Japan Contact Lens Market Size, Share, and COVID-19 Impact Analysis, By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Therapeutic, Cosmetic, Others), By Wear Type (Disposable, Reusable), By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), and Japan Contact Lens Market Insights Forecasts 2023 – 2033

Industry: Healthcare

RELEASE DATE Jan 2024
REPORT ID SI3402
PAGES 200
REPORT FORMAT PathSoft

Japan Contact Lens Market Insights Forecasts to 2033                    

  • The Japan Contact Lens Market Size was valued at USD 246.64 Million in 2023.
  • The Market Size is Growing at a CAGR of 7.93% from 2023 to 2033.
  • The Japan Contact Lens Market Size is Expected to Reach USD 528.84 Million by 2033.

 

Japan Contact Lens Market

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The Japan Contact Lens Market Size is Expected to Reach USD 528.84 Million by 2033, at a CAGR of 7.93% during the forecast period 2023 to 2033.

 

Market Overview

A contact lens is a precision-crafted disc made of high-quality materials such as advanced polymers and silicone hydrogel, and it is an optical and engineering marvel. This carefully crafted lens is gently placed on the surface of the eye, perfectly conforming to its unique curvature, due to its ultra-thin profile. The contact lens is a unique and personalized solution for correcting a wide range of vision problems with exceptional accuracy and comfort. As a practical and aesthetically pleasing alternative to traditional eyeglasses, contact lenses are growing in popularity. Contact lenses have grown rapidly in popularity as a practical and aesthetically pleasing alternative to traditional eyeglasses. Individuals can enjoy a more natural field of view and participate in various activities without the limitations and inconvenience of glasses due to their seamless integration into daily life. Contact lenses provide unparalleled flexibility and freedom when playing sports, pursuing hobbies, or simply going about daily activities.

 

Report Coverage

This research report categorizes the market for Japan contact lens market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the Japan contact lens market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the Japan contact lens market.

 

Japan Contact Lens Market Report Coverage

Report CoverageDetails
Base Year:2023
Market Size in 2023:USD 246.64 Million
Forecast Period:2023-2033
Forecast Period 2023-2033 CAGR:7.93%
2033 Value Projection:USD 528.84 Million
Historical Data for:2019-2022
No. of Pages:200
Tables, Charts & Figures:110
Segments covered:By Material Type, By Design, By Application, By Wear Type, By Distribution Channel and COVID-19 Impact Analysis.
Companies Covered:Johnson & Johnson, HOYA Corporation, Cooper Companies, Bausch + Lomb, Alcon Japan, Carl Zeiss Meditec AG, Seed Co., Ltd., EssilorLuxottica, BenQ Materials Corporation, Menicon Co., Ltd. and Other Key Vendors.
Pitfalls & Challenges:COVID-19 Empact, Challenge, Future, Growth, & Analysis

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Driving Factors

The growing burden of optical disorders in Japan is significantly contributing to the rising demand for contact lenses. With an aging population and an increase in screen time among all age groups, conditions such as myopia, hypermetropia, and presbyopia are becoming more common. Corrective eyewear is already worn by a sizable portion of the population, and this trend is expected to continue in the coming years. In Japan, there is a growing trend toward enhancing personal aesthetics, which is significantly driving contact lens demand. Manufacturers are actively investing in product innovation and comfort-enhancing technologies to meet rising demand. Individuals' increased screen time in Japan has become a significant catalyst for an anticipated surge in demand for contact lenses. Furthermore, it is worth noting that the aesthetic consciousness of Japanese society plays a critical role in driving the preference for contact lenses over traditional eyeglasses, further inflating demand for these vision correction options.

 

Restraining Factors

The rising popularity of corrective eye surgery in Japan is expected to have a significant impact on contact lens demand. Contact lens use may decline in Japan as people become more aware of the potential health risks associated with prolonged use.

 

Market Segment

  • In 2023, the silicone hydrogel segment accounted for the largest revenue share over the forecast period.

Based on material type, the Japan contact lens market is segmented into silicone hydrogel, hydrogel, gas permeable, and others. Among these, the silicone hydrogel segment has the largest revenue share over the forecast period. This is due to their high oxygen permeability, which not only reduces eye dryness but also provides the wearer with exceptional comfort throughout the day. Silicone hydrogel lenses, unlike other types of lenses, are designed to allow more oxygen into the eyes, promoting healthier and more comfortable vision correction. Furthermore, these lenses are known for their outstanding durability and high water content, which ensures a comfortable and long-lasting wearing experience. Since silicone hydrogel lenses are designed to resist deposits and maintain lens surface moisture, they provide optimal eye health. This improves comfort while also lowering the risk of eye infections and irritation.

 

  • The spherical segment is witnessing significant CAGR growth over the forecast period.

Based on the design, the Japan contact lens market is segmented into spherical, toric, multifocal, and others. Among these, the spherical segment is witnessing significant CAGR growth over the forecast period. This is largely due to the widespread use of spherical contact lenses, which are affordable, widely available, and capable of correcting common vision problems such as myopia and hyperopia. Spherical contact lenses are popular due to their ease of use and compatibility with a wide range of eye shapes.

 

  • In 2023, the corrective segment accounted for the largest revenue share over the forecast period.

Based on application, the Japan contact lens market is segmented into corrective, therapeutic, cosmetic, and others. Among these, the corrective segment has the largest revenue share over the forecast period. These lenses have several advantages over traditional eyeglasses. They provide a natural field of view because they are fixed directly on the eye's surface. They are effective in correcting nearsightedness, farsightedness, presbyopia, and astigmatism in patients.

 

  • In 2023, the disposable segment accounted for the largest revenue share over the forecast period.

Based on wear type, the Japan contact lens market is segmented into disposable, and reusable. Among these, the disposable segment has the largest revenue share over the forecast period. This can be attributed to increased consumer preference for disposable lenses, which provide greater user comfort. Furthermore, since they avoid the problems associated with longer lens replacements, these lenses are considered the healthiest by the majority of users and are increasingly prescribed by eye care professionals. As a consequence, many players have begun to develop disposable lenses. Disposable lenses are a soft and flexible plastic material that is commonly used by people who participate in sports or live an active lifestyle. Since a new pair of contact lenses is used every day, they are less likely to cause irritation, infections, itchiness, and other problems by preventing the accumulation of proteins, lipids, or bacteria.

 

  • The retail stores segment is witnessing significant CAGR growth over the forecast period.

Based on distribution channels, the Japan contact lens market is segmented into retail stores, hospitals & clinics, and online. Among these, the retail stores segment is witnessing significant CAGR growth over the forecast period. Many customers prefer to buy from retail stores as they provide immediate access and speed up the purchase decision. These stores' eye-care professionals provide personalized prescription services based on the customers' vision needs. The segmental growth can be attributed to manufacturers' ongoing initiatives to produce advanced products at very low retail prices, which are then combined with additional discounts offered by retail sellers.

 

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the Japan contact lens market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

 

List of Key Companies

  • Johnson & Johnson
  • HOYA Corporation
  • Cooper Companies
  • Bausch + Lomb
  • Alcon Japan
  • Carl Zeiss Meditec AG
  • Seed Co., Ltd.
  • EssilorLuxottica
  • BenQ Materials Corporation
  • Menicon Co., Ltd.
  • Others

 

Key Target Audience

  • Market Players
  • Investors
  • End-users
  • Government Authorities 
  • Consulting and Research Firm
  • Venture capitalists
  • Value-Added Resellers (VARs)

 

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the Japan Contact Lens Market based on the below-mentioned segments:

 

Japan Contact Lens Market, By Material Type

  • Silicone Hydrogel
  • Hydrogel
  • Gas permeable
  • Others

 

Japan Contact Lens Market, By Design

  • Spherical
  • Toric
  • Multifocal
  • Others

 

Japan Contact Lens Market, By Application

  • Corrective
  • Therapeutic
  • Cosmetic
  • Others

 

Japan Contact Lens Market, By Wear Type

  • Disposable
  • Reusable

 

Japan Contact Lens Market, By Distribution Channel

  • Retail Stores
  • Hospitals & Clinics
  • Online

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