Latin America Contact Lens Market: By Modality Type (Daily Wear, Weekly/Monthly), By Design Type (Toric, Multifocal, Cosmetic, Sphere), By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Hybrid, PMMA), By Application (Conventional, Orthokeratology, Decorative), By Distribution Channel (Retail Stores, Hospitals and Clinics, E-commerce), and Geography

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Latin America Contact Lenses Market size is predicted to grow USD 1.34 billion by 2028 from USD 0.97 billion in 2022, growing at a CAGR of 6.72% during the forecast period 2022-2028. Latin America Contact Lenses Market market players into the region coupled with surge in prevalence of ophthalmic diseases are anticipated to propel the market over the forecast years. Moreover, development in health care infrastructure, grow in disposable income, and adoption of advanced contact lens products are the major factors that are driving the growth of Latin America contact lens market over the forecast timeframe. Market players are focus to strengthen their geographical presence with the expansion of business in the Latin America region. For instance, in February 2019, Essilor international expanded its geographical presence in the Latin America region with the acquisition of majority stake in Indulentes, one of the leading prescription laboratories in Ecuador.  

Growth

Moreover, development in health care infrastructure, grow in disposable income, and adoption of advanced contact lens products are the major factors that are driving the growth of Latin America contact lens market over the forecast timeframe.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2016-2021) and forecast (2022-2028)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Latin America Contact Lens Market Segmentation

Modality
  • Weekly/Monthly
  • Daily Wear
Design Type
  • Toric
  • Multifocal
  • Cosmetic
  • Sphere
Material Type
  • Silicone Hydrogel
  • Hydrogel
  • Gas Permeable
  • Hybrid
  • PMMA
Application
  • Conventional Contact Lens
  • Orthokeratology
  • Decorative
Distribution Channel
  • Retail Stores
  • Hospitals and Clinics
  • E-commerce

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.

  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)

Adjacent Markets