Asia-Pacific Contact Lenses Market

Asia-Pacific Contact Lenses Market Size

The contact lenses market size in Asia-Pacific was valued at USD 2.99 billion in 2023. The Asia-Pacific market is forecasted to be worth USD 6.06 billion by 2032 from USD 3.23 billion in 2024, growing at a CAGR of 8.16 % from 2024 to 2032.

MARKET DRIVERS

Growing focus on developing new features in research centers is a key driving factor for the Asia Pacific Contact Lenses Market to grow. Increasing awareness over the availability of different lenses according to design and color elevates the demand for the contact lens market in the Asia Pacific. In addition, the rise in the geriatric population across the region is one more factor accelerating the market's growth rate to an extent. People's interest in outdoor activities is likely to outshine the market demand in the Asia Pacific. Increasing the prevalence of easy wearability and convenient lenses is also promoting the growth rate of the market. Besides, escalating expenditure on healthcare, especially in developed and developing countries, is fuelling the growth rate of the contact lenses market in this region.

MARKET RESTRAINTS

Fluctuations in the availability of different raw materials to manufacture the latest designs with advanced technology in some areas hinder the growth rate of the market. Lack of proper knowledge of the availability of these lenses in rural areas has remained a challenging factor for the market developers. The dearth of skilled ophthalmologists is also a factor limiting the growth rate of the contact lens market in the Asia Pacific. 

GEOGRAPHICAL ANALYSIS

Globally, the Asia-Pacific region is a hot zone for contact lenses and has the highest scope for growth. Asia-Pacific countries such as China and India are the largely populated countries.

Over the forecast period, India is expected to showcase a high CAGR in this regional market. The increasing number of problems related to the eye is a key growth factor in this market. Contact lenses are becoming more advanced in terms of quality, durability, and handling. There is a great awareness regarding the hygienic benefit of contact lenses, propelling the market growth. The young population is a potential customer for contact lenses. The key players are creating awareness about the benefits of contact lenses, which is to fuel the demand for the contact lenses market.

The contact lenses market is growing significantly in China, and it is one of Asia-Pacific's most promising regional markets. There has been a rising demand for disposable contact lenses for the past few years, which is driving the market's growth rate. The online market dominates the contact lenses market in China.

Japan is another lucrative regional market in Asia-Pacific and is predicted to witness a notable CAGR from 2024 to 2029. The disposable lenses market occupies 90% of the market. Increasing the use of soft contact lenses is driving the market in Japan.

Australia is anticipated to account for a considerable share of the regional market over the forecast period. The Australian contact lenses market is driven by technological advancements. In addition, the rising geriatric population and increasing demand for advanced treatment procedures are surging the market expansion in Australia.

South Korea is expected to grow at a robust CAGR during the forecast period. The key factors driving the market are the launch of new product development and the increase in soft gel lenses.

KEY MARKET PLAYERS

A few of the noteworthy companies in the ASIA-PACIFIC Contact Lenses market profiled in this report are Johnson & Johnson, Bausch & Lomb, CooperVision, Hydrogel Vision Corp, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Carl Zeiss AG, CIBA Vision, Essilor International, and Contamac.

MARKET SEGMENTATION

This research report on the Asia-Pacific contact lenses market is segmented & sub-segmented into the following categories.

By Material

• Soft Contact Lenses
• Silicone Hydrogel Lenses
• Rigid Gas Permeable (RGP) Contact Lenses
• Hybrid Contact Lenses
• Polymethyl Methacrylate (PMMA) Contact Lenses

By Application

• Therapeutic Contact Lenses
• Cosmetic Contact Lenses
• Corrective Contact Lenses
• Prosthetic Contact Lenses

By Design

• Spherical
• Bifocal
• Orthokeratology
• Toric

By Country

• India
• China
• Japan
• South Korea
• Australia
• New Zealand
• Thailand
• Malaysia
• Vietnam
• Philippines
• Indonesia
• Singapore
• Rest of ASIA-PACIFIC