According to the latest data published by FEDAO (The Spanish Federation of Optical Sector Associations), although over 80% of the population in Spain needs to use eye correction devices, only 5% use contact lenses. This low take up leaves large room for growth within contact lenses and solutions in the forecast period.
Following a spike in retail value share in contact lenses and solutions in 2020, due to the restrictions on physical retailing in the wake of COVID-19, e-commerce’s share is set to continue to rise in the forecast period. Many consumers in Spain focus on obtaining the best value for money products in the context of high inflation and high interest rates.
The latest studies carried out in Spain report that the need for eye correction in the country will continue to grow. One reason is the ageing population trend in the country.
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Understand the latest market trends and future growth opportunities for the Contact Lenses and Solutions industry in Spain 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 Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
Contact Lenses and Solutions
Contact lenses and Solutions is the aggregate of contact lenses and contact lens solution.
See All of Our DefinitionsThis report originates from Passport, our Contact Lenses and Solutions research and analysis database.
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