The size of the Asia Pacific Contact Lenses Market is expected to worth USD 3.7 billion by 2024 from USD 2.5 billion in 2019, growing at a CAGR of 8.16 % during the forecast period.
Growing focus on the development of new features in research centres is a key driving factor for the market to grow. Increasing awareness over the availability of different lenses according to the design and colour is elevating the demand of the contact lenses market in the Asia Pacific. In addition, the rise in the geriatric population across the region is one more factor accelerating the growth rate of the market to the extent. People's interest in outdoor activities is likely to outshine the demand of the market in the Asia Pacific. Increasing the prevalence of easy wearability and convenient lenses is also promoting the growth rate of the market. Besides, escalating expenditure on healthcare especially in developed and developing countries is fuelling the growth rate of the market in this region.
However, fluctuations in the availability of different raw materials to manufacture the latest designs with advanced technology in some areas are hindering the growth rate of the market. Lack of proper knowledge over the availability of these lenses in rural areas has remained a challenging factor for the market developers. The dearth of skilled ophthalmologists is also a factor limiting the growth rate of the contact lenses market in the Asia Pacific.
This research report has been segmented & sub-segmented into the following categories:
Regionally, the Indian contact lenses market has a high growth rate in India. The increasing number of problem-related to the eye is a key growth factor in this market. The contact lenses are becoming more advance in term of quality, durability and handling. There is a great awareness regarding the hygienic benefit of contact lenses; this is propelling the market growth. The young population is the potential customer for contact lenses. The key players are creating awareness about the benefit of the contact lenses, which is to fuel the demand for the contact lenses market.
The contact lenses market is growing in China. There is a rising demand for disposable contact lenses from the past few years, and this is driving the growth rate of the market. The online market is dominating the contact lenses market in china.
The Japanese contact lenses market is rapidly growing. The 90% of the market is occupied by disposable lenses market. Increasing use of soft contact lenses is driving the market in Japan.
The Australian contact lenses market is driven by technological advancement. In addition, rising geriatric population and increasing demand for advanced treatment procedures are surging the demand of the market.
The contact lenses market in South Korea is growing. The key factor driving the market is the launch of new product development and the increase in the use of soft gel lenses.
Noteworthy companies in the APAC Contact Lenses market profiled in this report are Johnson & Johnson, Bausch & Lomb, CooperVision, Hydrogel Vision Corp, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Carl Zeiss AG, CIBA Vision, Essilor International and Contamac.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Material
5.1.1 Introduction
5.1.2 Soft Contact Lenses
5.1.3 Silicone Hydrogel Lenses
5.1.4 Rigid Gas Permeable (RGP) Contact Lenses
5.1.5 Hybrid Contact Lenses
5.1.6 Polymethyl Methacrylate (PMMA) Contact Lenses
5.1.7 Y-o-Y Growth Analysis, By Product
5.1.8 Market Attractiveness Analysis, By Product
5.1.9 Market Share Analysis, By Product
5.2 Application
5.2.1 Introduction
5.2.2 Therapeutic Contact Lenses
5.2.3 Cosmetic Contact Lenses
5.2.4 Others
5.2.5 Y-o-Y Growth Analysis, By Type
5.2.6 Market Attractiveness Analysis, By Type
5.2.7 Market Share Analysis, By Type
5.3 Design
5.3.1 Introduction
5.3.2 Spherical
5.3.3 Bifocal
5.3.4 Orthokeratology
5.3.5 Toric
5.3.6 Y-o-Y Growth Analysis, By Application
5.3.7 Market Attractiveness Analysis, By Application
5.3.8 Market Share Analysis, By Application
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product
6.1.3.3 By Type
6.1.3.4 By Application
6.1.3.5 By Indication
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product
6.1.4.3 By Type
6.1.4.4 By Application
6.1.4.5 By Indication
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product
6.1.5.3 By Type
6.1.5.4 By Application
6.1.5.5 By Indication
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Johnson & Johnson
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Bausch & Lomb
8.3 CooperVision
8.4 Hydrogel Vision Corp
8.5 Abbott Medical Optics, Inc
8.6 Alcon Laboratories, Inc
8.7 Carl Zeiss AG
8.8 CIBA Vision
8.9 Essilor International
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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