UAE Contact Lens Market is anticipated to grow with increasing investments in the healthcare advancements, in the forecast period, 2023-2027F.
According to TechSci report on, “UAE Contact Lens Market – By Region, Competition Forecast & Opportunities, 2027”, UAE contact lens market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like increasing demand for the contact lens to help with ocular disorders. Increasing instances of ocular diseases and other diseases like myopia, high myopia, astigmatism, hypermetropia, further drives the growth of the UAE contact lens market in the upcoming five years. Complicated diseases like Keratoconus that is a genetic disorder and Anisometropia that is a complication where the refraction in both eyes is different and requires differential lenses in both the eyes. Achieving such requirements is more feasible in contact lens over the glasses thereby aiding the market growth. Moreover, rising disposable income among the population and their tendency toward spending on healthcare further facilitates the growth of the UAE contact lens in the next five years. Also, poor habits of excessive usage of smart phones, laptops, television and its screen timings weaken the eye sight among the population. Children, young adults, adults are highly inclined toward use of the electronic devices and thus aid the growth of the UAE contact lens market in the future five years. Growing preference for contact lenses over the prescription eyeglasses due to changing trends and beauty standards is also accelerating the growth of the market in the recent years. Cosmetic application of the contact lenses has surged in the recent past. Growing influence from the professionals like models, actors etc. and the tendency of the consumers to follow the similar fashion also substantiates the growth of the UAE contact lens market in the forecast years through 2027.
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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. Silicone hydrogel segment is anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years on grounds of its use in manufacturing of soft lenses. Soft lenses are higher in demand and have the advantages over the hard lenses thereby aiding the growth of the segment. The lenses made of silicon hydrogel have easy adaptability to eye along with higher comfort since the material is quite flexible and soft plastic that easily spreads over the eye lens. Moreover, the material allows large amount of oxygen to pass through thereby increasing comfort by reducing dryness and itching in the eyes.
By design, the market is fragmented into spherical, toric, multifocal, and others. Spherical designs are anticipated to hold the largest revenue share of the market and lead the market segment in the next five years due to larger peripheral vision for the consumers. Also, growing occurrence of myopia and high adoption rate of these lenses by optometrists and patients further aid the growth of the UAE contact lens market in the future five years. These lenses are characterized for their contrast sensitivity, and reduced blurring of the vision. 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.
A partial list of major market players of the UAE contact lens market includes :
- Bausch & Lomb UAE
- Johnson & Johnson UAE
- Alcon UAE
- Carl Zeiss UAE
- CooperVision UAE
- EssilorLuxottica Group UAE
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“Expanding healthcare industry and growing investment in the sector facilitates the growth of the market. In the recent years, cosmetic applications of the contact lens have increased. Use of the colored lens for the aesthetic looks, by professionals and the keen follow up by the common users aids the market growth. Favorable government initiatives and high end investment from the government toward research, product development advancing innovative products and their imports further aids the market growth. New market players would benefit in increasing the investment in the research and product development to launch new innovative products that would support their brand establishment,” 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 v/s Reusable), By Application (Corrective, Therapeutic, Cosmetic, Others), By Distribution Channel (Retail Stores, Hospitals & Clinics, Online), By Region, Competition Forecast & Opportunities, 2027” 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 cutting-edge 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.
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