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:
By Application:
By Design:
By Country:
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
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Apr 2021
