UAE contact lens market is anticipated
to register growth with an impressive CAGR in the forecast period, 2023-2027,
on the account of surging demand for the contact lens for the younger adult
population looking for eye sight corrective products that are aesthetic too.
Increasing demands for the disposable contact lens also aids the growth of the
UAE contact lens market in the upcoming five years. Rising number of visual
inaccuracies and increasing outdoor activities that inclines the consumer
toward contact lens over glasses, further drives the growth of the UAE contact
lens market in the next five years.
Increasing Instances of
Myopia Drives Market Growth
Cases of myopia or
nearsightedness is rapidly increasing worldwide. The population of UAE is also
suffering from nearsightedness and high myopia and thus the demands for the
corrective contact lenses are rapidly growing, driving the growth of the UAE
contact lens market in the upcoming five years. In the year 2020, 33% of the
global population suffered from myopia accounting to about 2584 million people.
The use of contact lens to correcting the eye sight has ever since increased.
About 1,60,000 people used
contact lens in the country in 2017, that accounted for 5% of rural population
and 10% of the urban population. The usage for the contact lens has since been
increasing at an exclusive rate. On a global scale, 8% of contact lens wearers
are under 18 years old, 17% are between ages 18-24, and 75% of adults aged 25
and older wear contacts. Similar trends are also expected in the United Arab
Emirates.
Cosmetic Applications of
Contact Lens Promises Market Growth
Cosmetic applications of the
contact lens have increased rapidly in the past few years. Although the
population also suffers from contact lens due to their negligence toward
contact lens uses and regular cleaning and wearing protocols. Moreover,
increased use of colored contact lens by professionals like models, actors,
etc. also aid the growth of the market. These professionals are highly
influential and common population further demands for the aesthetic contact
lenses following their idols that increases the demands.
Although the experts advice
to avoid buying the colored contact lenses from random over the counter stores.
Contact lenses should be made with precise measurement. Over the counter
products causes corneal abrasions. Moreover, regular cleaning at ophthalmologist
to clear protein deposits that collect on its surface of the contact lens would
prolong the product and avoid cases of corneal abrasions.
Expanding Healthcare Industry
Supports Market Growth
Growing healthcare industry
in the country is a major driver that supports the growth of medical devices,
equipment, tools, etc. like contact lens. Growing investments in the sector
along with the technological advancement in the contact lenses further aids the
growth of the UAE contact lens market in the upcoming five years. Advancements
like use of soft lens to treat the eye sight problems due to high astigmatism,
has driven the market growth.
Also, for Keratoconus, soft
lenses made of special polymer polymethylmethaacetate, that allows for more
stability and greater precision, has been devised. Contact lenses for cataract
surgery for aphakia that is a condition where intraocular lenses haven't been
fitted are some of the major technological advancement in the contact lenses
used for the treatment in various eye conditions.
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Market Segmentation
The
UAE contact lens market is segmented by material type, design, wear type,
application, distribution channel, competitional landscape, and regional
distribution. Based
on material type, the market is further segmented into silicone hydrogel,
hydrogel, gas permeable, and others. By design, the market is fragmented into spherical,
toric, multifocal, and others. Based on wear type, the market is differentiated
into disposable and reusable. By application, the market is bifurcated into corrective,
therapeutic, cosmetic, and others. Based on distribution channel, the market
segment is broken into retail stores, hospitals & clinics, and online. The
market analysis also studies the regional segmentation to devise regional
market segmentation, divided among Abu Dhabi, Sharjah, Dubai, and rest of the
UAE.
Company Profile
Bausch & Lomb UAE, Johnson
& Johnson UAE, Alcon UAE, Carl Zeiss UAE, CooperVision UAE, EssilorLuxottica
Group UAE, among
others is a partial list of major market players of the companies responsible
for the growth of UAE contact lens market.
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Attribute
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Details
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Base Year
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2021
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Historical Data
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2017 – 2020
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Estimated Year
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2022
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Forecast Period
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2023 – 2027
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Quantitative Units
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Revenue in USD Million, and CAGR for 2017-2021 and 2022-2027
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Report coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments covered
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·
Material Type
·
Design
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Wear Type
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Application
·
Distribution Channel
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Regional scope
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Abu Dhabi, Sharjah, Dubai, rest of UAE.
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Key companies profiled
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Bausch & Lomb UAE, Johnson &
Johnson UAE, Alcon UAE, Carl Zeiss UAE, CooperVision UAE, EssilorLuxottica
Group UAE
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Customization scope
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10% free report customization with purchase. Addition or
alteration to country, regional & segment scope.
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Pricing and purchase options
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Avail customized purchase options to meet your exact research
needs. Explore purchase options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, UAE contact lens market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- UAE Contact Lens Market, By Material
Type:
- Silicone hydrogel
- Hydrogel
- Gas permeable
- Others
- UAE Contact Lens Market, By Design:
- Spherical
- Toric
- Multifocal
- Others
- UAE Contact Lens Market, By Wear
Type:
- UAE Contact Lens Market, By Application:
- Corrective
- Therapeutic
- Cosmetic
- Others
- UAE Contact Lens Market, By Distribution
Channel:
- Retail Stores
- Hospitals & Clinics
- Online
- UAE Contact Lens Market, By Region:
o Abu Dhabi
o Dubai
o Sharjah
o Rest of UAE
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in UAE contact lens 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).
UAE Contact Lens 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]
In case you don’t find what you are looking for, please get in touch with our custom research team at [email protected]