As of 2023, Canada imported contact lenses worth approximately 171.2 million USD. The forecasts from 2024 to 2028 show a gradual increase in import values, with expected values reaching 183.22 million USD by 2028. The year-on-year growth from 2024 to 2025 is 1.42%, while from 2025 to 2026, it is 1.37%. The CAGR over the five-year forecast period stands at about 1.45%. This indicates a stable, albeit modest, growth trajectory in Canada's contact lens imports.
Future trends to watch for:
- Shifts in consumer preferences towards more specialized or premium contact lenses could impact import values.
- Advances in technology and material science may alter the demand and supply landscape.
- Potential regulation changes could influence import dynamics and cost structures.