PROSPECTS AND OPPORTUNITIES
South Africans will continue to purchase contact lenses as a lifestyle choice
Although consumers can wear spectacles for a longer period, some will continue to buy contact lenses as a lifestyle choice. Many South Africans might find wearing a pair of spectacles cumbersome, and therefore some consumers prefer contact lenses for ease, or for aesthetic reasons.
Consumers increasingly consider LASIK eye surgery
Although many South African consumers are struggling financially, some are carefully considering how best to manage their budgets to ensure that they obtain the best value for money. The regular ordering of contact lenses (DD and FRP) is a considerable expense, especially when these products are discarded after use, encouraging mid-income consumers to save money towards permanent eye correction surgery, such as LASIK.
Consumers increasingly turn to e-commerce to purchase contact lenses
During the pandemic, e-commerce gained popularity among local consumers who wanted to purchase monthly contact lenses when they were unable to physically visit optical goods stores. However, post-pandemic, many South Africans are continuing to move online to find the most competitive pricing on various brands compared to offers from their regular optical goods store.
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Overview:
Understand the latest market trends and future growth opportunities for the Contact Lenses and Solutions industry in South Africa with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Contact Lenses and Solutions industry in South Africa, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Contact Lenses and Solutions in South Africa report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Contact Lenses and Solutions in South Africa?
- How are sales of contact lenses performing compared to spectacles?
- Which are the leading brands in Contact Lenses and Solutions in South Africa?
- How are products distributed in Contact Lenses and Solutions in South Africa?
- How are demographic changes impacting demand?
- To what extent are fashion and consumer affluence growth determinants?
- Where is future growth expected to be most dynamic?
Contact Lenses and Solutions in South Africa - Category analysis
KEY DATA FINDINGS
Contact lenses driven by younger consumers in South Africa
Rising expense of contact lenses pressures local consumers
Private label offers more affordable contact lenses
South Africans will continue to purchase contact lenses as a lifestyle choice
Consumers increasingly consider LASIK eye surgery
Consumers increasingly turn to e-commerce to purchase contact lenses
Eyewear in South Africa - Industry Overview
Eyewear in 2024: The big picture
2024 key trends
Competitive landscape
Retailing developments
What next for eyewear?
DISCLAIMER
The following categories and subcategories are included:
Contact Lenses and Solutions
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- Daily Disposable Lenses (DD)
- Frequent Replacement Lenses (FRP)
- Conventional Lenses
- Myopia Control Contact Lenses
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- Contact Lens Solutions
Contact Lenses and Solutions
Contact lenses and Solutions is the aggregate of contact lenses and contact lens solution.
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Contact Lenses and Solutions research and analysis database.
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