The forecast for contact lens imports to India shows a steady growth from 2024 to 2028. In 2023, the import volume stood at a lower level compared to the subsequent forecasts. From 2024 to 2028, the import volume increases from 136.96 thousand kilograms to 156.04 thousand kilograms. The year-on-year growth rates highlight a consistent rise, with an average annual growth rate (CAGR) calculated over these five years. This points towards a growing demand in the Indian market.
Future trends to watch for in the contact lens market include:
- Technological advancements in lens materials and manufacturing.
- An increase in the prevalence of vision correction needs among the population.
- Potential regulatory changes affecting import dynamics.
- Consumer lifestyle changes enhancing demand for convenience and aesthetics in eyewear products.