Tuesday, 26 September 2023 12:15 GMT

Johnson, Johnson's Contact Lens Delivery Suspension Impacts Russia's Market

(MENAFN) Johnson & Johnson, a prominent American pharmaceutical company, is reportedly planning to halt its delivery of contact lenses to Russia. The decision was disclosed by the corporation's official distributor in the country and has raised concerns about the availability of contact lenses in the Russian market. According to Kommersant, a Russian newspaper, Johnson & Johnson had already informed retailers about the forthcoming suspension of supplies.

The contact lens market in Russia is largely dominated by manufacturers from the United States, with their collective market share estimated to be at least 70 percent. Johnson & Johnson's popular brands, such as Acuvue Oasys and Acuvue True Eyes, contribute significantly to the overall volume of contact lens sales in Russia, accounting for approximately half of the market. The potential suspension of supplies from Johnson & Johnson is anticipated to create a shortage of lenses, as highlighted by Kommersant.

In the absence of US-made lenses, consumers in Russia will have to explore alternative options. While brands manufactured in China and South Korea exist, they are not widely available in the Russian market, as per Kommersant's report. Additionally, domestic brands currently represent only up to 15 percent of the market share. However, the Ministry of Industry and Trade in Russia has assured that the country possesses the capability to expand production and fully compensate for any potential loss of American imports.

In summary, Johnson & Johnson's plan to suspend deliveries of contact lenses to Russia has sparked concerns about the availability of lenses in the country. The Russian market heavily relies on US manufacturers, with Johnson & Johnson playing a significant role. The absence of these lenses may lead to a shortage, although Russia has the capacity to increase domestic production and mitigate the impact of the potential loss of American imports.


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