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Middle East and Africa Contact Lens Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025

Middle East and Africa Contact Lens Market: By Modality Type (Daily Wear, Weekly/Monthly), By Design Type (Toric, Multifocal, Cosmetic, Sphere), By Material Type (Silicone Hydrogel, Hydrogel, Gas Permeable, Hybrid, PMMA), By Application (Conventional, Orthokeratology, Decorative), By Distribution Channel (Retail Stores, Hospitals and Clinics, E-commerce), and Geography

Middle East and Africa Contact Lens Market Report Description:

Middle East and Africa contact lens market report gives comprehensive outlook on contact lens across the region with special emphasis on key countries such as Saudi Arabia, South Africa, and Rest of Middle East and Africa. The report on Middle East and Africa contact lens market gives historical, current, and future market sizes (US$ Mn) on the basis of design type, modality, material type, application, distribution channel, and region. This report studies Middle East and Africa contact lens market dynamics elaborately to indentify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, Middle East and Africa contact lens market report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed Middle East and Africa contact lens market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product Opportunities). Key stakeholders of the Middle East and Africa contact lens market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in Middle East and Africa contact lens products.

 

Middle East and Africa Contact Lens Market:

The Middle East and Africa Contact Lens market estimated to be valued US$ 383.8 Mn in 2018 and poised to grow at significant CAGR over 2019-2025 due to increase in the demand for cosmetic contact lens in Middle East region due to hot climatic condition. Moreover, expansion of business by the market players, grow in disposable income, and launch of newer products into market are anticipated to fuel the Middle East and Africa contact lens market over the forecast timeframe.

 

Increase in the Adoption of Cosmetic Contact Lens

Increase in the Adoption Cosmetic Contact Lens is a key factor drives the Middle East and Africa contact lens market over the forecast years. In the Middle East region the sun can make temperatures soar over 50 °C along with high levels of ultra-violet (UV)1 rays that can damage unprotected eyes. Young teenagers are at most risk to UV exposure due to clear media, large pupils and more time spent in the outdoors without having proper protections. Increase in the demand for cosmetic contact lenses in the Middle East countries enhance the revenue of contact lens market over the forecast years

 

Saudi Arabia Accounts for Larger Market Revenue Share in Middle East and Africa Contact Lens Market

Saudi Arabia accounted for larger revenue share in Middle East and Africa contact lens market with significant CAGR. Surge in the adoption of cosmetic lens, rise in disposable income, high penetration of e-commerce channels in the country, and entry of market players into the region are propel the market.

 

Competition Assessment

Key player’s profiles in the Middle East and Africa contact lens market include:

  • Johnson & Johnson (US)
  • Alcon, Inc. (US)
  • CooperVision, Inc. (US)
  • Bausch + Lomb (US)
  • Carl Zeiss Meditech AG (Germany)

 

Key Findings of the Report:

  • Middle East and Africa contact lens market expanding at significant CAGR over 2019 to 2025 owing to increase in the prevalence of ophthalmic diseases
  • Based on application, conventional contact lens accounted for larger market revenue share in 2018 and projected gain market revenue share over the forecast period
  • Players focusing on innovation of newer products and collaboration strategies to retain market position in Middle East and Africa contact lens market

 

Key Features of the Report:

  • The report provides granular level information about the market size, regional market share, historic market (2014-2018) and forecast (2019-2025)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

 

Detailed Segmentation

 

By Modality

  • Weekly/Monthly
  • Daily Wear

By Design Type

  • Toric
  • Multifocal
  • Cosmetic
  • Sphere

By Material Type

  • Silicone Hydrogel
  • Hydrogel
  • Gas Permeable
  • Hybrid
  • PMMA

By Application

  • Conventional Contact Lens
  • Orthokeratology
  • Decorative

By Distribution Channel

  • Retail Stores
  • Hospitals and Clinics
  • E-commerce

 

Geography

  • Middle East and Africa
  • Saudi Arabia
  • South Africa
  • Rest of Middle East and Africa

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