Eyewear in Hong Kong continues to enjoy growing momentum post-pandemic, driven by greater mobility and the return to various activities, including travel. After the adverse impact of the pandemic, eyewear’s value and volume sales in Hong Kong had fully recovered to 2019 levels in the first quarter of 2024.
A further increase in the rate of myopia in Hong Kong is creating new growth opportunities in local eyewear. Leading spectacle players are actively developing products to control myopia.
Leading players in contact lenses, including Johnson & Johnson Inc, Bausch & Lomb Inc, and CooperVision Hong Kong Ltd, all recorded significant value sales growth in 2023. The rising myopia population, as well as the increasing needs of social occasions, continue to boost the demand for contact lenses.
The distribution of eyewear in Hong Kong retains a strong reliance on optical goods stores. Despite the advancements in technology and the rise of e-commerce, consumers in Hong Kong still value the opportunity to physically try on eyewear before committing to a purchase.
Growth of eyewear in Hong Kong is predicted to further slow over the forecast period. One significant driver of demand for eyewear is the increasing prevalence of myopia and presbyopia in Hong Kong.
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Eyewear
Eyewear is the aggregate of contact lenses, spectacles and sunglasses.
See All of Our DefinitionsThis report originates from Passport, our Eyewear research and analysis database.
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