Future growth of contact lenses in South Korea will be driven by a number of factors, including the increasing prevalence of myopia, an ageing population, and a growing preference for contact lenses over prescription spectacles. South Korea is predicted to remain the fastest ageing population in the world over the forecast period, and this will contribute to further growth in overall eyewear, including contact lenses.
While sales of contact lenses in South Korea have steadily grown since 2021, following a drop during the first year of the pandemic in 2020, the category may face competition from other vision correction options, such as LASIK and LASEK as they become increasingly common and popular. These procedures offer a more permanent solution to vision problems than contact lenses.
In South Korea, the online distribution of contact lenses is illegal and can only be made through optical goods stores. The low sales share through this channel is driven by contact lenses from overseas markets such as Hong Kong.
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Understand the latest market trends and future growth opportunities for the Contact Lenses and Solutions industry in South Korea with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Contact Lenses and Solutions industry in South Korea, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Contact Lenses and Solutions
Contact lenses and Solutions is the aggregate of contact lenses and contact lens solution.
See All of Our DefinitionsThis report originates from Passport, our Contact Lenses and Solutions research and analysis database.
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