The rise of Asian contact lenses. Taiwanese enterprise is the dark horse of the industry.

According to the "market research report". The global contact lenses market size was valued at USD 11.9 billion in 2018 and is anticipated to witness a CAGR of 5.6% from 2019 to 2025. 

In the global contact lenses market, the US market holds a 43% market share and Europe holds a 27% market share, Asia holds a 30% market share. 

Affected by the U.S.-China trade war, some contact lenses manufacturers continue to come back to Taiwan to invest. It is expected to reach a new high in the future.

According to the latest statistical information released by the department of MOEA(Ministry of Economic Affairs, R.O.C.). The growth of the contact lens industry in output increased from USD$ 80 million in 2008 to USD 900 million in 2018.

After the 2008 financial crisis, the contact lens industry has been annually recording strong double-digit growth. The key lies in the manufactures develop new products with fashion and comfort.

The MOEA said the surge was the result of Taiwanese contact lens makers launching new products, such as lenses that are more breathable because they allow higher levels of oxygen transmission.

Taiwanese manufacturers have also introduced cosmetic lenses with a wide range of colors, making them more appealing to the young generation in the market, while some brands have unveiled products catering especially to seniors, the MOEA said.

Through the growth of the  Asian contact lens market and western brand transfer order to Taiwanese manufacturers. Taiwanese manufacturers are the dark horse of the industry and hold a place among the global contact lenses market.

Taiwan Optical Zone: https://optical.taiwantrade.com/