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
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 eyesight corrective products that are aesthetic too. Increasing demand for disposable contact lenses also aids the growth of the UAE contact lens market in the upcoming five years. The 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 are rapidly increasing worldwide. The population of UAE is also suffering from nearsightedness and high myopia and thus the demand for corrective contact lenses is 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 for about 2584 million people. The use of contact lenses to correct eyesight has ever since increased.
About 1,60,000 people used contact lenses in the country in 2017, which accounted for 5% of the rural population and 10% of the urban population. The usage of contact lenses 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 contact lenses have increased rapidly in the past few years. Although the population also suffers from contact lenses due to their negligence toward contact lens uses and regular cleaning and wearing protocols. Moreover, the 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 the common population further demands aesthetic contact lenses following their idols that increase the demands.
Although the expert's advice is to avoid buying colored contact lenses from random over-the-counter stores. Contact lenses should be made with precise measurements. The counter, products cause corneal abrasions. Moreover, regular cleaning by an ophthalmologist to clear protein deposits that collect on the surface of the contact lens would prolong the product and avoid cases of corneal abrasions.
Expanding Healthcare Industry Supports Market Growth
The growing healthcare industry in the country is a major driver that supports the growth of medical devices, equipment, tools, etc. like a contact lenses. Growing investments in the sector along with the technological advancement in contact lenses further aid the growth of the UAE contact lens market in the upcoming five years. Advancements like the use of a soft lens to treat eyesight problems due to high astigmatism have driven market growth.
Also, for Keratoconus, soft lenses made of special polymer polymethylmethaacetate, which allows for more stability and greater precision, have been devised. Contact lenses for cataract surgery for aphakia which is a condition where intraocular lenses haven't been fitted are some of the major technological advancements in the contact lenses used for the treatment of various eye conditions.
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, and 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.
Report Scope:
In this report, UAE contact lens market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
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