Australia Contact Lens Inspection Market Size & Outlook
Australia contact lens inspection market, 2018-2030 (US$M)
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Australia contact lens inspection market highlights
- The Australia contact lens inspection market generated a revenue of USD 27.1 million in 2023 and is expected to reach USD 36.6 million by 2030.
- The Australia market is expected to grow at a CAGR of 4.4% 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 27.1 million |
| Market revenue in 2030 | USD 36.6 million |
| Growth rate | 4.4% (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, Australia accounted for 2.2% 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 Asia Pacific, China contact lens inspection market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 94.3 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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Australia 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 45.76% in 2023. Horizon Databook has segmented the Australia 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.
The contact lens inspection market in Australia is expected to witness significant growth over the forecast period. Growth in the country can be attributed to technological advancements as they enable more accurate & efficient examination of contact lenses for inefficiency and defects.
These innovations enhance the quality & safety of contact lenses and improve the overall efficiency of the inspection process. Furthermore, the intense competition among key players in Australia is fueling the adoption of contact lens inspection machines.
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Target buyers of Australia 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 Australia contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into Australia contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Australia contact lens inspection market size, by type, 2018-2030 (US$M)
Australia Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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