DUBLIN--(BUSINESS WIRE )--The "Contact Lens Solutions - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.

Global Contact Lenses Cleaning Solutions Market to Reach $3.1 Billion by 2027

Amid the COVID-19 crisis, the global market for Contact Lenses Cleaning Solutions estimated at US$2.5 Billion in the year 2020, is projected to reach a revised size of US$3.1 Billion by 2027, growing at aCAGR of 3.2% over the period 2020-2027. Multi Purpose, one of the segments analyzed in the report, is projected to record 2.9% CAGR and reach US$2.2 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Hydrogen Peroxide-based segment is readjusted to a revised 3.8% CAGR for the next 7-year period.

The U.S. Market is Estimated at $866.3 Million, While China is Forecast to Grow at 4.2% CAGR

The Contact Lenses Cleaning Solutions market in the U.S. is estimated at US$866.3 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$290.7 Million by the year 2027 trailing a CAGR of 4.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 2.4% and 2.7% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 2.6% CAGR.

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ResearchAndMarkets.com Laura Wood, Senior Press Manager press@researchandmarkets.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900