MARKET OUTLOOK
Triton Market Research speculates the Japan contact lenses market to witness a 1.44% of CAGR during the forecast years of 2019-2025.
While population aging is no longer a negative factor for the sales of contact lenses (thanks to the broader range of products on offer in the category), ongoing demographic changes will increasingly require manufacturers to develop wide ranges of products to attract consumers with a variety of needs. Demand for multifocal lenses is likely to increase, for instance, due to the increasing numbers of people among the Japanese population with presbyopia. Contact lens retailers are likely to be required to provide more services to help senior consumers choose the right products and use them in a correct and safe way.
COMPETITIVE OUTLOOK
The prominent companies in the Japan contact lenses market are Bausch & Lomb, Inc., Alcon Japan Ltd., CooperVision, Inc., Menicon Co., Ltd. and Johnson & Johnson K.K.