Key Market Indicators
The import of prescription glasses in Madagascar is projected to decline to roughly $1,790 by 2028, down from about $2,110 in 2023. This marks an annual decrease of approximately 2.7% in compound annual growth rate (CAGR). Despite this forecasted drop, the country has seen a significant surge in demand for prescription glasses over the past decades. Since 1997, the Malagasy market for these optical products has expanded by an impressive 29.3% year on year.
