Vietnam Contact Lenses Market Report Size Share Growth Drivers Trends Opportunities And Forecast 2025–2030

Vietnam Contact Lenses Market Overview

• The Vietnam Contact Lenses Market is valued at USD 55 million, based on a five-year historical analysis. This growth is primarily driven by increasing awareness of eye health, a rise in myopia cases, rising prevalence of refractive errors such as myopia and astigmatism particularly among youth, technological advancements in lens design including silicone hydrogel lenses, and a growing preference for contact lenses over traditional eyewear. The market has seen a significant uptick in demand due to the expanding population and urbanization, which has led to a higher prevalence of vision-related issues.
• Key cities such as Ho Chi Minh City and Hanoi dominate the market due to their large populations and urban infrastructure. These cities have a higher concentration of eye care professionals and optical retail outlets, making them focal points for the distribution of contact lenses. Additionally, the increasing disposable income in these urban areas has led to a greater acceptance of contact lenses as a preferred vision correction method.
• The Circular No. 43/2014/TT-BYT, 2014 issued by the Ministry of Health governs medical devices including contact lenses, requiring registration for circulation, compliance with quality standards such as ISO 18369 for ophthalmic optics, and post-market surveillance including inspections of importers and distributors. Manufacturers and importers must ensure products meet safety thresholds for oxygen permeability and biocompatibility, with licensing mandatory for all contact lenses prior to market entry.

Vietnam Contact Lenses Market Segmentation

By Type:The contact lenses market can be segmented into various types, including Soft Contact Lenses, Rigid Gas Permeable Lenses, Scleral Lenses, Orthokeratology Lenses, Cosmetic Lenses, and Others. Among these, Soft Contact Lenses dominate the market due to their comfort and ease of use, making them the preferred choice for consumers. The increasing trend of cosmetic lenses for aesthetic purposes is also contributing to the growth of this segment.

By End-User:The end-user segmentation includes Retail Consumers, Eye Care Professionals, Hospitals and Clinics, Optical Stores, and Others. Retail Consumers represent the largest segment, driven by the increasing number of individuals seeking vision correction solutions. Eye care professionals and optical stores also play a significant role in the market, providing essential services and products to consumers.

Vietnam Contact Lenses Market Competitive Landscape

The Vietnam Contact Lenses Market is characterized by a dynamic mix of regional and international players. Leading participants such as Johnson & Johnson Vision Care, Bausch + Lomb, Alcon, CooperVision, Hoya Corporation, Menicon Co., Ltd., EssilorLuxottica, CIBA Vision, Vision Direct, Eyeconic, Acuvue, FreshLook, Air Optix, Biofinity, SofLens contribute to innovation, geographic expansion, and service delivery in this space.

Vietnam Contact Lenses Market Industry Analysis

Growth Drivers

• Increasing Prevalence of Vision Disorders:The World Health Organization reported that approximately 25 million people in Vietnam suffer from vision disorders, with myopia affecting 35% of the population. This rising prevalence drives demand for contact lenses as a corrective solution. Additionally, the Vietnamese government has initiated programs to address eye health, which is expected to increase awareness and accessibility to vision correction products, further boosting market growth.
• Rising Awareness About Eye Health:A survey conducted by the Vietnam National Institute of Ophthalmology indicated that 65% of urban residents are increasingly aware of the importance of eye health. This awareness is leading to a greater acceptance of contact lenses as a viable alternative to glasses. Educational campaigns and health initiatives are expected to enhance consumer knowledge, resulting in a projected increase in contact lens usage by 20% annually through future.
• Growth in the Cosmetic Contact Lenses Segment:The cosmetic contact lenses market in Vietnam is experiencing significant growth, with sales reaching approximately 1.8 million units. This segment is driven by a cultural shift towards beauty enhancement and fashion. The increasing popularity of colored lenses among younger demographics is expected to contribute to a projected annual growth rate of 25% in this segment, reflecting changing consumer preferences.

Market Challenges

• High Competition from Alternative Vision Correction Methods:The contact lenses market faces stiff competition from alternative vision correction methods, such as laser eye surgery and traditional eyeglasses. Approximately 1.5 million laser eye surgeries were performed in Vietnam, highlighting a growing preference for permanent solutions. This trend poses a challenge for contact lens manufacturers, as consumers may opt for these alternatives, impacting market share.
• Regulatory Hurdles in Product Approvals:The Vietnamese contact lens market is subject to stringent regulatory requirements, which can delay product launches. The Ministry of Health has implemented rigorous testing and approval processes, resulting in an average approval time of 10 months for new products. This regulatory environment can hinder innovation and limit the introduction of new technologies, affecting the overall competitiveness of the market.

Vietnam Contact Lenses Market Future Outlook

The Vietnam contact lenses market is poised for significant growth, driven by increasing consumer awareness and technological advancements. The shift towards daily disposable lenses and the rising popularity of colored lenses are expected to shape market dynamics. Additionally, the integration of smart technology in lenses will likely attract tech-savvy consumers. As e-commerce platforms expand, accessibility to contact lenses will improve, further enhancing market penetration and consumer engagement in future.

Market Opportunities

• Expansion of E-commerce Platforms for Lens Sales:The growth of e-commerce in Vietnam presents a significant opportunity for contact lens sales. With over 60 million internet users, online sales channels can enhance product accessibility. E-commerce platforms can facilitate direct-to-consumer sales, potentially increasing market reach and driving sales growth by an estimated 35% by future.
• Increasing Demand for Specialty Lenses:There is a growing demand for specialty lenses, including toric and multifocal lenses, driven by an aging population. Sales of specialty lenses accounted for 30% of the total contact lens market. This trend is expected to continue, with an anticipated increase in specialty lens sales by 20% annually, reflecting the need for tailored vision correction solutions.