GCC Contact Lens Market Comprehensive Analysis and Forecast 2022 to 2027
GCC Contact Lens Market Overview: 2022-2027
Base Year: 2021
Historical Years: 2017-20
Forecast Years: 2022-2027
The GCC Contact Lenses market is projected to grow at a CAGR of 4.42% during the forecast period, 2022-27. The GCC Contact Lens Market is going through significant growth due to multiple drivers like technological advancements and, of course, increasing healthcare needs. The increase in road accidents throughout the country creates a greater demand for X-rays.
Markntel Advisor’s GCC Contact Lens Market Insights report provides the current and forecast market analysis, individual leading companies' market shares, challenges, GCC Contact Lens Market drivers, barriers, GCC Contact Lens Market Trends, and Key Players in GCC Contact Lens Market.
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GCC Contact Lens Market Dynamics: 2022-2027
Market Dynamics:
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.
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GCC Contact Lens Market (2022-30): Segmentation Outlook
The market report has segmented the market into the following categories:
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.
Note - If there are any particular details you need that are not currently included in the report, we will be happy to provide them as part of our customization services.
Top Companies Operating in the GCC Contact Lens Market:
(Johnson & Johnson Middle East FZ-LLC,Bausch + Lomb, CooperVision, Hydrogel Vision Corp., Abbott Medical Optics Inc., Alcon Laboratories Inc Other.
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