In 2023, the import of contact lenses to India stood at a notably lower level than the forecasted values for the following years. The data shows a consistent year-on-year growth in imports, with a yearly increase ranging from 3.41% in 2025 to 2.88% by 2028. The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is projected to be around 3%, indicating a steady rise in demand.
Future trends to watch for:
- Emerging technologies and innovations in contact lens materials might alter demand.
- Evolving regulations and trade policies could impact import dynamics.
- Increased consumer awareness and shifts towards vision correction options might influence market patterns.