Asian market "set to stimulate contact lens industry"

Asian market "set to stimulate contact lens industry"

By Alexa Kaczka

The global contact lens industry will be boosted by the rising number of manufacturing plants being created in Asia, according to one sector expert.

Dr Hidenari Tanaka, chief executive of Japanese company Menicon, said countries such as Singapore are a strong base for operations due to their economic stability and the low cost of production and he expects to see more facilities based there in the future.

He was speaking after the opening of Menicon's latest research and development facility at the International Business Park in Singapore, and highlighted the area's suitability as a production hub.

"Singapore's economic and social stability, pro-business policies, competitive production costs, leading-edge medical technology, outstanding human resource capabilities and advanced industrial development were key factors behind our decision to set up this facility," Dr Tanaka added.

An agreement signed last year by Menicon and Optimed saw the latter firm become the exclusive distributor for the Japanese company's CAPTIV8 communication services and i-Vue content-driven digital signage software for North America. 

by Adrian Galbreth

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