| Product Code: ETC6675523 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Cape Verde continued to rely on Portugal, Areas, nes, and China as key suppliers of contact lenses. Despite a slight decline in growth rate from 2023 to 2024, the Compound Annual Growth Rate (CAGR) over the period of 2020-24 remained positive at 7.08%. The High Herfindahl-Hirschman Index (HHI) indicates a persistent high concentration within the market, suggesting limited competition. Cape Verde`s sustained demand for contact lenses underscores the importance of these imports for meeting the eye care needs of the population.

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 Cape Verde Contact Lens Market Overview |
3.1 Cape Verde Country Macro Economic Indicators |
3.2 Cape Verde Contact Lens Market Revenues & Volume, 2021 & 2031F |
3.3 Cape Verde Contact Lens Market - Industry Life Cycle |
3.4 Cape Verde Contact Lens Market - Porter's Five Forces |
3.5 Cape Verde Contact Lens Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Cape Verde Contact Lens Market Revenues & Volume Share, By Technology, 2021 & 2031F |
4 Cape Verde Contact Lens Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing awareness about eye health and vision correction in Cape Verde |
4.2.2 Growing prevalence of eye disorders and vision problems in the population |
4.2.3 Rising disposable income leading to higher spending on healthcare and beauty products |
4.3 Market Restraints |
4.3.1 Limited availability of eye care professionals and optometrists in Cape Verde |
4.3.2 High cost associated with contact lenses and related eye care services |
4.3.3 Cultural preferences for traditional eyeglasses over contact lenses |
5 Cape Verde Contact Lens Market Trends |
6 Cape Verde Contact Lens Market, By Types |
6.1 Cape Verde Contact Lens Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Cape Verde Contact Lens Market Revenues & Volume, By Product, 2021- 2031F |
6.1.3 Cape Verde Contact Lens Market Revenues & Volume, By Soft Lenses, 2021- 2031F |
6.1.4 Cape Verde Contact Lens Market Revenues & Volume, By Gas Permeable Lenses, 2021- 2031F |
6.2 Cape Verde Contact Lens Market, By Technology |
6.2.1 Overview and Analysis |
6.2.2 Cape Verde Contact Lens Market Revenues & Volume, By Spin Casting, 2021- 2031F |
6.2.3 Cape Verde Contact Lens Market Revenues & Volume, By Cast Molding, 2021- 2031F |
6.2.4 Cape Verde Contact Lens Market Revenues & Volume, By Lathe Cutting, 2021- 2031F |
7 Cape Verde Contact Lens Market Import-Export Trade Statistics |
7.1 Cape Verde Contact Lens Market Export to Major Countries |
7.2 Cape Verde Contact Lens Market Imports from Major Countries |
8 Cape Verde Contact Lens Market Key Performance Indicators |
8.1 Percentage of population undergoing regular eye examinations |
8.2 Adoption rate of advanced contact lens technologies in Cape Verde |
8.3 Number of new entrants or expansions of eye care clinics and optometry practices in the market |
9 Cape Verde Contact Lens Market - Opportunity Assessment |
9.1 Cape Verde Contact Lens Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Cape Verde Contact Lens Market Opportunity Assessment, By Technology, 2021 & 2031F |
10 Cape Verde Contact Lens Market - Competitive Landscape |
10.1 Cape Verde Contact Lens Market Revenue Share, By Companies, 2024 |
10.2 Cape Verde Contact Lens Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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