Asia Pacific Contact Lenses Market - By Product Type, By Product, By Material, By Design, By Usage, By Distribution Channel & Forecast, 2024 - 2032

Asia Pacific Contact Lenses Market Size

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. The contact lens market in the Asia-Pacific region is witnessing significant growth, driven by rising disposable incomes and urbanization in countries like China, Japan, and India.
 

As more people move to urban areas with better healthcare access, the demand for corrective and cosmetic contact lenses has increased. This urban migration is accompanied by a growing awareness of vision health, with many consumers preferring contact lenses for their convenience over traditional eyeglasses.
 

Another factor contributing to the growth of the Asia-Pacific contact lens market is the high prevalence of myopia (near-sightedness) in East Asian countries. Myopia rates are particularly high among younger demographics in countries like China, South Korea, and Japan, where heavy digital screen use is common. As a result, the demand for corrective lenses, especially daily and monthly disposable lenses, continues to rise.
 

Asia Pacific Contact Lenses Market Trends

The Asia-Pacific contact lens market is experiencing increased demand for daily disposables and toric lenses. This trend is driven by consumers' focus on hygiene, convenience, and specialized vision correction. The popularity of cosmetic lenses, especially in South Korea and Japan, highlights a shift toward aesthetic use. According to the Asia Pacific Contact Lens Association, online sales channels are growing rapidly, as digital platforms offer easier access and a broader selection for consumers. Technological advancements in lens materials, such as silicone hydrogel, are also meeting the rising demand for comfort and extended wear.
 

Asia Pacific Contact Lenses Market Analysis

Strict regulatory policies and high safety standards, particularly concerning product quality and prescription guidelines, are restraining the Asia-Pacific contact lens market. Stringent regulations in countries like Japan and South Korea are affecting the time-to-market for new products. According to the Asia-Pacific Contact Lens Association, these regulations have delayed product launches by an average of six months. On the flip side, increasing government support for advanced optical health solutions presents opportunities.
 

Additionally, there is a surge in consumer awareness regarding vision correction options. These factors, combined with a heightened demand for safe and comfortable lenses, are driving innovation in materials and distribution channels. Notably, there is a significant push towards online channels to address the diverse needs of the region.
 

Based on product type, the Asia Pacific contact lenses 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%. This dominance can be attributed to the superior oxygen permeability and durability over soft lenses.
 

In the Asia-Pacific market, rigid gas-permeable (RGP) contact lenses hold a dominant position. This is due to their durability, effectiveness in correcting astigmatism, and lower risk of eye infections compared to soft lenses. According to the Asia-Pacific Contact Lens Association, RGP lenses are particularly valued in markets like Japan, where consumers prioritize quality and eye safety. Their ability to transmit oxygen helps maintain eye health, which is a significant factor for these consumers.
 

Based on design, the 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 contact lenses dominate the Asia-Pacific market due to their simplicity, comfort, and effectiveness in correcting common vision issues like myopia and hyperopia. These lenses are widely accessible and cater to the large population affected by myopia, especially in countries such as China, Japan, and South Korea, where digital device usage is high. According to the Asia-Pacific Contact Lens Association, over 60% of the population in these countries uses contact lenses. With advances in materials like silicone hydrogel, spherical lenses also offer enhanced comfort for prolonged wear, appealing to consumers seeking convenience and affordability in vision correction.
 

China emerged as the dominant country in the Asia Pacific region, generating a substantial revenue of USD 1.4 billion, and is expected to reach USD 1.9 billion by 2032. China leads the Asia Pacific contact lenses market, driven by its vast population, rising myopia rates, and increasing disposable income, especially among younger urban consumers. Demand is fueled by the need for vision correction and the popularity of cosmetic lenses for fashion. The deep penetration of e-commerce allows consumers easy access to a wide range of contact lens options online, further boosting market growth.
 

On the other hand, the market of Japan witnessed revenue of USD 1.2 billion with an estimated CAGR value of 3.4% for the forecast period of 2024-2032. Japan commands a notable position in the Asia-Pacific contact lens market, fueled by a high prevalence of myopia, an aging demographic, and a growing appetite for premium lens products. Prioritizing quality and safety, Japanese consumers show a marked preference for daily disposables and advanced options, such as silicone hydrogel lenses.
 

Asia Pacific Contact Lenses Market Share

The market is fragmented, with prominent players, such as Johnson & Johnson Vision Care, Alcon (Novartis), Bausch + Lomb, The Cooper Companies, Inc. (CooperVision), Menicon holding a market share of 15-20%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.
 

 In the Asia-Pacific contact lens market, players compete through product innovation, quality enhancements, and competitive pricing. Companies focus on developing advanced lens technologies, including silicone hydrogel materials and custom designs, to improve comfort and vision correction. Furthermore, brands differentiate themselves with specialized offerings, such as daily disposables and cosmetic lenses, catering to diverse consumer preferences. As manufacturers aim to attract a growing audience more aware of eye health and fashion trends, marketing strategies emphasizing safety, convenience, and aesthetics have become crucial.
 

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 2023, Johnson & Johnson Vision Care announced a strategic partnership with Lions Clubs International Foundation (LCIF) and the Government of Maharashtra to enhance the distribution of its contact lenses across the Asia-Pacific region. This move aims to tap into the growing online shopping trend in countries like China and India.
   
• In 2022, Alcon unveiled its latest line of contact lenses tailored for the Asian market, emphasizing features suited for the region's climate and lifestyle. The launch event, held in Tokyo, highlighted Alcon's commitment to understanding and catering to regional needs.
   

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