UAE Eye Care Market to grow with a CAGR of 3.94%
Increasing healthcare infrastructure and
a supportive regulatory environment are the major drivers for the UAE Eye Care Market.
According to TechSci Research report, “UAE
Eye Care Market Industry Size, Share, Trends, Competition,
Opportunity and Forecast, 2018-2028”,
UAE Eye Care Market has valued at USD 0.72 billion in 2022 and is anticipated
to witness an impressive growth in the forecast period with a CAGR of 3.94%
through 2028. This can be
due to collaborations and partnerships among leading companies with a diverse
approach to merge the expertise of individual companies and to strengthen their
position.
Preventive healthcare practices play a
pivotal role in driving the demand for eye care services and products. As
individuals increasingly recognize the importance of maintaining their overall
health, including eye health, they are more inclined to adopt preventive
measures. Embracing
preventive healthcare involves scheduling regular eye check-ups even in the
absence of noticeable symptoms. Routine examinations help detect and address
potential issues early, contributing to overall eye health. Preventive eye care
facilitates the early detection of various eye conditions, including refractive
errors, glaucoma, cataracts, and retinal disorders. Timely diagnosis allows for
prompt intervention and management of these conditions.
Preventive initiatives such as vision
screening programs in schools, workplaces, and community settings contribute to
the early identification of vision issues, especially in children. Early
intervention helps address problems that may affect learning and development.
Awareness of the connection
between nutrition and eye health encourages individuals to include foods rich
in vitamins and antioxidants that support good vision. This preventive approach
may reduce the risk of age-related macular degeneration and other conditions.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Eye Care Market”
In October 2022, in a
pioneering collaboration, ShopDoc, a health tech startup originating from India
and operating in the United Arab Emirates (UAE), has joined forces with Clear,
the world's inaugural digital optical prescription platform based in the US.
Together, they are set to introduce a comprehensive eye care solution within
the metaverse. Leveraging Clear's algorithmic capabilities, ShopDoc will
administer eyeglasses prescription tests in the metaverse, addressing concerns
about the reported high cost, inconvenience, and time-consuming nature of
traditional eye tests. The digital eye project within the metaverse is slated
for launch in the UAE and India during its initial phases.
Consumer
preferences present a challenge in the UAE Eye Care Market as the industry
seeks to meet the diverse needs and expectations of individuals seeking vision
correction and eye health services. Consumer preferences in eyewear are influenced
by fashion trends and personal style. Meeting the demand for a wide range of
trendy and fashionable eyeglasses and sunglasses requires constant adaptation
to evolving styles. While some consumers prefer traditional eyeglasses, others
favor contact lenses for reasons such as convenience or aesthetic preferences.
Balancing the demand for both types of vision correction products pose a
challenge for eye care providers and retailers. Consumers prioritize comfort
and proper fit when choosing eyeglasses or contact lenses. Meeting individual
preferences for lightweight frames, specific materials, and comfortable contact
lenses requires a diverse product offering. The growing trend of online
shopping extends to eyewear, with consumers preferring the convenience of
browsing and purchasing eyeglasses or contact lenses online. Adapting to this
preference while ensuring accurate prescriptions and proper fit is a challenge.
UAE Eye Care Market is
segmented based on Product Type, Coating, Lens Material, Distribution Channel, and
by region.
Based on the Product
Type, UAE Eye
Care Market is segmented into Eyeglasses, Contact Lens, Intraocular Lens, Eye
Drops, Eye Vitamins, Others. Eye vitamins refer to specific vitamins and
nutrients that play a crucial role in maintaining the health of the eyes and
supporting good vision. These vitamins are essential for various functions,
including protecting the eyes from oxidative damage, maintaining the integrity
of the retina, and reducing the risk of age-related eye conditions. Vitamin A is essential
for maintaining the health of the retina, vitamin A is crucial for low-light
and color vision. Vitamin C (Ascorbic Acid) acts as an antioxidant
that helps protect the eyes from oxidative damage. It is also involved in the
maintenance of blood vessels in the eyes. Vitamin E (Tocopherol) acts as an antioxidant that
helps protect cells, including those in the eyes, from damage caused by free
radicals. Zinc plays
a crucial role in maintaining the health of the retina and may help prevent
age-related macular degeneration (AMD).
Based on Region, Abu Dhabi region held the largest share
in the UAE Eye
Care Market. Partnerships between local eye care
providers, government entities, and private organizations in Abu Dhabi may
enhance the overall eye care ecosystem, making it more accessible and
comprehensive. Abu Dhabi is a hub for medical tourism, attracting patients from
within the UAE and internationally, it could contribute to a higher volume of
eye care services being provided in the region. The reputation of Abu
Dhabi-based eye care providers for delivering high-quality services and
adopting advanced technologies may attract a larger share of the market.
Some of the major companies operating in
the UAE Eye
Care Market include:
- Thermo
Fischer Scientific, Inc
- Alcon Inc
- Johnson
and Johnson Middle East
- CooperVision,
Inc
- Essilor
Luxottica Group
- AbbVie Inc
- Carl Zeiss
Vision MENA FZA
- Novartis
Middle Eastare
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Eye Care.
The growth in the competitive landscape and the presence of well-established
companies in the market, committed to enhance the overall wellbeing of people each
year, are expected to contribute to a remarkable growth of the UAE Eye
Care Market in the forecast period," said Mr. Karan Chechi, Research
Director with TechSci Research, a research-based Global management consulting
firm.
UAE Eye Care Market by Product
Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins,
Others), By Coating (Anti-Glare, UV, Others), By Lens Material (Normal Glass,
Polycarbonate, Trivex, Others), By Distribution Channel (Retail Stores,
E-Commerce, Clinics, Hospitals), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Eye Care Market and provides statistics & information on market size, structure,
and future market growth. The report intends to provide innovative market
intelligence and help decision makers take sound investment decisions. Besides,
the report also identifies and analyzes the emerging trends along with
essential drivers, challenges, and opportunities in UAE Eye Care Market.
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