
CooperVision is a wholly-owned division of The Cooper Companies, Inc., a publicly traded medical device company listed on the Nasdaq Global Select Market under the ticker COO. CooperVision was incorporated in 1980 as part of Cooper Laboratories and is headquartered in Pleasanton, California. It is the second-largest contact lens manufacturer globally by market share, with fiscal 2025 revenue of approximately $2.74 billion.
Parent Company
The Cooper Companies, Inc.
Founded
1980
Status
Publicly Traded
Headquarters
| Brand | Parent Company | Ownership Type |
|---|---|---|
| CooperVision | The Cooper Companies, Inc. | Wholly owned |
CooperVision's origins trace back to 1958, when Parker Montgomery founded Cooper Laboratories. Montgomery, a Harvard-educated attorney, built Cooper Laboratories through acquisitions in the healthcare equipment and services industry. The company changed its name from Martin H. Smith Co. to Cooper Laboratories, Inc. in 1967.
In 1978, Cooper Laboratories reorganized into five independent business units focused on specialized market segments: Cooper Laboratories, CooperVision, Cooper Dental, Cooper Medical Devices, and Cooper International. CooperVision was formally incorporated in 1980 as the contact lens focused division. The company went public in 1983.
In 1987, CooperVision, Inc. changed its name to The Cooper Companies, Inc. and organized into three groups: Cooper Technicon, CooperSurgical, and CooperVision. This restructuring established the corporate framework that persists today, with CooperVision as the largest revenue-contributing division.
A notable early product milestone came in 1979, when CooperVision introduced Permalens, the first contact lens approved for 30-day continuous wear. This was a meaningful innovation in extended-wear lenses and helped establish CooperVision's reputation in specialty contact lens design.
Through the 1990s and 2000s, CooperVision expanded its portfolio through acquisitions and internal development. The company built strength in toric lenses for astigmatism and multifocal lenses for presbyopia, segments that required more complex optical designs than standard spherical lenses. This specialization differentiated CooperVision from competitors that focused primarily on spherical daily disposables.
The Biofinity line, launched in the late 2000s, became one of CooperVision's most successful products. Biofinity uses a proprietary silicone hydrogel material called comfilcon A with Aquaform technology, which bonds water into the lens material for moisture retention without surface coatings. Biofinity is available in spherical, toric, and multifocal designs, making it one of the broadest single-platform lens families on the market.
The MyDay line introduced a daily disposable silicone hydrogel lens using stenfilcon A material. The Clariti line offers a more affordable daily disposable option. The Avaira line provides a two-week replacement silicone hydrogel lens.
In November 2019, CooperVision's MiSight 1 day contact lens became the first and only product approved by the U.S. Food and Drug Administration to slow the progression of myopia in children aged 8 to 12 at the initiation of treatment. This regulatory approval positioned CooperVision as a leader in the emerging myopia management category. MiSight received approval from China's National Medical Products Administration in August 2021 and from Japanese regulators, expanding its global reach.
In June 2023, CooperVision announced a $500 million multi-year investment to expand operations in Puerto Rico. The plan includes enlarging production facilities in Juana Diaz and establishing a new global manufacturing site in Ponce, which will manufacture MiSight 1 day among other products. This investment reflects CooperVision's commitment to scaling capacity for growing product lines.
CooperVision reported fiscal 2025 revenue of $2,743.8 million, up 5 percent from fiscal 2024. The segment grew 5 percent on a constant currency basis and 5 percent organically. Growth was driven by daily disposable lenses and the myopia management portfolio.
What does CooperCompanies own?
CooperCompanies owns two business segments. CooperVision manufactures and markets contact lenses under brands including Biofinity, MyDay, Clariti, Avaira, and MiSight 1 day, along with private label lenses. CooperSurgical provides fertility and women's health products including IVF media, culture oil, catheters, and the PARAGARD intrauterine device. The company sells products in over 130 countries.
Is CooperCompanies publicly traded?
Yes. The Cooper Companies, Inc. trades on the Nasdaq Global Select Market under the ticker symbol COO. The company files annual reports (Form 10-K) and quarterly reports (Form 10-Q) with the U.S. Securities and Exchange Commission. Its fiscal year ends on October 31. CooperCompanies is a component of the S&P 500 index.
Who founded CooperCompanies?
CooperCompanies was founded in 1958 as Cooper Laboratories by Parker Montgomery, a Harvard-educated attorney who built the company through acquisitions in the healthcare equipment and services industry. The company was originally called Martin H. Smith Co. before changing its name to Cooper Laboratories, Inc. in 1967. The current corporate structure was established in 1987.
What is CooperCompanies' revenue?
CooperCompanies reported fiscal 2025 revenue of $4,092.4 million, up 5 percent from $3,895.4 million in fiscal 2024. The fiscal year ended October 31, 2025. CooperVision contributed $2,743.8 million, and CooperSurgical contributed $1,348.6 million. The company provided fiscal 2026 revenue guidance of $4,299 to $4,338 million.
Where is CooperCompanies headquartered?
CooperCompanies is headquartered in San Ramon, California. The CooperVision division maintains its operational headquarters in Pleasanton, California. CooperVision also has offices in Victor and Fairport, New York. Manufacturing facilities are located in Puerto Rico, New York, Costa Rica, Hungary, and the United Kingdom.
What is MiSight 1 day?
MiSight 1 day is a daily disposable soft contact lens approved by the FDA in November 2019 as the first and only product to slow the progression of myopia in children aged 8 to 12 at the initiation of treatment. It has also received approval in China and Japan. MiSight is a key growth product for CooperVision and is manufactured at the Ponce, Puerto Rico facility.
Has CooperVision had any recalls?
Yes. CooperVision issued several voluntary Class II recalls in 2024 and 2025 affecting MyDay Toric, Biofinity XR Toric, Biofinity Toric Multifocal, and Sofmed Breathables lenses. Issues included incorrect cylinder power, leaking blister seals, and invalid sterilization cycles in specific lots. All were classified as Class II by the FDA, and no permanent injuries were reported.
CooperVision operates a plastic neutrality program in partnership with Plastic Bank, launched in 2021. The program funds the collection and recycling of ocean-bound plastic equivalent to the weight of plastic used in participating CooperVision soft contact lens products, including the lens, blister, and packaging. As of January 2024, CooperVision reported collecting approximately 5.3 million kilograms of plastic through this partnership. The program covers 27 countries across the Americas, Europe, and Asia-Pacific. CooperVision states it is the first contact lens manufacturer to provide a full range of plastic neutral soft contact lenses.
Several CooperVision manufacturing sites hold green building certifications. The Alajuela and Coyol, Costa Rica facilities are LEED Gold certified. The Juana Diaz, Puerto Rico site is LEED Gold certified. The Scottsville and West Henrietta, New York sites are LEED Silver certified. The Mount Park, United Kingdom facility holds a BREEAM certification. A Madrid, Spain office is LEED certified.
CooperVision has not announced a formal net-zero target or science-based emissions reduction commitment as of August 2026. The company's sustainability reporting focuses on manufacturing efficiency, waste reduction, and the plastic neutrality program rather than comprehensive carbon accounting.
CooperVision's MiSight 1 day received FDA approval in November 2019 as the first soft contact lens to slow myopia progression in children aged 8 to 12. This regulatory milestone is documented in FDA clearance records and represents a category-defining approval. MiSight subsequently received approval from China's NMPA in August 2021 and from Japanese regulators.
The Biofinity family was named the best overall contact lens family by ContactLens.com's 2026 best contact lenses guide, recognized for covering standard, toric, and multifocal prescriptions within a single silicone hydrogel platform. Biofinity Multifocal was named best multifocal contact lens by Vision Center's 2026 eye doctor survey.
CooperVision's manufacturing facilities in Costa Rica and Puerto Rico have received LEED Gold certification from the U.S. Green Building Council, recognizing energy and environmental design standards.
CooperVision has issued several voluntary Class II recalls in 2024 and 2025, all managed through standard FDA recall procedures. In February 2025, the company recalled 33,990 MyDay Toric lenses (FDA recall Z-1455-2025) due to incorrect cylinder power in a limited number of lots. The recall affected lenses sold under multiple brand names including MyDay Toric, Kirkland Signature Toric Premium Daily Disposable, and various private label versions.
In June 2025, CooperVision recalled Biofinity XR Toric lenses (Z-2165-2025, 397 units) and Biofinity Toric Multifocal lenses (Z-2166-2025) due to blister seals that were incomplete or leaking, potentially rendering lenses unsterile. In August 2025, the company recalled MyDay Toric lenses (Z-2606-2025, 4,140 units), Sofmed Breathables (Z-2607-2025, 180 units), and Voyant 1-Day Premium Toric (Z-2608-2025) due to an invalid sterilization cycle in one lot. An earlier August 2024 recall affected 607 Biofinity XR Toric lenses (Z-3310-2024) due to a misaligned axis causing incorrect power.
All of these recalls were classified as Class II by the FDA, meaning the products could cause temporary adverse health consequences but were unlikely to cause permanent injury. No deaths or permanent injuries have been reported in connection with these recalls. The recall volumes were small relative to CooperVision's total production, and each was limited to specific lot numbers.
No major FDA Warning Letters have been issued to CooperVision manufacturing facilities as of August 2026, per publicly available FDA inspection records.
These competing brands operate in the same categories and provide similar products or services. Compare key attributes to understand market positioning and competitive landscape.
| Brand | Parent Company | Country | Founded | Market Position | Primary Market | Gender Target |
|---|---|---|---|---|---|---|
| Bausch Lomb | Canada | 1853 | Leader | Global | Unisex | |
| Menicon | Singapore | 2006 | Mass market | Asia pacific | Unisex | |
| Johnson Johnson | USA | 1987 | Mass market | Global | All Genders | |
| Alcon | Switzerland | 1945 | Leader | Global | Unisex | |
| Menicon | Japan | 1951 | Leader | Asia pacific | Unisex |
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Market Positioning: CooperVision competes with 5 brands in the same categories, ranging from mass market to luxury positioning.
Geographic Distribution: Competitors are headquartered across multiple regions, indicating global competition in this market segment.
Brand Heritage: Competitor brands range from established heritage brands to newer market entrants, with founding years spanning several decades.
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