South Africa Contact Lens Inspection Market Size & Outlook
South Africa contact lens inspection market, 2018-2030 (US$M)
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South Africa contact lens inspection market highlights
- The South Africa contact lens inspection market generated a revenue of USD 29.0 million in 2023 and is expected to reach USD 37.3 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.7% 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 29.0 million |
| Market revenue in 2030 | USD 37.3 million |
| Growth rate | 3.7% (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, South Africa accounted for 2.3% 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 Middle East & Africa, South Africa contact lens inspection market is projected to lead the regional market in terms of revenue in 2030.
- Kuwait is the fastest growing regional market in Middle East & Africa and is projected to reach USD 13.3 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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South Africa 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 44.14% in 2023. Horizon Databook has segmented the South Africa 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.
Various factors such as rising healthcare spending, increasing awareness regarding vision care, and increasing demand for contact lenses are among the factors expected to drive market growth in South Africa during the forecast period.
Furthermore, the government in the country has been adopting measures to improve the state of healthcare facilities. The government allocates 11% of the resources to the healthcare sector from the total government expenditure.
There are more than 200 private hospitals and over 400 public hospitals in the country. About 40% of the total healthcare expenditure is made by the government. Thus, the private sector is under pressure to provide appropriate services to most citizens.
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Target buyers of South Africa 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 South Africa contact lens inspection market , including forecasts for subscribers. This country databook contains high-level insights into South Africa contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa contact lens inspection market size, by type, 2018-2030 (US$M)
South Africa Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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