The forecasted production of contact lenses in the UK shows a gentle decline from 2024 to 2028, starting at 180.45 million Euros in 2024 and gradually decreasing to 169.36 million Euros by 2028. The year-on-year variations highlight a consistent decreasing trend of approximately 1.5% per year. This is calculated based on both the forecast and the historical data available. The compound annual growth rate (CAGR) over this five-year period stands at around -1.55%, indicating a steady but modest reduction in production values.
Future trends to watch for include advancements in contact lens technology, fluctuating consumer demand influenced by lifestyle and demographic changes, and potential regulatory impacts. Additionally, market shifts towards alternative vision correction solutions such as laser eye surgery could further affect production volumes.
