UAE Contact Lens Market to grow with a CAGR of 6.47%
Increasing healthcare infrastructure and a supportive regulatory environment are the major drivers for the UAE Contact Lens Market.
According to TechSci Research report, “UAE
Contact Lens Market Industry
Size, Share, Trends, Competition, Opportunity and Forecast, 2018-2028”, UAE Contact Lens Market has valued at USD
75.34 million in 2022 and is anticipated to witness an impressive growth in the
forecast period with a CAGR of 6.47% 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 in the
market.
Increasing awareness of eye health plays
a crucial role in driving the demand for contact lenses. A greater emphasis on eye health
awareness encourages individuals to undergo regular eye examinations. During
these check-ups, eye care professionals may recommend contact lenses as a
vision correction option, particularly for those with refractive errors. Increased
awareness leads to better recognition of various eye conditions and disorders,
such as myopia, hyperopia, astigmatism, and presbyopia. People who are informed
about these conditions are more likely to seek solutions like contact lenses to
address their specific vision needs. Educational campaigns and initiatives
focused on eye health often highlight the benefits of various vision correction
methods, including contact lenses. This awareness can prompt individuals to
consider contact lenses as a viable option for improving their vision.
With the rise in digital device usage,
there is an increased awareness of digital eye strain and discomfort. Contact
lenses, especially those designed for extended wear and optimized for digital
device use, can be positioned as a solution for individuals experiencing these
issues. Awareness campaigns about the harmful effects of ultraviolet (UV)
radiation on the eyes contribute to the demand for contact lenses with built-in
UV protection. This dual functionality of correcting vision and providing UV
protection aligns with the broader goal of maintaining eye health.
Browse over XX market data Figures and spread through XX Pages and an in-depth TOC on " UAE Contact Lens Market.”
In October 2021, in today's
fast-paced world, time is a valuable commodity for many consumers juggling
work, family, and daily responsibilities. Introducing a groundbreaking
subscription service, Loop Contacts aims to save people both time and money,
providing convenience and affordable contact lenses. This innovative
direct-to-consumer platform allows customers to effortlessly browse online and
choose from a diverse selection of discounted prescription or colored contact
lenses, including popular brands like Acuvue, Alcon, Bausch+Lomb, and more.
With Loop Contacts' hassle-free subscription service, customers can select
their preferred lens solution or eye drops and kickstart their subscription.
The platform ensures that subscribers never face the inconvenience of running
out of lenses while consistently offering affordability. Subscribers enjoy
complete flexibility and control over their subscription, with the ability to
pause, cancel, or skip an order, modify their prescription, and contact lenses,
manage their next delivery date, and oversee their profile directly through the
website.
Environmental
concerns present a challenge in the UAE Contact Lens Market, and these concerns
are part of a broader global issue related to the environmental impact of
single-use plastics, including contact lenses. Contact lenses and their
packaging often contain plastic materials, contributing to the issue of
single-use plastics. Improper disposal of contact lenses can lead to
environmental pollution and the accumulation of plastic waste in landfills. The
breakdown of plastic contact lenses into microplastics poses a threat to
aquatic ecosystems. When lenses are discarded, they can end up in water bodies,
potentially harming marine life and contributing to water pollution. The
disposal of contact lenses, especially when not handled properly, poses
challenges for waste management systems. The small size of contact lenses makes
them difficult to separate and recycle in standard waste processing facilities.
In addition to the lenses themselves, the packaging materials, such as blister
packs and solution bottles, often contribute to the overall environmental
impact. Reducing or using eco-friendly packaging materials is an area of
concern and improvement.
UAE Contact Lens Market
is segmented based on Material Type, Design, Wear Type, Application,
Distribution Channel, and by region.
Based on the Material
Type, UAE Contact Lens Market is segmented into Silicone hydrogel, Hydrogel,
Gas permeable, Others. Gas permeable contact lenses, also known as rigid gas
permeable (RGP) or GP lenses, are a type of contact lens made from durable and
rigid materials. These lenses allow oxygen to pass through to the cornea,
providing clear vision while maintaining the health of the eye. Gas permeable lenses are
made from a firm, oxygen-permeable plastic material. Unlike soft lenses, which
are flexible, GP lenses maintain their shape on the eye. High Oxygen
Transmission: Gas permeable lenses allow a significant amount of oxygen to
reach the cornea, supporting eye health and comfort. This is an advantage over
traditional hard lenses. Gas permeable lenses provide clear and crisp
vision. They are known for their ability to correct a wide range of vision
issues, including myopia (nearsightedness), hyperopia (farsightedness),
astigmatism, and presbyopia.
Based on Region, Abu Dhabi region held the largest share
in the UAE Contact Lens Market.
The effectiveness of marketing and
distribution strategies employed by contact lens manufacturers and retailers in
Abu Dhabi could play a significant role. If there are targeted and successful
marketing campaigns, along with efficient distribution networks, it can
contribute to market dominance. Cultural and fashion trends can influence the
adoption of colored or cosmetic contact lenses. If Abu Dhabi is more influenced
by such trends, it might lead to a higher demand for these types of lenses,
contributing to market dominance. The regulatory environment in Abu Dhabi,
including any regulations related to eye care and contact lens distribution,
can impact market dynamics. A supportive regulatory framework may foster a
thriving contact lens market in the region.
Some of the major companies operating in
the UAE Contact
Lens Market include:
- Bausch & Lomb UAE
- Johnson & Johnson UAE
- Alcon UAE
- Carl Zeiss UAE
- CooperVision UAE
- EssilorLuxottica Group UAE
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“Certain areas,
particularly in Dubai, are projected to exert significant demand for Contact
Lens. 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 Contact Lens Market in the forecast period," said Mr.
Karan Chechi, Research Director with TechSci Research, a research-based Global management
consulting firm.
UAE Contact Lens Market by
Material Type (Silicone hydrogel, Hydrogel, Gas permeable, Others), By Design
(Spherical, Toric, Multifocal, Others), By Wear Type (Disposable, Reusable), By
Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution
Channel (Retail Stores, Hospitals & Clinics, Online), By Region, By Competition Forecast & Opportunities, 2018-2028F has evaluated the future growth potential of UAE
Contact Lens 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 Contact Lens Market.
Contact
Mr. Ken
Mathews
Techsci
Research LLC
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