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:
By Application:
By Design:
By Country:
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
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