Canada Contact Lens Inspection Market Size & Outlook
Canada contact lens inspection market, 2018-2030 (US$M)
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Canada contact lens inspection market highlights
- The Canada contact lens inspection market generated a revenue of USD 128.5 million in 2023 and is expected to reach USD 176.7 million by 2030.
- The Canada market is expected to grow at a CAGR of 4.7% 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 128.5 million |
| Market revenue in 2030 | USD 176.7 million |
| Growth rate | 4.7% (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, Canada accounted for 10.3% 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 North America, U.S. contact lens inspection market is projected to lead the regional market in terms of revenue in 2030.
- U.S. is the fastest growing regional market in North America and is projected to reach USD 476.5 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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Canada 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 44.75% in 2023. Horizon Databook has segmented the Canada 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 presence of developed healthcare infrastructure, the increasing number of ophthalmic diseases & disorders, and new product launches are some of the major factors expected to drive market growth. In addition, the rising concern about eye health and the significance of correct contact lens usage is another factor expected to facilitate market growth.
This awareness is influenced by various factors, such as educational campaigns, technological advancements, and enhanced accessibility to information. For instance, educational practices taken over by healthcare practitioners, optometrists, and entities like the Canadian Association of Optometrists have been important in advancing eye health awareness.
These initiatives help people understand the necessity of routine eye examinations, appropriate contact lens maintenance, and the potential hazards of improper contact lens usage. Consequently, these factors are anticipated to drive up the adoption of contact lenses in the U.S., encouraging manufacturers to ensure compliance with governmental standards.
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Target buyers of Canada 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 Canada contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into Canada contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Canada contact lens inspection market size, by type, 2018-2030 (US$M)
Canada Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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