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The market for contact lenses and solutions across the Philippines will continue to see healthy growth in constant value (2024 prices) over the forecast period, thanks to the emergence of a growing number of optical goods stores in newly developed areas, outside Metro Manila. Pharmacies such as Watsons also opening more branches, not only in malls but also in local neighbourhoods.
While optical goods stores will continue to dominate the distribution of contact lenses and solutions in the Philippines over the forecast period, online activity is set to play a growing role. While many contact lens wearers are more comfortable visiting a specialist to obtain advice and to be fitted correctly, younger consumers are confident in using these products, and are therefore are more likely to search online for better deals on their preferred products and brands.
As the market expands, major eyewear companies such as Sunnies by Charlie, and Owndays, which had previously focused predominantly on spectacles and sunglasses, are broadening their product offerings to include contact lenses and solutions. Smaller players are also entering the competitive landscape, which is leading to a much greater degree of choice for consumers.
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Understand the latest market trends and future growth opportunities for the Contact Lenses and Solutions industry in Philippines 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 Philippines, 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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