|
Forecast Period
|
2024-2028
|
|
Market Size (2022)
|
USD 75.34 million
|
|
CAGR (2023-2028)
|
6.47 %
|
|
Fastest Growing Segment
|
Silicone hydrogel Segment
|
|
Largest Market
|
Abu Dhabi
|
Market Overview
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. Contact
lenses are medical devices placed directly on the eye's cornea to correct
vision or for cosmetic purposes. They are thin, curved lenses made of various
materials, including soft, rigid gas permeable, and hybrid materials. Contact
lenses are a popular alternative to eyeglasses and offer advantages such as a
wider field of vision and freedom from wearing frames. Proper hygiene is
crucial to prevent eye infections. Cleaning, disinfecting, and storing lenses
correctly are essential tasks. Regular eye check-ups with an eye care
professional are recommended. Corrects
refractive errors like myopia, hyperopia, astigmatism, and presbyopia. Offers
an alternative to eyeglasses, providing freedom of movement. Colored lenses can
change or enhance eye color. Suitable for active lifestyles where eyeglasses
may be impractical.
The
rising prevalence of vision disorders, such as myopia and presbyopia,
contributes to the growing demand for contact lenses as a vision correction
solution. As disposable incomes increase, consumers may be more willing to
invest in premium or specialized contact lenses, contributing to market growth.
Ongoing advancements in contact
lens technology, including materials, design, and manufacturing processes,
drive product innovation and enhance the overall user experience. Growing
awareness of the importance of eye health and regular eye check-ups encourages
individuals to opt for contact lenses as a convenient and effective means of
vision correction. Contact
lenses offer a more convenient and active lifestyle compared to traditional
eyeglasses. As individuals seek products that align with their lifestyle
preferences, the demand for contact lenses may increase. The growth of
e-commerce provides consumers with convenient online platforms to purchase
contact lenses, contributing to increased accessibility and market expansion.
The introduction of flexible
payment options and subscription services by retailers makes contact lenses
more accessible to a broader consumer base, driving market growth. The growth of e-commerce provides
consumers with convenient online platforms to purchase contact lenses,
contributing to increased accessibility and market expansion. Increasing
urbanization often correlates with a higher demand for contact lenses due to
lifestyle factors and a greater emphasis on appearance. Contact lenses offer a more convenient
and active lifestyle compared to traditional eyeglasses. As individuals seek
products that align with their lifestyle preferences, the demand for contact
lenses may increase.
Key Market Drivers
Technological Advancements
Researchers have been
exploring the development of smart contact lenses embedded with sensors and
microelectronics. These lenses could potentially monitor various health
indicators, such as glucose levels for individuals with diabetes, intraocular
pressure for glaucoma patients, or even provide augmented reality (AR)
displays. Augmented Reality (AR) Contact Lenses aim to overlay digital
information onto the wearer's field of vision. While still in the early stages
of development, these lenses have the potential to revolutionize how
individuals receive information and interact with the digital world. Inspired
by photochromic eyeglass lenses, these contact lenses are designed to
automatically darken in response to sunlight. This feature provides protection
against harmful UV rays and reduces glare in bright conditions.
Innovations in materials
have led to the development of contact lenses with enhanced oxygen
permeability, moisture retention, and comfort. Silicone hydrogel lenses, for
example, allow more oxygen to reach the cornea, reducing the risk of eye
dryness and discomfort. Some contact lenses are being designed to release
therapeutic drugs gradually into the eye. This technology is particularly
promising for the treatment of conditions such as glaucoma and other eye
diseases, offering a more controlled and sustained drug delivery method. Researchers
are exploring tunable contact lenses that can change focus dynamically. This
technology could be beneficial for individuals with presbyopia, allowing them
to adjust focus for near and far vision without the need for multifocal lenses.
Contact lenses with
antibacterial coatings aim to reduce the risk of eye infections. These coatings
inhibit the growth of bacteria on the lens surface, enhancing eye health and
safety. Advances in manufacturing technologies, such as 3D printing, allow for
the creation of customized contact lenses tailored to the specific curvature
and prescription needs of an individual's eyes. Some contact lenses are now
designed with built-in ultraviolet (UV) protection to shield the eyes from
harmful UV rays, providing an additional layer of defense against potential eye
damage. Continuous wear contact lenses are designed for extended use, allowing
wearers to keep them in for several days without removal. Advances in materials
and design have improved the safety and comfort of these lenses. This factor
will help in the development of the UAE
Contact Lens Market.
Increasing Vision Disorders
There has been a global
increase in the prevalence of myopia (nearsightedness), especially among
younger populations. Factors such as increased screen time, reduced outdoor
activities, and genetic predisposition have contributed to what is often
referred to as the "myopia epidemic." Contact lenses are a popular
choice for vision correction in individuals with myopia. As the population
ages, the prevalence of presbyopia (age-related difficulty in focusing on near
objects) also increases. Multifocal and bifocal contact lenses offer a solution
for individuals experiencing presbyopia, allowing them to see clearly at various
distances without relying on reading glasses. Vision disorders, including
astigmatism, hyperopia (farsightedness), and other refractive errors, drive the
demand for specialized contact lenses. Toric lenses are designed to correct
astigmatism, while various lenses address different types of refractive errors.
Colored contact lenses are
not only used for vision correction but also for cosmetic purposes. Many
individuals with or without vision disorders choose colored lenses to enhance
or change their eye color, contributing to the overall demand for contact lenses.
Technological advancements have led to the development of specialty contact
lenses designed to address specific vision disorders. This includes scleral
lenses for irregular corneas and orthokeratology lenses for myopia control. Contact
lenses offer a convenient and active lifestyle compared to traditional
eyeglasses. Increased accessibility to contact lenses through various
distribution channels, including online platforms and retail stores,
contributes to their popularity among individuals with vision disorders.
Many individuals prefer
non-invasive methods of vision correction, and contact lenses provide a
discreet and comfortable alternative to eyeglasses or surgical procedures. Increased
awareness of the importance of regular eye check-ups and the availability of
vision correction options contribute to a proactive approach to eye care. As
people become more informed about contact lenses, they are more likely to
choose them as a solution for vision disorders. Innovations in contact lens
design, materials, and manufacturing processes have improved comfort, visual
acuity, and safety, making contact lenses an attractive option for those with
vision disorders. This factor will pace up the demand of the UAE Contact Lens Market.
Rise in Digital Device Usage
Prolonged
use of digital devices, such as computers, smartphones, and tablets, can lead
to digital eye strain. Contact lenses designed specifically for digital device
users often incorporate features like enhanced moisture retention and optimized
optics to reduce discomfort associated with prolonged screen time. Contact
lenses provide a more flexible and versatile option for vision correction,
especially for individuals who spend extended hours in front of digital
screens. They allow wearers to move freely without the constraints of
eyeglasses. Contact lenses offer a natural field of view, unobstructed by
frames, which can be beneficial for individuals who need to maintain awareness
of their surroundings while using digital devices.
Contact
lenses are not affected by glare or reflections, providing consistent vision in
various lighting conditions. This adaptability is advantageous for individuals
who move between indoor and outdoor environments while using digital devices. Individuals
who use protective eyewear, such as safety glasses or goggles, for work or
sports, may find contact lenses to be a more compatible and comfortable vision
correction option compared to eyeglasses. Some contact lenses are specifically
designed to address the unique visual demands of computer use. These lenses may
include features like increased depth of focus, reducing the need for frequent
focusing adjustments.
Contact
lenses are suitable for individuals with active lifestyles, including those who
engage in sports or physical activities where eyeglasses may be impractical.
This appeals to a demographic that values both clear vision and the flexibility
to pursue various activities. Digital device use is often associated with dry
eye symptoms. Certain contact lenses are designed with materials that retain
moisture well, helping to alleviate dryness and discomfort associated with
extended screen time. Colored and cosmetic contact lenses cater to individuals
who want to enhance or change their eye color, providing an aesthetic option
that complements digital device use, especially in social and professional
settings. Contact lenses offer a wide range of prescription options, including
toric lenses for astigmatism and multifocal lenses for presbyopia. This
flexibility accommodates the diverse vision correction needs of individuals who
use digital devices regularly. This factor will accelerate the demand of the UAE
Contact Lens Market.
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Key Market Challenges
Competition
from Alternatives
Traditional eyeglasses remain a strong
alternative to contact lenses. Some individuals may prefer eyeglasses for their
simplicity, ease of use, and lack of direct contact with the eyes. Fashion
trends and the availability of stylish frames also influence the choice between
eyeglasses and contact lenses. Surgical alternatives, such as LASIK (laser in
situ keratomileusis), offer a permanent solution to vision correction. While
LASIK is a one-time procedure that eliminates the need for daily contact
lenses, it may not be suitable for everyone due to factors like cost, surgical
risks, and personal preferences. Orthokeratology (Ortho-K) involves wearing
specially designed contact lenses overnight to reshape the cornea temporarily.
This method provides clear vision during the day without the need for
corrective lenses. It serves as an alternative for those who are not suitable
candidates for LASIK. Intraocular lens implants, typically used for cataract
surgery, can also provide vision correction. While this is a surgical option,
it competes with contact lenses in addressing certain refractive errors. Hybrid
contact lenses combine features of both rigid gas permeable (RGP) and soft
lenses. These lenses offer an alternative for individuals who may not find
traditional soft lenses suitable for their vision correction needs. Some
individuals may choose non-corrective eyewear, such as plano (non-prescription)
glasses or fashion sunglasses, as a style accessory rather than opting for
vision correction through contact lenses. Consumer behavior and personal
preferences play a crucial role in the choice between contact lenses and
alternatives. Factors such as comfort, convenience, and lifestyle
considerations influence the decision-making process.
Supply Chain Disruptions
Many
contact lens manufacturers source raw materials or components globally.
Disruptions in the supply chain, whether due to natural disasters, geopolitical
events, or health crises, can affect the timely procurement of essential
materials, impacting production. Efficient transportation is crucial for the
timely delivery of contact lenses from manufacturing facilities to distribution
centers and ultimately to retailers or end consumers. Disruptions in
transportation, such as shipping delays or restrictions, can hinder the smooth
flow of products. Any disruptions or delays in the manufacturing process,
whether caused by technical issues, labor shortages, or unforeseen events, can
result in a reduced output of contact lenses. This, in turn, affects the
overall supply available in the market. Maintaining consistent product quality
is essential in the contact lens industry. Disruptions in quality control
processes can lead to the rejection of batches, delaying the release of
products onto the market. Relying heavily on a single supplier for critical
components or materials increases vulnerability to supply chain disruptions.
Diversifying suppliers or having contingency plans in place can mitigate this
risk. Changes in regulatory requirements or compliance standards can impact the
manufacturing and distribution processes. Adapting to new regulations may
require adjustments, potentially leading to temporary disruptions.
Key Market Trends
Fashion and Cosmetic usage
Colored
contact lenses allow individuals to change or enhance the color of their eyes
for cosmetic purposes. This trend is popular among those who seek a temporary
or reversible change in their appearance. Colored lenses come in a variety of
shades, providing options for subtle or dramatic transformations. Some
individuals choose colored lenses that enhance their natural eye color rather
than completely changing it. This approach allows for a more subtle and nuanced
effect, emphasizing the existing beauty of the eyes. Fashion-oriented contact
lenses may feature intricate designs, patterns, or even special effects,
catering to individuals looking for a unique and eye-catching aesthetic. These
lenses go beyond simple color changes, offering artistic and creative options. Colored
and cosmetic contact lenses are often chosen for special occasions, events, or
cultural celebrations. Individuals may opt for lenses that complement their
attire or match the theme of an event. Influencers, celebrities, and social
media play a significant role in promoting fashion trends, including cosmetic
contact lenses. The visibility of these trends on platforms like Instagram and
TikTok can influence consumer choices and preferences. The availability of a
wide range of colored lenses allows for personal expression and customization.
Individuals can choose lenses based on their mood, fashion style, or the
overall look they want to achieve. Cultural preferences and fashion trends in
the UAE influence the popularity of specific colors and styles of contact
lenses. Manufacturers often take these cultural nuances into account when
designing and marketing their products.
Segmental Insights
Material Type Insights
In 2022, the UAE Contact Lens Market largest share was held by Hydrogel
segment and is predicted to continue expanding over the coming years. Hydrogel contact lenses are known for
their water content, which provides a high level of comfort for wearers. The
material can retain moisture, preventing dryness and discomfort commonly
associated with contact lens use. This comfort factor is a significant driver
of consumer preference. Hydrogel has been a well-established and widely used
material in the contact lens industry for many years. It has a proven track
record of safety and effectiveness, contributing to its continued popularity
among both practitioners and wearers. Hydrogel lenses are suitable for daily
wear, making them a convenient option for individuals who prefer a lens that
can be worn throughout the day and removed at night. This aligns with the
preferences of many contact lens users. Hydrogel lenses are available in
various replacement schedules, including daily, bi-weekly, and monthly. This
versatility allows consumers to choose lenses that align with their lifestyle
and preferences, contributing to the widespread adoption of hydrogel lenses. Hydrogel
lenses are often perceived as more cost-effective compared to certain advanced
materials. This affordability can make them an attractive option for a broad
segment of consumers, contributing to their larger market share.
Application Insights
In 2022, the UAE Contact Lens Market largest share was held by Corrective
segment and is predicted to continue expanding over the coming years. The Corrective segment primarily caters to individuals with
refractive errors such as myopia (near-sightedness), hyperopia
(farsightedness), astigmatism, and presbyopia. Since vision correction is a
common need among people, especially with the increasing use of digital
devices, there is a high demand for corrective contact lenses. A significant
percentage of the population requires vision correction due to refractive
errors. Corrective contact lenses are designed to address these specific vision
issues, making them a necessity for many individuals who do not want to rely on
eyeglasses. Increased awareness about the availability and benefits of
corrective contact lenses, along with improved accessibility through retail
stores and eye care professionals, can contribute to the segment's dominance.
As awareness grows, more individuals may choose contact lenses for vision
correction. Ongoing advancements in contact lens technology have resulted in
the development of highly effective and comfortable corrective lenses.
Innovations in materials and design have made contact lenses more appealing to
individuals seeking an alternative to traditional eyeglasses. While the
Corrective segment primarily addresses vision issues, there is an overlap with
cosmetic concerns. Many individuals prefer contact lenses over glasses for
aesthetic reasons, contributing to the popularity of corrective contact lenses.
Distribution
Channel Insights
In 2022, the UAE Contact Lens Market largest share was held by Retail Stores segment in the forecast period and is predicted to continue
expanding over the coming years. Retail
stores, especially well-established and reputable ones, often build trust among
consumers. Many people prefer to purchase contact lenses from physical stores
where they can receive personalized assistance, get their eyes checked, and
have a face-to-face interaction with optometrists or sales professionals. Retail
stores typically have on-site optometrists who can verify prescriptions and
ensure that customers are purchasing the correct lenses for their vision needs.
This prescription verification process is crucial for eye health and safety,
and consumers may feel more confident in getting it done in person. Retail
stores provide the advantage of immediate availability. Consumers can walk into
a store, get their prescription checked, and leave with the contact lenses they
need on the same day. This convenience can be particularly appealing for those
who require lenses urgently. Proper fitting is essential for comfort and vision
correction when it comes to contact lenses. Retail stores can offer
personalized fitting services, ensuring that customers find lenses that suit
their eyes and preferences. Retail stores often have prominent displays and
marketing materials, increasing the visibility of contact lens brands.
Consumers may be more inclined to purchase products they are familiar with or
have seen showcased in stores.
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Regional Insights
The Abu Dhabi region dominates
the UAE Contact Lens Market in 2022. Abu Dhabi has a higher population density
or a larger demographic of individuals who use contact lenses, it could
contribute to the dominance of the market in that region. Factors such as age
demographics and lifestyle preferences can significantly influence the demand
for contact lenses. Abu Dhabi is the capital and the wealthiest emirate in the
UAE. Higher disposable incomes in this region may lead to increased spending on
eyewear and contact lenses. Affluent consumers may be more willing to invest in
premium or specialty contact lenses, contributing to market dominance. The
presence of advanced healthcare facilities and a robust eye care infrastructure
in Abu Dhabi may enhance awareness and accessibility to eye care services,
including contact lenses. This can lead to a higher adoption rate in the
region. Urban areas often witness higher usage of contact lenses due to factors
such as a faster-paced lifestyle, greater exposure to digital screens, and
increased emphasis on appearance. If Abu Dhabi is more urbanized compared to
other regions, it might contribute to a higher demand for contact lenses.
Recent Developments
- 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.
Key Market Players
- Bausch & Lomb UAE
- Johnson & Johnson UAE
- Alcon UAE
- Carl Zeiss UAE
- CooperVision UAE
- EssilorLuxottica Group UAE
|
By Material Type
|
By Design
|
By Wear Type
|
By Application
|
By Distribution Channel
|
By Region
|
- Silicone hydrogel
- Hydrogel
- Gas permeable
- Others
|
- Spherical
- Toric
- Multifocal
- Others
|
|
- Corrective
- Therapeutic
- Cosmetic
- Others
|
- Retail Stores
- Hospitals & Clinics
- Online
|
- Dubai
- Abu Dhabi
- Sharjah
- Rest of UAE
|
Report Scope:
In this report, the
UAE Contact Lens Market has
been segmented into the following categories, in addition to the industry
trends which have also been detailed below:
- Contact Lens Market, By Material Type:
o Silicone hydrogel
o Hydrogel
o Gas permeable
o Others
- Contact Lens Market, By Design:
o Spherical
o Toric
o Multifocal
o Others
- Contact Lens Market, By Wear Type:
o Disposable
o Reusable
·
Contact Lens Market, By Application:
o Corrective
o Therapeutic
o Cosmetic
o Others
- Contact Lens Market, By Distribution Channel:
o Retail Stores
o Hospitals & Clinics
o Online
- Contact
Lens Market, By region:
o
Dubai
o
Abu
Dhabi
o
Sharjah
o
Rest
of UAE
Competitive
Landscape
Company
Profiles: Detailed
analysis of the major companies present in the UAE Contact
Lens Market.
Available Customizations:
UAE Contact
Lens Market report with the given market data, Tech
Sci 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]