MARKET OUTLOOK
The China contact lenses market is expected to proliferate at a CAGR of 3.92% during the forecasting period between 2019 and 2025.
There is an increasing number of consumers who pursue healthy lifestyles, which is contributing to the increase in the use of disposable contact lenses, especially in tier one and tier two cities of China. Furthermore, in order to motivate consumers to change from frequent placement lenses and conventional lenses to daily disposable lenses, brands have been increasing their promotional activities. However, with the development of internet retailing, increased consumer-awareness and communication by online eyewear retailers that assures people of the safety of contact lenses and solutions sold online, the value share of contact lenses sold through optical shops is threatened by the rise of online eyewear retailers. The proportion of contact lenses and solutions sold through internet retailing continues to rise year-on-year.
COMPETITIVE OUTLOOK
Some of the companies having their presence in the China contact lenses market are Shanghai Weicon Co., Ltd., Ciba Vision Corp., Johnson & Johnson, Inc. Shanghai Hydron Contact Lens Optics Co., Ltd. and Bausch & Lomb, Inc.