GCC Contact Lens Market - Industry Trends and Forecast to 2026
MarkNtel Advisors, a prominent market research firm, has recently published a report titledGCC Contact Lens Market: Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2021-2026. This study offers an in-depth examination of the industry, encompassing GCC Contact Lens market share, size, trends, and growth predictions. Additionally, the report features an analysis of competitors and regions while spotlighting the most recent developments in the market.
GCC Contact Lens Reports Highlights
What is the size of the GCC Contact Lens Market?
The GCC Contact Lenses market is projected to grow at a CAGR of 4.42% during the forecast period, 2022-27. Some crucial factors responsible for the market growth are the high prevalence of eyesight disorders diseases leading to weak eyesight has catalyzed the demand for contact lenses. In addition, the growing geriatric population across the region with the rapid occurrence of age-related diseases has further propelled the demand for contact lenses in the region. On the other hand, the inclination of the younger population, from using spectacles to contact lenses, due to their appealing look and a range of color options has stimulated the demand for contact lenses to a greater extent.
What do the growth prospects and trends look like in the GCC Contact Lens Industry?
The growing geriatric population across the GCC region has increased the risks of individuals with underlying eye disorders, such as myopia, hypermetropia, diabetic macular edema, cataracts, and glaucoma, among various others. This has elevated the requirement for corrective contact lenses for the elderly population, thereby augmenting the sales of contact lenses in the region. Further, the governmental pension relief retirement schemes, such as retirement in Dubai, etc., along with the low medical treatment costs mandatory health insurance for elderly individuals expatriates, have magnified the population in the region. As a result, the demand for contact lenses has been propelled notably during the historical period.
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What Components are encompassed within GCC Contact Lens Market segmentation?
The report has divided the market into the following segments:
By Material Type
-Soft Contact Lenses
-Silicone Hydrogel
-Hydrogel
-Hard Contact Lenses
-Rigid Gas-Permeable Lenses (RGP)
-Polymethyl Methacrylate (PMMA)
-Hybrid Contact Lenses
By Design
-Spherical
-Toric
-Multifocal
-Others (Monovision, Color lenses, etc.)
By Usability
-Reusable
-Disposable
By Application
-Cosmetics
-Corrective
-Others (Prosthetic, Orthokeratology, etc.)
By Sales Channel
-Offline
-Optical Stores
-Hospital Clinics
-Others (Pharmacies, Beauty Centres, etc.)
-Online
-Company-owned Portals
-E-commerce Platforms
By Country
-The UAE
-Saudi Arabia
-Bahrain
-Kuwait
-Oman
-Qatar.
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Who are the Primary Companies or Entities active in the Industry?
The report covers the major market players including:
-Johnson Johnson Middle East FZ-LLC
-Bausch + Lomb
-CooperVision
-Hydrogel Vision Corp.
-Abbott Medical Optics Inc.
-Alcon Laboratories Inc.
-Carl Zeiss Middle East North Africa FZE
-CIBA Vision
-Essilor International
-Contamac
-Others.
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Our specialization in niche industries emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing forecasting, trend analysis, among others, for 15 diverse industrial verticals.
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