Japanese contact lens market – TechSci Research
Rising demand for better eye care facilities is driving the growth of the Japanese contact lens market, FY2017-FY2027.
According to TechSci report on “Japan Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Others), By Design (Spherical, Toric, Multifocal, Others), By Wear Type (Disposable) vs Reusable), By Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), By Region, Competition Forecast & Opportunity, FY2027 “, The Japanese Lenses Market The contact lens market has shown promising growth in the historical years up to FY2020 and is expected to continue growing over the next forecast years FY2023 to FY2027. The Japanese contact lens market owes its growth to factors such as increase rapid geriatric population in the country. The older population is more likely to have weaker eyesight and blurred vision, thus driving the growth of the Japanese contact lens market. contact over the next five years.
In addition, the cosmetic uses of contact lenses are also supporting the growth of the Japanese contact lens market over the next five years. In addition, excessive screen time and extended working hours increase the risk of sight loss among the country’s young population, thus contributing to the growth of the Japanese contact lens market in the next five years. The growing preference for contact lenses over prescription glasses due to changing beauty trends and standards is accelerating the growth of the Japanese contact lens market during the forecast period.
Browse over XX figures of market data spread over 70 pages and an in-depth table of contents on the “Japanese Contact Lens Market”
Segmentation of the Japanese contact lens market is based on material type, design, wear type, application, distribution channel, regional distribution, and competitive landscape. On the basis of distribution channel, the market is further segmented into retail stores, hospitals and clinics and online. Retail stores are expected to record maximum contact lens sales with maximum revenue share generated and dominate the market segment due to the growing demand for cosmetic contact lenses as well as the growing number of retail stores in the country. The increase in disposable income of the population along with the growing demand for disposable contact lenses further drive the growth of the Japanese contact lens market in the next five years.
Based on the application, the market is further divided into patches, therapeutics, cosmetics and others. Corrective contact lenses are expected to hold the largest revenue share and dominate the market segment over the next five years, due to the rapid increase in the number of patients with blurred vision and weaker eyesight. . Moreover, the convenience of contact lenses compared to glasses is driving the growth of the Japanese contact lens market over the next five years. Cosmetic contact lenses are expected to register the fastest growing CAGR value over the next five years due to rapidly changing trends. The fashion trends of colored contact lenses for cosmetic purposes further contribute to the growth of the Japanese contact lens market during the forecast period.
The Japanese contact lens market is growing with developing and changing market players such as Hoya Corporation, Menicon Co., Ltd., SEED Co., Ltd., AISEI Co., Ltd., Bauch + Lomb Japan, Alcon Japan Ltd., CooperVision Japan, Inc., Johnson & Johnson Japan, Carl Zeiss Vision Japan Co., Ltd., among others. The mentioned market players have larger market revenue shares than other players existing or entering the market.
The major players in the market are actively engaged in the research and development of advanced products so that consumer demand can be met. Consistent research guarantees future launches of the best products and services. With a surge in demand for advanced products, new market entrants would be able to establish their brand and hence their market place. Other strategies include collaborations and partnerships with pre-existing market players or research institutes, so that government funding can be used for product development.
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“The country’s health facilities are improving rapidly. The growing awareness regarding eye care further creates the lucrative growth of the Japanese contact lens market in the next five years. Consistent research and technological advancements in the manufacture of products, along with improvement in functionality, are helping to grow the future prospects of the market. In addition, the industry thrives on the backbone of an increasing number of market players. Some of the global giants are actively providing the launches of new products and services such as online shopping and online eyewear selection, thereby enhancing the customer experience and thereby supporting the future growth of the market ”, said Mr. Karan Chechi, Research Director at TechSci Research, a global research-based management consulting firm.
“Japanese contact lens market by type (nitrogen fixation, phosphate fixation, potassium fixation, others), by mode of application (soil treatment, seed treatment, others), by form (liquid versus carrier) ), by crop type (Cereals and grains, pulses and oilseeds, fruits and vegetables, others), by source (national import v / s), by region, competition forecasts and opportunities, FY2027 “assessed the potential for future growth Japanese Contact Lenses Market report and provides statistics and information on the size, structure and future growth of the market. The report aims to provide cutting-edge market insights and help policymakers make sound investment decisions In addition, the report also identifies and analyzes emerging trends as well as key drivers, challenges and opportunities in the Japanese contact lens market.
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