Market Forecast by Countries (Brazil, Mexico, Argentina, Rest of Latin America), By Material (Gas Permeable, Silicone Hydrogel, Hybrid), By Design (Spherical, Toric, Multifocal, Others), By Application (Corrective, Therapeutic, Cosmetic, Prosthetic, Lifestyle-oriented), By Distribution Channel (E-commerce, Eye Care Practitioners, Retail), By Usage (Daily Disposable, Disposable, Frequently Replacement, Traditional) And Competitive Landscape
Product Code: ETC079378 | Publication Date: Aug 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Latin America Contact Lenses Market is likely to witness growth in the upcoming years. The increase in eye defects has led to an increasing number of people opting for glasses and contact lenses. The rising geriatric population is also a growth factor for Latin America contact lenses market. The increasing awareness among people for taking adequate care of eye defects has contributed majorly to this market’s growth. The increasing inclination of the younger generation towards particular beauty standards and the growing demand for contact lenses over traditional eyewear is a major contributor. Additionally, the drastic advancements in the contact lenses sector, as well as the prevalence of online sales, have boosted the growth. However, fluctuations in production, as well as the availability of material have restrained the growth of the market. Among rural areas, the lack of awareness is a major hindering factor. Also, the increment in prices due to the lack of skilled labor to manufacture new designs has furthermore inhibited the market’s growth. Due to the Covid-19 pandemic, there have been negative impacts in this market. The main reasons for this being the lockdown and ban on international flights resulting in the in regress of market growth for 2020, the reason for this being the safety concerns as wearing spectacle drastically reduce the repetitive contact of hand and face in comparison the contact lenses. Also, all commodities were blocked from transporting except the most important ones- which does not include lenses. Due to the government’s sudden introduction of lockdowns, the optometric clinics and stores were closed which also reduced the usage of daily disposable contacts. However, the research and trends show that after the first quarter of 2021 the markets will start the stabilize themselves.
According to 6Wresearch, Latin America Contact Lenses Market size is anticipated to register growth during 2021-27. Latin American market is divided among the regions like Mexico, Brazil, Chile, Peru, and Argentina. In Mexico, there is expected moderate growth. E-commerce is still weak in most of Brazil so all the major sales are done through physical stores. The sales in Argentina region are fueled by the recent developments in research due to the company's expansion to reach new consumers.
Latin America contact lenses market on basis of material is divided into soft contact lenses, rigid gas permeable contact lenses, polymethylmethacrylate contact lenses, and silicone hydrogel lenses. on basis of application, they are divided into therapeutic contact lenses, prosthetic contact lenses, cosmetic contact lenses, corrective contact lenses and Lifestyle-oriented. Based on designing they are divided as spherical, Multifocal, toric, and others. Mexico's market is highly concentrated among four major players. In Brazil, Bausch & Lomb has recently been promoting its Lunare line of colored lenses, which are simultaneously correction lenses, bringing a more fashion-based approach to its product mix. In Argentina, Augusto Express Vision Lens SA has led the market in terms of sales.
Latin America contact lenses market report thoroughly covers the market by material, design, usage, application, distribution channel and key countries including Brazil, Mexico, Argentina, Peru and the rest of Latin America. Latin America contact lenses market outlook report provides an unbiased and detailed analysis of the ongoing Latin America contact lenses market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latin America Contact Lenses Market Overview |
3.1 Latin America Regional Macro Economic Indicators |
3.2 Latin America Contact Lenses Market Revenues & Volume, 2020 & 2027F |
3.3 Latin America Contact Lenses Market - Industry Life Cycle |
3.4 Latin America Contact Lenses Market - Porter's Five Forces |
3.5 Latin America Contact Lenses Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Latin America Contact Lenses Market Revenues & Volume Share, By Material, 2020 & 2027F |
3.7 Latin America Contact Lenses Market Revenues & Volume Share, By Design, 2020 & 2027F |
3.8 Latin America Contact Lenses Market Revenues & Volume Share, By Application, 2020 & 2027F |
3.9 Latin America Contact Lenses Market Revenues & Volume Share, By Distribution Channel, 2020 & 2027F |
3.10 Latin America Contact Lenses Market Revenues & Volume Share, By Usage, 2020 & 2027F |
4 Latin America Contact Lenses Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Latin America Contact Lenses Market Trends |
6 Latin America Contact Lenses Market, 2017 - 2027 |
6.1 Latin America Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
6.2 Latin America Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
6.3 Latin America Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
6.4 Latin America Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
6.5 Latin America Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
7 Brazil Contact Lenses Market, 2017 - 2027 |
7.1 Brazil Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
7.2 Brazil Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
7.3 Brazil Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
7.4 Brazil Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
7.5 Brazil Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
8 Mexico Contact Lenses Market, 2017 - 2027 |
8.1 Mexico Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
8.2 Mexico Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
8.3 Mexico Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
8.4 Mexico Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
8.5 Mexico Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
9 Argentina Contact Lenses Market, 2017 - 2027 |
9.1 Argentina Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
9.2 Argentina Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
9.3 Argentina Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
9.4 Argentina Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
9.5 Argentina Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
10 Rest of Latin America Contact Lenses Market, 2017 - 2027 |
10.1 Rest of Latin America Contact Lenses Market, Revenues & Volume, By Material, 2017 - 2027 |
10.2 Rest of Latin America Contact Lenses Market, Revenues & Volume, By Design, 2017 - 2027 |
10.3 Rest of Latin America Contact Lenses Market, Revenues & Volume, By Application, 2017 - 2027 |
10.4 Rest of Latin America Contact Lenses Market, Revenues & Volume, By Distribution Channel, 2017 - 2027 |
10.5 Rest of Latin America Contact Lenses Market, Revenues & Volume, By Usage, 2017 - 2027 |
11 Latin America Contact Lenses Market Key Performance Indicators |
12 Latin America Contact Lenses Market - Opportunity Assessment |
12.1 Latin America Contact Lenses Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Latin America Contact Lenses Market Opportunity Assessment, By Material, 2020 & 2027F |
12.3 Latin America Contact Lenses Market Opportunity Assessment, By Design, 2020 & 2027F |
12.4 Latin America Contact Lenses Market Opportunity Assessment, By Application, 2020 & 2027F |
12.5 Latin America Contact Lenses Market Opportunity Assessment, By Distribution Channel, 2020 & 2027F |
12.6 Latin America Contact Lenses Market Opportunity Assessment, By Usage, 2020 & 2027F |
13 Latin America Contact Lenses Market - Competitive Landscape |
13.1 Latin America Contact Lenses Market Revenue Share, By Companies, 2020 |
13.2 Latin America Contact Lenses Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |