Question: MARKET STRUCTURES is there anything that can be asked about this comment? Thank You for any inputs or comments. Johnson and Johnson the maker of

MARKET STRUCTURES is there anything that can be asked about this comment?

Thank You for any inputs or comments.

"Johnson and Johnson the maker of the number one prescribed contact lens in the world [ACUVUE] is the focus of this discussion.Over the years since Johnson and Johnson acquired VistaKon one of the early contact lens manufacturers, the market for contact lenses has grown by leaps and bounds.At this point in time in 2021 there is a huge market for contacts and only a few major suppliers dominate the market.By 2025 this market is expected to grow to 20.2 Billion USD from 13.9 Billion USD in 2020.This growth is expected to help the bottom line of Johnson and Johnson as a company.

Currently the contact lens market is dominated by the following companies:Johnson and Johnson, Bausch and Lomb, Cooper Vision, Clerio Vision, Novartis / Alcon, Carl Zeiss, Essilor International, and Contamac.The contact lens industry has been a profitable move for Johnson and Johnson, and they have been able to utilize their size and clout in the medical devices industry to be effective in the contact lens market.Contact lenses are generally the same type of product (homogenous) with either Hydrogel Polymer soft lenses, gas permeable ones being the major choices.Companies differentiate by brand and advertising.As time has gone on - research and development of lenses of different corrections, colors and daily/short-term wear have taken place.ACUVUEis the leading prescribed lens in the world.

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