Alcon Launches TOTAL30 Multifocal Contact Lenses For Patients With Presbyopia
Portfolio Pulse from Benzinga Newsdesk
Alcon (NYSE:ALC) has announced the global launch of TOTAL30 Multifocal, the first and only monthly Water Gradient multifocal contact lens. The lenses are designed to address the vision and comfort needs of the global multifocal market, which is growing faster than the overall contact lens category. The multifocal contact lens market is valued over $1 billion globally and growing double digit annually. The lenses have begun to roll out in the United States and in select international markets.
October 10, 2023 | 12:18 pm
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Alcon's launch of TOTAL30 Multifocal could potentially boost its revenues given the growing demand in the global multifocal market. The product's unique features and the company's strong market position could drive sales.
The launch of a new product in a growing market is typically a positive development for a company. Given Alcon's strong position in the eye care market and the unique features of the TOTAL30 Multifocal lens, it is likely that this product will be well-received and contribute to the company's revenues.
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