Asia Pacific Contact Lenses Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2024 - 2032
Asia Pacific Contact Lenses Market, valued at USD 4.5 billion in 2023, is projected to grow at a CAGR of 3.2% from 2024 to 2032. This market expansion is primarily driven by the rising disposable incomes and urbanization in key countries across the region. As more people move to cities with improved access to healthcare, the demand for both corrective and cosmetic contact lenses has surged. Additionally, growing awareness about vision health is encouraging more consumers to choose contact lenses over traditional eyeglasses due to their convenience. One of the main factors driving the Asia-Pacific contact lens market is the increasing prevalence of myopia, particularly among younger populations.
This condition is common in several countries within the region, where heavy use of digital screens contributes to its rise. As a result, the demand for corrective lenses, particularly daily and monthly disposables, is on the rise. The Asia-Pacific contact lenses market is categorized by product type into rigid gas permeable (RGP) lenses, soft contact lenses, and hybrid lenses. In 2023, RGP lenses held the largest market share, generating more than USD 3.9 billion in revenue and growing at a rate of 3.3%.
These lenses are popular due to their high oxygen permeability and durability, making them a preferred choice for many consumers seeking long-term solutions. Among the different lens designs available, spherical contact lenses dominate the market. With revenues exceeding USD 2.8 billion in 2023 and a growth rate of 3.4%, spherical lenses are favored for their comfort, ease of use, and effectiveness in correcting common vision problems like nearsightedness and farsightedness. As these lenses are widely available and affordable, they are especially popular in areas with large populations affected by myopia, where high screen time is common.
China holds the largest share of the Asia-Pacific market, generating USD 1.4 billion in 2023, with projections to reach USD 1.9 billion by 2032. The country’s large population, growing rates of myopia, and increasing disposable income among younger urban consumers drive the demand for both corrective and cosmetic lenses. The widespread use of e-commerce platforms also makes it easier for consumers to access a wide variety of contact lens options, further accelerating market growth. Japan, another major market in the region, reported revenue of USD 1.2 billion in 2023, with an estimated CAGR of 3.4% during the forecast period. Japan’s market growth is fueled by a high prevalence of myopia, an aging population, and a strong preference for premium lens products, particularly daily disposables and advanced materials that prioritize eye health and comfort.
This condition is common in several countries within the region, where heavy use of digital screens contributes to its rise. As a result, the demand for corrective lenses, particularly daily and monthly disposables, is on the rise. The Asia-Pacific contact lenses market is categorized by product type into rigid gas permeable (RGP) lenses, soft contact lenses, and hybrid lenses. In 2023, RGP lenses held the largest market share, generating more than USD 3.9 billion in revenue and growing at a rate of 3.3%.
These lenses are popular due to their high oxygen permeability and durability, making them a preferred choice for many consumers seeking long-term solutions. Among the different lens designs available, spherical contact lenses dominate the market. With revenues exceeding USD 2.8 billion in 2023 and a growth rate of 3.4%, spherical lenses are favored for their comfort, ease of use, and effectiveness in correcting common vision problems like nearsightedness and farsightedness. As these lenses are widely available and affordable, they are especially popular in areas with large populations affected by myopia, where high screen time is common.
China holds the largest share of the Asia-Pacific market, generating USD 1.4 billion in 2023, with projections to reach USD 1.9 billion by 2032. The country’s large population, growing rates of myopia, and increasing disposable income among younger urban consumers drive the demand for both corrective and cosmetic lenses. The widespread use of e-commerce platforms also makes it easier for consumers to access a wide variety of contact lens options, further accelerating market growth. Japan, another major market in the region, reported revenue of USD 1.2 billion in 2023, with an estimated CAGR of 3.4% during the forecast period. Japan’s market growth is fueled by a high prevalence of myopia, an aging population, and a strong preference for premium lens products, particularly daily disposables and advanced materials that prioritize eye health and comfort.
Report Content
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021- 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising myopia rates
3.6.1.2 Expanding urbanization
3.6.1.3 Technological advancements in lenses
3.6.1.4 Rising disposable income
3.6.2 Industry pitfalls & challenges
3.6.2.1 High competition from eyewear alternatives
3.6.2.2 Limited awareness in rural regions
3.7 Consumer buying behavior analysis
3.7.1 Demographic trends
3.7.2 Factors affecting buying decision
3.7.3 Consumer product adoption
3.7.4 Preferred distribution channel
3.7.5 Preferred price range
3.8 Growth potential analysis
3.9 Raw material analysis
3.10 Trade analysis
3.10.1 Export data
3.10.2 Import data
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
5.1 Key trends
5.2 Rigid gas permeable
5.3 Soft contact
5.4 Hybrid contact
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 – 2032, (USD BILLION) (MILLION UNITS)
6.1 Key trends
6.2 Corrective
6.3 Therapeutic lenses
6.4 Cosmetic lenses
6.4.1 Colored
6.4.2 Circle
6.5 Prosthetic lenses
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (MILLION UNITS)
7.1 Key trends
7.2 Hydrogel
7.2.1 HEMA hydrogel
7.2.2 Silicone hydrogel
7.3 Polymers
7.3.1 Polyvinyl alcohol
7.3.2 Rigid gas permeable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY DESIGN, 2021 – 2032, (USD BILLION) (MILLION UNITS)
8.1 Key trends
8.2 Spherical
8.3 Toric
8.4 Multifocal
8.5 Others (Monovision)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY USAGE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
9.1 Key trends
9.2 Daily disposable
9.3 Weekly disposable
9.4 Monthly disposable
9.5 Annual
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD MILLION) (MILLION UNITS)
10.1 Key trends
10.2 Online
10.2.1 E commerce
10.2.2 Company websites
10.3 Offline
10.3.1 Optical stores
10.3.2 Eye care clinics
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021 – 2032, (USD BILLION) (MILLION UNITS)
11.1 Key trends
11.2 China
11.3 India
11.4 Japan
11.5 South Korea
11.6 ANZ
11.7 Southeast Asia
11.7.1 Indonesia
11.7.2 Thailand
11.7.3 Malaysia
11.7.4 Singapore
11.7.5 Philippines
CHAPTER 12 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
12.1 Alcon (Novartis)
12.2 Bausch + Lomb
12.3 BenQ Materials Corporation
12.4 Carl Zeiss AG
12.5 CLB Vision
12.6 CooperVision
12.7 EssilorLuxottica
12.8 Ginko International Co., Ltd.
12.9 Hoya Corporation
12.10 Johnson & Johnson Vision Care
12.11 Menicon Co., Ltd.
12.12 NeoVision
12.13 Pegavision Corporation
12.14 Safilens
12.15 SEED Co., Ltd.
CHAPTER 1 METHODOLOGY & SCOPE
1.1 Market scope & definition
1.2 Base estimates & calculations
1.3 Forecast parameters
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid sources
1.4.2.2 Public sources
CHAPTER 2 EXECUTIVE SUMMARY
2.1 Industry 360° synopsis, 2021- 2032
CHAPTER 3 INDUSTRY INSIGHTS
3.1 Industry ecosystem analysis
3.1.1 Factors affecting the value chain
3.1.2 Profit margin analysis
3.1.3 Disruptions
3.1.4 Future outlook
3.1.5 Manufacturers
3.1.6 Distributors
3.1.7 Retailers
3.2 Supplier landscape
3.3 Profit margin analysis
3.4 Key news & initiatives
3.5 Regulatory landscape
3.6 Impact forces
3.6.1 Growth drivers
3.6.1.1 Rising myopia rates
3.6.1.2 Expanding urbanization
3.6.1.3 Technological advancements in lenses
3.6.1.4 Rising disposable income
3.6.2 Industry pitfalls & challenges
3.6.2.1 High competition from eyewear alternatives
3.6.2.2 Limited awareness in rural regions
3.7 Consumer buying behavior analysis
3.7.1 Demographic trends
3.7.2 Factors affecting buying decision
3.7.3 Consumer product adoption
3.7.4 Preferred distribution channel
3.7.5 Preferred price range
3.8 Growth potential analysis
3.9 Raw material analysis
3.10 Trade analysis
3.10.1 Export data
3.10.2 Import data
3.11 Porter’s analysis
3.12 PESTEL analysis
CHAPTER 4 COMPETITIVE LANDSCAPE, 2023
4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix
CHAPTER 5 MARKET ESTIMATES & FORECAST, BY PRODUCT TYPE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
5.1 Key trends
5.2 Rigid gas permeable
5.3 Soft contact
5.4 Hybrid contact
CHAPTER 6 MARKET ESTIMATES & FORECAST, BY PRODUCT, 2021 – 2032, (USD BILLION) (MILLION UNITS)
6.1 Key trends
6.2 Corrective
6.3 Therapeutic lenses
6.4 Cosmetic lenses
6.4.1 Colored
6.4.2 Circle
6.5 Prosthetic lenses
CHAPTER 7 MARKET ESTIMATES & FORECAST, BY MATERIAL, 2021 – 2032, (USD BILLION) (MILLION UNITS)
7.1 Key trends
7.2 Hydrogel
7.2.1 HEMA hydrogel
7.2.2 Silicone hydrogel
7.3 Polymers
7.3.1 Polyvinyl alcohol
7.3.2 Rigid gas permeable
CHAPTER 8 MARKET ESTIMATES & FORECAST, BY DESIGN, 2021 – 2032, (USD BILLION) (MILLION UNITS)
8.1 Key trends
8.2 Spherical
8.3 Toric
8.4 Multifocal
8.5 Others (Monovision)
CHAPTER 9 MARKET ESTIMATES & FORECAST, BY USAGE, 2021 – 2032, (USD BILLION) (MILLION UNITS)
9.1 Key trends
9.2 Daily disposable
9.3 Weekly disposable
9.4 Monthly disposable
9.5 Annual
CHAPTER 10 MARKET ESTIMATES & FORECAST, BY DISTRIBUTION CHANNEL, 2021 – 2032, (USD MILLION) (MILLION UNITS)
10.1 Key trends
10.2 Online
10.2.1 E commerce
10.2.2 Company websites
10.3 Offline
10.3.1 Optical stores
10.3.2 Eye care clinics
CHAPTER 11 MARKET ESTIMATES & FORECAST, BY COUNTRY, 2021 – 2032, (USD BILLION) (MILLION UNITS)
11.1 Key trends
11.2 China
11.3 India
11.4 Japan
11.5 South Korea
11.6 ANZ
11.7 Southeast Asia
11.7.1 Indonesia
11.7.2 Thailand
11.7.3 Malaysia
11.7.4 Singapore
11.7.5 Philippines
CHAPTER 12 COMPANY PROFILES (BUSINESS OVERVIEW, FINANCIAL DATA, PRODUCT LANDSCAPE, STRATEGIC OUTLOOK, SWOT ANALYSIS)
12.1 Alcon (Novartis)
12.2 Bausch + Lomb
12.3 BenQ Materials Corporation
12.4 Carl Zeiss AG
12.5 CLB Vision
12.6 CooperVision
12.7 EssilorLuxottica
12.8 Ginko International Co., Ltd.
12.9 Hoya Corporation
12.10 Johnson & Johnson Vision Care
12.11 Menicon Co., Ltd.
12.12 NeoVision
12.13 Pegavision Corporation
12.14 Safilens
12.15 SEED Co., Ltd.
