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Asia Pacific Contact Lenses Market Trends

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

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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.

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.