Europe Contact Lens Inspection Market Size & Outlook
Europe contact lens inspection market, 2018-2030 (US$M)
Related Markets
Europe contact lens inspection market highlights
- The Europe contact lens inspection market generated a revenue of USD 315.2 million in 2023.
- The 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.
- Country-wise, Denmark is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 315.2 million |
| Market revenue in 2030 | USD 435.8 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 covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Europe region accounted for 25.2% of the global contact lens inspection market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 366.5 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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Europe 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 44.83% in 2023. Horizon Databook has segmented the Europe 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.
Europe held the second-largest revenue share of the global contact lens inspection market in 2023. Growth in the region can be attributed to the growing demand for contact lenses across the region. As more individuals opt for contact lenses as their preferred method of vision correction, manufacturers and distributors are increasingly turning to advanced inspection machinery to ensure the quality & safety of these products.
This demand is influenced by various factors, such as lifestyle changes, advancements in lens materials & designs, and a heightened emphasis on convenience & aesthetics in eye care. For instance, in March 2022, Minicom Co., Ltd. launched the ‘Minicom Bloom’ treatment plan for myopia management in the UK, Spain, France, Australia, Italy, Austria, and Singapore.
This plan includes two contact lenses that are CE-approved, especially for myopia management: Minicom Bloom Day and Minicom Bloom Night. Hence, the need for efficient contact lens inspection machines to detect defects in contact lenses is expected to surge over the upcoming decade.
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Target buyers of Europe 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 continent-level data and insights on the Europe contact lens inspection market , including forecasts for subscribers. This continent databook contains high-level insights into Europe contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe contact lens inspection market size, by country, 2018-2030 (US$M)
Europe Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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