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Latin America Contact Lens Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

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

Latin America Contact Lens Market Report Description:

Latin America contact lens market report gives comprehensive outlook on contact lens across the region with special emphasis on key countries such as Brazil, Mexico, and Rest of Latin America. The report on Latin America contact lens market gives historical, current, and future market sizes (US$ Mn) on the basis of design type, modality, material type, application, distribution channel, and region. This report studies Latin America contact lens market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Latin America contact lens market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Latin America contact lens market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Latin America contact lens market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Latin America contact lens products.

 

Latin America Contact Lens Market:

The Latin America Contact Lens market estimated to be valued US$ 585.8 Mn in 2018 and poised to grow at significant CAGR over 2019-2025 due to entry of 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.

 

Expansion of Business into Latin America Region

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.

 

Brazil Accounts for Larger Market Revenue Share in Latin America Contact Lens Market

Brazil accounted for larger revenue share in Latin America contact lens market with significant CAGR. Surge in the incidence of ophthalmic disorders, rise in disposable income, high penetration of e-commerce channels in the country, and development of advanced lens are propel the market. Mexico contact lens market has lucrative opportunities owing to grow in adoption of contact lens for cosmetic and sports application and favorable reimbursement policies in the region.

 

Competition Assessment

Key player’s profiles in the Latin America contact lens market include:

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

 

Key Findings of the Report:

 

  • Latin America contact lens market expanding at significant CAGR over 2019 to 2025 owing to increase in the prevalence of ophthalmic diseases
  • Based on application, conventional contact lens accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in Latin America contact lens market

 

Key Features of the Report:

 

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • 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

 

Detailed Segmentation

 

By Modality

  • Weekly/Monthly
  • Daily Wear

By Design Type

  • Toric
  • Multifocal
  • Cosmetic
  • Sphere

By Material Type

  • Silicone Hydrogel
  • Hydrogel
  • Gas Permeable
  • Hybrid
  • PMMA

By Application

  • Conventional Contact Lens
  • Orthokeratology
  • Decorative

By Distribution Channel

  • Retail Stores
  • Hospitals and Clinics
  • E-commerce

 

Geography

  • Latin America
  • Brazil
  • Mexico
  • Rest of Latin America

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