News / Taiwan / economic_daily
Contact Lens Makers Eye Record Q4 Revenue on Strong Japanese Demand
Health Technology · Medical Specialties · economic_daily · 2026-10-15
6491
Major contact lens manufacturers Pegavision, Mitotech, and St. Shine Optical are poised for record-breaking Q4 revenue driven by robust Japanese demand and capacity expansion.
What Happened
Industry Growth Drivers: The contact lens sector is experiencing a strong fourth quarter, fueled by robust demand from the Japanese market and increased shipments of high-end lenses. Pegavision, Mitotech, and St. Shine Optical are all positioned to potentially set new quarterly revenue records by year-end, provided shipping schedules remain on track.
Pegavision Expansion: Pegavision is seeing high capacity utilization driven by growing demand in Japan and Europe for silicone hydrogel and multifocal products. The company plans to increase monthly capacity at its Daxi plant to 20 million units by year-end, with a new Vietnam facility expected to contribute to revenue starting in the second half of 2027.
Mitotech New Product Launch: Mitotech is benefiting from deferred September shipments and the launch of several new silicone hydrogel products in Japan this November. With order visibility extending into the first quarter of next year, the company is aggressively expanding its cross-strait production capacity to 84 million units per month.
St. Shine Capacity Boost: St. Shine Optical continues to see demand for its silicone hydrogel color lenses outpace current capacity across Japan, the U.S., and China. The company is adding 8 million units of monthly capacity in Q4 to reach a total of 63 million, with analysts projecting a potential year-over-year revenue growth exceeding 40% for the quarter.