Middle East Contact Lenses Market, By Material [Soft, Hard, Hybrid], By Design [Spherical, Toric, Multifocal], By Application [Corrective, Cosmetic, Corrective and Cosmetic], By Distribution Channel [E-commerce, Eye care Practitioners, Retail], By Usage [Daily wear, Disposable wear, Extended wear], By Countries [Saudi Arabia, UAE, Israel, Kuwait, Rest of Middle East], Opportunities and Forecast, 2016-2030F

The market for contact lenses in the Middle East was valued at USD 987.6 million in 2022 and is anticipated to grow at a CAGR of 4.4% for the forecast period between 2023 and 2030 to reach USD 1405.22 million in 2030.

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The market for contact lenses in the Middle East was valued at USD 987.6 million in 2022 and is anticipated to grow at a CAGR of 4.4% for the forecast period between 2023 and 2030 to reach USD 1405.22 million in 2030. The market is influenced by several factors including rising disposable income, increasing geriatric population, growing adoption of contact lenses for decorative or cosmetics purposes, and eye health awareness. New alternatives for vision correction and eye health are being made available to all patient populations because of ongoing innovation, which aims to enhance patient outcomes, widen access, and address the treatment of challenging and complicated disorders.

Consumers are becoming selective about the sustainability of the products they buy, including contact lenses. When it comes to environmental issues, manufacturers have taken the initiative such as creating sustainability measures to reduce waste, energy use, and packaging, as well as recycling programs to recycle blister packs, top foil, and contact lenses.

The demographic shift is generating a large, new customer base with increased access to eye care products and services along with the resources to pay for them. The expansion of training opportunities for eye care professionals in emerging markets is also leading to increased patient awareness and access to premium eye care products.

 Increasing Demand among Younger Population

Contact lenses are becoming widely popular among young adults as the emphasis on beauty and fashion increases. Also, increased usage of digital screens in the form of mobile or in laptops leads to high strain on the eyes which is resulting in rising cases of Myopia, globally, including the Middle East eventually leading to more vision correction cases in the region. Disposable and soft contact lenses are considered the best option among people willing to use them occasionally, such as for party wear or for sporting events. Beauty or cosmetics contact lenses hold a significant market share in both Saudi Arabia and UAE. More than 50% of the market share in the Kingdom of Saudi Arabia comes from beauty contact lenses in terms of volume.

Increasing Prevalence of Refractive Errors

According to National Centre for Biotechnology Information (NCBI), myopia, hyperopia, and astigmatism are all relatively common, with a prevalence of 30%, 21%, and 24% of all refractive cases respectively, in the Middle East. Youngsters from the Middle East have a relatively high prevalence of hyperopia, although adults in this region have a higher frequency of myopia. Digital screen usage continues to increase eye strain, which is leading to a significant rise in refractive errors. Middle Eastern youngsters have a relatively high prevalence of hyperopia, although adults in this region have a higher frequency of myopia. Comparatively to the rest of the world, it appears that astigmatism is not a significant refractive issue in this area.

Silicone Hydrogel Contact-Lenses Likely to Grow Rapidly

There is a growing preference for Silicone Hydrogel based contact lenses among wearers due to their oxygen permeability. Silicone hydrogel included in the contact lenses polymer, offers improved oxygen breathability, allowing more oxygen to travel through the lens and reach the cornea. Hence, these lenses create room for greater comfort and wearability as compared to regular soft contact lenses. They are an advanced version of regular soft lenses which were developed to reduce hypoxia-related issues and improve the safety of both daily wear and extended wear of soft contact lenses.

Moreover, Silicon hydrogel contact lenses offer the advantage of extended wear, allowing individuals to wear them continuously for several days, including overnight. This feature is appealing to those with busy lifestyles or who prefer the convenience of not having to remove and clean their lenses daily. Hence, owing to the multiple benefits these types of lenses offer, the demand for Silicone Hydrogel based contact lenses is expected to grow rapidly in the Middle East countries like UAE, Saudi Arabia and others.

Daily Wear Contact Lenses to Grow at a Faster Rate

Daily wear lenses are becoming more popular in the middle east region as they offer simplicity and don't require cleaning. Many users find them more convenient, especially younger individuals who are new to wearing contact lenses. Moreover, young wearers are more prone to losing or damaging their lenses, and with daily lenses, they can easily replace them. Additionally, eye care professionals in the Middle East are actively promoting daily wear lenses, and manufacturers have expanded their distribution networks, making them more accessible to consumers. As awareness increases and people understand the benefits of daily wear lenses, the demand for these contact lenses is growing rapidly.

Impact of COVID-19 

The COVID-19 and pandemic induced lockdown in middle east countries brought dramatic shift in Contact Lens market. Firstly, the e-commerce channel in middle east countries witnessed significant growth in 2020, due to this, consumers purchased eyewear through online retailers during the lockdown. Additionally, COVID-19 expedited the much-needed digitalization of the entire customer experience. As brands and retailers became more cognizant of the pandemic's impact on the shift towards a digital-first attitude, services like virtual try-ons and tele-optometry have gained popularity. There was a complete recovery in the Middle East Contact Lens Market despite the abrupt decrease. A large portion of the revenue was lost in 2020 but was regained by the end of 2021.

 Middle East Contact Lenses Market: Report Scope

Middle East Contact Lenses Market Assessment, Opportunities, and Forecast, 2016-2030F”, is a comprehensive report by Markets & Data, providing in-depth analysis and assessment of the current situation of the Contact Lens market in the Middle East, industry dynamics and challenges. The report includes market size, segmental shares, growth trends, COVID-19, opportunities, and forecasts (2016-2030). Additionally, the report profiles the leading players in the industry mentioning their respective market share, business model, competitive intelligence, etc.

Report Attribute

Details

Base Year of the Analysis

2022

Historical Period

2016-2021

Forecast Period

2023-2030

Projected Growth Rate

CAGR of 4.4% from 2023-2030

Revenue Forecast in 2030

USD 1405.22 million

Units

Revenue in USD million

Segments Covered

By Material, By Design, By Application, By Distribution Channel, By Usage

Countries Covered

Saudi Arabia, UAE, Israel, Kuwait and Rest of Middle East

Key Companies Profiled

Alcon Vision LLC., Bausch & Lomb Incorporated, Acuvue (Johnson & Johnson Services), Zeiss Group,

Cooper Vision Inc., HOYA Corporation, Menicon Co. Limited, Essilor Luxottica SA, SEED Co. Limited.

Customization Scope

15% free report customization with purchase

Pricing and Purchase Options

Avail the customized purchase options to fulfil your precise research needs

Delivery Format

PDF and Excel through email (subject to the license purchased).

 

In this report, Middle East Contact Lens Market has been segmented into the following categories: 

1.       Middle East Contact Lens Market, By Material

1.1.    Soft

1.1.1.Hydrogel

1.1.2.Silicon Hydrogel

1.2.    Hard/Rigid Gas Permeable (RGP)

1.3.    Hybrid

2.       Middle East Contact Lens Market, By Design

2.1.    Spherical

2.2.    Toric

2.3.    Multifocal

3.        Middle East Contact Lens Market, By Application

3.1.    Corrective

3.2.    Cosmetic

3.3.    Corrective and Cosmetic

4.        Middle East Contact Lens Market, By Distribution Channel

4.1.    E-commerce

4.2.    Eye care practitioners

4.3.    Retail

5.        Middle East Contact Lens Market, By Usage

5.1.    Daily wear

5.2.    Disposable wear

5.3.    Extended wear

6.        Middle East Contact Lens Market, By Countries

6.1.    Saudi Arabia

6.2.    UAE

6.3.    Israel

6.4.    Kuwait

6.5.    Rest of Middle East

Key Player Landscape and Outlook

The contact lens market in the Middle East is a highly competitive space with a mix of local and global players vying for market share. Some of the major players operating in the region include Alcon, Bausch + Lomb, CooperVision, Johnson & Johnson Vision Care, and Carl Zeiss Meditec AG. These companies offer a wide range of contact lenses, including daily disposables, monthly disposables, toric lenses, multifocal lenses, and specialty lenses.

In 2022, Magrabi Group, which manages the largest network of optical retail stores and hospitals in the Middle East, announced a potential initial public offering. The company has also decided to expand its operations, including the opening of a lens manufacturing facility in Dubai and possibly a similar plant in Riyadh.

New Information on Blue-Violet Light Filtering Technology in ACUVUE® OASYS MAX 1-DAY Contact Lenses is Disclosed by Johnson & Johnson Vision in 2022. According to data, blue-violet light-filtering contact lenses lessen light dispersion and visual artefacts, thus lessening the negative visual impacts of bright light.

Key players operating in Middle East Contact Lens Market

·         Alcon Vision LLC.

·         Bausch & Lomb Incorporated

·         Johnson & Johnson Middle East Inc. (Acuvue)

·         Zeiss Group

·         Cooper Vision Inc.

·         HOYA Corporation

·         Menicon Co. Limited

·         EssilorLuxottica SA

·         SEED Co. Limited.


Key Benefits of Buying This Report

Market Xcel reports are based on qualitative and quantitative data collected through ‘on-ground’ primary research interventions. Based on our in-depth research, our reports can also provide granular city/state level market size data. The report includes deeper actionable insights provided by the industry experts & Key Opinion Leaders thus offering cutting-edge business solutions. The forecast data included in the report is based on ‘Drivers Based Forecasting’ technique ensuring accurate decoding of the future. 

If you can't find what you're searching for or have any custom requirements for Middle East Contact Lens Market, you may approach our team at info@marketsandata.com

Table of Contents

1.       Research Methodology

2.       Project Scope & Definitions

3.       Impact of COVID-19

4.       Executive Summary

5.       Middle East Contact Lens Market Outlook, 2016-2030F

5.1. Market Size & Forecast

5.1.1.       By Value

5.1.2.       By Volume

5.2. By Material

5.2.1.       Soft

5.2.1.1.  Hydrogel

5.2.1.2.  Silicon Hydrogel

5.2.2.       Hard/Rigid Gas Permeable (RGP)

5.2.3.       Hybrid

5.3. By Design

5.3.1.       Spherical

5.3.2.       Toric

5.3.3.       Multifocal

5.4.  By Application

5.4.1.       Corrective

5.4.2.       Cosmetic

5.4.3.       Corrective and Cosmetic

5.5.  By Distribution Channel

5.5.1.       E-commerce

5.5.2.       Eye care practitioners

5.5.3.       Retail

5.6.  By Usage

5.6.1.       Daily wear

5.6.2.       Disposable wear

5.6.3.       Extended wear

5.7. By Countries

5.7.1.       Saudi Arabia

5.7.2.       UAE

5.7.3.       Israel

5.7.4.       Kuwait

5.7.5.       Rest of Middle East

6.       Market Mapping 2022

6.1.  By Material

6.2.  By Design

6.3.  By Application

6.4. By Distribution Channel

6.5. By Usage

6.6. By Countries

7.       Macro Environment and Industry Structure

7.1. Supply Demand Analysis

7.2. Import Export Analysis – Volume and Value

7.3. Supply/Value Chain Analysis

7.4. PESTEL Analysis

7.4.1.       Political Factors

7.4.2.       Economic System

7.4.3.       Social Implications

7.4.4.       Technological Advancements

7.4.5.       Environmental Impacts

7.4.6.       Legal Compliances and Regulatory Policies (Statutory Bodies Included)

7.5. Porter’s Five Forces Analysis

7.5.1.       Supplier Power

7.5.2.       Buyer Power

7.5.3.       Substitution Threat

7.5.4.       Threat from New Entrant

7.5.5.       Competitive Rivalry

8.       Market Dynamics

8.1. Growth Drivers

8.2. Growth Inhibitors (Challenges and Restraints)

9.       Key Players Landscape

9.1. Competition Matrix of Top Five Market Leaders

9.2. Market Revenue Analysis of Top Five Market Leaders (in %, 2022)

9.3. Mergers and Acquisitions/Joint Ventures (If Applicable)

9.4. SWOT Analysis (For Five Market Players)

9.5. Patent Analysis (If Applicable)

10.   Pricing Analysis

11.   Case Studies

12.   Key Players Outlook

12.1.                   Alcon Vision LLC.

12.1.1.    Company Details

12.1.2.    Key Management Personnel

12.1.3.    Products & Services

12.1.4.    Financials (As reported)

12.1.5.    Key Market Focus & Geographical Presence

12.1.6.    Recent Developments

12.2.                   Bausch & Lomb Incorporated

12.3.                   Acuvue (Johnson & Johnson Services)

12.4.                   Zeiss Group

12.5.                   Cooper Vision Inc.

12.6.                   HOYA Corporation

12.7.                   Menicon Co. Limited

12.8.                   EssilorLuxottica SA

12.9.                   SEED Co. Limited.

 *Companies mentioned above DO NOT hold any order as per market share and can be changed as per information available during research work

13.   Strategic Recommendations

About Us & Disclaimer

List of Figure-Middle East Contact Lens Market

Figure 1. Middle East Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 2. Middle East Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 3. Middle East Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 4. Middle East Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 5. Middle East Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 6. Middle East Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 7. Middle East Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 8. Middle East Contact Lens Market Share, By Country, in USD Million, 2016-2030F

Figure 9. UAE Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 10. UAE Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 11. UAE Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 12. UAE Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 13. UAE Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 14. UAE Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 15. UAE Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 16. Saudi Arabia Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 17. Saudi Arabia Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 18. Saudi Arabia Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 19. Saudi Arabia Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 20. Saudi Arabia Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 21. Saudi Arabia Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 22. Saudi Arabia Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 23. Kuwait Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 24. Kuwait Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 25. Kuwait Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 26. Kuwait Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 27. Kuwait Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 28. Kuwait Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 29. Kuwait Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 30. Israel Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 31. Israel Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 32. Israel Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 33. Israel Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 34. Israel Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 35. Israel Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 36. Israel Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 37. Rest of Middle East Contact Lens Market, By Value, in USD Million, 2016-2030F

Figure 38. Rest of Middle East Contact Lens Market, By Volume, in Units Thousand, 2016-2030F

Figure 39. Rest of Middle East Contact Lens Market Share, By Material, in USD Million, 2016-2030F

Figure 40. Rest of Middle East Contact Lens Market Share, By Design, in USD Million, 2016-2030F

Figure 41. Rest of Middle East Contact Lens Market Share, By Application, in USD Million, 2016-2030F

Figure 42. Rest of Middle East Contact Lens Market Share, By Distribution Channel, in USD Million, 2016-2030F

Figure 43. Rest of Middle East Contact Lens Market Share, By Usage, in USD Million, 2016-2030F

Figure 44. By Material Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 45. By Design Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 46. By Application Group Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 47. By Distribution Channel Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 48. By Usage Map-Market Size (USD Million) & Growth Rate (%), 2022

Figure 49. By Country Map-Market Size (USD Million) & Growth Rate (%), 2022

List of Table- Middle East Contact Lens Market

Table 1. Pricing Analysis of Products from Key Players

Table 2. Competition Matrix of Top 5 Market Leaders

Table 3. Mergers & Acquisitions/ Joint Ventures (If Applicable)

Table 4. About Us - Regions and Countries Where We Have Executed Client Projects

Frequently Asked Questions

What is the growth rate of Middle East Contact Lens Market?

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