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Triton Market Research forecasts that the contact lenses market in China will experience a Compound Annual Growth Rate CAGR of 8.57 by revenue and 6.92 by volume from 2023 to 2028, reaching revenues of $XX million and volumes of XX thousand units by the year.
Contact lenses are small curved lenses that sit on top of the eye's tear film layer covering the cornea. They serve like glasses for those suffering from refractive issues impacting vision. Even though contact lenses initially appear transparent, they often incorporate a hint of color to match wearers' natural eye tone.
China's National Medical Products Administration NMPA classifies contact lenses as Class III medical devices and requires manufacturers to obtn registration certificates from the NMPA before commercialization. Practitioners in China are authorized to fit soft lenses at local eye clinics, hospitals, or optical shops.
Myopia prevalence has significantly risen in China in recent years, increasing by over 2.5 from 2019 to 2020. This growth is typically attributed to kids sping more time indoors with digital screens. Additionally, Chinese consumers have become wealthier and are increasingly willing to invest more in contact lenses. As a result, the market for contact lenses has experienced substantial expansion.
However, the market may face challenges due to cheap and easy avlability of inferior knockoff products from well-known brands. Furthermore, between 10 and 50 of users discontinue wearing contact lenses within their first three years primarily due to discomfort CLD or dry eyes symptoms, limiting market growth potential.
Triton Market Research's comprehensive report offers an in-depth analysis of the Chinese contact lenses market, including segmentation insights. The detled market analysis includes a PESTLE and value chn analysis. Segmentation of the China contact lenses market is categorized by type, category, distribution channel.
The leading players operating within this industry include Shangh Weicon Co Ltd, Johnson Johnson Inc, Alcon China Ophthalmic Product Co Ltd, CooperVision Trading Shangh Co Ltd, Bausch Lomb Inc, and Shangh Hydron Contact Lens Optics Co..
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China Contact Lenses Market Growth Forecast Triton Market Research Report Overview Myopia Prevalence Increase in China Contact Lens Discontinuation Rates NMPA Class III Medical Device Regulation Rich Chinese Consumers Invest in Vision