In 2023, the actual re-import of contact lenses to Canada stood at a notable point, serving as a baseline before a projected decline begins. From 2024 to 2028, a consistent downward trend is forecasted with values descending from 707s in 2024 to 366s in 2028.
Year-on-year percentage declines reflect substantial reductions each year: from 2024 to 2025, there is a decrease, continuing consistently every subsequent year. The Compound Annual Growth Rate (CAGR) over these five years highlights an average yearly reduction, signaling a long-term declining trend.
Future trends to watch for include:
- The potential influence of new technologies on manufacturing efficiency and cost, potentially altering import dynamics.
- Possible changes in consumer preferences towards alternative vision correction solutions like LASIK surgery, which may impact demand.
- Regulatory changes affecting international trade agreements, particularly within the healthcare sector.
