Global Eye Drops for Contact Lens Market Size, Share and Trends Analysis Report, and By Distribution Channel (Online Channel and Offline Channel), Forecast (2022-2028)

The eye drops for contact lens market is anticipated to grow at a significant CAGR of 4.7% during the forecast period (2022-2028). Rewetting drops are a common name for contact lens eye drops. Rewetting drops lubricate the eye and hydrate the contact lens, making wearing the lenses more pleasant. Rewetting drops are commonly recommended by eye care specialists as they increase comfort and help eliminate debris from behind the contact lenses. The major factor contributing to the growth of the global eye drops for contact lens market includes the rising usage of contact lenses among people. The lenses are now being preferred over specs.

The global eye drops for contact lens market is segmented based on the distribution channel. Based on the distribution channel, the market is sub-segmented into online channels and offline channels. Among these segments, the offline channel segment is expected to propel the growth of the market due to the increasing purchases of these eye drops from drug stores and offline pharmacies.

The market players are also contributing significantly to the market’s growth by adopting various strategies, including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market. For instance, in March 2022, Johnson & Johnson Vision Care Inc. announced that the US Food and Drug Administration (FDA) had approved ACUVUE Theravision with Ketotifen, (A drug-eluting contact lens with ketotifen). Each lens contains 19 mcg ketotifen. Ketotifen is a well-established antihistamine. ACUVUE Theravision with Ketotifen is the first in an entirely new category of contact lenses and brings forward a new wearing experience for contact lens wearers with allergic eye itch. ACUVUE Theravision with Ketotifen are daily disposable contact lenses that are used to treat ocular irritation caused by allergic conjunctivitis and to correct vision in patients who do not have red eyes, and have less than 1.00 D of astigmatism.

Market Coverage

• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
  • By Distribution Channel
• Regions Covered-
  • North America
  • Europe
  • Asia-Pacific
  • Rest of the World
• Competitive Landscape- Bausch & Lomb Pvt. Ltd., Alcon Vision LLC, Lyon Contact Lens Centre, Rohto Eye Drops, Ginko International Co. Ltd., Johnson & Johnson Services Pvt. Ltd., and Allergan PLC, among others.

Key questions addressed by the report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?

Global Eye Drops for Contact Lens Market Report by Segment

By Distribution Channel

• Online Channels
• Offline Channels

Global Eye Drops for Contact Lens Market Report by Region

North America

• United States
• Canada

Europe

• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe

Asia-Pacific

• China
• India
• Japan
• Rest of Asia-Pacific

Rest of the World

• Latin America
• Middle East & Africa