Uzbekistan Contact Lenses Market is projected to grow at a CAGR of 4.7% from 2023 to 2029

Spherical contact lens, in terms of design, acquired the largest revenue share in Uzbekistan Contact Lenses Market – 6Wresearch

In 2022, Spherical contact lenses garnered the maximum revenue share in the market owing to their wide application in the cosmetics and fashion industry due to increasing disposable income coupled with rising urbanisation which is driving the market of spherical contact lenses. Additionally, increasing urbanisation propelling the market for fashion and lifestyle would further expand the market for spherical lenses.

As per 6Wresearch, the Uzbekistan Contact Lenses Market is projected to grow at a CAGR of 4.7% from 2023 to 2029.  Uzbekistan Contact Lenses Market is experiencing moderate growth propelled by growing vision correction needs due to rising screen dependency. Moreover, contact lenses are expected to witness significant expansion in the coming years owing to increasing urbanisation from 49.5% in 2023 to 52.1% in 2040 leading to changing lifestyles in the country.  However, the market faced setbacks during the COVID-19 pandemic. Uzbekistan's heavy reliance on imports for medical equipment and supplies resulted in supply disruptions, impacting the availability of contact lenses. The pandemic also led to an increased inflation rate, reaching 14.53%, prompting consumers to prioritize essential goods over non-essential ones. Lockdown measures shifted education online, causing children to spend more time in front of screens, impacting the eye health of the younger population. Similarly, adults working from home also increased their screen time. Despite these challenges, the Uzbekistan contact lens market is poised for future growth. Factors such as rising disposable income and evolving lifestyles are expected to contribute to this expansion. The younger Uzbek population's growing exposure to smartphones and laptops for work and education is acting as a catalyst, further boosting the market.

According to Abhishek Mishra, Senior Research Analyst, 6Wresearch, by demography, the 15-29 age group is likely to grow significantly in the demography segment during the forecast period in Uzbekistan as the country has the majority of the young population exposed to increased screen time and digitalisation. At the same time, they are inclined towards the latest fashion trends and an urge to appear aesthetic. Therefore, they are more comfortable in wearing contact lenses as compared to spectacles.

The Uzbekistan Contact Lenses Market (2023-2029) report provides an in-depth analysis with 25 figures and 9 tables, covered in 88 pages. The report comprehensively covers the market by design, material, application, usage, distribution channel, and demography. The report provides a detailed as well as unbiased analysis of the ongoing 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 the latest and future market dynamics.