
The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.
Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.
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