| Product Code: ETC074028 | Publication Date: Jul 2023 | Updated Date: Nov 2025 | Product Type: Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 |
The contact lenses import market in the Philippines experienced a shift in concentration towards top exporting countries, with South Korea, Malaysia, Singapore, Indonesia, and Japan leading the way in 2024. The high Herfindahl-Hirschman Index (HHI) in 2023 further intensified in 2024, indicating a very high concentration among these suppliers. Despite a notable Compound Annual Growth Rate (CAGR) of 38.76% from 2020 to 2024, the market saw a slight decline with a growth rate of -9.38% from 2023 to 2024. This data highlights the dynamic nature of the contact lenses import industry in the Philippines.

Philippines's Contact Lenses market is anticipated to experience a exponential growth rate of 15.14% by 2027, reflecting trends observed in the largest economy China, followed by India, Japan, Australia and South Korea.

The Philippines contact lenses market is expected to witness significant growth over the forecast period due to increasing awareness about healthy vision, rising disposable incomes, and technological advancements in contact lens manufacturing. The market is primarily driven by factors such as rising demand from geriatric population, expanding healthcare infrastructure for optometry services, growing number of people suffering from astigmatism and other eye-related diseases, and increasing promotional activities conducted by key players
Increasing demand for corrective lenses has been identified as one of the major drivers behind accelerating sales within this industry segment. Furthermore, growing prevalence rate of refractive errors have led to wider adoption rates among end-users coupled with government initiatives encouraging preventive ophthalmology measures such as regular checkups & prescription eyeglasses/contact lens usage amongst citizens will drive further opportunities within this domain during foreseeable future timeframe
In spite of numerous advantages that accrue with usage of contact lenses some issues remain associated with it such as potential risk related to ulceration or corneal infection if not used properly alongwith cleaning & maintenance guidelines issued by manufacturers; however these concerns could be mitigated through rigorous instructions provided before use or sale ensuring safe operations going forward
Some prominent players currently operational in Philippines Contact Lenses Market include Bausch + Lomb Incorporated , Johnson & Johnson Vision Care Inc., CooperVision Inc., Alcon Laboratories , HOYA Corporation , Carl Zeiss AG etc .Apart from established vendors several local companies have emerged recently providing cost effective solutions catering towards budget conscious consumers resulting into stiff competition leading to higher penetration levels across tier II cities & rural regions respectively
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Philippines Contact Lenses Market Overview |
3.1 Philippines Country Macro Economic Indicators |
3.2 Philippines Contact Lenses Market Revenues & Volume, 2021 & 2031F |
3.3 Philippines Contact Lenses Market - Industry Life Cycle |
3.4 Philippines Contact Lenses Market - Porter's Five Forces |
3.5 Philippines Contact Lenses Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Philippines Contact Lenses Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.7 Philippines Contact Lenses Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Philippines Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Philippines Contact Lenses Market Revenues & Volume Share, By Usage, 2021 & 2031F |
4 Philippines Contact Lenses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Philippines Contact Lenses Market Trends |
6 Philippines Contact Lenses Market, By Types |
6.1 Philippines Contact Lenses Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Philippines Contact Lenses Market Revenues & Volume, By Material, 2021-2031F |
6.1.3 Philippines Contact Lenses Market Revenues & Volume, By Gas Permeable, 2021-2031F |
6.1.4 Philippines Contact Lenses Market Revenues & Volume, By Silicone Hydrogel, 2021-2031F |
6.1.5 Philippines Contact Lenses Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Philippines Contact Lenses Market, By Design |
6.2.1 Overview and Analysis |
6.2.2 Philippines Contact Lenses Market Revenues & Volume, By Spherical, 2021-2031F |
6.2.3 Philippines Contact Lenses Market Revenues & Volume, By Toric, 2021-2031F |
6.2.4 Philippines Contact Lenses Market Revenues & Volume, By Multifocal, 2021-2031F |
6.2.5 Philippines Contact Lenses Market Revenues & Volume, By Others, 2021-2031F |
6.3 Philippines Contact Lenses Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Philippines Contact Lenses Market Revenues & Volume, By Corrective, 2021-2031F |
6.3.3 Philippines Contact Lenses Market Revenues & Volume, By Therapeutic, 2021-2031F |
6.3.4 Philippines Contact Lenses Market Revenues & Volume, By Cosmetic, 2021-2031F |
6.3.5 Philippines Contact Lenses Market Revenues & Volume, By Prosthetic, 2021-2031F |
6.3.6 Philippines Contact Lenses Market Revenues & Volume, By Lifestyle-oriented, 2021-2031F |
6.4 Philippines Contact Lenses Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Philippines Contact Lenses Market Revenues & Volume, By E-commerce, 2021-2031F |
6.4.3 Philippines Contact Lenses Market Revenues & Volume, By Eye Care Practitioners, 2021-2031F |
6.4.4 Philippines Contact Lenses Market Revenues & Volume, By Retail, 2021-2031F |
6.5 Philippines Contact Lenses Market, By Usage |
6.5.1 Overview and Analysis |
6.5.2 Philippines Contact Lenses Market Revenues & Volume, By Daily Disposable, 2021-2031F |
6.5.3 Philippines Contact Lenses Market Revenues & Volume, By Disposable, 2021-2031F |
6.5.4 Philippines Contact Lenses Market Revenues & Volume, By Frequently Replacement, 2021-2031F |
6.5.5 Philippines Contact Lenses Market Revenues & Volume, By Traditional, 2021-2031F |
7 Philippines Contact Lenses Market Import-Export Trade Statistics |
7.1 Philippines Contact Lenses Market Export to Major Countries |
7.2 Philippines Contact Lenses Market Imports from Major Countries |
8 Philippines Contact Lenses Market Key Performance Indicators |
9 Philippines Contact Lenses Market - Opportunity Assessment |
9.1 Philippines Contact Lenses Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Philippines Contact Lenses Market Opportunity Assessment, By Design, 2021 & 2031F |
9.3 Philippines Contact Lenses Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Philippines Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Philippines Contact Lenses Market Opportunity Assessment, By Usage, 2021 & 2031F |
10 Philippines Contact Lenses Market - Competitive Landscape |
10.1 Philippines Contact Lenses Market Revenue Share, By Companies, 2024 |
10.2 Philippines Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |