Contact lenses and solutions registered growth of 4% in volume terms and 3% in current value terms in 2016. The major driver of contact lenses and solutions is DD lenses, as this accounted for 69% of total contact lenses and solutions volume sales in 2016. DD lenses continued to grow in 2016 and took share from conventional lenses over the review period. A wider product availability, a greater range of brands and prescription types as well as consumer preferences for DD lenses due to their convenience and comfort contributed to maintaining growth for DD lenses.
The contact lenses and solutions category in the US is much consolidated, as leading global players such as Johnson & Johnson, Alcon Laboratories, CooperVision and Bausch & Lomb accounted for 69% of total category sales in 2015. While being recognised as major brands globally, these players have built a strong presence due to their extensive product portfolios, which cover multiple categories from DD lenses to FRP lenses as well as from clear lenses to cosmetic lenses.
Value sales of contact lenses and solutions are expected to post a CAGR of 2% at constant 2016 prices over the forecast period. The DD lenses category is expected to continue to record strong growth, with a value CAGR of 6% at constant 2016 prices being predicted, while FRP lenses are projected to register a value CAGR of 2%. Conventional lenses is likely to post a steep decline as a result of the category shift to DD lenses.
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Understand the latest market trends and future growth opportunities for the Contact Lenses industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
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This report originates from Passport, our Contact Lenses research and analysis database.
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