Market Forecast by Countries (China, India, Japan, Australia, Indonesia, Philippines, Thailand, Malaysia, Rest of Asia), By Material (Gas Permeable, Silicone Hydrogel, Hybrid), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented), By Distribution Channel (E-commerce, Eye Care Practitioners, Retail), By Usage (Daily Disposable, Disposable, Frequently Replacement, Traditional) And Competitive Landscape
Product Code: ETC076245 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific Contact Lenses Market is expected to witness growth over the upcoming years. The growing research and increasing awareness for eye care are important aspects that have boosted Asia Pacific contact lenses market. The customer attraction due to the easy availability of different contact lenses of their liking is also a plus point. The increasing geriatric, as well as the overall population, helps the market grow. The various government schemes regarding healthcare in developed as well as developing countries are also positively impacting the contact lenses market. However, availability issues of different raw materials, lack of proper knowledge in rural regions, and lack of experienced ophthalmologists are the restraints of Asia Pacific contact lenses market. Due to COVID-19, the contact lenses market of Asia Pacific has shown substantial downfall, the reasons being the safety as well as availability concerns. The usage of daily disposable lenses over spectacles has more potential of transmitting germs. But the study shows that this effect will be compensated in a short period.
According to 6Wresearch, Asia Pacific Contact Lenses Market size is anticipated to register growth during 2021-2027. The contact lenses market of Asia Pacific is expected to show substantial growth over the forecast period. The major countries of Asia Pacific include China, Japan, South Korea, India, Singapore, and Australia. The contact lenses market of China is expected to proliferate. The reason for this being the increasing inclination of the people towards a healthy lifestyle. The growth of the contact lenses market in Japan is expected to be sluggish. The negative impact of the declining population in Japan is countered by the rigorous adapting of contact lenses by old age people. Young consumers who want to maintain a natural look have also pushed this growth in a positive direction. In the contact lenses market of South Korea, daily disposable lenses surge the highest as they offer greater sanitization. The market share of frequently replaced lenses to daily replaced lenses is almost the same. The contact lenses market of India has shown substantial growth and is forecasted to do so due to the rise and ease in customer accessibility. The growing fondness of the customer towards contact lenses due to the rise in retail as well as online modes is also had a positive impact, other than this, the rising cases of different dysfunction of the eyes are also supporting this boom. The increasing number of geriatric populations is a plus point in terms of increment in usage of contact lenses. In Australia Johnson and Johnson has held a firm grip over the total stake in the contact lenses market which is expected to continue over the forecasted period.
When differentiated by materials, the market is divided into segments like soft contact lenses, silicone hydrogel lenses, hybrid contact lenses, and polymethyl methacrylate (PMMA) lenses, rigid gas permeable lenses. By design, the segmentations are spherical, bifocal, orthokeratology, and toric. In China, the increasing promotional activities by brands and the development of online retailing have greatly boosted sales. Due to the prevalent situation, the current trends of decline are still going to continue for a while. But the daily disposable lenses are expected to grow in china regardless of the COVID-19. The main driver for this is the convenience among customers as daily disposable lenses do not require consistent cleaning. Similarly, contact lenses have become popular among the recent young generations as they prefer looks without spectacles. For displaying attractive features contact lenses are proven quite less time-consuming and beneficial, thus contributing as a great driver of this market. In Japan, working women while at work and females for attaining certain fashionable looks also help in fueling this market. The contact lenses market in Japan is dominated by international companies such as Johnson & Johnson, Alcon Japan Ltd, Bausch & Lomb Inc, and CooperVision Inc. due to their superiority in the quality of the disposable type of lenses. Domestic companies such as Menicon Co Ltd, Seed Co Ltd, Toray Industries Inc., and Hoya Corp have very little stake in the contact lenses market of Japan. In South Korea, companies like Johnson & Johnson Korea Co Ltd lead the contact lenses market with their brand Acuvue. The second biggest market share is held by Bausch & Lomb Korea Inc. The difference between the market share between Johnson & Johnson Korea Co Ltd and other brands is very huge and thus there is a dominance of Acuvue in the Korean market. Global brands are expected to stay prevailing due to high brand acknowledgement and the predominant retail selling force, which gives them a bit of leeway. Domestic brands are probably going to endeavour to go up against these global brands. Due to health-related and safety concerns, the population in India is more inclined towards global brands. The major stakeholder in India is Bausch & Lomb India Private Limited, Acuvue, Hoya Medical India Pvt. Ltd., Diamond Eye, Johnson & Johnson Private Limited, CooperVision and Vision Express. All of these companies are researching and introducing various new products to stay ahead of their game in the Indian market. In Australia a company Alcon launched its ‘PRECISION1’ daily disposable lenses which affected the stake of Johnson and Johnson to a minimum. Due to the tough grip of Johnson and Johnson, the other companies are getting innovative to capture more market by introducing products such as blue light filter lenses. The ageing population is the main reason behind the increasing number of sales that will eventually help to recover from the downfall due to the pandemic. Acuvue a brand of Johnson & Johnson Ltd is following a great track towards increment. The products under Acuvue Oasys are getting noticed after its launch of the ‘1-day lens’.
Asia Pacific contact lenses market report thoroughly covers the market by material, design, usage, application, distribution channel and key countries including China, India, Japan, Australia, Thailand, Indonesia and the rest of Asia Pacific. Asia Pacific contact lenses market outlook report provides an unbiased and detailed analysis of the ongoing Asia Pacific contact lenses market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Asia Pacific Contact Lenses Market Overview |
3.1 Asia Pacific Regional Macro Economic Indicators |
3.2 Asia Pacific Contact Lenses Market Revenues & Volume, 2020 & 2027F |
3.3 Asia Pacific Contact Lenses Market - Industry Life Cycle |
3.4 Asia Pacific Contact Lenses Market - Porter's Five Forces |
3.5 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Material, 2020 & 2027F |
3.7 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Design, 2020 & 2027F |
3.8 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.9 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.10 Asia Pacific Contact Lenses Market Revenues & Volume Share, By Usage, 2020 & 2027F |
4 Asia Pacific Contact Lenses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Asia Pacific Contact Lenses Market Trends |
6 Asia Pacific Contact Lenses Market, 2017 - 2027 |
6.1 Asia Pacific Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
6.2 Asia Pacific Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
6.3 Asia Pacific Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
6.4 Asia Pacific Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.5 Asia Pacific Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
7 China Contact Lenses Market, 2017 - 2027 |
7.1 China Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
7.2 China Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
7.3 China Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
7.4 China Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.5 China Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
8 India Contact Lenses Market, 2017 - 2027 |
8.1 India Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
8.2 India Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
8.3 India Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
8.4 India Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.5 India Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
9 Japan Contact Lenses Market, 2017 - 2027 |
9.1 Japan Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
9.2 Japan Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
9.3 Japan Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
9.4 Japan Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.5 Japan Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
10 Australia Contact Lenses Market, 2017 - 2027 |
10.1 Australia Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
10.2 Australia Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
10.3 Australia Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
10.4 Australia Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.5 Australia Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
11 Indonesia Contact Lenses Market, 2017 - 2027 |
11.1 Indonesia Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
11.2 Indonesia Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
11.3 Indonesia Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
11.4 Indonesia Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
11.5 Indonesia Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
12 Philippines Contact Lenses Market, 2017 - 2027 |
12.1 Philippines Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
12.2 Philippines Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
12.3 Philippines Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
12.4 Philippines Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
12.5 Philippines Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
13 Malaysia Contact Lenses Market, 2017 - 2027 |
13.1 Malaysia Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
13.2 Malaysia Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
13.3 Malaysia Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
13.4 Malaysia Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
13.5 Malaysia Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
14 Rest of Asia Contact Lenses Market, 2017 - 2027 |
14.1 Rest of Asia Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
14.2 Rest of Asia Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
14.3 Rest of Asia Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
14.4 Rest of Asia Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
14.5 Rest of Asia Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
11 Asia Pacific Contact Lenses Market Key Performance Indicators |
12 Asia Pacific Contact Lenses Market - Opportunity Assessment |
12.1 Asia Pacific Contact Lenses Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Asia Pacific Contact Lenses Market Opportunity Assessment, By Material, 2020 & 2027F |
12.3 Asia Pacific Contact Lenses Market Opportunity Assessment, By Design, 2020 & 2027F |
12.4 Asia Pacific Contact Lenses Market Opportunity Assessment, By Application, 2020 & 2027F |
12.5 Asia Pacific Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
12.6 Asia Pacific Contact Lenses Market Opportunity Assessment, By Usage, 2020 & 2027F |
13 Asia Pacific Contact Lenses Market - Competitive Landscape |
13.1 Asia Pacific Contact Lenses Market Revenue Share, By Companies, 2020 |
13.2 Asia Pacific Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |