European Lens Cleaning Market
Report ID: SQMIR25S2053
European Lens Cleaning Market Size, Share, Growth Analysis, By Type(Fluid, Microfiber Cloth, Others), By Application(Glass Care, Microscope Care, Camera Care, Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIR25S2053 |
Region:
Regional |
Published Date: February, 2024
Pages:
265
|Tables:
64
|Figures:
75
European Lens Cleaning Market Insights
European Lens Cleaning Market size was valued at USD 3338.14 million in 2019 and is poised to grow from USD 3405.9 million in 2023 to USD 4081.16 million by 2031, growing at a CAGR of 2.03% in the forecast period (2024-2031).
Lens cleaning products are used for cleaning and disinfecting lenses. The items play a vital role in enhancing the hygiene and safety of contact lenses. Cleaning solutions are highly recommended for spectacle and contact lens cleaning. Wipes and tissues, on the other hand, are commonly used for cleaning digital cameras. Wipes are available in both wet and dry forms, depending on the end-user preference. Cleaning solutions are offered in different types of packaging such as spray bottles, pouches, and tubes. The key factors that drive the growth of the european lens cleaning market includes an increased prevalence of various eye disorders, increased trends of adoption of advanced digital cameras along with the consumers shift with the fast fashion. Advent of fashionable eyeglasses is also likely to support the market growth.
A growing number of spectacle wearers and contact lens users in these economies contributes to the growth of the market. As per European Council of Optometry and Optics, Belgium, Denmark, UK Switzerland, and others are some of the key countries that holds a significant share of spectacles and contact lens wearers. This is likely to contribute to the market growth, as with an increased number of eyeglasses and contact lenses, an increased number of cleaning products will be required.
European Lens Cleaning Market is poised to grow at a sustainable CAGR for the next forecast year.
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European Lens Cleaning Market Segmental Analysis
The European lens cleaning market is segmented based on the type, application, and country. Based on the type, European Lens Cleaning Market is segmented into fluid, microfiber cloth, and others. Based on application, European Lens Cleaning Market is segmented into glass care, microscope care, camera care, and other. Based on country, European Lens Cleaning Market is categorized into Germany, UK, Spain, Italy, Scandinavia, and Rest of Europe.
European Lens Cleaning Market Analysis by Type
The European lens cleaning market is segmented based on type into fluid, microfiber cloth, and others. the fluid segment dominated the european lens cleaning market with more than 47% share in 2021. The growth of the segment is attributed to the availability of the diverse range of products in the market. Lens cleaning solutions are among the widely accepted product for the lens cleaning, which supports the market growth. Increased adoption of fast fashioned contact lenses also supports the segmental growth as the cleaning of contact lenses can only be done by cleaning solutions. Hence, this supports the segmental growth of the market.
European Lens Cleaning Market Analysis by Application
The European lens cleaning market is segmented based on application into glass care, microscope care, camera care, and other. Among these, the glass care segment dominated the market with more than 80% share. The growth of the segment is attributed to the increasing demand for the cleaning products for the glasses across the region. Increased prevalence of various eye disorders is also contributing aiding the market growth, as eyeglasses are recommended by ophthalmologists as a part of treatment and eyecare. Thus, this also contributes to the growth of the market during the forecast period. European camera care market is growing at a CAGR of 2.0% during the forecast period. The growth of the segment is attributed to the demand from the consumers for the cleaning of expensive camera lenses. Increased applications of digital camera in entertainment, media, and sports drives the market growth; however, the high costs associated with camera lens, advent of smartphones with excellent camera qualities are some of the factors that slows the adoption of cameras; which influences the segmental growth. Nevertheless, increased interests of millennials in photography, content creation positively influence the market growth during the forecast period.
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European Lens Cleaning Market Regional Insights
The European lens cleaning market is studied on the basis of countries as Germany, UK, Spain, Italy, Scandinavia, and Rest of Europe. Among these, Rest of European region dominated the market with more than 28% share. The Rest of European comprises countries such as Denmark, Norway, Sweden, Finland, Iceland, Faroe Islands, Greenland, and Aland. A growing number of spectacle wearers and contact lens users in these economies contributes to the growth of the market. As per European Council of Optometry and Optics, Belgium, Denmark, UK Switzerland, and others are some of the key countries that holds a significant share of spectacles and contact lens wearers. This is likely to contribute to the market growth, as with an increased number of eyeglasses and contact lenses, an increased number of cleaning products will be required.
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European Lens Cleaning Market Dynamics
European Lens Cleaning Market Driver
The growth in visual disorder, as well as the rising reliance on vision-improving products
- The eyewear market is projected to expand at an exponential rate, driving the market growth for lens cleaning products. Vision impairment is a common problem in Europe. Coupled with an aging population across the continent, the prevalence of such problems may increase in the future. Eyesight impairments can range from slight vision abnormalities to complete blindness. Common causes of sight loss include refractive disorders, cataracts, macular degeneration, and glaucoma. In 2020, in Western Europe, there were over 8.5 million people affected with moderate-severe vision loss as a result of refractive disorders. On the other hand, glaucoma caused blindness for almost 38,000 people, and cataracts was the cause of blindness for around 52,000 individuals. Thus, with increasing incidences of visual disorders will create a significant scope for the market growth.
European Lens Cleaning Market Challenges
Added cost of lens cleaning solutions
- Lens cleaning is an added cost for users along with the cost of the lenses. The increasing maintenance cost of lenses is expected to be a major challenge. The development of new low-maintenance lenses is expected to be a restraining factor for the lens cleaning products market. Customers prefer buying lens cleaning products for maintaining expensive and high-end products such as branded sunglasses, digital cameras, and others. A typical buyer who is purchasing a low-cost item is unlikely to purchase lens cleaning supplies.
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European Lens Cleaning Market Competitive Landscape
The European lens cleaning market is highly fragmented due to the presence of both local and international players. Growing strategic partnerships among leading companies for product expansion have been critical to the market's growth during the forecast period. Major players are collaborating with the E-Commerce platform to sell its product to consumers and resellers. For Trade Sales, Players are collaborating with B2B E-Commerce platforms such as Europages, Manomano, Europebloombiz, Madeinindonesia, Lens Clens Europe, and others. For instance, Product Concept, a UK-based company has listed its product portfolio on Europages as a part of its B2B sales strategy.
European Lens Cleaning Market Top Player's Company Profiles
- Carl Zeiss AG
- Essilor International SA
- HOYA Corporation
- Bausch + Lomb
- Johnson & Johnson Vision Care
- Nikon Corporation
- Luxottica Group S.p.A.
- Safilo Group S.p.A.
- Alcon Inc.
- CooperVision Inc.
- Novartis AG
- Rodenstock GmbH
- Seiko Optical Europe GmbH
- Silhouette International Schmied AG
- Shamir Optical Industry Ltd.
- Signet Armorlite, Inc.
- Zeiss Vision Care
- Marcolin S.p.A.
- De Rigo Vision S.p.A.
- Kering Eyewear S.p.A.
European Lens Cleaning Market Recent Developments
- In June 2021, Volk Optical announced the launch of their new device, the ClearPod, which seeks to eliminate mask-related fogging during fundus examinations. This patent-pending design was developed in partnership with Wheaton Eye Clinic, Illinois, ophthalmologists Bradley Sacher, MD, a cataract expert, and Jeremy Wingard, MD, a glaucoma specialist.
European Lens Cleaning Key Market Trends
- The trend of multifunctional lens cleaning solutions is likely to offer attractive prospects for market expansion. Many corporations are investing in R&D initiatives in order to launch novel formulations. Scientific and clinical research is propelling continual innovation. Key corporations are collaborating with lens makers to better understand customer demands.
European Lens Cleaning Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our European Lens Cleaning market analysis, Industry players in the Lens Cleaning Products category serve their customers on online platforms but also through offline stores. The customers can buy the products through the omnichannel presence of the players from their brick-and-mortar stores, ordering online through their app or website, Retail stores, and other E-Commerce platforms. Amazon UK has most of the listing of products in the lens cleaning category and has been considered as the bestselling platform having a good reach to the customers all across the European market. Further, an increased prevalence of various eye disorders, for treatment of which various eye glasses, sunglasses and contact lenses are recommended; this, again is contributing to the growth of the market during the forecast period.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 3338.14 million |
| Market size value in 2031 | USD 4081.16 million |
| Growth Rate | 2.03% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Million |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on European Lens Cleaning Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on European Lens Cleaning Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the European Lens Cleaning Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the European Lens Cleaning Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the European Lens Cleaning Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the European Lens Cleaning Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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