Report Description

Vietnam eye care market is anticipated to register growth with an impressive CAGR in the forecast period, 2023-2027, on the account of increasing eye consultation. Increasing instances of eye infection and eye diseases among the population is further driving the growth of the Vietnam eye care market in the upcoming five years. Moreover, increasing cases of diabetes among the elder population of the country is also increasing the eye diseases instances and supporting market growth in recent years.

Expanding Healthcare Industry

Vietnam healthcare industry is not a self-manufacturing industry. The medical devices or heavy investment requirements are met through imports from foreign investments and international companies entering the country’s healthcare industry. Although the government invests actively in the sector, development of the technologically advanced medical care products and research advancement is not possible due to lack of resources.

Vietnam eye care market is highly dependent on the international companies and their advanced products. These global giants along with providing their products in the market, have made sure to create awareness and provide training to the technicians, and ophthalmologists to ensure higher sales of the eye care product that require advanced knowledge of manufacturing as well as usage.

Products like contact lenses, eye drops, and other pharmaceutical and therapeutic products are rapidly gaining sales in the recent years and aiding to the growth of the Vietnam eye care market in the upcoming five years.

Increasing Instances of Eye Diseases

Higher prevalence of eye infections, and eye diseases are a major factor driving the growth of the Vietnam eye care market in the next five years. Rapidly increasing geriatric population, increasing pollution in the country, and higher usage of electronic devices among the younger population and adult population of the country are also some of the major reasons driving the growth of the Vietnam eye care market in the future five years.

7.87% of the total population in 2020, were aged over 65 years. The geriatric population of the country is suffering from Polypoidal Choroidal Vasculopathy (PCP). The instances are higher among the population aging over 50 years.

Also, diabetes cases in the country are rapidly growing that worsens the eye-sight and increases the chances of eye infection. As of 2017, 3,535,700 cases of diabetes were registered, the number of such patients is increasing and thus aiding the prevalence of instances of infection and thus supports the growth of the Vietnam eye care market in the future five years.


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Market Segmentation

The Vietnam eye care market is segmented by product type, coating, lens material, distribution channel, competitional landscape, and regional distribution. Based on product type, the market is further bifurcated into eyeglasses, contact lens, intraocular lens, eye drops, eye vitamins, and others. Coating segment of the market is defined among anti-glare, UV, and others.

Lens material based segmentation of the market is further segmented into normal glass, polycarbonate, Trivex, and others. On the basis of distribution channel, the market segment is bifurcated into retail stores, e-commerce, clinics, and hospitals. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among Northern region, Central region, and the Southern region.  

Company Profile

CooperVision Vietnam, Seed Co. Vietnam Ltd., Acuvue Vietnam, Bauch & Lomb Vietnam, AVEO Vietnam, Nice Eyes Service Trading Co., Ltd, Hoya Lens Vietnam Ltd., Essilor Vietnam, among others is a partial list of major market players of the companies responsible for the growth of Vietnam eye care market.

Attribute

Details

Base Year

2021

Historical Data

2017 – 2020

Estimated Year

2022

Forecast Period

2023 – 2027

Quantitative Units

Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

·         Product Type

·         Coating

·         Lens Material

·         Distribution Channel

Regional scope

Northern region, Central region, and Southern region.

Key companies profiled

CooperVision Vietnam, Seed Co. Vietnam Ltd., Acuvue Vietnam, Bauch & Lomb Vietnam, AVEO Vietnam, Nice Eyes Service Trading Co., Ltd, Hoya Lens Vietnam Ltd., Essilor Vietnam

Customization scope

10% free report customization with purchase. Addition or alteration to country, regional & 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, Vietnam eye care market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

  • Vietnam Eye Care Market, By Product Type:
    • Eyeglasses
    • Contact Lens
    • Intraocular Lens
    • Eye Drops
    • Eye Vitamins
    • Others
  • Vietnam Eye Care Market, By Coating:
    • Anti-Glare
    • UV
    • Others
  • Vietnam Eye Care Market, By Lens Material:
    • Normal Glass
    • Polycarbonate
    • Trivex
    • Others
  • Vietnam Eye Care Market, By Distribution Channel:
    • Retail Stores
    • E-Commerce
    • Clinics
    • Hospitals
  • Vietnam Eye Care Market, By Region:

o   Northern Region

o   Central Region

o   Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam 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).
Vietnam Eye Care Market 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

2.    Research Methodology

3.    Impact of COVID-19 on Vietnam Eye Care Market

4.    Executive Summary

5.    Voice of Customers

6.    Vietnam Eye Care Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value

6.2.  Market Share & Forecast

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

6.2.2.     By Coating (Anti-Glare, UV, Others)                                                                               

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

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

6.2.5.     By Region

6.2.6.     By Company (2021)

6.3.  Product Market Map

7.    Vietnam Eyeglasses Market Outlook

7.1.  Market Size & Forecast

7.1.1.     By Value

7.2.  Market Share & Forecast

7.2.1.     By Distribution Channel

8.    Vietnam Contact Lens Market Outlook

8.1.  Market Size & Forecast

8.1.1.     By Value

8.2.  Market Share & Forecast

8.2.1.     By Distribution Channel

9.    Vietnam Intraocular Lens Market Outlook

9.1.  Market Size & Forecast

9.1.1.     By Value

9.2.  Market Share & Forecast

9.2.1.     By Distribution Channel

10.  Vietnam Eye Drops Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value

10.2.              Market Share & Forecast

10.2.1.  By Distribution Channel

11.  Vietnam Eye Vitamins Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value

11.2.              Market Share & Forecast

11.2.1.  By Distribution Channel

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Market Trends & Developments

14.  Policy & Regulatory Landscape

15.  Vietnam Economic Profile

16.  Competitive Landscape

16.1.              Competition Outlook

16.2.              Company Profiles

16.2.1.  CooperVision Vietnam

16.2.2.  Seed Co. Vietnam Ltd.

16.2.3.  Acuvue Vietnam

16.2.4.  Bauch & Lomb Vietnam

16.2.5.  AVEO Vietnam

16.2.6.  Nice Eyes Service Trading Co., Ltd

16.2.7.  Hoya Lens Vietnam Ltd.

16.2.8.  Essilor Vietnam

17.  Strategic Recommendations

Figures and Tables

Frequently asked questions

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New market players may invest actively in research and innovative product development. Also, advancing their existent technology according to evolving consumer preferences along with merger and acquisitions with the global giants can be viable strategic recommendations for the future brand establishments.

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The Vietnam eye care market is anticipated to grow with an impressive CAGR in the forecast period, 2023-2027 on account of increasing instances of eye infection and eye diseases.

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The Vietnam eye care market was analyzed for the five historical years from 2017 to 2020. Keeping the base year 2021 as the margin, the estimation for the year 2022 was made and further market growth is predicted for the forecast years, 2023 to 2027.

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Active market players like CooperVision Vietnam, Seed Co. Vietnam Ltd., Acuvue Vietnam, Bauch & Lomb Vietnam, AVEO Vietnam, among others are anticipated to dominate the Vietnam eye care market in the next five years. The market players are actively involved in advancing their technologies and increasing financial assistance for the same, thereby affirming futuristic growth in the five years of forecast.

profile

Sakshi Bajaal

Business Consultant
Press Release

Vietnam Eye Care Market to Grow with Instances of Eye Infection Until 2027

Mar, 2022

E-commerce sector of eye care products are driving the growth of the Vietnam Eye care Market, in the forecast period, 2023-2027F.