Argentina Contact Lens Inspection Market Size & Outlook
Argentina contact lens inspection market, 2018-2030 (US$M)
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Argentina contact lens inspection market highlights
- The Argentina contact lens inspection market generated a revenue of USD 14.3 million in 2023 and is expected to reach USD 19.9 million by 2030.
- The Argentina market is expected to grow at a CAGR of 4.9% from 2024 to 2030.
- In terms of segment, manual contact lens inspection tool was the largest revenue generating type in 2023.
- Manual Contact Lens Inspection Tool is the most lucrative type segment registering the fastest growth during the forecast period.
Contact lens inspection market data book summary
| Market revenue in 2023 | USD 14.3 million |
| Market revenue in 2030 | USD 19.9 million |
| Growth rate | 4.9% (CAGR from 2023 to 2030) |
| Largest segment | Manual contact lens inspection tool |
| Fastest growing segment | Manual Contact Lens Inspection Tool |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual Contact Lens Inspection Tool, Semiautomatic Contact Lens Inspection Systems, Fully Automatic Contact Lens Inspection Systems |
| Key market players worldwide | Neitz Instruments, AMETEK Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 1.1% of the global contact lens inspection market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil contact lens inspection market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 49.3 million by 2030.
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Contact Lens Inspection Market Scope
Contact Lens Inspection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina contact lens inspection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contact lens inspection market will help companies and investors design strategic landscapes.
Manual contact lens inspection tool was the largest segment with a revenue share of 42.66% in 2023. Horizon Databook has segmented the Argentina contact lens inspection market based on manual contact lens inspection tool, semiautomatic contact lens inspection systems, fully automatic contact lens inspection systems covering the revenue growth of each sub-segment from 2018 to 2030.
Healthcare expenditure in Argentina accounts for approximately 9.0% to 10.0% of the total GDP, with about 70.0% to 75.0% of medical goods being imported. Within the medical equipment & device sector, imports account for an estimated 70% to 75% of the overall market, leaving the rest to local manufacturing.
The U.S. generally holds a 20% to 25% market share, especially in advanced technology products. Moreover, Argentina is a crucial market for U.S. exports to Latin America and ranks among the top three trade partners historically, attracting significant foreign direct investment.
The rising prevalence of vision problems, increasing disposable incomes, and rising shift toward contact lenses are among the major factors contributing to the market growth. Argentina's growing urban population and adoption of digital lifestyle (increased screen time) have led to a rise in the number of vision problems, thereby creating the need for contact lens inspection systems.
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Target buyers of Argentina contact lens inspection market databook
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Our clientele includes a mix of contact lens inspection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Argentina contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into Argentina contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina contact lens inspection market size, by type, 2018-2030 (US$M)
Argentina Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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