The GCC contact lens industry size reached a valuation of USD 227.1 million in 2023. Demand for contact lenses is anticipated to record a y-o-y growth of 6.2% in 2024.The industry is expected to reach USD 241.1 million by 2024. Over the projection period 2024 to 2034.
Growth of the GCC contact lens industry is projected to remain high, and it is set to attain a valuation of about USD 452.6 million by the end of 2034. The industry will likely expand at a CAGR of 6.5% in the estimated period.
The GCC contact lens industry displays a robust and evolving landscape driven by factors such as increasing awareness of eye health, lifestyle changes, and technological advancements. With an emphasis on vision correction and aesthetic appeal, the industry is expected to rise.
The industry is projected to witness notable participation from key players such as Johnson & Johnson, Alcon, and Bausch + Lomb. The growth is set to be supported by rising demand for eye care products like daily disposable lenses due to their convenience and hygiene benefits.
Specialized lenses catering to conditions such as astigmatism and presbyopia are further expected to contribute to the industry expansion. The region's growing urbanization, coupled with a desire for convenience and aesthetics, also propels the adoption of lenses among users.
Government initiatives promoting eye health and accessibility to vision correction aids further play a significant role in fostering growth. Additionally, advancements in material technology and the introduction of innovative designs are projected to augment the adoption of eye care products in the GCC.
Attributes | Key Insights |
---|---|
GCC Contact Lens Industry Anticipated Size (2023A) | USD 227.1 million |
GCC Contact Lens Industry Estimated Size (2024E) | USD 241.1 million |
GCC Contact Lens Industry Projected Valuation (2034F) | USD 452.6 million |
GCC Contact Lens Industry Value-based CAGR (2024 to 2034) | 6.5% |
The GCC contact lens industry experienced steady growth in the historical period from 2019 to 2023. The industry expanded at a CAGR of 4.7% during the same period. This was attributed to increased awareness of vision correction methods, technological advancements in lens materials, and a growing preference for alternatives to traditional vision correction products like eyeglasses.
Historical CAGR (2019 to 2023) | 4.7% |
---|---|
Forecast CAGR (2024 to 2034) | 6.5% |
There is a notable rise in the demand for disposable and silicone hydrogel lenses due to their comfort and convenience. However, the GCC contact lens industry report anticipates a significant surge in sales owing to a more widespread acceptance of contact lenses as a lifestyle choice and advancements in smart contact lens technology.
Innovations such as augmented reality (AR)-based lenses and continuous glucose monitoring lenses are poised to revolutionize the market. These products are set to cater to vision correction needs and help companies expand into new health monitoring applications.
Targeted marketing and improved accessibility are two crucial factors pushing contact lens sales across the GCC. The rising aging population opting for multifocal and presbyopia-correcting lenses is further anticipated to fuel the exponential growth in the GCC contact lens industry through 2034. The aforementioned factors are estimated to propel the industry to exhibit a 6.5% CAGR in the forecast period.
Growing Awareness of Eye Health and Vision Care
The GCC has witnessed a notable shift in consumer behavior, with more individuals opting for contact lenses as an alternative to traditional eyeglasses. Factors such as rising disposable income, evolving eyewear industry trends favoring a more aesthetic appeal, and the convenience of contact lenses have spurred their adoption across diverse demographics.
The GCC's warm climate, coupled with an active lifestyle, has further propelled the preference for contact lenses, as they offer great ease during outdoor activities and sports.
The growing understanding of the importance of regular eye check-ups is projected to drive the optical lens industry. Besides, the need for corrective measures for refractive errors or vision-related issues is also set to play a pivotal role in pushing the adoption of contact lenses in the region.
For instance, in 2021, the Qatari Ministry of Public Health introduced the Qatar National Eye Health Strategy. The strategy aims to reduce the prevalence of preventable vision impairment in Qatar by 25% by 2030. The strategy includes a high focus on promoting the use of contact lenses as a safe and effective vision correction option.
Applications of Specialty Contact Lenses in Therapeutic and Cosmetic Segments
In the therapeutic realm, specialty lenses are increasingly prescribed for conditions such as keratoconus, irregular astigmatism, and post-surgical corneal irregularities. These are expected to offer improved visual acuity and comfort for patients.
The cosmetic use of specialty lenses for color enhancement or change has gained popularity, catering to consumers seeking personalized and aesthetically pleasing options. The convergence of advanced technologies, such as custom designs and materials, has further propelled the industry.
It has been providing practitioners and end-users with innovative solutions that address a diverse range of vision-related needs. The versatility and expanding applications of specialty contact lenses continue to fuel their adoption, driving positive momentum in the GCC therapeutic contact lens industry.
Geographic Expansion into Untapped and Emerging Areas
Geographic expansion into untapped and emerging areas across the GCC presents an enticing opportunity for manufacturers and distributors. With a burgeoning population and increasing awareness of eye health & vision correction, the GCC eyewear industry offers substantial growth potential. Penetrating these untapped areas allows manufacturers and distributors to tap into a demographic that values convenience and lifestyle choices.
The region's inclination toward technological advancements, coupled with rising disposable income, underscores the appeal of innovative and comfortable contact lens solutions. Strategic entry and expansion efforts across these emerging areas are set to lead to the establishment of a brand presence.
It is further estimated to result in the development of consumer trust and capitalization on the evolving preferences of the region's consumers. The above-mentioned factors are expected to help in fostering long-term growth and leadership in the GCC contact lens industry.
The section below highlights the CAGRs of the leading countries in the GCC ophthalmic equipment industry. The three main countries pushing contact lens demand include Bahrain, Kuwait, and the United Arab Emirates.
According to the analysis, Bahrain is set to lead the GCC contact lens industry by showcasing a CAGR of 12.2% in the forecast period. The country is anticipated to be followed by Kuwait and the United Arab Emirates, with CAGRs of 9.4% and 6.8%, respectively.
Country | CAGR (2024 to 2034) |
---|---|
United Arab Emirates | 6.8% |
Kingdom of Saudi Arabia | 4.0% |
Bahrain | 12.2% |
Qatar | 5.2% |
Kuwait | 9.4% |
Several parameters contribute to driving the sales of contact lenses in the United Arab Emirates (UAE). The country is anticipated to witness a CAGR of 6.8% in the assessment period.
The growth of the contact lens industry in Qatar is propelled by several key factors shaping consumer preferences and market dynamics. They are:
The below section shows the GCC contact lens industry analysis in terms of product type, design, and sale channel. The gas permeable segment is expected to lead the GCC contact lens industry based on product type. It is set to exhibit a CAGR of around 7.1% through 2034.
Based on the design type, the cosmetic segment is anticipated to showcase a dominant CAGR of 12.3% by 2034. By sales channel, the luxury boutique segment is expected to exhibit a CAGR of 9.2% from 2024 to 2034 in the GCC contact lens industry.
Market Growth Outlook by Product Type
Product Type | Gas Permeable |
---|---|
CAGR (2024 to 2034) | 7.1% |
In terms of product type, the gas permeable category is expected to register a significant CAGR of 7.1% during the forecast period. This growth is attributed to the following factors:
Market Growth Outlook by Key Design Type
Design Type | Cosmetic |
---|---|
CAGR (2024 to 2034) | 12.3% |
In terms of design type, the cosmetic segment is expected to exhibit a 12.3% CAGR through 2034 due to its strong consumer orientation. Other factors pushing their demand in the GCC contact lens industry include:
Market Growth Outlook by Key Sales Channel
Sales Channel | Luxury Boutiques |
---|---|
CAGR (2024 to 2034) | 9.2% |
In terms of sales channels, luxury boutiques are significant in the GCC contact lens industry. The segment is expected to showcase a CAGR of 9.2% from 2024 to 2034. A handful of factors augmenting the segment’s growth are:
The GCC contact lens industry presents a competitive landscape characterized by a mix of established international players and regional eyewear brands. They are striving to cater to diverse consumer preferences and eye care needs in the region.
Leading global companies such as Johnson & Johnson Vision Care, Contamac, and Bausch + Lomb dominate the region due to their extensive product portfolios, technological advancements, and strong distribution networks. Regional players such as Yateem Opticians, Al-Manara Optical, and Muscat Optical have a significant presence, leveraging their local market understanding, customer service, and strategic partnerships.
The competitive landscape of the optical lens industry in Gulf countries is characterized by continuous innovation in lens materials, comfort, and designs. It also witnesses new marketing strategies and a growing emphasis on online sales channels to reach a wide consumer base across the GCC countries.
For instance,
Attribute | Details |
---|---|
GCC Contact Lens Industry Value in 2024 | USD 241.1 million |
GCC Contact Lens Industry Value in 2034 | USD 452.6 million |
Anticipated Growth Rate of GCC Contact Lens Industry (2024 to 2034) | 6.5% |
Forecast Period | 2024 to 2034 |
Historical Data Available for | 2019 to 2023 |
GCC Contact Lens Industry Analysis | USD million for Value |
Key Regions Covered | GCC |
Key Countries Covered | United Arab Emirates, Kingdom of Saudi Arabia, Oman, Qatar, Kuwait |
Key Segments Covered | Product Type, Design Type, Usage, Material, Sales Channel |
Key Companies Profiled in GCC Contact Lens Industry Report | Johnsons & Johnsons; Bausch + Lomb; BENQ MATERIALS CORPORATION; Contamac; COOPERVISION, INC. (CooperCompanies); EssilorLuxottica; HOYA; Johnson & Johnson Vision Care, Inc.; MPG Optical; Al-Manara Optical; Kanoo Opticals; Yateem Opticians; Muscat Optical; Other Players (As Requested) |
Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, Drivers, Restraints, Opportunities, and Trends Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
Table 1: GCC Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 2: GCC Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 3: GCC Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 4: GCC Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 5: GCC Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 6: GCC Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 7: GCC Industry Value (US$ million) Analysis By Country, 2019 to 2034
Table 8: GCC Industry Volume (US$ million) Analysis By Country, 2019 to 2034
Table 9: United Arab Emirates Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 10: United Arab Emirates Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 11: United Arab Emirates Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 12: United Arab Emirates Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 13: United Arab Emirates Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 14: United Arab Emirates Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 15: Kingdom of Saudi Arabia Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 16: Kingdom of Saudi Arabia Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 17: Kingdom of Saudi Arabia Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 18: Kingdom of Saudi Arabia Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 19: Kingdom of Saudi Arabia Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 20: Kingdom of Saudi Arabia Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 21: Oman Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 22: Oman Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 23: Oman Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 24: Oman Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 25: Oman Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 26: Oman Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 27: Qatar Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 28: Qatar Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 29: Qatar Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 30: Qatar Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 31: Qatar Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 32: Qatar Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 33: Kuwait Industry Value (US$ million) Analysis By Product Type, 2019 to 2034
Table 34: Kuwait Industry Volume (US$ million) Analysis By Product Type, 2019 to 2034
Table 35: Kuwait Industry Value (US$ million) Analysis By Design Type, 2019 to 2034
Table 36: Kuwait Industry Volume (US$ million) Analysis By Design Type, 2019 to 2034
Table 37: Kuwait Industry Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Table 38: Kuwait Industry Volume (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 01: GCC Value (US$ million) Analysis, 2019 to 2023
Figure 02: GCC Value (US$ million) Forecast, 2024 to 2034
Figure 03: GCC Volume (US$ million) Analysis, 2019 to 2023
Figure 04: GCC Volume (US$ million) Forecast, 2024 to 2034
Figure 05: GCC Absolute $ Opportunity Value (US$ million), 2024 to 2034
Figure 06: GCC Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 07: GCC Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 08: GCC Attractiveness By Product Type, 2024 to 2034
Figure 09: GCC Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 10: GCC Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 11: GCC Attractiveness By Design Type, 2024 to 2034
Figure 12: GCC Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 13: GCC Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 14: GCC Attractiveness By Sales Channel, 2024 to 2034
Figure 15: GCC Value (US$ million) Analysis By Country, 2019 to 2034
Figure 16: GCC Y-o-Y Growth (%) Projections, By Country, 2024 to 2034
Figure 17: GCC Attractiveness By Country, 2024 to 2034
Figure 18: United Arab Emirates Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 19: United Arab Emirates Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 20: United Arab Emirates Attractiveness By Product Type, 2024 to 2034
Figure 21: United Arab Emirates Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 22: United Arab Emirates Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 23: United Arab Emirates Attractiveness By Design Type, 2024 to 2034
Figure 24: United Arab Emirates Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 25: United Arab Emirates Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 26: United Arab Emirates Attractiveness By Sales Channel, 2024 to 2034
Figure 27: Kingdom of Saudi Arabia Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 28: Kingdom of Saudi Arabia Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 29: Kingdom of Saudi Arabia Attractiveness By Product Type, 2024 to 2034
Figure 30: Kingdom of Saudi Arabia Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 31: Kingdom of Saudi Arabia Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 32: Kingdom of Saudi Arabia Attractiveness By Design Type, 2024 to 2034
Figure 33: Kingdom of Saudi Arabia Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 34: Kingdom of Saudi Arabia Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 35: Kingdom of Saudi Arabia Attractiveness By Sales Channel, 2024 to 2034
Figure 36: Oman Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 37: Oman Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 38: Oman Attractiveness By Product Type, 2024 to 2034
Figure 39: Oman Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 40: Oman Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 41: Oman Attractiveness By Design Type, 2024 to 2034
Figure 42: Oman Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 43: Oman Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 44: Oman Attractiveness By Sales Channel, 2024 to 2034
Figure 45: Qatar Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 46: Qatar Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 47: Qatar Attractiveness By Product Type, 2024 to 2034
Figure 48: Qatar Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 49: Qatar Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 50: Qatar Attractiveness By Design Type, 2024 to 2034
Figure 51: Qatar Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 52: Qatar Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 53: Qatar Attractiveness By Sales Channel, 2024 to 2034
Figure 54: Kuwait Value (US$ million) Analysis By Product Type, 2019 to 2034
Figure 55: Kuwait Y-o-Y Growth (%) Projections, By Product Type, 2024 to 2034
Figure 56: Kuwait Attractiveness By Product Type, 2024 to 2034
Figure 57: Kuwait Value (US$ million) Analysis By Design Type, 2019 to 2034
Figure 58: Kuwait Y-o-Y Growth (%) Projections, By Design Type, 2024 to 2034
Figure 59: Kuwait Attractiveness By Design Type, 2024 to 2034
Figure 60: Kuwait Value (US$ million) Analysis By Sales Channel, 2019 to 2034
Figure 61: Kuwait Y-o-Y Growth (%) Projections, By Sales Channel, 2024 to 2034
Figure 62: Kuwait Attractiveness By Sales Channel, 2024 to 2034
The GCC contact lens industry reached USD 227.1 million in 2023.
Acuvue is considered the best brand of contact lenses.
Bausch & Lomb is best for contact lenses.
Bausch & Lomb is one of the largest suppliers of contact lenses.
The GCC contact lens industry is set to reach USD 452.6 million by 2034.
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