"Contact Lenses in South Korea" Published

Contact lenses indicated positive growth in every area except traditional lenses in 2014. Traditional lenses were previously popular before daily disposable lenses and weekly/monthly disposable lenses became trends. However, as more consumers feel disposable lenses are hygienic as well as more convenient and easy to manage, traditional lenses’ popularity has waned.

Competitive Landscape

Global players continued to show a strong performance in eyewear in South Korea. In contact lenses, the three leading players are international companies which account for 66% of retail value sales in 2013. The global players constantly increased their market shares to 66% in 2013 from 59% in 2009. The oligopoly market structure made the average unit price of contact lenses in South Korea much higher than in other countries as they have more bargaining power over the local players.

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Industry Prospects

Contact lenses is expected to see positive growth in constant value terms in the forecast period. Daily disposable lenses will show the fastest growth with a 6% value CAGR at constant 2014 prices, supporting the constant lenses category. However, all other categories, including weekly/monthly disposable lenses, traditional lenses and extended wear lenses, are expected to show stagnant growth or decline as these have reached maturity.

Report Overview

Discover the latest market trends and uncover sources of future market growth for the Contact Lenses industry in South Korea with research from Euromonitor's team of in-country analysts.

Find hidden opportunities in the most current research data available, understand competitive threats with our detailed market analysis, and plan your corporate strategy with our expert qualitative analysis and growth projections.

If you're in the Contact Lenses industry in South Korea, our research will save you time and money while empowering you to make informed, profitable decisions.

The Contact Lenses in South Korea market research report includes:

* Analysis of key supply-side and demand trends
* Detailed segmentation of international and local products
* Historic volumes and values, company and brand market shares
* Five year forecasts of market trends and market growth
* Robust and transparent market research methodology, conducted in-country

Our market research reports answer questions such as:

* In which markets are daily disposables more popular than monthly and extended wear?
* Is coloured, toric, spherical or multifocal the dominant type of contact lens in South Korea?
* Is style playing an increasingly important role over health in purchasing decisions?

Reasons to Get this Report

* Gain competitive intelligence about market leaders
* Track key industry trends, opportunities and threats

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- Eyewear in South Korea
- Contact Lenses in Singapore
- Contact Lenses in Indonesia
- Contact Lenses in Russia
- Contact Lenses in Thailand