Surging demand for better eyecare facilities is driving the growth if Japan Contact Lens Market, FY2017-FY2027.
According to TechSci report on, “Japan Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others), By Design (Spherical, Toric, Multifocal, Others), By Wear Type (Disposable v/s Reusable), By Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), By Region, Competition Forecast & Opportunities, FY2027”, Japan contact lens market has shown promising growth in historical years until FY2020 and is expected to continue its growth in upcoming forecast years FY2023 to FY2027. Japan contact lens market owes its growth to the factors like rapidly increasing geriatric population of the country. Older population is more susceptible to weaker eyesight and blurry vision thereby driving the growth of the Japan contact lens market in the upcoming five years.
Moreover, cosmetic uses for contact lens are also substantiating the growth of the Japan contact lens market in the next five years. Additionally, excessive screen time and extended working hours is increasing the chances of weaker eyesight among the young population of the country, thus aiding the growth of the Japan contact lens market in the future five years. Growing preference for contact lenses over the prescription eyeglasses due to changing trends and beauty standards is accelerating the growth of the Japan contact lenses market in the forecast period.
Browse over XX market data Figures spread through 70 Pages and an in-depth TOC on "Japan Contact lens Market"
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Segmentation of Japan contact lens market are based on material type, design, wear type, application, distribution channel, regional distribution, and competitional landscape. Based on distribution channel, the market is further segmented into retail stores, hospitals & clinics, and online. Retail stores are expected to register maximum sales of the contact lenses with maximum revenue shares generated and dominate the market segment on the account of surging demand for the cosmetic contact lenses along with the increasing number of retail stores in the country. Increasing disposable income among the population along with the increasing demand for the disposable contact lens is further driving the growth of the Japan contact lens market in the future five years.
Based on application, the market is further bifurcated into corrective, therapeutic, cosmetic, and others. Corrective contact lens is anticipated to hold the largest revenue shares and dominate the market segment in the upcoming five years, on the account of rapidly increasing number of patients suffering from blurred vision and weaker eyesight. Moreover, the convenience of contact lenses over eyeglasses is driving growth of the Japan contact lens market in the next five years. Cosmetic contact lens is expected to register fastest growing CAGR value in the future five years on the account of rapidly evolving trends. The fashion trends of colorful contact lens for the cosmetic purposes if further aiding the growth of the Japan contact lens market in the forecast period.
The Japan contact lens market is growing along with the developing and evolving market players like 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., among others. The mentioned market players have major market revenue shares than the other players existing or entering the market.
Major market players are actively dedicated in the research and development of the advanced products such that the consumer’s demand could be fulfilled. Consistent research ensures the future launches for the better products and services. With rapidly surging demand for the advanced products, the new market entrants would be able to establish their brand and thus their market-place. Other strategies include collaborations and partnerships with the pre-existing market players or the research institutes such that government funding can be availed for the product development.
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“Healthcare facilities in the country is improving rapidly. Rising awareness regarding the eyecare is further creating the lucrative growth of the Japan contact lens market in the future five years. Consistent research and technological advancement in the product manufacturing, and improving the functionality is aiding the growth of the future prospects of the market. Also, the industry is expanding on the backbone of rapidly increasing number of market players. Some of the global giants are actively providing the new product launches and services like online shopping and online selection of eyewear thereby enhancing better customer experience and thereby supporting the future growth of the market,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Japan Contact lens Market By Type (Nitrogen Fixing, Phosphate Fixing, Potassium Fixing, Others), By Mode of Application (Soil Treatment, Seed Treatment, Others), By Form (Liquid v/s Carrier-Based), By Crop Type (Cereals & Grains, Pulses & Oilseeds, Fruits & Vegetables, Others), By Source (Domestic v/s Import), By Region, Competition Forecast & Opportunities, FY2027” has evaluated the future growth potential of Japan Contact lens 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 Japan Contact lens market.
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