During the forecast period, the industry is expected to experience a return to historical growth rates driven by factors such as demographics, population growth, GDP, and new fits. However, the overall value growth is anticipated to decline in the mid-forecast period due to a shift in consumer preferences.
Bausch and Lomb Corporation successfully separated from Bausch Health Cos Inc in 2022, becoming an independent company listed on the New York (NYSE) and Toronto (TSE) Stock Exchanges. This separation allows Bausch + Lomb Corporation to concentrate exclusively on eye health and expand its business through the introduction of new products.
The forecast period will witness ongoing innovation as industry players develop new products to cater to the growing consumer interest in health. For instance, Bausch and Lomb introduced the Biotrue Advanced Multi-Purpose Solution in late 2022.
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Understand the latest market trends and future growth opportunities for the Contact Lenses and Solutions industry in Canada with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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Contact Lenses and Solutions
Contact lenses and Solutions is the aggregate of contact lenses and contact lens solution.
See All of Our DefinitionsThis report originates from Passport, our Contact Lenses and Solutions research and analysis database.
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