India Contact Lens Inspection Market Size & Outlook
India contact lens inspection market, 2018-2030 (US$M)
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India contact lens inspection market highlights
- The India contact lens inspection market generated a revenue of USD 47.0 million in 2023 and is expected to reach USD 65.3 million by 2030.
- The India market is expected to grow at a CAGR of 4.8% 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 47.0 million |
| Market revenue in 2030 | USD 65.3 million |
| Growth rate | 4.8% (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, India accounted for 3.8% 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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India 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 44.89% in 2023. Horizon Databook has segmented the India 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 India is expected to witness significant growth due to the increasing use of contact lenses and the growing awareness about eye health among the population. The rise in contact lens users in India, as shown by data from Credi health, highlights the substantial expansion of this market over time.
As per the source, there were around 150,000 users in the 1990s, which has increased to 800,000. This is expected to improve the demand for contact lenses in the country. This impressive growth rate of 15%-20% annually reflects the changing preferences and lifestyle choices of Indians, who are increasingly choosing contact lenses as a convenient & effective solution for vision correction.
Moreover, the rising disposable incomes, urbanization, and changing attitudes toward eyewear are increasing the popularity of contact lenses across different groups in India. As a result, the adoption of contact lens inspection machines for quality assurance purposes in the country is expected to rise.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the India contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into India contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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India contact lens inspection market size, by type, 2018-2030 (US$M)
India Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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