Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.), Alcon, Inc., CooperVision (A Subsidiary of The Cooper Companies Inc.) are Dominating the Latin America Contact Lenses Market in 2019

Latin America Contact Lenses Market is expected to grow with the CAGR of 4.8% in the forecast period of 2020 to 2027. The years considered for study are as mentioned below.

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Latin America contact lenses market is a highly consolidated market, which includes specific number of key players as well as local players. The market has witnessed increased strategic developments owing to favourable market scenario.

The major players dealing in Latin America contact lenses market are introducing strong range of product portfolio. This helped companies to maximize the sales with enhanced product portfolio. For instance, in February 2020, CooperVision (A Subsidiary of The Cooper Companies Inc) received FDA approval for their new product Biofinity toric multifocal Contact Lenses. After receiving approval company commercialized their product inti the market and generate more revenue.

Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.) is dominating player in Latin America contact lenses market. The other key players existing in the market includes BAUSCH + LOMB INCORPORATED (A subsidiary of Bausch Health Companies Inc.), Essilor (A Subsidiary of EssilorLuxottica), Carl Zeiss AG, HOYA VISION CARE COMPANY (A Subsidiary of HOYA CORPORATION), ALCON, INC., CooperVision (A Subsidiary of The Cooper Companies Inc.), Menicon Co., Ltd., Solótica Indústria e Comércio Ltda, SynergEyes, and Optolentes, and Contamac among others.

Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.)  

Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.) headquarters is in Florida, U.S. The company is engaged in the research and development, manufacturing and sale of a wide range of products in the eye health care field across the world. The company provides products in various categories such as contact lens products, ocular surface care, surgical products, out of these contact lens products is the market focused category.  

• In May 2019, Johnson & Johnson Vision Care, Inc. (A Subsidiary of Johnson & Johnson Services, Inc.) has showcase new product portfolio of contact lens as well as surgical technologies to support the rising burden of myopia in the Vision and Ophthalmology Annual Meeting (ARVO). After participation in such event company has enhanced their credibility in the market

The company has presence in Europe, North America, Asia-Pacific, Middle East & Africa, and South America.

Alcon, Inc.

Alcon, Inc.is headquartered in Geneva, Switzerland, was founded in 1945. The company is engaged in manufacturing and commercializing of wide range of eye care products across the word. The company has multiple business segment that is surgical, vision care, out of which vision care is the market focused segment. The company provide product in ocular health, contact lenses & solutions, refractive technology, cataract surgery, vitreoretinal surgery in this contact lenses & solutions is the market focused category.

• In August 2019, Alcon, Inc., has launched PRECISION1 which is a daily disposable contact lenses mane up of silicone hydrogel (SiHy). The company has planned to launch this product in the 2020 financial year. The company will enhance their product portfolio after launching this product

The company has wide global presence across North America, South America, Middle East and Africa, Europe, Asia Pacific. The company has various subsidiaries True Vision Systems, Inc. (Thailand), Alcon Japan Ltd. (Japan), Alcon Laboratories Ireland Ltd. (Ireland) and Tear Film Innovations Inc. (U.S) among others.

CooperVision (A Subsidiary of The Cooper Companies Inc.)

CooperVision (A Subsidiary of The Cooper Companies Inc.) headquartered in California, U.S. was founded in year 1980. The company is engaged in manufacturing and commercializing of soft contact lenses and related products and services across the world. The company offers wide range of product such as avaira vitality family, biofinity family, proclear family, biomedics family, clariti family 1 day, solutions for contact lenses in which avaira vitality family, biofinity family, proclear family, biomedics family, clariti family 1 day is market focused products. 

• In February 2020, CooperVision (A Subsidiary of The Cooper Companies Inc) received FDA approval for their new product Biofinity toric multifocal Contact Lenses. After receiving approval company commercialized their product inti the market and generate more revenue

The company has wide global presence across the world as North America, South America, Europe, Asia-Pacific, Middle East and Africa.