Trends and Insights in the Asia Pacific Eye Care Market: A Comprehensive Market Report

According to a TechSci Research report, the Asia-Pacific eye care market is segmented by product type (glasses, contact lenses, intraocular lenses, eye drops, etc.), coating (anti-glare, anti-reflective, etc.), lens. material (clear glass, polycarbonate, Trivex, etc.), end users (hospitals, specialty clinics, others), by country, forecast and opportunities, 2028”, the market is expected to grow steadily during the forecast period due to awareness of eye health and the focus of governments on improving healthcare infrastructure. Developing countries such as India and China are experiencing rapid urbanization, which has resulted in improved healthcare infrastructure, which has led to the growth of the eye care industry. In addition, several health organizations and NGOs are working to create awareness about eye health, which supports the eye care market in the region.

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Additionally, the prevalence of various eye problems and diseases such as glaucoma, amblyopia, and strabismus are contributing to the growth of the eye care market in Asia Pacific. Growing elderly population with more eye problems like cataracts is a factor fueling the eye care products market. Vision-related disorders, including nearsightedness and farsightedness in the younger population, is another factor driving the demand for eye care products. The increasing prevalence of electronic devices can adversely affect the eyes, which will positively affect the vision care market in Asia Pacific. However, the Asia-Pacific eye care market also faces certain constraints such as rising medical costs. In addition, lack of knowledge about eye care in rural areas and side effects associated with the use of certain eye care products are hindering the growth of the eye care market in the region. The Asia-Pacific eye care market is segmented by product type, coating, lens material, distribution channel and country. On the basis of product type, the market can be segmented into eyeglasses, contact lenses, intraocular lenses, eye drops, and others. Among these, the eyewear segment held the largest market share in 2019 and is expected to grow at the fastest rate in 2028 due to the easy availability and affordability of these products. On the basis of distribution channel, the market is segmented into retail stores, e-commerce, clinics and hospitals. In 2019, the retail sales segment grew the most. However, the fastest growing segment during the forecast period is the online segment, which offers a variety of eye care products at relatively lower prices compared to other stores. Several online channels have entered the market and are also introducing online testing where you can check the condition of your eyes and get professional help. Key players operating in the Asia-Pacific eye care market are Luxottica India Eyewear Pvt Ltd, GKB Rx Lens Pvt. Ltd., Essilor India Private Limited, Carl Zeiss, Bausch and Lomb, Essilor, CooperVision, Titan Industries Ltd., Auro Laboratories Ltd. and Johnson and Johnson Private Limited. Companies invest heavily in research and development to bring new products to market.

“Asia Pacific is considered to be an emerging and lucrative market for eye care industry as the region is witnessing spike in number of people suffering from various eye and vision related problems. Technological advancement and growing number of smartphone users have further contributed to surge in demand for eye care products. Keeping in mind the high demand, manufacturers are coming up with new generation eye care products, featuring innovative materials” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Asia Pacific Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Others), By Coating (Anti-Glare, Anti reflecting, Others), By Lens Material (Normal Glass, Polycarbonate, Trivex, Others), By End User (Hospitals, Specialty Clinics, Others), By Country, Forecast & Opportunities, 2028” has evaluated the future growth potential of Asia Pacific 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 Asia Pacific eye care market.

Report Scope:

In this report, Asia Pacific eye care market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Asia Pacific Eye Care Market, By Product Type:
  • Eyeglasses
  • Contact Lens
  • Intraocular Lens
  • Eye Drops
  • Others
• Asia Pacific Eye Care Market, By Coating:
  • Anti-Glare
  • Anti-Reflecting
  • Others
• Asia Pacific Eye Care Market, By Lens Material:
  • Normal Glass
  • Polycarbonate
  • Trivex
  • Others
• Asia Pacific Eye Care Market, By Distribution Channel:
  • Retail Stores
  • E-Commerce
  • Clinics
  • Hospitals
• Asia Pacific Eye Care Market, By Country:

• • China
  • Japan
  • India
  • South Korea
  • Australia
  • Singapore
  • Thailand
  • Vietnam
  • Malaysia
  • Indonesia

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