Vietnam Eye Care Market to Grow with a CAGR of 5.23% through 2030
Increasing awareness and education and Rising Disposable Incomes are expected to drive the Vietnam Eye Care Market growth in the forecast period, 2026-2030
According to TechSci Research report, “Vietnam Eye Care
Market – By Region, Competition, Forecast & Opportunities, 2030F”, the Vietnam
Eye Care Market stood at USD 40.71 Million in 2024 and is anticipated to grow
with a CAGR of 5.23% through 2030.
The rise in disposable incomes among Vietnamese consumers is proving to be a key driver for market expansion. As economic prosperity increases, more individuals now have the financial means to access a range of eye care services, including routine check-ups, corrective procedures, and eyewear. This growing consumer segment is fueling market growth and encouraging the diversification of products and services available.
Urbanization and shifting lifestyles are significantly contributing to the rise in eye-related conditions such as myopia and digital eye strain. The expanding urban population, combined with increased screen time, is driving demand for solutions to address these lifestyle-related eye health issues. This trend is spurring innovation and the development of specialized eye care products and services to meet these emerging needs. Additionally, Vietnam's aging population is becoming an important factor in the growth of the eye care market. As the population ages, there is an increase in age-related eye conditions such as cataracts and macular degeneration, leading to greater demand for diagnostic and treatment services, as well as products tailored to the elderly.
Improvements in healthcare infrastructure, including the expansion of medical facilities and the upskilling of healthcare professionals, are also contributing to market growth. Enhanced accessibility to high-quality eye care services, especially in rural areas, is encouraging more people to seek both treatment and preventive care. Technological advancements are playing a crucial role in driving market growth by enabling the development of cutting-edge eye care solutions. From advanced diagnostic tools to innovative surgical techniques, these technological breakthroughs are improving treatment outcomes, enhancing patient experiences, and expanding the range of services provided by eye care professionals.
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The Vietnam Eye Care Market is segmented into product type,
coating, lens material, distribution channel, regional distribution, and
company.
Based on its Lens material, the Polycarbonate segment
has emerged as the predominant market leader, Polycarbonate lenses have
garnered acclaim for their exceptional resistance to impact and durability,
rendering them ideal for individuals engaged in active lifestyles or
occupations prone to eye injuries, such as athletes, children, and those
working in industrial or construction settings. In Vietnam, where outdoor
pursuits and manual labor prevail, there exists a notable demand for robust
eyewear solutions, propelling the widespread adoption of polycarbonate lenses. Polycarbonate
lenses are notably lightweight compared to conventional materials like glass.
This characteristic enhances wearer comfort, particularly during prolonged
wear, a crucial consideration in Vietnam's tropical climate characterized by
hot and humid conditions. The preference for lightweight eyewear that mitigates
discomfort is pronounced among consumers, further cementing the dominance of
polycarbonate lenses in the market.
Many polycarbonate lenses boast built-in UV
protection, safeguarding the eyes against harmful ultraviolet rays. Given
Vietnam's proximity to the equator and consequent heightened exposure to UV
radiation year-round, there has been a burgeoning awareness regarding the
significance of UV protection for preserving eye health. Consequently,
polycarbonate lenses offering UV protection resonate strongly with consumers
seeking comprehensive eye care solutions, thereby bolstering their market
prominence. The exceptional impact resistance, lightweight composition, and UV
protective properties of polycarbonate lenses cater to the specific needs and
preferences of Vietnamese consumers, driving their widespread adoption and
dominance in the market landscape.
Major companies operating in Vietnam Eye Care Market
are:
- COOPERVISION, INC
- Seed Vietnam Contact Lens Company
Limited
- Acuvue Vietnam (Johnson & Johnson
Vision Care, Inc.)
- Bausch + Lomb
- Nice Eyes Service Trading Co., Ltd
- HOYA LENS VIETNAM
- Essilor Vietnam
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“Vietnam Eye Care Market presents a dynamic landscape
characterized by significant growth opportunities and evolving consumer trends.
With factors such as increasing awareness of eye health, rising disposable
incomes, technological advancements, and expanding healthcare infrastructure
driving market expansion, the future holds immense promise for stakeholders
within the industry. By leveraging these trends, embracing innovation, and
prioritizing the delivery of high-quality, personalized eye care services, businesses
can position themselves for sustained success in meeting the diverse needs of
Vietnamese consumers and contributing to the advancement of eye health across
the nation”, said Mr. Karan Chechi, Research Director of TechSci Research, a
research-based management consulting firm.
“ViVietnam 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, 2020-2030F”, has evaluated
the future growth potential of Vietnam Eye Care 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 Vietnam Eye Care Market.
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