Azerbaijan Contact Lenses market is projected to grow at a CAGR of 4.3% from 2023 to 2029

Disposable category in terms of demography acquired the largest revenue share in Azerbaijan Contact Lenses Market – 6Wresearch

In 2022, Disposable category had the highest revenue share, primarily due to the preference for lenses with extended wear periods like bi-weekly or monthly disposables. Consumers finds it Cost-efficient and durable. However, the Daily disposable segment is expected to see significant future growth, driven by a heightened awareness of eye health and hygiene. It offers unparalleled convenience and hygiene, aligning with evolving consumer preferences for hassle-free options that prioritize eye safety.

As per 6Wresearch, the Azerbaijan Contact Lenses market is projected to grow at a CAGR of 4.3% from 2023 to 2029. Over the past years, Azerbaijan has witnessed a concerning increase in the prevalence of eye diseases, particularly diabetic retinopathy and cataracts, among its adult population. According to data, cases of eye diseases per 10,000 youth aged 14-29 have shown an upward trend from 2018 to 2021, reaching 99.8 per 10,000. This alarming rise underscores a growing healthcare challenge within the country. The surge in eye diseases, specifically diabetic retinopathy and cataracts, has a direct impact on the demand for contact lenses in Azerbaijan. As individuals grapple with vision impairments resulting from these conditions, they are increasingly turning to contact lenses as a practical and comfortable means of vision correction. This trend is not only indicative of the rising need for eye care solutions but also presents a significant market opportunity for the contact lens industry within Azerbaijan. Azerbaijan's contact lens market heavily relies on imports from various countries resulting in vulnerability to supply chain constraints. The consistent decline in imports since 2019 has disrupted the supply chain, leading to potential affordability challenges for a significant portion of the population.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, by Distribution channel, Offline distribution dominated revenue in 2022, driven by the advantages of immediate product access and the ability to physically inspect items, enhancing the consumer’s experience.

The Azerbaijan Contact Lenses Market (2023-2029) report provides an in-depth analysis with 25 figures and 9 tables, covered in 84 pages. The report comprehensively covers the market by application, usage, design, material, distribution channel, and demography. The report provides a detailed as well as unbiased analysis of the on-going drivers, opportunities/high growth areas, and trends of the sector which are projected to support the stakeholders to align as well as devise their market strategies as per to the latest and future market dynamics.