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Taiwan's Tech industry Snatching at Contact Lens Market
By Korbin Lan
Published: Mar 26,2014
BenQ material launched the world's first slicone hydrogel color daily soft contact lens.
TAIPEI , Taiwan - Taiwan 's technology company are competing for the contact lens product, including St.Shine Optical, Ginko International, Largan, Pegatron and BenQ material are all racing for this high margin market.
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According to the analysis, the Asia Pacific contact lens market value of about US$21 billion, include China, Taiwan and Southern Asia, Taiwan shared US$5 billion of total scale, but it is mostly foreign company, such as J & J, Ciba Vision, Cooper Vision and Bausch & Lomb, the St.Shine Optical is about 30% of Taiwan.
Contacts lens in Taiwan belong to the second category of medical materials, be sold after the audit is issued by Health and Welfare Department, and the gross profit margin is usually around 50%, thus attracting low- gross profit electronics industry
moved into this market.
Therefore, optical company in Taiwan to enter the contact lens market in recent years, including Largan trans-investment Largan medical, Pegatron trans-investment pegavision, AUO has BenQ materials, have launched the brand and set up sales channel, in addition, Ginko International also inroads into the Taiwan market in the past two years.
However, the largest market of contact lens is in China, the industry pointed out that the permeability of contact lenses only 5% of the China, is the most potential region in the Asia-Pacific, there is great room for growth.
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