Asia Pacific Eye Care Market Size, Share & Forecast 2028

Summary

Report Description

Asia Pacific eye care market is expected to witness a significant growth during the forecast period, 2024-2028. The growing technological innovations and improvements in eye care are expected to bolster the growth of the market in upcoming years. Technological advancements such as implementation of nanotechnology, artificial retinas containing electrodes, and use of robots with human intelligence in eye surgery for precise placement of surgical tools. Also, rising governments focus to improve the healthcare infrastructure along with various awareness programs organised by the government regarding ocular diseases are acting as major booster for eye care market. Additionally, the rising eye problems such as glaucoma, cataract, refractive error, trachoma, and others, are affecting millions of people. The growing popularity of laptop, smartphones, and other kind of electronic devices among young generation are increasing the incidences of eye related problems, which, in turn, is anticipated to facilitate the growth of the market.

The region is undergoing rapid urbanisation along with increasing investments by the public and private sectors are projected to drive the Asia-Pacific eye care market. Moreover, Asian people have easy access to less expensive eye care products as they are made locally in the region. In this region countries like India, China, Japan, among others are expected to bolster the growth of the market in coming years. This is because of the increasing population in these countries. In India and China, the major factor is the increasing population. According to the United Nations report, in 2022, India's population is 1.412 billion, and 1.426 billion in China. Moreover, in Japan, country has the rising geriatric population, which are more susceptible to eye related problems. In 2020, the population aged 65 years and above in Japan reported for approximately 28.4 percent of the total Japanese population.

However, lack of awareness among people about the early symptoms of visual impairment is hindering the growth of the market. Also, people living in rural areas are unaware of the eye care products and services are hampering the growth of the market. Besides, rising contact lens-related complications and harmful effects with use of certain eye care products are expected to slow down the growth of the Asia-Pacific eye care market growth.

Asia Pacific eye care market is segmented into product type, coating, lens material, distribution channel, company, and country. Based on product type, the market is categorized into eyeglasses, contact lens, intraocular lens, eye drops and others. Here, the intraocular lens segment, is expected to register the highest growth during the forecast period. This is ascribed to the rising prevalence of cataract along with the rising number of cataract surgeries.

Major companies operating in Asia-Pacific eye care market include Luxottica Group, GKB Rx Lens Pvt. Ltd., Essilor Group, Carl Zeiss AG, Bausch + Lomb, Alcon Inc., Cooper Companies, Inc., Rayner Intraocular Lenses Limited, Menicon Co., Ltd., and Johnson & Johnson Services, Inc. Eye care manufacturers are hugely investing on R&D activities and are launching new generation eye care products, featuring innovative materials to enhance their product portfolio.

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Objective of the Study:

To analyze and forecast the market size of Asia Pacific eye care market.
To forecast Asia Pacific eye care market based on product type, coating, lens material, end user, company and country.
To identify drivers and challenges for Asia Pacific eye care market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions etc. in Asia Pacific eye care market.
To identify and analyze the profile of leading players operating in the Asia Pacific eye care market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of eye care product manufacturers across Asia Pacific. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies which could not be identified due to the limitations of secondary research.

TechSci Research calculated Asia Pacific eye care market size using a bottom-up approach, where data for various end user industries and its application across various product types were recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analysing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also used by TechSci Research.

Key Target Audience:

Eye care product manufacturers, suppliers, companies/partners and other stakeholders.
Government bodies such as regulating authorities and policy makers.
Organizations, industry associations, forums and alliances related to eye care.
Market research and consulting firms.

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as eye care product manufacturing companies, end users etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Attribute	Details
Base Year	2022
Historic Data	2018 – 2021
Estimated Year	2023
Forecast Period	2024 – 2028
Quantitative Units	Revenue in USD Million and CAGR for 2018-2022 and 2023-2028
Report coverage	Revenue forecast, Company share, Competitive landscape, Growth factors, and Trends
Segments covered	Product Type Coating Lens Material Distribution Channel Country
Country scope	China, India, Japan, South Korea, Singapore, Australia, Thailand, Vietnam, Malaysia, Indonesia
Key companies profiled	Luxottica Group, GKB Rx Lens Pvt. Ltd., Essilor Group, Carl Zeiss AG, Bausch + Lomb, Alcon Inc., Cooper Companies, Inc., Rayner Intraocular Lenses Limited, Menicon Co., Ltd., and Johnson & Johnson Services, Inc.
Customization scope	10% free report customization with purchase. Addition or alteration to country, & segment scope.
Pricing and purchase options	Avail customized purchase options to meet your exact research needs. Explore purchase options
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Report Scope:

In this report, Asia Pacific eye care market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

Asia Pacific Eye Care Market, By Product Type:

Eyeglasses
Contact Lens
Intraocular Lens
Eye Drops
Others

Asia Pacific Eye Care Market, By Coating:

Anti-Glare
Anti-Reflecting
Others

Asia Pacific Eye Care Market, By Lens Material:

Normal Glass
Polycarbonate
Trivex
Others

Asia Pacific Eye Care Market, By Distribution Channel:

Retail Stores
E-Commerce
Clinics
Hospitals

Asia Pacific Eye Care Market, By Country:

China
Japan
India
South Korea
Australia
Singapore
Thailand
Vietnam
Malaysia
Indonesia

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Asia Pacific eye care market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

Profit margin analysis in case of direct and indirect sales channel.

It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]

Table of content

1. Product Overview

1.1. Market Definition

1.2. Scope of the Market

1.2.1. Markets Covered

1.2.2. Years Considered for Study

1.2.3. Key Market Segmentations

2. Research Methodology

2.1. Objective of the Study

2.2. Baseline Methodology

2.3. Key Industry Partners

2.4. Major Association and Secondary Sources

2.5. Forecasting Methodology

2.6. Data Triangulation & Validation

2.7. Assumptions and Limitations

3. Executive Summary

3.1. Overview of the Market

3.2. Overview of Key Market Segmentations

3.3. Overview of Key Market Players

3.4. Overview of Key Regions/Countries

3.5. Overview of Market Drivers, Challenges, Trends

4. Voice of Customer

5. Asia Pacific Eye Care Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value

5.2. Market Share & Forecast

5.2.1. By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others)

5.2.2. By Coating (Anti-Glare, Anti-Reflecting, Others)

5.2.3. By Lens Material (Normal Glass, Polycarbonate, Trivex, Others)

5.2.4. By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals)

5.2.5. By Company (2022)

5.2.6. By Country

5.3. Market Map

5.3.1. By Product Type

5.3.2. By Coating

5.3.3. By Lens Material

5.3.4. By Distribution Channel

5.3.5. By Country

5.4. Asia Pacific: Country Analysis

5.4.1 China Eye Care Market Outlook

5.4.1.1. Market Size & Forecast

5.4.1.1.1. By Value

5.4.1.2. Market Share & Forecast

5.4.1.2.1. By Product Type

5.4.1.2.2. By Coating

5.4.1.2.3. By Lens Material

5.4.1.2.4. By Distribution Channel

5.4.2 Japan Eye Care Market Outlook

5.4.1.3. Market Size & Forecast

5.4.1.3.1. By Value

5.4.1.4. Market Share & Forecast

5.4.1.4.1. By Product Type

5.4.1.4.2. By Coating

5.4.1.4.3. By Lens Material

5.4.1.4.4. By Distribution Channel

5.4.3 China Eye Care Market Outlook

5.4.1.5. Market Size & Forecast

5.4.1.5.1. By Value

5.4.1.6. Market Share & Forecast

5.4.1.6.1. By Product Type

5.4.1.6.2. By Coating

5.4.1.6.3. By Lens Material

5.4.1.6.4. By Distribution Channel

5.4.4 South Korea Eye Care Market Outlook

5.4.1.7. Market Size & Forecast

5.4.1.7.1. By Value

5.4.1.8. Market Share & Forecast

5.4.1.8.1. By Product Type

5.4.1.8.2. By Coating

5.4.1.8.3. By Lens Material

5.4.1.8.4. By Distribution Channel

5.4.5 Australia Eye Care Market Outlook

5.4.1.9. Market Size & Forecast

5.4.1.9.1. By Value

5.4.1.10. Market Share & Forecast

5.4.1.10.1. By Product Type

5.4.1.10.2. By Coating

5.4.1.10.3. By Lens Material

5.4.1.10.4. By Distribution Channel

5.4.6 Singapore Eye Care Market Outlook

5.4.1.11. Market Size & Forecast

5.4.1.11.1. By Value

5.4.1.12. Market Share & Forecast

5.4.1.12.1. By Product Type

5.4.1.12.2. By Coating

5.4.1.12.3. By Lens Material

5.4.1.12.4. By Distribution Channel

5.4.7 Malaysia Eye Care Market Outlook

5.4.1.13. Market Size & Forecast

5.4.1.13.1. By Value

5.4.1.14. Market Share & Forecast

5.4.1.14.1. By Product Type

5.4.1.14.2. By Coating

5.4.1.14.3. By Lens Material

5.4.1.14.4. By Distribution Channel

5.4.8 Vietnam Eye Care Market Outlook

5.4.1.15. Market Size & Forecast

5.4.1.15.1. By Value

5.4.1.16. Market Share & Forecast

5.4.1.16.1. By Product Type

5.4.1.16.2. By Coating

5.4.1.16.3. By Lens Material

5.4.1.16.4. By Distribution Channel

5.4.9 Thailand Eye Care Market Outlook

5.4.1.17. Market Size & Forecast

5.4.1.17.1. By Value

5.4.1.18. Market Share & Forecast

5.4.1.18.1. By Product Type

5.4.1.18.2. By Coating

5.4.1.18.3. By Lens Material

5.4.1.18.4. By Distribution Channel

5.4.10 Indonesia Eye Care Market Outlook

5.4.1.19. Market Size & Forecast

5.4.1.19.1. By Value

5.4.1.20. Market Share & Forecast

5.4.1.20.1. By Product Type

5.4.1.20.2. By Coating

5.4.1.20.3. By Lens Material

5.4.1.20.4. By Distribution Channel

6. Market Dynamics

6.1. Drivers

6.2. Challenges

7. Market Trends & Developments

7.1. Mergers & Acquisitions

7.2. Product Launches

7.3. Technological Advancements

8. Competitive Landscape

8.1. Competition Outlook

8.2. Company Profiles

8.2.1. Luxottica Group

8.2.2. GKB Rx Lens Pvt. Ltd.

8.2.3. Essilor Group

8.2.4. Carl Zeiss AG

8.2.5. Bausch & Lomb

8.2.6. Alcon Inc.

8.2.7. Cooper Companies, Inc.

8.2.8. Rayner Intraocular Lenses Limited

8.2.9. Menicon Co., Ltd.

8.2.10. Johnson & Johnson Services, Inc.

9. Strategic Recommendations

Figures and Tables

Frequently asked questions

What are the factors driving the growth of Asia Pacific eye care market?

Rising prevalence of ocular diseases, and technological advancements in eye care are expected to drive Asia Pacific eye care market during forecast period.

What are the major segments in Asia Pacific eye care market?

Asia Pacific eye care market is segmented into product type, coating, lens material, distribution channel, company, and country.

Which segment is expected to hold the largest share in Asia Pacific artificial organs and bionics market during forecast period?

Based on product type segment, intraocular lens segment is expected to anticipate the growth of the Asia Pacific eye care market during forecast period. This is due to the increasing demand to treat nearsightedness, astigmatism, and farsightedness, and also it helps in resolving any vision-related difficulty.

Who are the key players operating in the Asia Pacific artificial organs and bionics market?

Major companies operating in Asia Pacific eye care market include Luxottica Group, GKB Rx Lens Pvt. Ltd., Essilor Group, Carl Zeiss AG, Bausch + Lomb, Alcon Inc., Cooper Companies, Inc., Rayner Intraocular Lenses Limited, Menicon Co., Ltd., and Johnson & Johnson Services, Inc.

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