Asia Pacific Contact Lenses Market Size-By Product Type, Product, Material, Design, Usage, Distribution Channel Analysis, Share, Growth Forecast, 2024 - 2032

Asia Pacific Contact Lenses Market Size

The Asia Pacific contact lenses market was valued at USD 4.5 billion in 2023 and is estimated to grow at a CAGR of over 3.2% from 2024 to 2032. Countries such as Japan, China, and India have increased their disposable income levels, which has caused a surge in the contact lens market in the Asia Pacific region. With the urban migration to places with better healthcare availability, there is also an increasing demand for both corrective and cosmetic lenses. Many consumers are now more educated about vision health compared to before, which, combined with the convenience of contact lenses over eyeglasses, makes lenses the preferred choice for the masses.
 

The rising rate of myopia in East Asian countries is another contributor to the expansion of the contact lens market in the Asia-Pacific Region. Near-sightedness appears to be very prevalent in South Korean, Japanese, and Chinese youth who spend a lot of time on digital screens. As a result, the consumption of lenses in these countries is ever-increasing, especially for corrective lenses in the form of daily and monthly disposable ones.
 

Asia Pacific Contact Lenses Market Trends

There is a growing use of toric contact lenses and daily disposables in the Asia-Pacific region, which in turn is causing growth in the contact lens market. This trend has stemmed from an increased appreciation for hygiene and convenience alongside a need for more specialized forms of vision correction. There is also a significant rise in the use of cosmetic contact lenses, especially in South Korea and Japan, which indicates a progressive overwhelming usage for aesthetic purposes. As reported by the Asia Pacific Contact Lens Association, there are rapid increases in online sales as these platforms are easier to access and provide greater choices to consumers. Also, there are changes in technology for lenses to silicone hydrogel, which corresponds with the demand for comfort and extended wear.
 

Asia Pacific Contact Lenses Market Analysis

A major factor currently depressing the growth of the Asia Pacific contact lens market is strict regulations and high safety standards which have been set with respect to product quality and prescription limits.
 

Such product regulations in countries like Japan and South Korea are invariably impacting the time to market new products. The Asia Pacific Contact Lens Association notes that because of such regulations, product launches are delayed by an average of six months. However, there is greater government support for advanced optical health solutions.
 

Furthermore, there is increased awareness on the consumer side concerning the options available for vision correction. These expectations, along with the greater need for safety and comfort of the lens, are reshaping innovations in materials and technologies. In particular, there is greater emphasis on online channels as a solution to the heterogeneous needs of the region.
 

• Based on product type, the market is segmented into rigid gas permeable, soft contact and hybrid contact. The rigid gas permeable lenses dominated the market in 2023, generating a revenue exceeding USD 3.9 billion with a CAGR of 3.3%. The dominance of this segment is attributed to the excellent oxygen permeability and durability of hard lenses when compared with soft lenses.
   
• In the Asia-Pacific market, rigid gas permeable (RGP) contact lenses are in the most profitable position. This is due to their increased durability, improved ability to correct astigmatism, and a lower chance of inducing eye infections than soft lenses. RGP lenses are highly regarded in Asia-Pacific regions like Japan, where consumers are more sensitive to the quality and safety of the eyes, as per the Asia-Pacific Contact Lens Association. So, the lenses that help the eyes to breathe are highly beneficial for these consumers.
   

• Based on design, the Asia Pacific contact lenses market is classified into spherical, toric, multifocal and others (monovision). The spherical contact lenses dominated the market in 2023, with revenue exceeding USD 2.8 billion with a CAGR of 3.4%. Spherical lenses are used the most in the Asia-Pacific market because they are easy to use, effective, and comfortable. These lenses are also very inexpensive, which is an advantage considering the many people that suffer from refractive errors such as myopia.
   
• The population of myopic users is also very high in China, Japan, and South Korea due to the high prevalence of digital devices. The Asia-Pacific Contact Lens Association states that over 60% of people in these countries wear contact lenses. In addition, the newer materials such as silicone Hydrogel make spherical lenses more comfortable for longer periods of time, which suits the consumer's needs for cost-effective and easy-to-use vision correction.
   

• Dominating the contact lens market in the Asia Pacific region, China is expected to see revenue growth from USD 1.4 billion to USD 1.9 billion by 2032. This growth is driven by the vast Chinese population coupled with rising Myopia rates and increasing disposable income among younger urban consumers. In addition, the global trend of using contact lenses for cosmetic purposes as well as the growing need for vision correction fuels demand. The rapid growth of e-commerce allows consumers easy access to a wide range of contact lens options, further boosting market growth. China is anticipated to generate substantial revenue with projections in USD billion ranging from 1.4 to 1.9 by 2032.
   
• Japan's myopia, predilection for premium products, and aging demographic has put it in a favorable position, allowing it to generate approximately USD 1.2 billion by 2023, with an anticipated CAGR of 3.4 from 2024 to 2032. As a result, this has solidified Japan's position as an important country in the Asia Pacific contact lens market. While focusing on health and safety, Japanese customers strongly favor silicone hydrogel lenses with daily disposables. This illuminates their prioritization of quality over everything else.
   

Asia Pacific Contact Lenses Market Share

The market is quite competitive, and some of the key firms, such as Johnson & Johnson Vision Care, Alcon (Novartis), Bausch + Lomb, The Cooper Companies, Inc. (CooperVision), and Menicon, comprise around 15-20% of the market. In order to strengthen their market position and address the increased demand from consumers, manufacturers are employing mergers, acquisitions, partnerships, collaborations, and other similar strategies.
 

In the Asia-Pacific region of the market for contact lenses, the stakeholders contend on product quality, innovation, and pricing of the lenses. Firms are putting emphasis on new design lenses, such as silicone hydrogel and other tailored lenses that are more comfortable to wear and offer better vision correction. In addition, brands have unique selling aspects, such as daily disposable and cosmetic lenses, which appeal to different segments of the market. Since the manufacturers are focusing on an emerging segment that is becoming more concerned about the health and beauty of the eyes, safety, convenience, and aesthetic appeal, advertising is now critical.
 

Asia Pacific Contact Lenses Market Companies

Major players operating in the Asia Pacific contact lenses industry include:

• Alcon (Novartis)
• Bausch + Lomb
• BenQ Materials Corporation
• Carl Zeiss AG
• CLB Vision
• CooperVision
• EssilorLuxottica
• Ginko International Co., Ltd.
• Hoya Corporation
• Johnson & Johnson Vision Care
• Menicon Co., Ltd.
• NeoVision
• Pegavision Corporation
• Safilens
• SEED Co., Ltd.
   

Asia Pacific Contact Lenses Industry News

• In an effort to increase the distribution of its contact lenses within the Asia Pacific region, Johnson & Johnson Vision Care signed an agreement with Lions Clubs International Foundation (LCIF) and the government of Maharashtra in 2023. This step seeks to take advantage of the rising online shopping trend that is especially prevalent within China and India.
   
• In 2022, Alcon presented a new series of contact lenses designed specifically for the Asian market, focusing on their suitability to the climatic and lifestyle conditions of the region. The launch event which Alcon hosted in Tokyo underlined their determination to understand and respond to regional demands.
   

The Asia Pacific contact lenses market research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:

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Market, By Product Type

• Rigid gas permeable
• Soft contact
• Hybrid contact

Market, By Product

• Corrective
• Therapeutic lenses
• Cosmetic lenses
  • Colored
  • Circle
• Prosthetic lenses

Market, By Material

• Hydrogel
  • HEMA hydrogel
  • Silicone hydrogel
• Polymers
  • Polyvinyl alcohol
  • Rigid gas permeable

Market, By Design

• Spherical
• Toric
• Multifocal
• Others (Monovision)

Market, By Usage

• Daily disposable
• Weekly disposable
• Monthly disposable
• Annual

Market, By Distribution Channel

• Online
  • E commerce
  • Company websites
• Offline
  • Optical stores
  • Eye care clinics

The above information is provided for the following countries:

• China
• India
• Japan
• South Korea
• ANZ
• Southeast Asia
  • Indonesia
  • Thailand
  • Malaysia
  • Singapore
  • Philippines