Japan Eye Care Market to be dominated by Eyeglasses till FY2027
Increasing adoption of online learning platforms and rising
expenditure capacity of consumers are expected to drive the demand for the
Japan Eye Care Market in the forecast period, FY2023-FY2027.
According
to TechSci Research report, “Japan Eye Care Market By Product Type
(Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins, Others),
By Coating (Anti-Glare, UV, Others), By Lens Material (Normal Glass,
Polycarbonate, Trivex, Others), By Distribution Channel (Retail Stores,
E-Commerce, Clinics, Hospitals), By Region, Competition Forecast &
Opportunities, FY2027”,
the Japan Eye Care market is anticipated to witness formidable growth in the
forecast period, FY2023-FY2027. The increasing incidence of cataract diseases
is anticipated in the demand of the intraocular lens segment. The growing
awareness among the consumers about the advantages of adopting preventive
measures such as eye drops, vitamins, contact lenses, and eyeglasses is fueling
the growth of the Japan Eye Care market.
However,
decreasing Eye Care treatment costs to correct eye vision with the help of
surgeries may restrain the growth of the Japan Eye Care market in the forecast
period.
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The
Japan Eye Care market is segmented into product type, coating, lens material,
distribution channel, regional distribution, and competition landscape.
On the basis of product type, the Japan
Eye Care market is divided into eyeglasses, contact lens, intraocular lens, eye
drops, eye vitamins, others. The contact lens segment is expected to witness
the fastest incremental growth in the forecast period, FY2023-FY2027. The
increasing prevalence of contact lenses over the prescription glass and the use
of contact lenses provide a better aesthetic appearance which are the major
driving factors for the high demand for contact lenses in the Japanese market.
On the basis of coating, the Japan Eye
Care market is divided into anti-glare, UV, and others. The anti-glare segment
is expected to hold the largest market share in the next five years. The rising
working population and the long working hours adversely impact the health of
the eyes. These coatings reduce the exposure to blue light from digital devices
and lighting to lower digital eye strain. Glare is the excessive brightness
caused by the reflected light or direct light. Sunlight, phone, tablet,
computer screens lit by LEDs can cause glare, and the increasing screen timing
is expected to fuel the demand for the anti-glare coated eye protection
equipment.
On the basis of coating material, the
Japan Eye Care market is divided into normal glass, polycarbonate, trivex,
others. The trivex coating material segment is expected to grow at a
significant rate in the forecast period. Trivex lenses are lighter and boast
higher tensile strength than their counterparts. Low internet stress and high
Abbe value make them suitable for producing sharper central and peripheral
vision. These are expensive than the polycarbonate and normal glass, but their
benefits over others are expected to multiply in the predicted period.
On the basis of distribution channel,
the Japan Eye Care market is divided into retail stores, e-commerce, clinics,
hospitals. The retail stores' segment is expected to account for a substantial
market share in the forecast period. The availability of a large number of
retail stores in nearby areas and marketplaces makes them more accessible for
the customers. Presence of a customer service executive in the retail stores
who explains and solves the patients' queries plays a vital role in attracting
a large number of customers to purchase from retail stores. Physical eye
examination leads to the power of the eye can be calculated in retail stores,
which increases the convenience and comfort of the patients to buy the right
fit suitable to improve or maintain the current power of the eye.
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“The advent of innovative technologies
focusing on developing quality Eye Care products to enhance the vision of the
patients and the use of advanced technologies in the manufacturing process to
achieve a higher degree of accuracy and precision is expected to boost the
growth of the Japan Eye Care market. The adoption of a digital approach to
providing remedial and preventive measures to customers by the market players
aiming at the expansion of the consumer base and use of emerging technologies
for the development of user-friendly applications are expected to propel the
growth of the Japan Eye Care market till FY2027” said Mr. Karan Chechi,
Research Director with TechSci Research, a research-based global management
consulting firm.
“Japan Eye Care Market By
Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye
Vitamins, Others), By Coating (Anti-Glare, UV, Others) , By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By
Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals), By
Region, Competition Forecast & Opportunities, FY2027”, has evaluated the future
growth potential of Japan Eye Care 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 Eye Care
market.
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