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Asia Pacific Contact Lenses Market Share

  • Report ID: GMI12069
  • Published Date: Oct 2024
  • Report Format: PDF

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.
     
Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size for Asia Pacific contact lenses was valued at USD 4.5 billion in 2023 and is expected to reach USD 5.9 billion by 2032, driven by a CAGR of over 3.2% from 2024 to 2032.

Spherical contact lenses dominated the market in 2023, with revenues exceeding USD 2.8 billion, driven by their widespread use for vision correction.

China generated substantial revenue of USD 1.4 billion in 2023, driven by its vast population, rising myopia rates, and increasing disposable income.

Major players in the industry include Alcon (Novartis), Bausch + Lomb, BenQ Materials Corporation, Carl Zeiss AG, CLB Vision, CooperVision, EssilorLuxottica, and Ginko International Co., Ltd.

Asia Pacific Contact Lenses Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 15
  • Tables & Figures: 49
  • Countries covered: 6
  • Pages: 210
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