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Country Report

Contact Lenses in

Contact Lenses in the Philippines

21 pages, Jul 2016

US$990

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Executive Summary

New Report Guarantee

If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE!

TRENDS

In 2016, the fashion trends in the country are benefitting spectacles with consumers attracted to spectacle frames that have a hipster or old-school design. This has encouraged a lot of consumers to pick-up spectacle frames rather than contact lenses to help their vision, as they can then remain fashionable at the same time. This shift resulted in weak current value growth of 1% in 2016 for contact lenses, while spectacles is growing by 7%.

COMPETITIVE LANDSCAPE

Novartis AG continued to hold the largest value share in 2015 of 40%, with its sales reaching Ps982 million. The company leads both daily disposable and frequent replacement lenses due to its wide distribution and a well-established brand image. The company is successful in providing innovative products for Filipino consumers that can be found in a lot of retailers across the country and at affordable prices, unlike other brands in the market.

PROSPECTS

The slowdown in the use of conventional lenses and the stagnation of frequent replacement lenses is expected to continue restricting the performance of contact lenses over the forecast period. Contact lenses is expected to increase at a constant 2016 value CAGR of just 1% over the forecast period. This is partly because consumers are showing a preference for spectacles, with these eyewear products more fashionable due to current fashion trends, which are expected to remain for the next few years.

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Contact Lenses Market Sample Report Contact Lenses Market Sample Data

Overview

Why buy this report?

Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.

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Overview

Discover the latest market trends and uncover sources of future market growth for the Contact Lenses industry in Philippines 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 Philippines, our research will save you time and money while empowering you to make informed, profitable decisions.

The Contact Lenses in Philippines 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 Philippines?
Is style playing an increasingly important role over health in purchasing decisions?

Why buy this report?

Gain competitive intelligence about market leaders
Track key industry trends, opportunities and threats
Inform your marketing, brand, strategy and market development, sales and supply functions

This industry report originates from Passport, our contact lenses market research database.

Megatrends

Country Report

Contact Lenses in the Philippines

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Executive Summary

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TRENDS

COMPETITIVE LANDSCAPE

PROSPECTS

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Overview

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