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Vietnam Contact Lenses Market By Material (Gas Permeable, Silicon Hydrogel, Hybrid); By Design (Spherical Lens, Toric Lens, Multifocal Lens, Traditional (Reusable) Lenses); By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented); By Distribution Channel (E-commerce, Eye Care Professionals, Retail); By Usage (Daily Disposable, Disposable, Frequently Disposable, Traditional (Reusable) Lenses); By Region – Growth, Share, Opportunities & Competitive Analysis, 2024 – 2032

Summary
Table Of Content

REPORT ATTRIBUTE	DETAILS
Historical Period	2019-2022
Base Year	2023
Forecast Period	2024-2032
Vietnam Contact Lenses Market Size 2023	USD 47.63 million
Vietnam Contact Lenses Market, CAGR	8.67%
Vietnam Contact Lenses Market Size 2032	USD 100.66 million

Market Overview

The Vietnam contact lenses market is projected to witness substantial growth, with its value expected to surge from USD 47.63 million in 2023 to USD 100.66 million by 2032, representing a remarkable compound annual growth rate of 8.67%. The Vietnam contact lenses market is at a pivotal juncture, primed for substantial growth and innovation. Contact lenses have become a favored choice among consumers in the eyewear industry, catering to those seeking vision correction, cosmetic enhancements, and lifestyle convenience. This market overview examines the dynamic landscape, trends, and opportunities driving the Vietnam contact lenses market forward.

Characterized by a convergence of factors propelling its expansion, the Vietnam contact lenses market is witnessing increasing awareness about ocular health, rising disposable incomes, and a growing prevalence of vision disorders. Consumer preferences are shifting towards convenient vision correction solutions, further fueled by technological advancements like silicone hydrogel and daily disposable lenses. Regulatory oversight by the Vietnamese government underscores a commitment to promoting eye health initiatives and ensuring stringent product safety standards, thereby safeguarding consumer interests and upholding market quality. Material choices include hydrogel, silicone hydrogel, and gas permeable materials, each offering unique advantages in comfort and oxygen permeability. Different designs address specific refractive errors, while distribution channels encompass optical stores, e-commerce platforms, and specialized eye care clinics, catering to diverse consumer preferences and accessibility needs.

Notable trends shaping the Vietnam contact lenses market include the increasing adoption of daily disposable lenses for their convenience and hygiene benefits. Technological innovations in lens materials and designs are enhancing comfort and visual acuity, while customization and personalization options are meeting individualized preferences. Additionally, contact lenses are increasingly perceived as fashion accessories, with colored and cosmetic lenses gaining popularity among fashion-conscious consumers. The proliferation of online retail channels has facilitated greater accessibility and convenience, driving significant growth in online sales.

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Segmentations:

By Material

Gas Permeable
Silicon Hydrogel
Hybrid

By Design

Spherical Lens
Toric Lens
Multifocal Lens
Traditional (Reusable) lenses Lens

By Application

Corrective
Therapeutic
Cosmetic
Prosthetic
Lifestyle-oriented

By Distribution Channel

E-commerce
Eye Care Professionals
Retail

By Usage

Daily Disposable
Disposable
Frequently Disposable
Traditional (Reusable) lenses

Market Drivers

Rising Disposable Income:

Vietnam’s robust economic growth has contributed to an increase in disposable income among consumers, thereby influencing their spending patterns. As disposable income levels rise, individuals have more financial flexibility to allocate funds towards discretionary items, such as contact lenses. Unlike traditional eyeglasses, contact lenses offer a convenient and stylish alternative for vision correction, particularly appealing to consumers who prioritize aesthetics and convenience in their daily lives.

Increased Awareness of Eye Care:

There has been a noticeable shift in public awareness regarding eye health in Vietnam, driven by concerted efforts from healthcare professionals and educational campaigns. For example, In 2013, there were only three qualified optometrists practicing in Vietnam to serve a population of 90 million. Today in 2023 the population is close to 99.5 million and there are an estimated 21 million Vietnamese people requiring eye care services who do not have access to an optometrist, eye examinations, or glasses. As a result, more individuals are proactively seeking solutions for vision correction and prioritizing regular eye checkups. This growing awareness has led to a greater acceptance of corrective lenses, including contact lenses, as viable options for addressing refractive errors. With an emphasis on preventive healthcare, consumers are increasingly recognizing the importance of maintaining optimal eye health through regular screenings and appropriate corrective measures.

Convenience and Lifestyle Changes:

The evolving lifestyle preferences of Vietnamese consumers, characterized by active pursuits and increased screen time, have fueled the demand for contact lenses. For instance, as of January 2023, around 48.8 percent of the participants in Vietnam reported having a well-balanced lifestyle with equal amounts of healthy and unhealthy days. With the proliferation of digital devices and the prevalence of activities such as sports and computer work, contact lenses offer a practical solution for maintaining visual comfort and clarity.

Their ability to provide a wider field of view and freedom of movement makes them well-suited for individuals leading dynamic lifestyles, where convenience and flexibility are paramount. The increasing cases of refractive errors, such as myopia, hyperopia, presbyopia, and astigmatism, are the major factors driving the demand for contact lenses globally. This suggests that the lifestyle changes and the need for vision correction are contributing to the growing demand for contact lenses.

Growing Disposable Segment:

Within the contact lens market, there is a notable trend towards the adoption of daily disposable lenses, driven by their inherent convenience and hygiene benefits. As consumers prioritize convenience and ease of use, daily disposable lenses offer a hassle-free solution by eliminating the need for cleaning and maintenance. This segment appeals to wearers who value the assurance of wearing a fresh pair of lenses each day, thereby minimizing the risk of infections and discomfort associated with prolonged use.

Enhanced Healthcare Infrastructure:

Improvements in Vietnam’s healthcare infrastructure have played a pivotal role in enhancing access to eye care services and professionals proficient in prescribing and fitting contact lenses. With a growing network of clinics, hospitals, and optical centers equipped with modern diagnostic tools and trained personnel, consumers have greater confidence in seeking professional guidance for their vision-related needs. This expanded access to quality eye care services contributes to the overall growth and sustainability of the contact lens market in Vietnam, ensuring that individuals receive comprehensive care tailored to their specific requirements.

Market Trends

Shift towards Daily Disposables:

A notable trend in the Vietnamese contact lens market is the increasing preference for daily disposable lenses. For instance, the contact lenses market in Vietnam has experienced significant growth in recent years, driven by the country’s increasing awareness of vision correction and the growing preference for contact lenses over traditional eyeglasses. This surge in popularity can be attributed to several factors, including convenience, hygiene, and potentially better comfort for wearers. Daily disposable lenses eliminate the need for cleaning solutions and maintenance, offering a hassle-free experience for users. Additionally, the convenience of wearing a fresh pair of lenses each day appeals to consumers seeking simplicity in their daily routines. The potential for improved comfort, especially for individuals with sensitive eyes or allergies, further contributes to the growing adoption of daily disposables.

Focus on Colored Lenses:

There is a noticeable trend towards the demand for colored contact lenses in Vietnam, driven not only by vision correction needs but also by cosmetic preferences. Colored lenses offer consumers the opportunity to change their eye color or enhance their natural appearance, catering to fashion-forward individuals seeking to express their unique style. This growing segment underscores the importance of aesthetic considerations in the contact lens market, with manufacturers expanding their product offerings to meet diverse consumer preferences for color and design.

Increased Focus on Premium Materials:

With rising disposable income levels, Vietnamese consumers are increasingly opting for premium contact lenses made from advanced materials such as silicone hydrogel. These lenses offer superior oxygen permeability, comfort, and overall eye health, addressing the growing demand for high-quality vision correction solutions. The shift towards premium materials reflects consumers’ willingness to invest in products that prioritize comfort and long-term eye health benefits, underscoring the importance of innovation and technological advancement in the contact lens industry.

Rise of Private Label Brands:

In addition to established brands, private label contact lenses offered by retailers are gaining traction in the Vietnamese market. These private label brands often provide competitive pricing and value propositions, appealing to budget-conscious consumers seeking affordable yet reliable vision correction options.

For instance, in 2028, it is anticipated that the volume of the Contact Lenses market in Vietnam will reach 43.6m pieces. In 2025, a volume growth of 0.2% is projected for this market segment. Moreover, the average volume per person in the Contact Lenses market is expected to reach 0.4 pieces in 2024. The contact lenses market in Vietnam has experienced significant growth in recent years, driven by the country’s increasing awareness of vision correction and the growing preference for contact lenses over traditional eyeglasses. The market has witnessed a surge in demand as consumers seek solutions for refractive errors, astigmatism, and cosmetic enhancements.

Growing Awareness of Eye Care Hygiene:

There is a growing awareness among Vietnamese consumers regarding the importance of proper contact lens hygiene to prevent infections and maintain ocular health. This heightened awareness is expected to drive demand for related products such as contact lens solution and storage cases. Consumers are increasingly prioritizing hygiene considerations when selecting contact lens products, emphasizing the need for comprehensive eye care practices and education initiatives. The emphasis on eye care hygiene reflects a broader trend towards proactive health management and preventive measures among Vietnamese consumers.

Market Restraints and Challenges

Limited Eye Care Access:

Despite improvements in infrastructure, access to qualified eye care professionals capable of prescribing and fitting contact lenses remains limited in certain areas of Vietnam, particularly rural regions. This limited access can impede market penetration and hinder the widespread adoption of contact lenses among underserved populations. The disparity in access to eye care services underscores the importance of addressing geographical barriers and expanding healthcare infrastructure to ensure equitable distribution of vision correction solutions across the country.

Price Sensitivity:

A significant portion of the Vietnamese population perceives contact lenses as a luxury item due to their relatively high price compared to alternative vision correction methods. This price sensitivity poses a challenge to market growth, as cost considerations may deter consumers from opting for contact lenses and push them towards cheaper, potentially lower quality alternatives. The affordability of contact lenses remains a key determinant of market size and penetration, highlighting the need for pricing strategies that balance affordability with product quality and value.

Lack of Awareness on Proper Use and Care:

Despite increasing awareness of eye care, knowledge gaps persist regarding proper contact lens hygiene and safe wear practices among Vietnamese consumers. This lack of awareness can lead to improper lens care practices, increasing the risk of eye infections and negative user experiences. Addressing these knowledge gaps through comprehensive education campaigns and accessible resources is essential to promoting responsible contact lens use and enhancing ocular health outcomes.

Competition from Eyeglasses:

Eyeglasses continue to be a popular and widely accepted vision correction method in Vietnam, posing competition to the contact lens market. Cultural preferences, cost-effectiveness, and perceived ease of use contribute to the continued dominance of eyeglasses as the preferred choice for vision correction among some segments of the population. Overcoming entrenched preferences for eyeglasses and highlighting the benefits of contact lenses, such as improved aesthetics and lifestyle flexibility, presents a challenge for market expansion in Vietnam.

Counterfeit Products:

The presence of counterfeit contact lenses in the Vietnamese market poses a significant safety concern for consumers. These unregulated and often substandard lenses may pose serious health risks, including eye infections and corneal damage. The availability of counterfeit products undermines consumer confidence in the safety and reliability of contact lenses, potentially impacting market growth and tarnishing the reputation of legitimate brands. Regulatory measures and consumer education efforts are needed to combat the proliferation of counterfeit contact lenses and ensure the safety of consumers.

Limited Domestic Production:

Vietnam’s reliance on imports for most contact lenses presents challenges in terms of price fluctuations and potential supply chain disruptions. The lack of domestic production capacity leaves the market vulnerable to external factors such as currency fluctuations and trade disruptions, impacting pricing stability and product availability. Developing local manufacturing capabilities for contact lenses could mitigate these risks and enhance the resilience of the Vietnamese contact lens market, supporting long-term sustainability and growth.

Key Players

Johnson & Johnson Vision Care
Bausch + Lomb
Alcon
CooperVision
Menicon
O-LENS
Essilor
Charmant Group
NEO Vision
Hoya Corporation

Regional Analysis

Northern

The Northern region of Vietnam, encompassing major cities like Hanoi and Hai Phong, holds the largest market share of approximately 35% in the country’s contact lenses market. This region’s rapidly growing urban population, rising disposable incomes, and increasing awareness of vision care have significantly contributed to the high demand for contact lenses.

Hanoi, the capital city, is home to a large and affluent population that has embraced the use of contact lenses as a convenient and fashionable alternative to traditional eyeglasses. The city’s well-established healthcare infrastructure, including numerous ophthalmology clinics and optical stores, ensures widespread availability and accessibility of contact lenses.

Southern

The Southern region of Vietnam, comprising Ho Chi Minh City and surrounding provinces, accounts for approximately 30% of the country’s contact lenses market share. This region’s economic strength, cosmopolitan lifestyle, and the presence of major healthcare facilities have contributed to the high demand for contact lenses.

Ho Chi Minh City, the country’s largest city and a bustling commercial hub, is home to a young and fashion-conscious population that values the aesthetic appeal and convenience of contact lenses. The city’s renowned ophthalmology centers, such as the Ho Chi Minh City Eye Hospital and the Cao Thang Eye Hospital, actively promote the use of contact lenses for vision correction and provide comprehensive eye care services.

Central

The Central region of Vietnam, encompassing cities like Da Nang and Hue, holds a market share of approximately 18% in the contact lenses market. This region’s growing urban population, rising affluence, and the presence of reputable healthcare institutions have contributed to the demand for contact lenses.

Da Nang, a rapidly developing coastal city, has experienced a surge in the use of contact lenses among its urban population. The city’s healthcare providers, such as the Da Nang Eye Hospital and the Vinmec International Hospital, actively promote the use of contact lenses for vision correction and provide comprehensive eye care services.

Central Highlands

The Central Highlands region of Vietnam, comprising provinces like Lam Dong and Gia Lai, accounts for a market share of approximately 10% in the contact lenses market. While not a major urban center, this region’s growing affluence and the presence of reputable healthcare facilities have contributed to the demand for contact lenses.

Lam Dong Province, known for its picturesque landscapes and agricultural activities, has witnessed a rising demand for contact lenses among its urban and semi-urban populations. The region’s healthcare providers, such as the Lam Dong General Hospital and the Duc Trong General Hospital, actively promote the use of contact lenses for vision correction and provide comprehensive eye care services.

Mekong Delta

The Mekong Delta region of Vietnam, encompassing provinces like Can Tho and Soc Trang, holds a market share of approximately 7% in the contact lenses market. While not a major urban center, this region’s growing affluence and the presence of reputable healthcare facilities have contributed to the demand for contact lenses. Can Tho, the largest city in the Mekong Delta region, has witnessed a rising demand for contact lenses among its urban and semi-urban populations. The region’s healthcare providers, such as the Can Tho General Hospital and the Hau Giang General Hospital, actively promote the use of contact lenses for vision correction and provide comprehensive eye care services.

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Future Outlook

Continued Growth: The Vietnam contact lenses market is poised for sustained expansion, driven by increasing consumer awareness and demand for vision correction solutions.
Technological Advancements: Ongoing innovations in lens materials and designs will enhance comfort, durability, and visual acuity, fostering market growth.
Shift Towards Daily Disposable Lenses: Growing preference for convenience and hygiene will drive demand for daily disposable lenses, reflecting changing consumer lifestyles.
Rising Affordability: Improving economic conditions and affordability of contact lenses will broaden market access, especially in rural areas.
Emphasis on Ocular Health: Heightened focus on eye health initiatives will encourage regular eye examinations and promote the adoption of contact lenses as a preferred vision correction option.
Expanding Distribution Channels: Increasing availability of contact lenses through diverse distribution channels, including online platforms and retail outlets, will improve accessibility for consumers.
Customization and Personalization: Consumer demand for tailored vision correction solutions will drive the development of customized contact lenses to meet individual needs and preferences.
Fashion and Aesthetic Appeal: Colored and cosmetic contact lenses will continue to gain popularity among fashion-conscious consumers, contributing to market growth.
Regulatory Compliance: Stringent regulatory standards will ensure product safety and quality, fostering consumer trust and confidence in the market.
Industry Collaboration: Collaborative efforts between manufacturers, eye care professionals, and healthcare providers will drive educational initiatives and enhance market penetration, promoting long-term sustainability and growth.

Chapter No. 1 :………. Introduction.. 15

1.1. Report Description. 15

Purpose of the Report 15

USP & Key Offerings. 15

1.2. Key Benefits for Stakeholders. 15

1.3. Target Audience. 16

1.4. Report Scope 16

Chapter No. 2 :………. Executive Summary. 17

2.1. Contact Lenses Snapshot 17

2.2. Vietnam Contact Lenses Market, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032 18

2.3. Insights from Primary Respondents. 19

Chapter No. 3 :………. Geopolitical Crisis Impact Analysis. 20

3.1. Russia-Ukraine and Israel-Palestine War Impacts. 20

Chapter No. 4 :………. Contact Lenses – Industry Analysis. 21

4.1. Introduction 21

4.2. Market Drivers 22

4.3. Driving Factor 1 Analysis. 22

4.4. Driving Factor 2 Analysis. 23

4.5. Market Restraints. 24

4.6. Restraining Factor Analysis. 24

4.7. Market Opportunities. 25

4.8. Market Opportunity Analysis. 25

4.9. Porter’s Five Forces Analysis. 26

4.10. Value Chain Analysis. 27

4.11. Buying Criteria 28

Chapter No. 5 :………. Price Analysis. 29

5.1. Price Analysis by Material 29

5.1.1. Vietnam Contact Lenses Price, By Material , 2018 – 2023. 29

Chapter No. 6 :………. Raw Materials Analysis. 30

6.1. Key Raw Materials and Suppliers. 30

6.2. Key Raw Materials Price Trend. 30

Chapter No. 7 :………. Manufacturing Cost Analysis. 31

7.1. Manufacturing Cost Analysis. 31

7.2. Manufacturing Process. 31

Chapter No. 8 :………. Analysis Competitive Landscape. 32

8.1. Company Market Share Analysis – 2023. 32

8.1.1. Vietnam Contact Lenses Market: Company Market Share, by Revenue, 2023. 32

8.1.2. Vietnam Contact Lenses Market: Company Market Share, by Revenue, 2023. 33

8.1.3. Vietnam Contact Lenses Market: Top 6 Company Market Share, by Revenue, 2023 33

8.1.4. Vietnam Contact Lenses Market: Top 3 Company Market Share, by Revenue, 2023 34

8.2. Vietnam Contact Lenses Company Volume Market Share, 2023. 35

8.3. Vietnam Contact Lenses Company Revenue Market Share, 2023. 36

8.4. Company Assessment Metrics, 2023. 37

8.4.1. Stars 37

8.4.2. Emerging Leaders. 37

8.4.3. Pervasive Players. 37

8.4.4. Participants 37

8.5. Start-ups /SMEs Assessment Metrics, 2023. 37

8.5.1. Progressive Companies. 37

8.5.2. Responsive Companies. 37

8.5.3. Dynamic Companies. 37

8.5.4. Starting Blocks 37

8.6. Strategic Developments. 38

8.6.1. Acquisitions & Mergers. 38

New Product Launch. 38

Regional Expansion. 38

8.7. Key Players Product Matrix. 39

Chapter No. 9 :………. PESTEL & Adjacent Market Analysis. 40

9.1. PESTEL 40

9.1.1. Political Factors. 40

9.1.2. Economic Factors. 40

9.1.3. Social Factors 40

9.1.4. Technological Factors. 40

9.1.5. Environmental Factors. 40

9.1.6. Legal Factors 40

9.2. Adjacent Market Analysis. 40

Chapter No. 10 :…….. Contact Lenses – By Material Segment Analysis. 41

10.1. Contact Lenses Overview, by Material Segment 41

10.1.1. Contact Lenses Revenue Share, By Material, 2023 & 2032. 42

10.1.2. Contact Lenses Attractiveness Analysis, By Material 43

10.1.3. Incremental Revenue Growth Opportunity, by Material, 2024 – 2032. 43

10.1.4. Contact Lenses Revenue, By Material, 2018, 2023, 2027 & 2032. 44

10.2. Gas Permeable 45

10.3. Silicon Hydrogel 46

10.4. Hybrid 46

Chapter No. 11 :…….. Contact Lenses – By Design Segment Analysis. 47

11.1. Contact Lenses Overview, by Design Segment 47

11.1.1. Contact Lenses Revenue Share, By Design , 2023 & 2032. 48

11.1.2. Contact Lenses Attractiveness Analysis, By Design. 49

11.1.3. Incremental Revenue Growth Opportunity, by Design , 2024 – 2032. 49

11.1.4. Contact Lenses Revenue, By Design , 2018, 2023, 2027 & 2032. 50

11.2. Spherical Lens 51

11.3. Toric Lens 52

11.4. Multifocal Lens 52

11.5. Traditional (Reusable) lenses Lens. 53

Chapter No. 12 :…….. Contact Lenses – By Application Segment Analysis. 54

12.1. Contact Lenses Overview, by Application Segment 54

12.1.1. Contact Lenses Revenue Share, By Application , 2023 & 2032. 55

12.1.2. Contact Lenses Attractiveness Analysis, By Application. 56

12.1.3. Incremental Revenue Growth Opportunity, by Application , 2024 – 2032. 56

12.1.4. Contact Lenses Revenue, By Application , 2018, 2023, 2027 & 2032. 57

12.2. Corrective 58

12.3. Therapeutic 59

12.4. Cosmetic 60

12.5. Prosthetic 61

12.6. Lifestyle-oriented. 61

Chapter No. 13 :…….. Contact Lenses Market – By Distribution Channel Segment Analysis. 62

13.1. Contact Lenses Market Overview, by Distribution Channel Segment 62

13.1.1. Contact Lenses Market Revenue Share, By Distribution Channel , 2023 & 2032. 63

13.1.2. Contact Lenses Market Attractiveness Analysis, By Distribution Channel 64

13.1.3. Incremental Revenue Growth Opportunity, by Distribution Channel , 2024 – 2032. 64

13.1.4. Contact Lenses Market Revenue, By Distribution Channel , 2018, 2023, 2027 & 2032 65

13.2. E-commerce 66

13.3. Eye Care Professionals. 67

13.4. Retail 68

Chapter No. 14 :…….. Contact Lenses Market – By Usage Segment Analysis. 69

14.1. Contact Lenses Market Overview, by Usage Segment 69

14.1.1. Contact Lenses Market Revenue Share, By Usage , 2023 & 2032. 70

14.1.2. Contact Lenses Market Attractiveness Analysis, By Usage. 71

14.1.3. Incremental Revenue Growth Opportunity, by Usage , 2024 – 2032. 71

14.1.4. Contact Lenses Market Revenue, By Usage , 2018, 2023, 2027 & 2032. 72

14.2. Daily Disposable. 73

14.3. Disposable 74

14.4. Frequently Disposable. 75

14.5. Traditional (Reusable) lenses. 76

Chapter No. 15 :…….. Company Profiles. 77

15.1. Cooper Vision 77

15.1.1. Company Overview.. 77

15.1.2. Product Portfolio. 77

15.1.3. Swot Analysis 77

15.1.4. Business Strategy. 78

15.1.5. Financial Overview.. 78

15.2. Seed Co. Vietnam Ltd. 79

15.3. Acuvue Vietnam 79

15.4. Bausch & Lomb 79

15.5. AVEO 79

15.6. Nice Eyes Service Trading Co., Ltd. 79

15.7. Hoya Lens Vietnam Ltd. 79

15.8. Essilor Vietnam 79

Chapter No. 16 :…….. Research Methodology. 80

16.1. Research Methodology. 80

16.2. Phase I – Secondary Research. 81

16.3. Phase II – Data Modeling. 81

Company Share Analysis Model 82

Revenue Based Modeling. 82

16.4. Phase III – Primary Research. 83

16.5. Research Limitations. 84

Assumptions. 84

List of Figures

FIG NO. 1………. Vietnam Contact Lenses Market, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 18

FIG NO. 2………. Porter’s Five Forces Analysis for Vietnam Contact Lenses Market. 26

FIG NO. 3………. Value Chain Analysis for Vietnam Contact Lenses Market 27

FIG NO. 4………. Vietnam Contact Lenses Price, By Material , 2018 – 2023. 29

FIG NO. 5………. Raw Materials Price Trend Analysis, 2018 – 2023. 30

FIG NO. 6………. Manufacturing Cost Analysis. 31

FIG NO. 7………. Manufacturing Process. 31

FIG NO. 8………. Company Share Analysis, 2023. 32

FIG NO. 9………. Company Share Analysis, 2023. 33

FIG NO. 10……… Company Share Analysis, 2023. 33

FIG NO. 11……… Company Share Analysis, 2023. 34

FIG NO. 12……… Contact Lenses – Company Volume Market Share, 2023. 35

FIG NO. 13……… Contact Lenses – Company Revenue Market Share, 2023. 36

FIG NO. 14……… Contact Lenses Revenue Share, By Material, 2023 & 2032. 42

FIG NO. 15……… Market Attractiveness Analysis, By Material 43

FIG NO. 16……… Incremental Revenue Growth Opportunity by Material, 2024 – 2032. 43

FIG NO. 17……… Contact Lenses Revenue, By Material, 2018, 2023, 2027 & 2032. 44

FIG NO. 18……… Vietnam Contact Lenses for Gas Permeable, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 45

FIG NO. 19……… Vietnam Contact Lenses for Silicon Hydrogel, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 46

FIG NO. 20……… Vietnam Contact Lenses for Hybrid, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 46

FIG NO. 21……… Contact Lenses Revenue Share, By Design , 2023 & 2032. 48

FIG NO. 22……… Market Attractiveness Analysis, By Design. 49

FIG NO. 23……… Incremental Revenue Growth Opportunity by Design , 2024 – 2032. 49

FIG NO. 24……… Contact Lenses Revenue, By Design , 2018, 2023, 2027 & 2032. 50

FIG NO. 25……… Vietnam Contact Lenses for Spherical Lens, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 51

FIG NO. 26……… Vietnam Contact Lenses for Toric Lens, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 52

FIG NO. 27……… Vietnam Contact Lenses for Toric Lens, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 52

FIG NO. 28……… Vietnam Contact Lenses for Toric Lens, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 53

FIG NO. 29……… Contact Lenses Revenue Share, By Application , 2023 & 2032. 55

FIG NO. 30……… Market Attractiveness Analysis, By Application. 56

FIG NO. 31……… Incremental Revenue Growth Opportunity by Application , 2024 – 2032. 56

FIG NO. 32……… Contact Lenses Revenue, By Application , 2018, 2023, 2027 & 2032. 57

FIG NO. 33……… Vietnam Contact Lenses for Corrective , Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 58

FIG NO. 34……… Vietnam Contact Lenses for Therapeutic, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 59

FIG NO. 35……… Vietnam Contact Lenses for Cosmetic, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 60

FIG NO. 36……… Vietnam Contact Lenses for Prosthetic, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 61

FIG NO. 37……… Vietnam Contact Lenses for Lifestyle-oriented, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 61

FIG NO. 38……… Contact Lenses Market Revenue Share, By Distribution Channel , 2023 & 2032. 63

FIG NO. 39……… Market Attractiveness Analysis, By Distribution Channel 64

FIG NO. 40……… Incremental Revenue Growth Opportunity by Distribution Channel , 2024 – 2032. 64

FIG NO. 41……… Contact Lenses Market Revenue, By Distribution Channel , 2018, 2023, 2027 & 2032. 65

FIG NO. 42……… Vietnam Contact Lenses Market for E-commerce , Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 66

FIG NO. 43……… Vietnam Contact Lenses Market for Eye Care Professionals, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 67

FIG NO. 44……… Vietnam Contact Lenses Market for Retail, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 68

FIG NO. 45……… Contact Lenses Market Revenue Share, By Usage , 2023 & 2032. 70

FIG NO. 46……… Market Attractiveness Analysis, By Usage. 71

FIG NO. 47……… Incremental Revenue Growth Opportunity by Usage , 2024 – 2032. 71

FIG NO. 48……… Contact Lenses Market Revenue, By Usage , 2018, 2023, 2027 & 2032. 72

FIG NO. 49……… Vietnam Contact Lenses Market for Daily Disposable, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 73

FIG NO. 50……… Vietnam Contact Lenses Market for Disposable, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 74

FIG NO. 51……… Vietnam Contact Lenses Market for Frequently Disposable, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 75

FIG NO. 52……… Vietnam Contact Lenses Market for Traditional (Reusable) lenses, Volume (Kilo Units) & Revenue (USD Million) 2018 – 2032. 76

FIG NO. 53……… Research Methodology – Detailed View.. 80

FIG NO. 54……… Research Methodology. 81

List of Tables

TABLE NO. 1. :…. Vietnam Contact Lenses Market: Snapshot 17

TABLE NO. 2. :…. Drivers for the Contact Lenses Market: Impact Analysis. 22

TABLE NO. 3. :…. Restraints for the Contact Lenses Market: Impact Analysis. 24

TABLE NO. 4. :…. Key Raw Materials & Suppliers. 30

Frequently Asked Questions:

What is the projected growth of the Vietnam Contact Lenses Market between 2023 and 2032?

The Vietnam contact lenses market is projected to witness substantial growth, with its value expected to surge from USD 47.63 million in 2023 to USD 100.66 million by 2032. This represents a remarkable compound annual growth rate of 8.67%.

What factors are driving the growth of the Vietnam Contact Lenses Market?

Several factors are driving the growth of the Vietnam contact lenses market, including increasing awareness about ocular health, rising disposable incomes, growing prevalence of vision disorders, evolving consumer preferences towards convenient vision correction solutions, and technological advancements in lens materials and designs. Additionally, regulatory initiatives promoting eye health and safety standards are also contributing to market expansion.

Who are the major players in the Vietnam Contact Lenses Market?

Some key players in the Vietnam contact lenses market include Johnson & Johnson Vision Care, Bausch + Lomb, Alcon, CooperVision, Menicon, O-LENS, Essilor, Charmant Group, NEO Vision, and Hoya Corporation. These companies play a significant role in shaping the market landscape through product innovation, distribution networks, and strategic partnerships.

How is the availability of Vietnam Contact Lenses Market expanding, and through what channels?

The availability of contact lenses in Vietnam is expanding through diverse distribution channels, including optical stores, e-commerce platforms, retail chains, specialized eye care clinics, pharmacies, cosmetic stores, supermarkets, and hypermarkets. This multi-channel approach ensures accessibility and convenience for consumers across various demographics, contributing to market growth and penetration.

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