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Pulished Date April, 2021
ID: 1617
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Asia Pacific Contact Lenses Market Research Report – Segmented By Material, Application, Design, Country (India, China, Japan, South Korea, Australia, New Zealand, Thailand, Malaysia, Vietnam, Philippines, Indonesia, Singapore and Rest of APAC) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1617
Pages: 145

APAC Contact Lenses Market Size (2021 to 2026)

The size of the Asia Pacific Contact Lenses Market is forecasted to worth USD 4 billion by 2026 from USD 2.7 billion in 2021, growing at a CAGR of 8.16 % from 2021 to 2026.

Growing focus on developing new features in research centers is a key driving factor for the Asia Pacific Contact Lenses Market to grow. Increasing awareness over the availability of different lenses according to the design and color elevates 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 market demand 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 Asia Pacific Contact Lenses Market in this region. 

However, fluctuations in the availability of different raw materials to manufacture the latest designs with advanced technology in some areas hinder 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 on the Asia Pacific Contact Lenses Market has been segmented & sub-segmented into the following categories:

By Material:

  • Soft Contact Lenses
  • Silicone Hydrogel Lenses
  • Rigid Gas Permeable (RGP) Contact Lenses
  • Hybrid Contact Lenses
  • Polymethyl Methacrylate (PMMA) Contact Lenses

By Application: 

  • Therapeutic Contact Lenses
  • Cosmetic Contact Lenses
  • Corrective Contact Lenses
  • Prosthetic Contact Lenses

By Design: 

  • Spherical
  • Bifocal
  • Orthokeratology
  • Toric

By Country: 

  • India
  • China
  • Japan
  • South Korea
  • Australia
  • New Zealand
  • Thailand
  • Malaysia
  • Vietnam
  • Philippines
  • Indonesia
  • Singapore
  • Rest of APAC

Regionally, the Indian contact lenses market is expected to showcase a high CAGR in the APAC market during the forecast period. The increasing number of problem-related to the eye is a key growth factor in this market. Contact lenses are becoming more advance in terms of quality, durability, and handling. There is a great awareness regarding the hygienic benefit of contact lenses, propelling the market growth. The young population is the potential customer for contact lenses. The key players are creating awareness about the benefit of contact lenses, which is to fuel the demand for the contact lenses market.

The contact lenses market is significantly growing in China and is one of APAC's most promising regional markets. There is a rising demand for disposable contact lenses from the past few years, which is driving the market's growth rate. The online market is dominating the contact lenses market in china.

The Japanese contact lenses market is another lucrative regional market in APAC and is predicted to witness a notable CAGR from 2021 to 2026. The disposable lenses market occupies 90% of the market. Increasing the use of soft contact lenses is driving the market in Japan.

The Australian contact lenses market is driven by technological advancement. In addition, the 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 expected to grow at a robust CAGR during the forecast period. The key factor driving the market is the launch of new product development and the increase in soft gel lenses.

KEY MARKET PLAYERS:

A few of the 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                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Asia-Pacific Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  2. Asia-Pacific Soft Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  3. Asia-Pacific Silicone Hydrogel Lenses Market By Region, From 2021 to 2026 (USD Million)
  4. Asia-Pacific Rigid Gas Permeable (RGP) Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  5. Asia-Pacific Hybrid Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  6. Asia-Pacific Polymethyl Methacrylate (PMMA) Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  7. Asia-Pacific Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  8. Asia-Pacific Therapeutic Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  9. Asia-Pacific Cosmetic Contact Lenses Market By Region, From 2021 to 2026 (USD Million)
  10. Asia-Pacific Others Market By Region, From 2021 to 2026 (USD Million)
  11. Asia-Pacific Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  12. Asia-Pacific Spherical Market By Region, From 2021 to 2026 (USD Million)
  13. Asia-Pacific Bifocal Market By Region, From 2021 to 2026 (USD Million)
  14. Asia-Pacific Orthokeratology Market By Region, From 2021 to 2026 (USD Million)
  15. Asia-Pacific Toric Market By Region, From 2021 to 2026 (USD Million)
  16. Japan Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  17. Japan Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  18. Japan Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  19. China Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  20. China Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  21. China Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  22. India Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  23. India Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  24. India Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  25. Australia Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  26. Australia Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  27. Australia Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)
  28. South Korea Contact Lenses Market, By Material, From 2021 to 2026 (USD Million)
  29. South Korea Contact Lenses Market, By Application, From 2021 to 2026 (USD Million)
  30. South Korea Contact Lenses Market, By Design, From 2021 to 2026 (USD Million)

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