SOUTH KOREA CONTACT LENSES MARKET 2023-2028

Consumer Goods & Services | Personal Care Products

SOUTH KOREA CONTACT LENSES MARKET 2023-2028

Market by Category, Type, and Distribution Channel | Forecast 2023-2028

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Triton Market Research estimates that the South Korea contact lenses market would witness a CAGR of 3.15% by revenue and 2.76% by volume over the forecast period 2023-2028. The market is expected to be valued at $XX million in terms of revenue and XX thousand units in terms of volume by 2028.

A contact lens is a small, curved lens that rests over the tear film and covers the cornea of the eye. Contact lenses, like spectacles, are used to treat refractive issues that impact vision. Even though contact lenses are initially clear, the tiniest hint of color is frequently utilized to make them more comfortable for wearers.

Contrary to eyeglasses, contact lenses are unaffected by rain and do not fog up in response to perspiration, temperature fluctuations or other factors. They are also a great option for individuals who participate in strenuous activities, including athletes who play contact or water sports. Additionally, compared to conventional eyeglasses, these lenses provide a larger field of view. Corrective as well as non-corrective contact lenses are considered as medical devices in the country, and are regulated by the Korea Ministry of Food and Drug Safety.

As people resumed outdoor activities post the pandemic, the demand for cosmetic lenses in South Korea increased. Also, with the rising influence of K-beauty standards and growing adoption by men, the contact lenses market is anticipated to rise. Along with domestic need, in 2021, exports of South Korean contact lenses leaped 28.6% on-year to $229.4 million, a turnaround from a 34.6% decline in 2020 shipments. China and Japan accounted for 32.4% and 20.7% of Korean exports, respectively. Indonesia and Thailand each accounted for 4.6%. Such growing demands will prove favorable for the studied market.

Major barriers in this industry include the availability of contact lenses from unauthorized vendors and counterfeit lenses. Furthermore, as more Koreans choose laser eye surgeries, the market for contact lenses will be increasingly constrained.

Triton Market Research’s report provides in-depth insight into the South Korea contact lenses market, along with segmentation analysis. The detailed analysis of the market includes PESTLE analysis and value chain analysis. The segmentation analysis of South Korea’s contact lenses market includes market by category, type and distribution channel. 

The eminent players in the South Korean contact lenses market are Johnson & Johnson Korea Co Ltd, Bausch & Lomb Korea Inc, Interojo Inc, Alcon Korea Ltd, and CooperVision Korea Inc.

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Table of Content

1. SOUTH KOREA CONTACT LENSES MARKET - SUMMARY

1.1. MARKET DEFINITION

1.2. MARKET SIZE & FORECASTS

1.3. MARKET DRIVING ASPECTS

1.4. MARKET RESTRAINING ASPECTS

1.5. KEY PLAYERS

2. SOUTH KOREA CONTACT LENSES MARKET OUTLOOK

2.1. IMPACT OF COVID-19 ON THE SOUTH KOREA CONTACT LENSES MARKET

2.2. MARKET SHARE ANALYSIS

2.3. BRAND SHARE ANALYSIS

2.4. PESTLE ANALYSIS

2.5. VALUE CHAIN ANALYSIS

3. SOUTH KOREA CONTACT LENSES MARKET – BY CATEGORY (IN $ MILLION & IN THOUSAND UNITS)

3.1 DAILY DISPOSABLE LENSES (DD)

3.1.1. DAILY DISPOSABLE LENSES (DD) MARKET - BY MATERIAL

3.1.1.1. HYDROGEL

3.1.1.2. SILICONE HYDROGEL

3.1.2. DAILY DISPOSABLE LENSES (DD) MARKET - BY CONDITION

3.1.2.1. MULTIFOCAL

3.1.2.2. SPHERICAL

3.1.2.3. TORIC

3.2. FREQUENT REPLACEMENT LENSES (FRP)

3.2.1. FREQUENT REPLACEMENT LENSES (FRP) MARKET - BY MATERIAL

3.2.1.1. HYDROGEL

3.2.1.2. SILICONE HYDROGEL

3.2.2. FREQUENT REPLACEMENT LENSES (FRP) MARKET - BY CONDITION

3.2.2.1. MULTIFOCAL

3.2.2.2. SPHERICAL

3.2.2.3. TORIC

3.3. CONVENTIONAL LENS

4. SOUTH KOREA CONTACT LENSES MARKET - BY TYPE (IN $ MILLION)

4.1. CLEAR

4.2. COSMETIC – CIRCLE

4.3. COSMETIC – NON-CIRCLE

5. SOUTH KOREA CONTACT LENSES MARKET – BY DISTRIBUTION CHANNEL (IN $ MILLION)

5.1. RETAIL CHANNELS

5.2. E-COMMERCE

6. COMPETITIVE LANDSCAPE

6.1. JOHNSON & JOHNSON KOREA CO LTD

6.1.1. OVERVIEW

6.1.2. PRODUCT PORTFOLIO

6.2. BAUSCH & LOMB KOREA INC

6.2.1. OVERVIEW

6.2.2. PRODUCT PORTFOLIO

6.3. INTEROJO INC

6.3.1. OVERVIEW

6.3.2. PRODUCT PORTFOLIO

6.4. ALCON KOREA LTD

6.4.1. OVERVIEW

6.4.2. PRODUCT PORTFOLIO

6.5. COOPERVISION KOREA INC

6.5.1. OVERVIEW

6.5.2. PRODUCT PORTFOLIO

7. RESEARCH METHODOLOGY & SCOPE

7.1. RESEARCH SCOPE & DELIVERABLES

7.2. SOURCES OF DATA

7.3. RESEARCH METHODOLOGY

List of Tables

TABLE 1: SOUTH KOREA CONTACT LENSES MARKET 2023-2028 (IN $ MILLION)

TABLE 2: SOUTH KOREA CONTACT LENSES MARKET 2023-2028 (IN THOUSAND UNITS)

TABLE 3: SOUTH KOREA CONTACT LENSES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

TABLE 4: SOUTH KOREA CONTACT LENSES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %)

TABLE 5: SOUTH KOREA – COUNTRY SNAPSHOT

TABLE 6: SOUTH KOREA CONTACT LENSES MARKET, BY CATEGORY, 2023-2028 (IN $ MILLION)

TABLE 7: SOUTH KOREA CONTACT LENSES MARKET, BY CATEGORY, 2023-2028 (IN THOUSAND UNITS)

TABLE 8: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY MATERIAL, 2023-2028 (IN $ MILLION)

TABLE 9: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY CONDITION, 2023-2028 (IN $ MILLION)

TABLE 10: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY MATERIAL, 2023-2028 (IN $ MILLION) 

TABLE 11: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY CONDITION, 2023-2028 (IN $ MILLION) 

TABLE 12: SOUTH KOREA CONTACT LENSES MARKET, BY TYPE, 2023-2028 (IN $ MILLION)

List of Figures

FIGURE 1: SOUTH KOREA CONTACT LENSES MARKET, MARKET SHARE ANALYSIS, 2020 & 2021 (IN %)

FIGURE 2: SOUTH KOREA CONTACT LENSES MARKET, BRAND SHARE ANALYSIS, 2020 & 2021 (IN %) 

FIGURE 3: VALUE CHAIN ANALYSIS

FIGURE 4: SOUTH KOREA CONTACT LENSES MARKET, BY CATEGORY, 2022 & 2028 (IN %)

FIGURE 5: SOUTH KOREA CONTACT LENSES MARKET, BY DAILY DISPOSABLE LENSES (DD), 2023-2028 (IN $ MILLION)

FIGURE 6: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY MATERIAL, 2022 & 2028 (IN %)

FIGURE 7: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY HYDROGEL, 2023-2028 (IN $ MILLION)

FIGURE 8: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY SILICONE HYDROGEL, 2023-2028 (IN $ MILLION)

FIGURE 9: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY CONDITION, 2022 & 2028 (IN %) 

FIGURE 10: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY MULTIFOCAL, 2023-2028 (IN $ MILLION)

FIGURE 11: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY SPHERICAL, 2023-2028 (IN $ MILLION)

FIGURE 12: SOUTH KOREA DAILY DISPOSABLE LENSES (DD) MARKET, BY TORIC, 2023-2028 (IN $ MILLION)

FIGURE 13: SOUTH KOREA CONTACT LENSES MARKET, BY FREQUENT REPLACEMENT LENSES (FRP), 2023-2028 (IN $ MILLION)

FIGURE 14: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY MATERIAL, 2022 & 2028 (IN %)

FIGURE 15: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY HYDROGEL, 2023-2028 (IN $ MILLION)

FIGURE 16: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY SILICONE HYDROGEL, 2023-2028 (IN $ MILLION)

FIGURE 17: SOUTH KOREA FREQUENT REPLACEMENT LENSES (DD) MARKET, BY CONDITION, 2022 & 2028 (IN %)

FIGURE 18: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY MULTIFOCAL, 2023-2028 (IN $ MILLION)

FIGURE 19: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY SPHERICAL, 2023-2028 (IN $ MILLION)

FIGURE 20: SOUTH KOREA FREQUENT REPLACEMENT LENSES (FRP) MARKET, BY TORIC, 2023-2028 (IN $ MILLION)

FIGURE 21: SOUTH KOREA CONTACT LENSES MARKET, BY CONVENTIONAL LENS, 2023-2028 (IN $ MILLION)

FIGURE 22: SOUTH KOREA CONTACT LENSES MARKET, BY TYPE, 2022 & 2028 (IN %)

FIGURE 23: SOUTH KOREA CONTACT LENSES MARKET, BY CLEAR, 2023-2028 (IN $ MILLION)

FIGURE 24: SOUTH KOREA CONTACT LENSES MARKET, BY COSMETIC – CIRCLE, 2023-2028 (IN $ MILLION)

FIGURE 25: SOUTH KOREA CONTACT LENSES MARKET, BY COSMETIC – NON-CIRCLE, 2023-2028 (IN $ MILLION)

FIGURE 26: SOUTH KOREA CONTACT LENSES MARKET, BY DISTRIBUTION CHANNEL, 2022 & 2028 (IN %)

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