DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Contact Lens Market, By Material Type, By Design, By Wear Type, By Application, By Distribution Channel, By Region, Competition Forecast & Opportunities, 2026" report has been added to ResearchAndMarkets.com's offering.
The Saudi Arabian Contact Lens Market was valued at USD280.23 million in 2020 and is projected to reach USD379.94 million by 2026, growing at a CAGR of 5.5% through 2026
The increasing geriatric population across the country is suffering from various ocular problems, ocular diseases and growing incidences of eye injuries, is expected to increase the demand for different contact lenses significantly. The commonly observed ocular diseases in the elderly population includes cataract, myopia, hyperopia, astigmatism, among others.
This in turn is expected to increase the demand for contact lenses in Saudi Arabia through 2026. Surge in occurrence of myopia and other ocular disorders is boosting the demand for contact lenses. There are also lenses available designed to meet specific needs and are called specialty lenses. For example, scleral lenses which have large diameters are used in the treatment of corneal irregularities.
Also, the technological advancement and consistent research over the better technologies of the contact lens is also supporting the growth of the market. The market players are heavily invested in bringing the best possible services and devices that aid the eyecare health for the patients in the country and aiding the growth of the market until 2026.
Based on material type, the Saudi Arabian Contact Lens Market can be categorized into silicone hydrogel, hydrogel, gas permeable and others. The silicone hydrogel segment is expected to dominate the market during the forecast period on account of its widespread use in making soft contact lenses.
Additionally, they allow large amount of oxygen to pass through thereby increasing comfort by reducing dryness and itching in the eyes. Also, silicone hydrogel is quite effective in the treatment of ametropia.
In terms of wear type, the Saudi Arabian Contact Lens Market can be split into reusable and disposable. The reusable segment dominated the market in 2020 while the disposable segment is expected to witness significant growth during the forecast period on account of the shift in consumer demand from conventional reusable contact lenses to disposable contact lenses.
Additionally, the spread of COVID-19 and fear of catching infection through contact lenses among the population has further increased the demand for disposable contact lenses. Besides, various companies operating in the market have started launching monthly, daily and weekly disposable contact lenses, thereby supporting the segmental growth.
The major companies operating in the Saudi Arabian Contact Lens Market include Al-Jamil Optical Co., CooperVision, Inc., Essilor Luxottica SA, Alcon Inc., Johnson & Johnson, Monros International For General Trading & Contracting Co. (Anasthesia), Golden Cala, Bausch Health Companies, Inc., Carl Zeiss AG, Bella Contact Lenses, among others.
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 have an edge over other players in the market.
Report Scope:
Years considered for this report:
- Historical Years: 2016 - 2019
- Base Year: 2020
- Estimated Year: 2021E
- Forecast Period: 2022F - 2026F
Saudi Arabia Contact Lens Market, By Material Type:
- Silicone hydrogel
- Hydrogel
- Gas permeable
- Others
Saudi Arabia Contact Lens Market, By Design:
- Spherical
- Toric
- Multifocal
- Others
Saudi Arabia Contact Lens Market, By Wear Type:
- Reusable
- Disposable
Saudi Arabia Contact Lens Market, By Application:
- Cosmetics
- Corrective
- Therapeutic
- Others
Saudi Arabia Contact Lens Market, By Distribution Channel:
- Optical Stores
- Beauty Centers
- Online
- (Hospital & Clinics) Pharmacies
- Stand Alone Pharmacies
Saudi Arabia Contact Lens Market, By Region:
- Northern & Central
- Western
- Eastern
- Southern
For more information about this report visit https://www.researchandmarkets.com/r/5lil5a
