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Pulished Date April, 2021
ID: 1619
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Middle East & Africa Contact Lenses Market Research Report – Segmented By Material, Application, Design, Country (KSA, UAE, Israel, rest of GCC countries, South Africa, Ethiopia, Kenya, Egypt, Sudan, rest of MEA) - Industry Analysis on Size, Share, Trends & Growth Forecast (2021 to 2026)

Pulished: April, 2021
ID: 1619
Pages: 145

MEA Contact Lenses Market Size (2021 to 2026)

The size of the Contact Lenses Market in the Middle East and Africa is projected to be USD 1.26 billion by 2026 from USD 1.02 billion in 2021, growing at a CAGR of 4.30% during the forecast period.

Contact lenses are also designed to treat visual disorders such as myopia, astigmatism, glaucoma, and presbyopia. In the Middle East and Africa, the focus on developing new devices in the medical sector is growing at an impressive rate.

Growing awareness over the use of contact lenses and their benefits, increasing incidences of visual impairment, an increasing number of people with cataracts are rising across the region, which are the significant causes driving the contact lenses market growth in the Middle East and Africa. Escalating expenditure on healthcare, along with growing disposable income in both developed and developing countries and trends towards contact lenses rather than prescribed eyeglasses, are further fuelling the MEA contact lenses market growth. Additionally, increasing support from the government by introducing reimbursement schemes in favor of ordinary people and creating popularity through campaigns and digital advertisements are magnifying the market's growth rate in this region.

However, fluctuations in the production rate due to the rising manufacturing cost of lenses are slowly hampering the market demand in this region. The shortage of skilled labor in manufacturing accurate contact lenses is additionally restraining the growth rate of the contact lenses market in the Middle East and Africa. Growing prevalence of laser treatment procedures for a permanent solution is also degrading the demand of the market. Besides, less knowledge in manufacturing the latest designs remains a challenging factor for market growth.

This research report on the MEA contact lenses market has been segmented & sub-segmented into the following categories:

By Material:

  • Soft Contact Lenses
  • Silicone Hydrogel Lenses
  • Rigid Gas Permeable (RGP) Contact Lenses
  • Hybrid Contact Lenses
  • Polymethyl Methacrylate (PMMA) Contact Lenses

By Application: 

  • Therapeutic Contact Lenses
  • Cosmetic Contact Lenses
  • Corrective Contact Lenses
  • Prosthetic Contact Lenses

By Design: 

  • Spherical
  • Bifocal
  • Orthokeratology
  • Toric

By Country: 

  • KSA
  • UAE
  • Israel
  • rest of GCC countries
  • South Africa
  • Ethiopia
  • Kenya
  • Egypt
  • Sudan
  • rest of MEA

Regionally, the Saudi Arabian is expected to account for the most significant share in the MEA contact lenses market during the forecast period owing to an increase in adoption of the cosmetic lens and growth in disposable income. The South African contact lenses market has a fragile economic situation and is likely to play a crucial role in shaping the MEA contact lenses during the forecast period. The high collective cost and required maintenance for the contact lenses are to prevent the new users of these lenses, particularly those from the lower-income group, to hamper the growth of the contact lenses market during the forecast period. Only a limited portion of the population drives the demand for eyewear in South Africa.

KEY MARKET PLAYERS:

Companies playing a dominating role in the MEA Contact Lenses market profiled in this report are Johnson & Johnson, Bausch & Lomb, CooperVision, Hydrogel Vision Corp, Abbott Medical Optics, Inc., Alcon Laboratories, Inc., Carl Zeiss AG, CIBA Vision, Essilor International, and Contamac.

1.Introduction                                  

                1.1 Market Definition                    

                1.2 Study Deliverables                  

                1.3 Base Currency, Base Year and Forecast Periods                          

                1.4 General Study Assumptions                

2. Research Methodology                                           

                2.1 Introduction                               

                2.2 Research Phases                      

                                2.2.1 Secondary Research           

                                2.2.2 Primary Research 

                                2.2.3 Econometric Modelling      

                                2.2.4 Expert Validation  

                2.3 Analysis Design                         

                2.4 Study Timeline                          

3. Overview                                       

                3.1 Executive Summary                

                3.2 Key Inferences                         

                3.3 Epidemology                              

4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)           

                4.1 Market Drivers                          

                4.2 Market Restraints                    

                4.3 Key Challenges                         

                4.4 Current Opportunities in the Market                              

5. Market Segmentation                                              

                5.1 Material                       

                                5.1.1 Introduction           

                                5.1.2 Soft Contact Lenses            

                                5.1.3 Silicone Hydrogel Lenses   

                                5.1.4 Rigid Gas Permeable (RGP) Contact Lenses              

                                5.1.5 Hybrid Contact Lenses       

                                5.1.6 Polymethyl Methacrylate (PMMA) Contact Lenses     

                                5.1.7  Y-o-Y Growth Analysis, By Product              

                                5.1.8  Market Attractiveness Analysis, By Product            

                                5.1.9  Market Share Analysis, By Product              

                5.2 Application                 

                                5.2.1 Introduction           

                                5.2.2 Therapeutic Contact Lenses            

                                5.2.3 Cosmetic Contact Lenses  

                                5.2.4 Others      

                                5.2.5  Y-o-Y Growth Analysis, By Type    

                                5.2.6  Market Attractiveness Analysis, By Type  

                                5.2.7  Market Share Analysis, By Type    

                5.3 Design                          

                                5.3.1 Introduction           

                                5.3.2 Spherical  

                                5.3.3 Bifocal       

                                5.3.4 Orthokeratology   

                                5.3.5 Toric           

                                5.3.6  Y-o-Y Growth Analysis, By Application        

                                5.3.7  Market Attractiveness Analysis, By Application      

                                5.3.8  Market Share Analysis, By Application       

6. Geographical Analysis                                              

                6.1 Introduction                               

                                6.1.1 Regional Trends    

                                6.1.2 Impact Analysis     

                                6.1.3 Y-o-Y Growth Analysis        

                                                6.1.3.1 By Geographical Area

                                                6.1.3.2 By Product

                                                6.1.3.3 By Type

                                                6.1.3.4 By Application

                                                6.1.3.5 By Indication

                                6.1.4  Market Attractiveness Analysis     

                                                6.1.4.1 By Geographical Area

                                                6.1.4.2 By Product

                                                6.1.4.3 By Type

                                                6.1.4.4 By Application

                                                6.1.4.5 By Indication

                                6.1.5  Market Share Analysis      

                                                6.1.5.1 By Geographical Area

                                                6.1.5.2 By Product

                                                6.1.5.3 By Type

                                                6.1.5.4 By Application

                                                6.1.5.5 By Indication

                6.2 Middle-East                                

                6.3 Africa                            

7.Strategic Analysis                                        

                7.1 PESTLE analysis                         

                                7.1.1 Political     

                                7.1.2 Economic 

                                7.1.3 Social         

                                7.1.4 Technological         

                                7.1.5 Legal          

                                7.1.6 Environmental       

                7.2 Porter’s Five analysis                              

                                7.2.1 Bargaining Power of Suppliers        

                                7.2.2 Bargaining Power of Consumers    

                                7.2.3 Threat of New Entrants     

                                7.2.4 Threat of Substitute Products and Services              

                                7.2.5 Competitive Rivalry within the Industry     

8.Market Leaders' Analysis                                         

                8.1 Johnson & Johnson                 

                                8.1.1 Overview 

                                8.1.2 Product Analysis   

                                8.1.3 Financial analysis  

                                8.1.4 Recent Developments       

                                8.1.5 SWOT analysis       

                                8.1.6 Analyst View          

                8.2 Bausch & Lomb                         

                8.3 CooperVision                             

                8.4 Hydrogel Vision Corp                              

                8.5 Abbott Medical Optics, Inc                   

                8.6 Alcon Laboratories, Inc                          

                8.7 Carl Zeiss AG                              

                8.8 CIBA Vision                 

                8.9 Essilor International                                

9.Competitive Landscape                                            

                9.1 Market share analysis                            

                9.2 Merger and Acquisition Analysis                       

                9.3 Agreements, collaborations and Joint Ventures                         

                9.4 New Product Launches                         

10.Market Outlook and Investment Opportunities                                          

Appendix                                           

                a) List of Tables                

                b) List of Figures                              

  • Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
  • Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
  • Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
  • Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
  • Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
  • A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
  • Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
  • An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
  • Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
  1. Middle East & Africa Contact Lenses Market, By Material, From 2021 to 2026 (USD Billion)
  2. Middle East & Africa Soft Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  3. Middle East & Africa Silicone Hydrogel Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  4. Middle East & Africa Rigid Gas Permeable (RGP) Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  5. Middle East & Africa Hybrid Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  6. Middle East & Africa Polymethyl Methacrylate (PMMA) Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  7. Middle East & Africa Contact Lenses Market, By Application, From 2021 to 2026 (USD Billion)
  8. Middle East & Africa Therapeutic Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  9. Middle East & Africa Cosmetic Contact Lenses Market, By Region, From 2021 to 2026 (USD Billion)
  10. Middle East & Africa Others Market, By Region, From 2021 to 2026 (USD Billion)
  11. Middle East & Africa Contact Lenses Market, By Design, From 2021 to 2026 (USD Billion)
  12. Middle East & Africa Spherical Market, By Region, From 2021 to 2026 (USD Billion)
  13. Middle East & Africa Bifocal Market, By Region, From 2021 to 2026 (USD Billion)
  14. Middle East & Africa Orthokeratology Market, By Region, From 2021 to 2026 (USD Billion)
  15. Middle East & Africa Toric Market, By Region, From 2021 to 2026 (USD Billion)
  16. Middle East Contact Lenses Market, By Material, From 2021 to 2026 (USD Billion)
  17. Middle East Contact Lenses Market, By Application, From 2021 to 2026 (USD Billion)
  18. Middle East Contact Lenses Market, By Design, From 2021 to 2026 (USD Billion)
  19. Africa Contact Lenses Market, By Material, From 2021 to 2026 (USD Billion)
  20. Africa Contact Lenses Market, By Application, From 2021 to 2026 (USD Billion)
  21. Africa Contact Lenses Market, By Design, From 2021 to 2026 (USD Billion)

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