Singapore Contact Lenses Market (2024-2030) Outlook | Growth, Industry, Forecast, Trends, Analysis, Value, Share, Size, Companies & Revenue

Market Forecast 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: ETC074026 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Singapore Contact Lenses Market Competition 2023

Singapore Contact Lenses market currently, in 2023, has witnessed an HHI of 2215, Which has decreased slightly as compared to the HHI of 2767 in 2017. The market is moving towards moderately competitive. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 Singapore Contact Lenses Market Competition 2023

Singapore Export Potential Assessment For Contact Lenses Market (Values in USD Thousand)


Singapore Export Potential Assessment For Contact Lenses Market (Values in USD Thousand)

Singapore Contact Lenses Market Synopsis

The Singapore contact lenses market is a significant segment within the eyewear industry, catering to individuals with vision correction needs and those seeking cosmetic enhancements. Contact lenses are thin, curved discs placed directly on the eye`s surface to correct refractive errors like myopia, hyperopia, astigmatism, and presbyopia. They also come in various colors and designs, allowing wearers to change or enhance their eye appearance for cosmetic purposes.

Market Drivers

The market`s growth is driven by several factors, with the primary driver being the increasing prevalence of vision-related issues among Singapore population. The rising incidence of myopia, especially among young individuals, has led to a higher demand for vision correction solutions like contact lenses.The desire for enhanced aesthetics and convenience also contributes to the market`s expansion. Contact lenses offer wearers an alternative to eyeglasses, providing greater freedom of movement and a more natural appearance, particularly for those seeking to change their eye color or appearance.Advancements in contact lens technology, such as silicone hydrogel materials, extended wear options, and multifocal designs, also play a significant role in driving market growth. These innovations offer improved comfort, breathability, and vision correction for contact lens wearers.

Market challenges

One of the challenges in the Singapore contact lenses market is the need for regular and proper eye care. Contact lenses require proper handling, cleaning, and maintenance to prevent eye infections and complications. Ensuring that users adhere to recommended hygiene practices is essential to maintaining eye health.The availability of counterfeit or unregulated contact lenses poses a risk to consumers. Purchasing contact lenses from unauthorized sources can lead to substandard products that may cause eye discomfort and pose potential health risks.

Key players

The Singapore contact lenses market includes both global eyewear manufacturers and local retailers. Some key players in the market include well-known brands like Johnson & Johnson Vision, Alcon (a Novartis division), CooperVision, and Bausch + Lomb, among others. These companies offer a wide range of contact lens options, including daily disposable lenses, monthly disposable lenses, toric lenses for astigmatism, and multifocal lenses. Local optical stores, online retailers, and eye care clinics also contribute to the accessibility and availability of contact lenses in Singapore. The market`s competitive landscape provides consumers with various choices for their specific vision correction and cosmetic needs.

Covid-19 Impact

The Covid-19 pandemic had a mixed impact on the Singapore contact lenses market. During the pandemic, there was increased awareness of hygiene practices, which may have led some individuals to opt for contact lenses as an alternative to glasses to minimize face-touching. However, disruptions in supply chains and retail operations may have temporarily affected the availability and distribution of contact lenses.

Key Highlights of the Report:

  • Singapore Contact Lenses Market Outlook
  • Market Size of Singapore Contact Lenses Market, 2020
  • Forecast of Singapore Contact Lenses Market, 2027
  • Historical Data and Forecast of Singapore Contact Lenses Revenues & Volume for the Period 2023 - 2027
  • Singapore Contact Lenses Market Trend Evolution
  • Singapore Contact Lenses Market Drivers and Challenges
  • Singapore Contact Lenses Price Trends
  • Singapore Contact Lenses Porter's Five Forces
  • Singapore Contact Lenses Industry Life Cycle
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Material for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Gas Permeable for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Silicone Hydrogel for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Hybrid for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Design for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Spherical for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Toric for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Multifocal for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Others for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Application for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Corrective for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Therapeutic for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Cosmetic for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Prosthetic for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Lifestyle-oriented for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Distribution Channel for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By E-commerce for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Eye Care Practitioners for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Retail for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Usage for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Daily Disposable for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Disposable for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Frequently Replacement for the Period 2023 - 2027
  • Historical Data and Forecast of Singapore Contact Lenses Market Revenues & Volume By Traditional for the Period 2023 - 2027
  • Singapore Contact Lenses Import Export Trade Statistics
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Design
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Distribution Channel
  • Market Opportunity Assessment By Usage
  • Singapore Contact Lenses Top Companies Market Share
  • Singapore Contact Lenses Competitive Benchmarking By Technical and Operational Parameters
  • Singapore Contact Lenses Company Profiles
  • Singapore Contact Lenses Key Strategic Recommendations
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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 Singapore Contact Lenses Market Overview

3.1 Singapore Country Macro Economic Indicators

3.2 Singapore Contact Lenses Market Revenues & Volume, 2020 & 2027F

3.3 Singapore Contact Lenses Market - Industry Life Cycle

3.4 Singapore Contact Lenses Market - Porter's Five Forces

3.5 Singapore Contact Lenses Market Revenues & Volume Share, By Material, 2020 & 2027F

3.6 Singapore Contact Lenses Market Revenues & Volume Share, By Design, 2020 & 2027F

3.7 Singapore Contact Lenses Market Revenues & Volume Share, By Application, 2020 & 2027F

3.8 Singapore Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F

3.9 Singapore Contact Lenses Market Revenues & Volume Share, By Usage, 2020 & 2027F

4 Singapore Contact Lenses Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Singapore Contact Lenses Market Trends

6 Singapore Contact Lenses Market, By Types

6.1 Singapore Contact Lenses Market, By Material

6.1.1 Overview and Analysis

6.1.2 Singapore Contact Lenses Market Revenues & Volume, By Material, 2018 - 2027F

6.1.3 Singapore Contact Lenses Market Revenues & Volume, By Gas Permeable, 2018 - 2027F

6.1.4 Singapore Contact Lenses Market Revenues & Volume, By Silicone Hydrogel, 2018 - 2027F

6.1.5 Singapore Contact Lenses Market Revenues & Volume, By Hybrid, 2018 - 2027F

6.2 Singapore Contact Lenses Market, By Design

6.2.1 Overview and Analysis

6.2.2 Singapore Contact Lenses Market Revenues & Volume, By Spherical, 2018 - 2027F

6.2.3 Singapore Contact Lenses Market Revenues & Volume, By Toric, 2018 - 2027F

6.2.4 Singapore Contact Lenses Market Revenues & Volume, By Multifocal, 2018 - 2027F

6.2.5 Singapore Contact Lenses Market Revenues & Volume, By Others, 2018 - 2027F

6.3 Singapore Contact Lenses Market, By Application

6.3.1 Overview and Analysis

6.3.2 Singapore Contact Lenses Market Revenues & Volume, By Corrective, 2018 - 2027F

6.3.3 Singapore Contact Lenses Market Revenues & Volume, By Therapeutic, 2018 - 2027F

6.3.4 Singapore Contact Lenses Market Revenues & Volume, By Cosmetic, 2018 - 2027F

6.3.5 Singapore Contact Lenses Market Revenues & Volume, By Prosthetic, 2018 - 2027F

6.3.6 Singapore Contact Lenses Market Revenues & Volume, By Lifestyle-oriented, 2018 - 2027F

6.4 Singapore Contact Lenses Market, By Distribution Channel

6.4.1 Overview and Analysis

6.4.2 Singapore Contact Lenses Market Revenues & Volume, By E-commerce, 2018 - 2027F

6.4.3 Singapore Contact Lenses Market Revenues & Volume, By Eye Care Practitioners, 2018 - 2027F

6.4.4 Singapore Contact Lenses Market Revenues & Volume, By Retail, 2018 - 2027F

6.5 Singapore Contact Lenses Market, By Usage

6.5.1 Overview and Analysis

6.5.2 Singapore Contact Lenses Market Revenues & Volume, By Daily Disposable, 2018 - 2027F

6.5.3 Singapore Contact Lenses Market Revenues & Volume, By Disposable, 2018 - 2027F

6.5.4 Singapore Contact Lenses Market Revenues & Volume, By Frequently Replacement, 2018 - 2027F

6.5.5 Singapore Contact Lenses Market Revenues & Volume, By Traditional, 2018 - 2027F

7 Singapore Contact Lenses Market Import-Export Trade Statistics

7.1 Singapore Contact Lenses Market Export to Major Countries

7.2 Singapore Contact Lenses Market Imports from Major Countries

8 Singapore Contact Lenses Market Key Performance Indicators

9 Singapore Contact Lenses Market - Opportunity Assessment

9.1 Singapore Contact Lenses Market Opportunity Assessment, By Material, 2020 & 2027F

9.2 Singapore Contact Lenses Market Opportunity Assessment, By Design, 2020 & 2027F

9.3 Singapore Contact Lenses Market Opportunity Assessment, By Application, 2020 & 2027F

9.4 Singapore Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F

9.5 Singapore Contact Lenses Market Opportunity Assessment, By Usage, 2020 & 2027F

10 Singapore Contact Lenses Market - Competitive Landscape

10.1 Singapore Contact Lenses Market Revenue Share, By Companies, 2020

10.2 Singapore Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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