Advancing Healthcare Leading to Contact Lens Market Enlargement Across GCC

The GCC Contact Lens Market Analysis, 2022, by MarkNtel Advisors presents a well-researched, detail-driven, and accurate study for the stakeholders. This analysis entails prominent aspects like trends, & recent developments, drivers, opportunities, challenges, & restraints, among other parameters, influencing the overall industry expansion across different locations. 

According to GCC Contact Lens Market Research Report: Forecast (2022-2027), "The market is projected to grow at a CAGR of 4.42% during the forecast period, 2022-27. The growth is aided by the prevalence of eyesight disorders and diseases leading to weak eyesight, the growing geriatric population across the region, and rising cases of diabetes, high blood pressure, etc., catalyzing the demand for contact lenses.

Moreover, due to their appealing look and range of colors, the young population inclination toward using contact lenses. Furthermore, mandatory healthcare in some countries of the region has increased the number of patients getting treatment, leading to increase demand and growth of the industry."

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Segmentation & Regional Analysis

The GCC Contact Lens Market is highly fragmented and comprises various bifurcations. These sections cover information on opportunities & challenges faced by the players, fluctuations in the demand, supply, revenue generation, size, sales, profits, volume, & price, among other parameters, to help stakeholders attain an overview of the external factors influencing the industry expansion. The GCC Contact Lens Market bifurcates into the following segmentations:

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

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Soft Contact Lenses Witnessed Maximum Adoption, Among Others

 "Soft Contact Lenses experienced considerable growth during 2017-21 and are expected to continue the trend in the forecast period. The growth is attributed to the flexibility and easy adaptability to the eyes, along with higher comfort, aided by the silicone hydrogel material used in its manufacturing. Additionally, the material allowing oxygen to pass through the lenses, resulting in reducing dryness and itching in the eyes, would further accelerate the market growth.", states the research report.

Saudi Arabia's Elevated Healthcare Standards Pushing the Demand for Contact Lenses

"Of all countries in GCC, Saudi Arabia portrays noticeable market growth in the historic period due to the increasing prevalence of ocular diseases and eye injuries. Additionally, the robust and advanced healthcare system aiming at better healthcare stimulates the demand for contact lenses for corrective eyesight. Moreover, the increasing technological advancements and research among the leading market players are further escalating market growth.", cites the research report by Markntel Advisors.

Competitive Analysis 

The researchers at Markntel Advisors have rigorously profiled each company operating in the industry, offering insights to the stakeholders about the competition and allowing them to strategize their tactics using the data put together in the report. This information comprises the recent developments, mergers & acquisitions, product/service launches, expansion plans, & opportunities utilized to attain revenue, alongside the role & participation of the governments and more. The prominent players profiled in the report include 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 and Others.

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Customization Services 

To avail exciting offers & customization services on the report, reach out to MarkNtel Advisors and get a personalized analysis of the GCC Contact Lens Market. Out researchers compile data for the stakeholders, incorporating all the prominent aspects influencing the industry expansion alongside the particular chapters requested. This detail-driven, unbiased, and accurate data on grounds curating the fundamentals underlying the market potential & lucrative opportunities shall benefit the investors in numerous ways in the future.

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