GCC Contact Lens Market Insights, Share & Growth Trends 2022-27

Overview of the GCC Contact Lens Market: Key Statistics and Trends:

According to the latest report by MarkNtel Advisors, titled “GCC Contact Lens Market By Material Type (Soft Contact Lenses, Hard Contact Lenses, 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, Online), The GCC Contact Lenses market is projected to grow at a CAGR of 4.42% during the forecast period, 2022-27. The report provides a thorough analysis of the market, covering competitor dynamics, regional insights, and a detailed breakdown of industry segments.

GCC Contact Lens Market Growth and Scope:

Base Year: 2021

Forecast Period: 2022-27

Historical Data: 2017-20

CAGR (2022-2027): 4.42%

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Key Driver: Burgeoning Geriatric Population Across the Region to Escalate the Market Growth

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.

A Comprehensive Analysis of Leading Companies of GCC Contact Lens Market by MarkNtel Advisors:

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

Key GCC Contact Lens Market Segmentation:

Explore Our Comprehensive Study: https://www.marknteladvisors.com/research-library/gcc-contact-lens-market.html

-By Material Type

Soft Contact Lenses
Hard Contact Lenses
Hybrid Contact Lenses

Of them all, the demand for Soft Contact Lenses experienced considerable growth during 2017-21. The factors responsible for the market growth are the high usage of silicone hydrogel material for the manufacturing of soft contact lenses.

-By Design

Spherical
Toric
Multifocal
Others (Monovision, Color lenses, etc.)

Here, Spherical Contact Lenses have grabbed a considerable share in the GCC Contact Lenses market during the historical period due to their design flexibility that allows them to bend in any direction, i.e.,

-By Usability

Reusable
Disposable

-By Application

Cosmetics
Corrective
Others (Prosthetic, Orthokeratology, etc.)

-By Sales Channel

Offline
Online

Geographical Analysis

-By Country

The UAE
Saudi Arabia
Bahrain
Kuwait
Oman
Qatar

Of all the countries in the GCC, Saudi Arabia has been portraying a noticeable market growth since 2017 due to the increasing prevalence of ocular diseases burgeoning incidences of eye injuries among its populace.

Key Reports Highlights:

Market Dimensions Projections
Pricing Evaluation,
Recent Strategic Moves by Companies,
Primary Stakeholders,
Analysis of Import and Export Trends,
Competitive Landscape Assessment,
Emerging Opportunities,
Market Trends and Indicators

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Key Advantages of the Report by MarkNtel Advisors:

Accurate Revenue Projections: The report provides precise revenue estimates for the market and its key sub segments, benefiting both market leaders and new entrants.
Strategic Insights for Stakeholders: By understanding the competitive landscape, stakeholders can strategically position their businesses and develop effective go-to-market strategies.
Comprehensive Market Dynamics Analysis: The report offers valuable insights into the key drivers, restraints, challenges, and opportunities within the market, helping stakeholders make well-informed decisions.

Note: If you need additional information not included in the report, we can customize it to suit your requirements.

About Us –

MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative quantitative research company, strive to deliver data to a substantial varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.

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