Latin America Contact Lenses Market Size & Outlook
Latin America contact lenses market, 2018-2030 (US$M)
Related Markets
Latin America contact lenses market highlights
- The Latin America contact lenses market generated a revenue of USD 623.8 million in 2023.
- The market is expected to grow at a CAGR of 10.1% from 2024 to 2030.
- In terms of segment, retail was the largest revenue generating distribution channel in 2023.
- E-commerce is the most lucrative distribution channel segment registering the fastest growth during the forecast period.
- Country-wise, Argentina is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 623.8 million |
| Market revenue in 2030 | USD 1,220.0 million |
| Growth rate | 10.1% (CAGR from 2023 to 2030) |
| Largest segment | Retail |
| Fastest growing segment | E-commerce |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | E-commerce, Retail |
| Key market players worldwide | Johnson & Johnson, Alcon Inc, Bausch & Lomb Corp, ZEISS Group, The Cooper Companies Inc, Essilorluxottica, Hoya Corp, S&W Seed Co, Staar Surgical Co, SynergEyes, Contamac, Medennium, X-Cel Specialty Contacts |
Other key industry trends
- In terms of revenue, Latin America region accounted for 3.4% of the global contact lenses 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 10,410.6 million by 2030.
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Contact Lenses Market Scope
Contact Lenses Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America contact lenses 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 lenses market will help companies and investors design strategic landscapes.
Retail was the largest segment with a revenue share of 67.17% in 2023. Horizon Databook has segmented the Latin America contact lenses market based on e-commerce, retail covering the revenue growth of each sub-segment from 2018 to 2030.
The South American region is expected to grow at a higher pace as the adoption rate of contact lenses is in the growth stage. The market penetration of contact lenses is low in this region, which means the potential for growth is high in South American regions.
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Target buyers of Latin America contact lenses market databook
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Our clientele includes a mix of contact lenses market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America contact lenses market , including forecasts for subscribers. This continent databook contains high-level insights into Latin America contact lenses market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America contact lenses market size, by country, 2018-2030 (US$M)
Latin America Contact Lenses Market Outlook Share, 2023 & 2030 (US$M)
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