In 2020, the outbreak of COVID-19 further impacted the Spanish economy, which was already struggling prior to the outbreak of the virus. The pandemic forced Spaniards to return to frugal purchasing habits seen during the 2008-2009 global financial crisis.
Due to the COVID-19 pandemic, many Spaniards have developed new hygiene routines; preventive measures used in the hope of not getting infected. One of these is the change in the contact lenses they use.
CooperVision continued to lead contact lenses, and overall contact lenses and solutions, in 2020. The company is still centring its strategy on innovation.
International and local economic authorities have predicted that Spain is set to be amongst the economies suffering the most the economic distress following the outbreak of COVID-19. The Spanish economy is seeing its employment rate declined sharply, which is expected to take time across the forecast period to recover.
Across the forecast period, and due to the economic distress Spain is set to undergo, the number of Spaniards going through procedures which correct eye problems, such as laser eye surgery to correct myopia, is set to decline. This will support the launches of new products that claim to correct, or at least to contain, the progression of eye problems for consumers.
During the lockdown periods of 2020, Spanish consumers built a growing reliance on e-commerce, turning to the online platform to purchase eyewear products. This migration was encouraged by the fact that a number of optical shops used home-delivery services, becoming increasingly appealing to consumers who did not want to leave the household.
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Understand the latest market trends and future growth opportunities for the Contact Lenses 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 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.
This report originates from Passport, our Contact Lenses research and analysis database.
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