Japan Contact Lens Market to Establish Growth with an Impressive CAGR Until FY2027
Surging demand for better eyecare
facilities is driving the growth if Japan 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 v/s Reusable),
By Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution
Channel (Retail Stores, Hospitals & Clinics, Online), By Region,
Competition Forecast & Opportunities, FY2027”, Japan
contact lens market has shown promising growth in
historical years until FY2020 and is expected to continue its growth in
upcoming forecast years FY2023 to FY2027. Japan contact lens market owes its
growth to the factors like rapidly increasing geriatric population of the
country. Older population is more susceptible to weaker eyesight and blurry
vision thereby driving the growth of the Japan contact lens market in the
upcoming five years. Moreover, cosmetic uses for contact lens are also
substantiating the growth of the Japan contact lens market in the next five
years. Additionally, excessive screen time and extended working hours is
increasing the chances of weaker eyesight among the young population of the
country, thus aiding the growth of the Japan contact lens market in the future
five years. Growing preference for contact lenses over the
prescription eyeglasses due to changing trends and beauty standards is
accelerating the growth of the Japan contact lenses market in the forecast
period.
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lens Market"
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Segmentation of Japan
contact lens market are based on material type, design, wear type, application,
distribution channel, regional distribution, and competitional landscape. Based
on distribution channel, the market is further segmented into retail stores,
hospitals & clinics, and online. Retail stores are expected to register
maximum sales of the contact lenses with maximum revenue shares generated and
dominate the market segment on the account of surging demand for the cosmetic
contact lenses along with the increasing number of retail stores in the
country. Increasing disposable income among the population along with the
increasing demand for the disposable contact lens is further driving the growth
of the Japan contact lens market in the future five years.
Based on application,
the market is further bifurcated into corrective, therapeutic, cosmetic, and
others. Corrective contact lens is anticipated to hold the largest revenue
shares and dominate the market segment in the upcoming five years, on the
account of rapidly increasing number of patients suffering from blurred vision
and weaker eyesight. Moreover, the convenience of contact lenses over
eyeglasses is driving growth of the Japan contact lens market in the next five
years. Cosmetic contact lens is expected to register fastest growing CAGR value
in the future five years on the account of rapidly evolving trends. The fashion
trends of colorful contact lens for the cosmetic purposes if further aiding the
growth of the Japan contact lens market in the forecast period.
The Japan contact lens
market is growing along with the developing and evolving market players like
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 major market revenue shares than the other players existing or
entering the market. Major market players are actively dedicated in the
research and development of the advanced products such that the consumer’s
demand could be fulfilled. Consistent research ensures the future launches for
the better products and services. With rapidly surging demand for the advanced
products, the new market entrants would be able to establish their brand and
thus their market-place. Other strategies include collaborations and
partnerships with the pre-existing market players or the research institutes
such that government funding can be availed for the product development.
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“Healthcare facilities
in the country is improving rapidly. Rising awareness regarding the eyecare is
further creating the lucrative growth of the Japan contact lens market in the
future five years. Consistent research and technological advancement in the product
manufacturing, and improving the functionality is aiding the growth of the
future prospects of the market. Also, the industry is expanding on the backbone
of rapidly increasing number of market players. Some of the global giants are
actively providing the new product launches and services like online shopping
and online selection of eyewear thereby enhancing better customer experience
and thereby supporting the future growth of the market,” said Mr. Karan Chechi,
Research Director with TechSci Research, a research based global management
consulting firm.
“Japan Contact lens
Market By Type (Nitrogen Fixing, Phosphate Fixing, Potassium Fixing, Others), By
Mode of Application (Soil Treatment, Seed Treatment, Others), By Form (Liquid
v/s Carrier-Based), By Crop Type (Cereals & Grains, Pulses & Oilseeds,
Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region,
Competition Forecast & Opportunities, FY2027” has evaluated the
future growth potential of Japan Contact lens market and provides statistics
& information on market size, structure and future market growth. The
report intends to provide cutting-edge market intelligence and help decision
makers take sound investment decisions. Besides, the report also identifies and
analyzes the emerging trends along with essential drivers, challenges, and
opportunities in Japan Contact lens market.
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