Contact Lenses and Solutions in Hong Kong, China

May 2023 | 20 pages | ID: C4B469733E4EN
Euromonitor International Ltd

Abstracts

Demand for contact lenses in Hong Kong continues to grow. Following the cancellation of mandatory face mask policies, the local government lifted all pandemic-related restrictions in March 2023. Consumers' lives are returning to normal, and their social activities are increasing in frequency. Therefore, demand for contact lenses is rising, as these eyewear products are considered more convenient and comfortable, in addition to enhancing one’s overall look.

Euromonitor International's Contact Lenses and Solutions in Hong Kong, China report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data (2018-2022), allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market – be they new product developments, distribution or pricing issues. Forecasts to 2027 illustrate how the market is set to change.

Product coverage: Contact Lens Solutions, Contact Lenses.

Data coverage: market sizes (historic and forecasts), company shares, brand shares and distribution data.

Why buy this report?

• Get a detailed picture of the Contact Lenses and Solutions market;
• Pinpoint growth sectors and identify factors driving change;
• Understand the competitive environment, the market’s major players and leading brands;
• Use five-year forecasts to assess how the market is predicted to develop.

Euromonitor International has over 40 years' experience of publishing market research reports, business reference books and online information systems. With offices in London, Chicago, Singapore, Shanghai, Vilnius, Dubai, Cape Town, Santiago, Sydney, Tokyo and Bangalore and a network of over 800 analysts worldwide, Euromonitor International has a unique capability to develop reliable information resources to help drive informed strategic planning.

Contents

EYEWEAR IN THE PHILIPPINES
EXECUTIVE SUMMARY
Eyewear in 2023: The big picture
2023 key trends
Competitive landscape
Retailing developments
What next for eyewear?
MARKET DATA
Table 1 Sales of Eyewear by Category: Volume 2018-2023
Table 2 Sales of Eyewear by Category: Value 2018-2023
Table 3 Sales of Eyewear by Category: % Volume Growth 2018-2023
Table 4 Sales of Eyewear by Category: % Value Growth 2018-2023
Table 5 NBO Company Shares of Eyewear: % Value 2018-2022
Table 6 LBN Brand Shares of Eyewear: % Value 2019-2022
Table 7 Distribution of Eyewear by Format: % Value 2018-2023
Table 8 Forecast Sales of Eyewear by Category: Volume 2023-2028
Table 9 Forecast Sales of Eyewear by Category: Value 2023-2028
Table 10 Forecast Sales of Eyewear by Category: % Volume Growth 2023-2028
Table 11 Forecast Sales of Eyewear by Category: % Value Growth 2023-2028
DISCLAIMER
SOURCES
Summary 1 Research Sources
CONTACT LENSES AND SOLUTIONS IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Aesthetics ascends for millennials, pushing category expansion as players respond
E-commerce continues to boost sales as digital developments accelerate
Surge in screen stimulates demand for protective eyewear
PROSPECTS AND OPPORTUNITIES
Urbanisation set to fuel further expansion for optical goods stores in the Philippines, while DD lenses will continue rising
Local credit companies contribute to increased consumer spending as e-commerce gathers pace
Mayor eyewear players expand into contact lenses and solutions, with technological progress and fashion trends set to push value growth
CATEGORY DATA
Table 12 Sales of Contact Lenses by Category: Volume 2018-2023
Table 13 Sales of Contact Lenses by Category: Value 2018-2023
Table 14 Sales of Contact Lenses by Category: % Volume Growth 2018-2023
Table 15 Sales of Contact Lenses by Category: % Value Growth 2018-2023
Table 16 Sales of Contact Lens Solutions: Value 2018-2023
Table 17 Sales of Contact Lens Solutions: % Value Growth 2018-2023
Table 18 Sales of Contact Lenses by Type: % Value 2018-2023
Table 19 Sales of Daily Disposable Lenses (DD) by Material: % Value 2018-2023
Table 20 Sales of Daily Disposable Lenses (DD) by Condition: % Value 2018-2023
Table 21 Sales of Frequent Replacement Lenses (FRP) by Material: % Value 2018-2023
Table 22 Sales of Frequent Replacement Lenses (FRP) by Condition: % Value 2018-2023
Table 23 NBO Company Shares of Contact Lenses: % Value 2018-2022
Table 24 LBN Brand Shares of Contact Lenses: % Value 2019-2022
Table 25 Distribution of Contact Lenses by Format: % Value 2018-2023
Table 26 Distribution of Contact Lens Solutions by Format: % Value 2018-2023
Table 27 Forecast Sales of Contact Lenses by Category: Volume 2023-2028
Table 28 Forecast Sales of Contact Lenses by Category: Value 2023-2028
Table 29 Forecast Sales of Contact Lenses by Category: % Volume Growth 2023-2028
Table 30 Forecast Sales of Contact Lenses by Category: % Value Growth 2023-2028
Table 31 Forecast Sales of Contact Lens Solutions: Value 2023-2028
Table 32 Forecast Sales of Contact Lens Solutions: % Value Growth 2023-2028
SPECTACLES IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Growing population bolsters demand for spectacles
Spectacles evolve through hybrid innovations
The rise of BPO impacts spectacles purchases
PROSPECTS AND OPPORTUNITIES
Japanese brands to gain ground through tailoring spectacles to the local market, while Korean-style frames will continue to attract
Urbanisation and mobility enhancements improve accessibility to spectacles stores, while digital development continues apace
Rising recognition of spectacles as a necessity
CATEGORY DATA
Table 33 Sales of Spectacles by Category: Volume 2018-2023
Table 34 Sales of Spectacles by Category: Value 2018-2023
Table 35 Sales of Spectacles by Category: % Volume Growth 2018-2023
Table 36 Sales of Spectacles by Category: % Value Growth 2018-2023
Table 37 Sales of Spectacle Lenses by Type: % Value 2018-2023
Table 38 NBO Company Shares of Spectacles: % Value 2018-2022
Table 39 LBN Brand Shares of Spectacles: % Value 2019-2022
Table 40 Distribution of Spectacles by Format: % Value 2018-2023
Table 41 Forecast Sales of Spectacles by Category: Volume 2023-2028
Table 42 Forecast Sales of Spectacles by Category: Value 2023-2028
Table 43 Forecast Sales of Spectacles by Category: % Volume Growth 2023-2028
Table 44 Forecast Sales of Spectacles by Category: % Value Growth 2023-2028
SUNGLASSES IN THE PHILIPPINES
KEY DATA FINDINGS
2023 DEVELOPMENTS
Technology-integrated sunglasses spark rising demand
The fashion factor: sunglasses as a major growth segment for millennials
Boosted tourism spurs demand; Luxottica remains leading company though local player Sunnies tops brands
PROSPECTS AND OPPORTUNITIES
Tropical climate will help towards sustained demand for sunglasses
Expansion of major eyewear brands to boost both availability and demand
Rising credit opportunities will continue to encourage consumer spending on sunglasses
CATEGORY DATA
Table 45 Sales of Sunglasses: Volume 2018-2023
Table 46 Sales of Sunglasses: Value 2018-2023
Table 47 Sales of Sunglasses: % Volume Growth 2018-2023
Table 48 Sales of Sunglasses: % Value Growth 2018-2023
Table 49 NBO Company Shares of Sunglasses: % Value 2018-2022
Table 50 LBN Brand Shares of Sunglasses: % Value 2019-2022
Table 51 Distribution of Sunglasses by Format: % Value 2018-2023
Table 52 Forecast Sales of Sunglasses: Volume 2023-2028
Table 53 Forecast Sales of Sunglasses: Value 2023-2028
Table 54 Forecast Sales of Sunglasses: % Volume Growth 2023-2028
Table 55 Forecast Sales of Sunglasses: % Value Growth 2023-2028