Vietnam Eye Care Market, By Product Type, By Coating, By Lens Material, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2027

Vietnam eye care market is projected to grow at a formidable rate during the forecast period, 2023-2027. The market growth can be attributed to the rising incidences of eye infections and diseases, creating a high demand for eye consultations. Besides, rising cases of diabetes among the geriatric population is also supporting the growth of the Vietnam eye care market. Most of the eye care products demand in Vietnam is met through imports and international companies entering the country's healthcare industry.

Despite the government's active investment in the industry, a lack of funding prevents the creation of technologically advanced medical care items. Hence, the overseas businesses and their cutting-edge goods are significant to the Vietnam eye care industry. Besides providing their products on the market, these multinational corporations have made sure to raise awareness and train technicians and ophthalmologists to ensure better sales of eye care items. Products including contact lenses, eye drops, and other pharmaceutical and therapeutic goods have seen strong sales growth in recent years. With higher usage of electronic devices among the younger and adult population, which affects their eyesight, sales are expected to rise significantly, which could add to the market growth.

The Vietnam eye care market is segmented by product type, coating, lens material, distribution channel, competitional landscape, and regional distribution. Based on product type, the market is further segmented into eyeglasses, contact lens, intraocular lens, eye drops, eye vitamins, and others. The eyeglasses segment is expected to hold the largest share in the market during the forecast period, owing to the increasing instances of weaker eyesight among the population.

Major players operating in the Vietnam eye care market are CooperVision Vietnam, Seed Co. Vietnam Ltd., Acuvue Vietnam, Bausch & Lomb Vietnam, AVEO Vietnam, Nice Eyes Service Trading Co., Ltd, Hoya Lens Vietnam Ltd., Essilor Vietnam, among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022

Forecast Period: 2023-2027

Objective of the Study:

• To analyze the historical growth in the market size of the Vietnam eye care market from 2017 to 2021.
• To estimate and forecast the market size of Vietnam eye care market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast the Vietnam eye care market based on product type, coating, lens material, distribution channel, region, and company.
• To identify the dominant region or segment in the Vietnam eye care market.
• To identify drivers and challenges for the Vietnam eye care market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in the Vietnam eye care market.
• To identify and analyze the profiles of leading players operating in the Vietnam eye care market.
• To identify key sustainable strategies adopted by market players in Vietnam eye care market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of companies across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the companies that could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufacturers, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of the Vietnam eye care market using a bottom up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these products and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Market research and consulting firms
• Government bodies such as regulating authorities and policy makers
• Organizations, forums, and alliances

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as product manufacturers, suppliers and partners, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Vietnam eye care market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Vietnam Eye Care Market, By Product Type:

Eyeglasses

Contact Lens

Intraocular Lens

Eye Drops

Eye Vitamins

Others

• Vietnam Eye Care Market, By Coating:

Anti-Glare

UV

Others

• Vietnam Eye Care Market, By Lens Material:

Normal Glass

Polycarbonate

Trivex

Others

• Vietnam Eye Care Market, By Distribution Channel:

Retail Stores

E-Commerce

Clinics

Hospitals

• Vietnam Eye Care Market, By Region:

Northern Region

Central Region

Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Vietnam eye care market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:

Company Information

• Detailed analysis and profiling of additional market players (up to five).