Brazil Prescription Lens Market Size & Outlook, 2023-2030
Brazil prescription lens market, 2018-2030 (US$M)
Related Markets
Brazil prescription lens market highlights
- The Brazil prescription lens market generated a revenue of USD 1,400.9 million in 2023 and is expected to reach USD 1,901.7 million by 2030.
- The Brazil market is expected to grow at a CAGR of 4.5% from 2024 to 2030.
- In terms of segment, single vision was the largest revenue generating type in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
Prescription lens market data book summary
| Market revenue in 2023 | USD 1,400.9 million |
| Market revenue in 2030 | USD 1,901.7 million |
| Growth rate | 4.5% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bifocal, Trifocal, Progressive, Workspace Progressives, Single Vision |
| Key market players worldwide | Essilorluxottica, ZEISS Group, Hoya Corp, Privé Revaux, Vision Ease Eyewear, Seiko Optical Products, Vision Rx Lab |
Other key industry trends
- In terms of revenue, Brazil accounted for 3.0% of the global prescription lens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 1,901.7 million by 2030.
Single vision was the largest segment with a revenue share of 27.07% in 2023. Horizon Databook has segmented the Brazil prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Brazil is known for its R&D in healthcare. It is a member of the OECD countries. As per Statista, the per capita health expenditure in Brazil averaged USD 1,282 in 2018 with an estimated population of over 210 million. Due to increase in healthcare spending, the country has well laid out healthcare policies, infrastructure, and regulatory framework, fostering the country’s growth.
Presence of public health systems such as Sistema Unico de Saude (SUS), which covers health insurance for all citizens in Brazil, is expected to support the prescription lens market growth. Increase in government funding for ophthalmology-related research is contributing to market growth.
Brazilian Research Association for Vision and Ophthalmology (BRAVO) and National Institutes of Health (NIH) are some of the government institutes working toward development and promotion of research efforts in the field of vision & ophthalmology.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil prescription lens market size, by type, 2018-2030 (US$M)
Brazil Prescription Lens Market Share, 2023 & 2030 (US$M)
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