Egypt Contact Lenses market
is expected to grow at a significant rate during the forecast period 2024-2028.
A contact lens is required to correct refractive defects and make up for visual
impairments such as myopia, hyperopia, presbyopia, and astigmatism. As a
result, the market is anticipated to grow throughout the course of the forecast
period, due to an increase in graphic discrepancies. Contact lenses are tiny
lenses designed to be applied to the surface of the eye to correct eyesight.
Depending on the type, comfort, and reusability of the lenses, they are either
hard or soft. The primary factors driving the market expansion during the
forecast period are the rising acceptance of these devices in developing
nations and the increase in the prevalence of refractive defects in Egypt.
The contact lenses appear to
be worn in direct contact with the cornea, but they keep on floating on a layer
of tears that separate them from the cornea. Contact lenses are basically
prosthetic ocular devices that are not only used for cosmetic purposes but also
used for corrective and therapeutic purposes. Contact lenses are the best
choice for those people who are not willing to wear an eyeglass or undergo
corrective eye surgery. The market's top players are also engaged in developing
awareness campaigns and introducing cutting-edge products, which are expected
to encourage the growth of daily disposables.
Furthermore, the material
must be biocompatible, and the production facility must be carried out in a
hygienic atmosphere. Manufacturers must go by a number of requirements issued
by the IAMRA, FDA, and EU Commission while creating lenses. Manufacturers are
required to include adequate information with the package, including the
sterilization and disinfection procedures utilized. Manufacturers are receiving
regulatory approval for the production of lenses made of fluoro silicon
hydrogel, similar to PMMA and pHEMA. Moreover, the disadvantage of eye drops
has been overcome by new technology and therapeutic advancements, such as the
construction of drug-eluting lenses, which are contact lenses that carry
medication to the eyes. For those who suffer from allergies and itchy eyes, the
drug-eluting lens contains antihistamines. The use of this kind of lens avoids
ocular, in turn, driving the growth of contact lenses in Egypt.
Prevalence of Eye
Diseases in Egypt is Driving the Growth of the Market.
The western desert oasis
is unique in Egypt due to its geographic location outside of the ancient
valley. Some infectious diseases are affected by the desert's hot, dry weather.
The eye is undoubtedly impacted in a variety of ways by UV radiation. UV
exposure is undoubtedly increased when working in the desert during the day,
especially when doing so in agricultural areas. Pterygium, cataracts, and
age-related macular degeneration are a few conditions that are directly linked
to UV exposure. Dry Eye
disease is a common condition that occurs when your tears aren't able to
provide adequate lubrication for eyes brought on by excessive tear evaporation
or insufficient tear production, damaging the ocular surface. It is accompanied
by Ocular discomfort, itchiness, burning, lacrimation, blurred vision, and a presence
of a foreign body in eye. It
interferes with everyday life activities, and impacts on visual function
especially, reading, driving, and using a computer. It is also caused due to cataract
(Phacoemulsification) surgeries for vision improvement which leads to the
development of post-operative dry eye symptoms. Therefore, the incidence of post Phacoemulsification
surgery induced dry eye disease in Egypt is driving the growth of the contact
lenses market in Egypt.
Rising Demand of Colored
Contact Lenses as a Fashion Accessory
The usage of colored contact
lenses has grown as more of a fashion accessory, as a result of changing living
habits, particularly among young people. Additionally, generation Z is
increasingly adopting and using colored contact lenses due to its aesthetic
qualities and characteristics, as a result of social media's expanding influence.
The colored contact lenses lighten and/or completely alter the color of the
eyes, giving them a more youthful appearance. Additionally, the entertainment
sector is seeing an increase in demand for fashionable contact lenses that
enhance eye beauty and come in a variety of colors, tints, and textures. The
market growth over the following few years is hence anticipated to be
positively impacted by this. Furthermore, the growing disposable income of the
population in Egypt has led to an increase in consumer expenditure on products
like contact lenses. Along with increasing fashion and lifestyle explorations
and the growing trend to adding bright fun color to the everyday routine,
people are now highly attracted to explore colored contact lenses. This factor
is driving the growth of the contact lenses market in Egypt.
Growing Research & Developments in
Contact Lenses
The market for contact
lenses is driven by the desire to do away with eyeglasses and switch to
"Plano" sunglasses to improve aesthetic appearance. The use of
contact lenses has grown as a result of ongoing technological advancements. Research
& development activities, in terms of contact lenses, have been increased
which include the materials used to make contact lenses and their features
& functionality, among others. The companies operating in the contact lens
industry are increasing their R&D expenditure and activities to improve
their existing product portfolio and for developing new products. Rising research and developments in
contact lenses along with drug-delivering capabilities are anticipated to
expected to drive the market over the forecast period. Increasing demand for
daily disposable contact lenses is expected to create potential growth
opportunities in the market for contact lenses. Further, rising eye-related
problems such as ocular infections from viral, bacterial or other
microbiological agents affecting the conjunctiva, cornea, eyelids, etc., are
the contributing factors leading to increased eye problems, thus, creating a
huge demand for global contact lenses, boosting it’s Research and Development.
Shortage of Ophthalmologists
is Anticipated to Hamper the Growth of the Egypt Contact lenses Market.
Since the elderly are more
likely to have chronic eye conditions like glaucoma, dry eye disease, or
retinal degeneration, not to mention cataracts, the most common surgical
procedure performed in Egypt, population growth and aging continue to be the
main factors driving an increase in demand for ophthalmologists in Egypt.
Together with rising expectations from patients and their careers, novel
treatments for previously incurable eye illnesses are further anticipated to
increase the need for these professionals in the ophthalmology sector. Hence,
the increasing elderly population with eye diseases and the shortage of
Ophthalmologist is limiting the market expansion in Egypt.
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Market Segmentation
Egypt Contact Lenses Market is segmented
based on Modality,
Design, material type, application, and distribution channel. Based on modality,
the market is divided into Reusable and Disposable. Based on design, the market is
segmented into Spherical, Toric, Multifocal, and Others. Based on the material
type, the market is divided into Silicone Hydrogel, Hydrogel, Gas Permeable, and
Others. Based on application, the market is divided into Corrective, Therapeutic, Cosmetic, and Others.
Based on distribution channels, the market is divided into Retail Stores,
Online, and Hospitals & Clinics.
Market players
The key players in the Egypt Contact
Lenses Market are H. W. Contact lens, Tiba Lenses Co., MAGRABi, LENZY, Dencott
|
Attribute
|
Details
|
|
Base Year
|
2022
|
|
Historic
Data
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2018 – 2021
|
|
Estimated
Year
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2023
|
|
Forecast
Period
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2024 – 2028
|
|
Quantitative
Units
|
Revenue in USD
Million, and CAGR for 2018-2022 and 2023-2028
|
|
Report
coverage
|
Revenue forecast, company
share, competitive landscape, growth factors, and trends
|
|
Segments
covered
|
By Product
Type
By Type
By Volume
By Material
By End User
|
|
Regional
scope
|
Cairo, Alexandria, Giza
Qalyubia, Port Said Suez, Rest of Egypt.
|
|
Key
companies profiled
|
H. W. Contact
lens, Tiba Lenses Co., MAGRABi, LENZY, Dencott.
|
|
Customization
scope
|
10% free report
customization with purchase. Addition or alteration to country, regional
& segment scope.
|
|
Pricing and
purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery
Format
|
PDF and Excel through
Email (We can also provide the editable version of the report in PPT/Word
format on special request)
|
Report Scope:
In this report, the Egypt Contact Lenses
Market has been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Egypt Contact
Lenses Market, By Modality:
- Egypt Contact
Lenses Market, By Design:
- Spherical
- Toric
- Multifocal
- Others
·
Egypt Contact Lenses
Market, By Material Type
o Silicone Hydrogel
o Hydrogel
o Gas Permeable
o Others
·
Egypt Contact Lenses
Market, By Application
o Corrective
o Therapeutic
o Cosmetic
o Others
·
Egypt Contact Lenses Market, By Distribution Channel
o Retail Stores
o Online
o Hospital & Clinics
·
Egypt Contact Lenses
Market, By Region
o Cairo
o Alexandria
o Giza Qalyubia
o Port Said Suez
o Rest of Egypt
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in the Egypt Contact Lenses Market.
Available Customizations:
With the given market data, TechSci Research offers
customizations according to a company’s specific needs. The following
customization options are available for the report:
Company
Information
- Detailed analysis and profiling of additional market players (up to
five).
Egypt Contact Lenses Market
is an upcoming report to be released soon. If you wish an early delivery of
this report or want to confirm the date of release, please contact us at [email protected]