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Asia Pacific Contact Lens Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Asia Pacific Contact Lens Market: By Modality Type (Daily Wear, Weekly/Monthly), By Design Type (Toric, Multifocal, Cosmetic, Sphere), By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Hybrid, PMMA), By Application (Conventional, Orthokeratology, Decorative), By Distribution Channel (Retail Stores, Hospitals and Clinics, E-commerce), and Geography

Asia Pacific Contact Lens Market Report Description:

Asia Pacific contact lens market report gives comprehensive outlook on contact lens across the region with special emphasis on key countries such as India, China, Japan, and Rest of Asia Pacific. The report on Asia Pacific contact lens market gives historical, current, and future market sizes (US$ Mn) on the basis of design type, modality, material type, application, distribution channel, and region. This report studies Asia Pacific contact lens market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Asia Pacific contact lens market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Asia Pacific contact lens market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Asia Pacific contact lens market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Asia Pacific contact lens products.

 

Asia Pacific Contact Lens Market:

The Asia Pacific Contact Lens market estimated to be valued US$ 3,040.1 Mn in 2018 and poised to grow at significant CAGR over 2019-2025 due to increase in prevalence of ophthalmic diseases coupled with rise in geriatric population most prone for ophthalmic diseases are anticipated to propel the market over the forecast years. Moreover, rise in R&D for the development of advanced contact lens products, grow in medical tourism in the region, , and favorable reimbursement policies are the major factors that are driving the growth of Asia Pacific contact lens market over the forecast timeframe.

 

Increase in the Adoption of Colored Contact Lens in the Region

Increase in the adoption of colored contact lenses is drives the market in Asia Pacific region. The primary benefit of using contacts is that they prevent the pressure of dressed in eyeglasses. They are extremely efficient in some areas such as sports and other activities where the persons have clear and constant perspective, unchanged by the body motions. Moreover, colored contact lenses can be used regularly without having any adverse reactions regardless of any kind of eye illnesses. In addition, colored contact lenses are also preferred in the astigmatism. Increase in the prevalence of astigmatism also boost the colored contact lenses market in the Asia Pacific region

 

Japan Accounts for Larger Market Revenue Share in Asia Pacific Contact Lens Market

Japan accounted for larger revenue share in Asia Pacific contact lens market with significant CAGR. Surge in the incidence of ophthalmic disorders, rise in disposable income, high penetration of e-commerce channels in the country, and development of advanced lens are propel the market. China contact lens market has lucrative opportunities owing to rapid increase in the population and increase in the adoption of contact lens for cosmetic application.

Competition Assessment

Key player’s profiles in the Asia Pacific contact lens market include:

  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)
  • HOYA Corporation (Japan)
  • St Shine Optical Co Ltd (Taiwan)
  • Menicon Co., Ltd. (Japan)
  • Ginko International (China)

 

Key Findings of the Report:

 

  • Asia Pacific contact lens market expanding at significant CAGR over 2019 to 2025 owing to increase in the prevalence of ophthalmic diseases
  • Based on application, conventional contact lens accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in Asia Pacific contact lens market

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

By Modality

  • Weekly/Monthly
  • Daily Wear

By Design Type

  • Toric
  • Multifocal
  • Cosmetic
  • Sphere

By Material Type

  • Silicone Hydrogel
  • Hydrogel
  • Gas Permeable
  • Hybrid
  • PMMA

By Application

  • Conventional Contact Lens
  • Orthokeratology
  • Decorative

 

By Distribution Channel

  • Retail Stores
  • Hospitals and Clinics
  • E-commerce

 

Geography

  • Asia Pacific
  • Japan
  • China
  • India
  • Rest of Asia Pacific

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