The Japan Eye Care
market is expected to grow at a rate of significant CAGR for the forecast
period, FY2023-FY2027. The rising adoption of spectacles as a fashion accessory
and increasing incidence of ocular diseases are fueling the growth of the Japan
Eye Care market.
Growing Geriatric Population
Fuel the Market Demand
The Japanese population is
increasing due to quality healthcare services and a healthy lifestyle and
fitness regime. With the growing age, the immunity level starts deteriorating,
and the body is prone to get infected with several diseases, including eye diseases
and disorders. Japanese healthcare system provides the majority of its services
to older people, and these people cover a significant part in fueling the
growth of the Japan Eye Care market. The significant reasons for causing eye
disorders are cataracts, glaucoma, degenerative myopia, diabetic retinopathy,
and macular degeneration.
Rise In Usage of
Telecommuting Technology Supports Market Demand
The outbreak of COVID-19 led
to the restrictions imposed by the leading authorities on the public gathering
and following guidelines to restrict the spread of coronavirus. The closure of
offices, schools, colleges created the need to adopt alternative methods to
carry on the process efficiently to reduce the effect on the economic growth.
Companies offered work from facilities, and the educational intuitions started
to provide education using the online mode. An increase in screen time due to
the high adoption of telecommuting created lucrative opportunities for the
Japan Eye Care market growth. The rise in the number of people spending more
screen time led to the conditions such as dry eyes, blurred vision, and other
eye disorders requiring immediate treatment. It is anticipated, even after the
effect of COVID-19 subsides, consumers will continue spending more time on
their smart devices such as tablets, mobile phones, among others. The amount of
screen time spent by children is expected to grow due to the rise in the online
channels providing quality education and learning opportunities to children and
use in entertainment purposes and is expected to boost the demand for the Japan
Eye Care market in the next five years.
Booming E-Commerce Industry
Fuels the Market Growth
Eye care market players to
boost sales are focusing on adopting alternate sales channels such as online
sales channels, which is bolstering the growth of the e-commerce industry.
Market players are using attractive marketing strategies such as taking the help
of social media campaigns to raise awareness about eye health and hiring
celebrities and influential people to propel the reach of their products and
brand to a broader range of consumers. They are also offering lucrative
discounts on the purchase of the Eye Care products and the facility of quick
doorstep delivery, exchange option to attract the customers to buy the Eye Care
products through the online sales channel. Customers prefer to buy through
online channels as it is more convenient than physically visiting the stores.
The high internet penetration strengthens the reach of the online sales
platforms to a large number of customers. Market players are making substantial
investments in developing user-friendly websites and mobile applications and using
technologies such as artificial intelligence, the internet of things, machine
learning to create personalized shopping experiences based on their past online
behavior.
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Market Segmentation
The Japan Eye Care market is
segmented on the basis of product type, coating, lens material, distribution
channel, regional distribution, and competition landscape. Based on the product
type, the market is divided into eyeglasses, contact lens, intraocular lens,
eye drops, eye vitamins, others. Based on the coating, the market is divided
into anti-glare, UV, and others. Based on lens material, the market is divided
into normal glass, polycarbonate, trivex, others. Based on distribution channel,
the market is divided into retail stores, e-commerce, clinics, and hospitals. The
market is also studied on the basis of regional distribution and the regions
are majorly divided into Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and
Others.
Market Players
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., are among the major market players in the Japan region that led
the market growth of the Japan Eye Care market.
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Attribute
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Details
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Base Year
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FY2021
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Historic Data
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FY2017 – FY2020
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Estimated Year
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FY2022
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Forecast Period
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FY2023 – FY2027
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Quantitative Units
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Revenue in USD Million, and CAGR for FY2017-FY2021 and FY2022-FY2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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Product Type
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Coating
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Lens Material
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Distribution Channel
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Region scope
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Hokkaido & Tohoku, Chubu, Chugoku, Kyushu, and Others
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Key companies profiled
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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.
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Customization scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Japan Eye Care
market has been segmented into following categories, in addition to the
industry trends which have also been detailed below:
- Japan Eye Care Market, By Product Type:
- Eyeglasses
- Contact Lens
- Intraocular Lens
- Eye Drops
- Eye Vitamins
- Others
- Japan Eye Care Market, By Coating:
- Japan Eye Care Market, By Distribution Channel:
- Normal Glass
- Polycarbonate
- Trivex
- Others
- Japan Eye Care Market, By Region:
o Hokkaido & Tohoku
o Chubu
o Chugoku
o Kyushu
o Others
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Japan 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).
Japan 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]