China Contact Lens Inspection Market Size & Outlook
China contact lens inspection market, 2018-2030 (US$M)
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China contact lens inspection market highlights
- The China contact lens inspection market generated a revenue of USD 56.0 million in 2023 and is expected to reach USD 94.3 million by 2030.
- The China market is expected to grow at a CAGR of 7.7% 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 56.0 million |
| Market revenue in 2030 | USD 94.3 million |
| Growth rate | 7.7% (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, China accounted for 4.5% 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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China 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 45.36% in 2023. Horizon Databook has segmented the China 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 China is anticipated to witness growth due to technological advancements and increased R&D efforts related to contact lenses. For instance, in May 2022, Chinese scientists developed a smart contact lens capable of administering medication to treat glaucoma, a serious eye condition.
Developed by researchers from Sun Yat - sen University, this wireless and battery free contact lens monitors eye pressure and releases antiglaucoma medication as needed. Such advancements are expected to drive the adoption of contact lens inspection machines required for quality purposes in the country.
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Target buyers of China 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 China contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into China contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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China contact lens inspection market size, by type, 2018-2030 (US$M)
China Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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