Advancing eye care facility is driving the growth of Saudi Arabia Contact Lens Market in the forecast period, 2022-2026.
Kingdom of Saudi Arabia is supporting and evolving the healthcare industry with advanced technology and extended research and the factor is driving the growth of the market. Moreover, rising geriatric population of the country along with the young population inclined towards prolonged screen exposure like smart phones, laptops, televisions etc. is further expected to substantiate the growth of the market in the next five years. Additionally, the market growth is heavily dependent upon media influences and recent trends of multicolor contact lenses that are used by models, actors, entertainers, etc.
The growing adoption of laser eye surgery or laser vision correction, a type of refractive surgery for the treatment of myopia, hypermyopia, astigmatism, among others, is expected to negatively influence the market growth of the contact lenses, since people are opting for laser eye surgeries and getting their vision or eye related problems corrected rather than using contact lenses. In addition to this, the lack of trained healthcare professionals (this includes ophthalmologists, opticians, among others) in the country can restrict the market growth over the next few years. Since, the number of skilled professionals is less, or proper facilities are not provided, the growth of the overall contact lenses market in Saudi Arabia is expected to get affected.
Browse over 32 market data Figures spread through 88 Pages and an in-depth TOC on "Saudi Arabia Contact lens Market"
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The Saudi Arabia contact lens market is segmented by material type, design, wear type, application, distribution channel, competitional landscape, and regional distribution. Based on design, the Saudi Arabia contact lenses market can be split into spherical, toric, multifocal and others. The spherical segment is expected to dominate the market through 2026 on account of its widespread adoption by optometrists and patients for the treatment of different ocular problems such as myopia, hypermetropia, among others. While the toric segment is expected to register significant growth during the forecast period on account of associated benefits with toric design such as ease of use, comfort in wearing and greater lens to lens reproducibility.
The applications of contact lenses can be fragmented as corrective, therapeutic, cosmetics and others. The corrective segment is expected to grow in the coming years on account of its widespread use in correcting and treating different vision impairment problems. While therapeutic segment is expected to grow significantly during forecast period on account of use of contact lenses in corneal healing, ocular pain relief, among others. The cosmetics segment dominates the market on account of the extensive use of contact lenses for improving the aesthetic appeal of eyes. Also, the colored contact lenses are being majorly used by the young generation and entertainment industry, thereby supporting the segmental growth.
The major companies operating in Saudi Arabia contact lens market includes Al-Jamil Optical Co., CooperVision, Inc., EssilorLuxottica SA, Alcon Inc., Johnson & Johnson, among others. The market is being dominated by players such as Johnson & Johnson and Alcon, Inc who are operating in the market since long. All the distributors/suppliers are having the contact lenses of these brands. Additionally, the contact lenses of these brands are available on all the online platforms also. These companies are bringing their newly launched products across Saudi Arabia to stay competitive in the market and are having an edge over other players in the market. The market also consists of various local brands such Tutti, among others.
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“Research and technological advancement for the best available product manufacturing is going to be a golden rule for the growing and expanding contact lens market in Saudi Arabia. The consumers in need of healthcare facility for the best possible eyecare is further anticipated to drive the market growth. New market players are advised to study the market thoroughly. The product demand is ever evolving therefore they must invest in the advanced material for the contact lens, that is aesthetically pleasing like multi-color lenses as well as advanced technology and satisfy the consumer demands,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“Saudi Arabia Contact Lens Market By Material Type (Silicone Hydrogel, Hydrogel, Gas permeable, Others), By Design (Spherical, Toric, Multifocal, Others), By Wear Type (Reusable v/s Disposable), By Application (Cosmetics, Corrective, Therapeutic, Others), By Distribution Channel (Optical Stores, Beauty Centers, Online (Hospital & Clinics), Pharmacies, Stand Alone Pharmacies), By Region, Competition Forecast & Opportunities, 2026,,” has evaluated the future growth potential of Saudi Arabia contact lens market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia contact lens market.
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