Product Code: ETC074029 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The Vietnam Contact Lenses Market is projected to witness mixed growth rate patterns during 2025 to 2029. Starting at 11.40% in 2025, the market peaks at 13.06% in 2027, and settles at 11.38% by 2029.
In the Asia region, the Contact Lenses market in Vietnam is projected to expand at a high growth rate of 13.06% by 2027. The largest economy is China, followed by India, Japan, Australia and South Korea.
The contact lenses market in Vietnam has experienced significant growth in recent years, driven by the country`s increasing awareness of vision correction and the growing preference for contact lenses over traditional eyeglasses. Contact lenses, thin lenses placed directly on the surface of the eye, offer convenience, improved aesthetics, and a wider field of view compared to spectacles. The market has witnessed a surge in demand as consumers seek solutions for refractive errors, astigmatism, and cosmetic enhancements. Additionally, the rising influence of fashion trends and lifestyle choices has also contributed to the popularity of contact lenses in Vietnam. As the healthcare sector expands and consumer preferences evolve, the contact lenses market is poised for continued growth.
Several factors act as drivers for the growth of the contact lenses market in Vietnam. Firstly, an increasing number of individuals opting for vision correction without undergoing surgical procedures, such as LASIK, has led to higher adoption of contact lenses. Contact lenses offer a non-invasive and reversible method for vision correction, appealing to those looking for flexibility in their eyewear choices. Secondly, the rise in myopia and other vision-related issues among the population has driven the demand for corrective lenses. The prevalence of digital devices and prolonged screen time has further contributed to the need for vision correction, boosting the contact lens market. Additionally, advancements in contact lens technology, such as silicone hydrogel materials and extended wear options, have improved comfort and safety, attracting more consumers to switch from traditional eyeglasses to contact lenses.
Despite the positive growth trends, the Vietnam contact lenses market also faces certain challenges. One of the significant challenges is the lack of awareness and proper understanding of contact lens care and hygiene. Proper maintenance of contact lenses is crucial to avoid eye infections and complications. Educating consumers on the importance of hygiene practices and regular eye check-ups remains essential to ensure the safe and responsible use of contact lenses. Additionally, the market faces competition from other vision correction options, such as eyeglasses and surgical procedures, which may offer alternative solutions for individuals seeking vision correction.
The Covid-19 pandemic had a notable impact on the contact lenses market in Vietnam. During the early phases of the pandemic, disruptions in supply chains and logistics affected the availability of certain contact lens products. Moreover, uncertainties and economic challenges led to changes in consumer spending behavior, with some individuals prioritizing essential items over non-essential purchases, such as contact lenses. However, as people adjusted to remote work and online learning, the use of digital devices increased, leading to a greater demand for vision correction options, including contact lenses. Online sales of contact lenses also experienced growth during the pandemic, as consumers sought the convenience of home delivery.In conclusion, the Vietnam contact lenses market has seen significant growth, driven by changing lifestyle preferences, increasing vision-related issues, and advancements in contact lens technology. Key drivers include the appeal of non-invasive vision correction and the acceptance of contact lenses as a fashion accessory. Challenges related to awareness of hygiene practices and competition from alternative vision correction options require continuous education and innovation. The market is served by both global and local players, with a focus on product quality and safety. The Covid-19 pandemic brought both challenges and opportunities, with disruptions in supply chains but increased demand for vision correction options due to prolonged digital device usage.
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 Vietnam Contact Lenses Market Overview |
3.1 Vietnam Country Macro Economic Indicators |
3.2 Vietnam Contact Lenses Market Revenues & Volume, 2021 & 2031F |
3.3 Vietnam Contact Lenses Market - Industry Life Cycle |
3.4 Vietnam Contact Lenses Market - Porter's Five Forces |
3.5 Vietnam Contact Lenses Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.6 Vietnam Contact Lenses Market Revenues & Volume Share, By Design, 2021 & 2031F |
3.7 Vietnam Contact Lenses Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Vietnam Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
3.9 Vietnam Contact Lenses Market Revenues & Volume Share, By Usage, 2021 & 2031F |
4 Vietnam Contact Lenses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Vietnam Contact Lenses Market Trends |
6 Vietnam Contact Lenses Market, By Types |
6.1 Vietnam Contact Lenses Market, By Material |
6.1.1 Overview and Analysis |
6.1.2 Vietnam Contact Lenses Market Revenues & Volume, By Material, 2018 - 2031F |
6.1.3 Vietnam Contact Lenses Market Revenues & Volume, By Gas Permeable, 2018 - 2031F |
6.1.4 Vietnam Contact Lenses Market Revenues & Volume, By Silicone Hydrogel, 2018 - 2031F |
6.1.5 Vietnam Contact Lenses Market Revenues & Volume, By Hybrid, 2018 - 2031F |
6.2 Vietnam Contact Lenses Market, By Design |
6.2.1 Overview and Analysis |
6.2.2 Vietnam Contact Lenses Market Revenues & Volume, By Spherical, 2018 - 2031F |
6.2.3 Vietnam Contact Lenses Market Revenues & Volume, By Toric, 2018 - 2031F |
6.2.4 Vietnam Contact Lenses Market Revenues & Volume, By Multifocal, 2018 - 2031F |
6.2.5 Vietnam Contact Lenses Market Revenues & Volume, By Others, 2018 - 2031F |
6.3 Vietnam Contact Lenses Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Vietnam Contact Lenses Market Revenues & Volume, By Corrective, 2018 - 2031F |
6.3.3 Vietnam Contact Lenses Market Revenues & Volume, By Therapeutic, 2018 - 2031F |
6.3.4 Vietnam Contact Lenses Market Revenues & Volume, By Cosmetic, 2018 - 2031F |
6.3.5 Vietnam Contact Lenses Market Revenues & Volume, By Prosthetic, 2018 - 2031F |
6.3.6 Vietnam Contact Lenses Market Revenues & Volume, By Lifestyle-oriented, 2018 - 2031F |
6.4 Vietnam Contact Lenses Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Vietnam Contact Lenses Market Revenues & Volume, By E-commerce, 2018 - 2031F |
6.4.3 Vietnam Contact Lenses Market Revenues & Volume, By Eye Care Practitioners, 2018 - 2031F |
6.4.4 Vietnam Contact Lenses Market Revenues & Volume, By Retail, 2018 - 2031F |
6.5 Vietnam Contact Lenses Market, By Usage |
6.5.1 Overview and Analysis |
6.5.2 Vietnam Contact Lenses Market Revenues & Volume, By Daily Disposable, 2018 - 2031F |
6.5.3 Vietnam Contact Lenses Market Revenues & Volume, By Disposable, 2018 - 2031F |
6.5.4 Vietnam Contact Lenses Market Revenues & Volume, By Frequently Replacement, 2018 - 2031F |
6.5.5 Vietnam Contact Lenses Market Revenues & Volume, By Traditional, 2018 - 2031F |
7 Vietnam Contact Lenses Market Import-Export Trade Statistics |
7.1 Vietnam Contact Lenses Market Export to Major Countries |
7.2 Vietnam Contact Lenses Market Imports from Major Countries |
8 Vietnam Contact Lenses Market Key Performance Indicators |
9 Vietnam Contact Lenses Market - Opportunity Assessment |
9.1 Vietnam Contact Lenses Market Opportunity Assessment, By Material, 2021 & 2031F |
9.2 Vietnam Contact Lenses Market Opportunity Assessment, By Design, 2021 & 2031F |
9.3 Vietnam Contact Lenses Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Vietnam Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
9.5 Vietnam Contact Lenses Market Opportunity Assessment, By Usage, 2021 & 2031F |
10 Vietnam Contact Lenses Market - Competitive Landscape |
10.1 Vietnam Contact Lenses Market Revenue Share, By Companies, 2024 |
10.2 Vietnam Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |