GCC Contact Lens Market Poised for Robust Growth, forecasted to Expand at 4.42% CAGR from 2022-27
MarkNtel Advisors has released its latest report highlighting strong growth in The GCC Contact Lenses market is projected to grow at a CAGR of 4.42% during the forecast period, 2022-27.
Report Coverage
This report offers a comprehensive analysis of the GCC Contact Lens Market, providing valuable insights across historical trends, current dynamics, and future forecasts.
- Base Year: 2021
- Forecast Years: 2022-27
- Historical Years: 2017-20
GCC Contact Lens Market Overview
The major factors responsible for this market growth included the expansion of research laboratories across China and increasing R&D investments in the country. In recent years, the country has been largely facing geopolitical tensions, which have been impacting its economic growth. Hence, observing these impacts on economic growth, the government of China has initiated aligning its spending toward research & development, to become a technological powerhouse across the globe.
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GCC Contact Lens Market Segmentation Outlook
The GCC Contact Lens is categorized into notable segments, which help in understanding the structure, dynamics, and opportunities within the market. These segments are typically based on:
By Material Type
- Soft Contact Lenses
- Silicone Hydrogel
- Hydrogel
- Hard Contact Lenses
- Rigid Gas-Permeable Lenses (RGP)
- Polymethyl Methacrylate (PMMA)
- Hybrid Contact Lenses
By Design
- Spherical
- Toric
- Multifocal
- Others (Monovision, Color lenses, etc.)
By Usability
- Reusable
- Disposable
By Application
- Cosmetics
- Corrective
- Others (Prosthetic, Orthokeratology, etc.)
By Sales Channel
- Offline
- Optical Stores
- Hospital & Clinics
- Others (Pharmacies, Beauty Centres, etc.)
- Online
- Company-owned Portals
- E-commerce Platforms
By Country
- The UAE
- Saudi Arabia
- Bahrain
- Kuwait
- Oman
- Qatar
GCC Contact Lens Market Trend
Rising Fashion Trend of Colored Lenses Among the Youth- The colored contact lenses have been gaining notable momentum among the youth population in GCC as a fashion statement & have been increasingly getting popular. Due to this, various players have been actively involved in unique marketing strategies to heighten their brand awareness. Furthermore, the manufacturers & even the retailers have been campaigning, providing offers, discounts, etc., in order to attract more & more customers. In addition, the rising adoption of disposable contact lenses has further supported the growth of colored contact lenses. Hence, this trend is expected to gain thrust & would offer potential growth opportunities in the GCC Contact Lenses market during the forecast period.
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Top GCC Contact Lens Market Brands & Their Strategic Market Positioning
MarkNtel Advisors Research identifies (Johnson & Johnson Middle East FZ-LLC,Bausch + Lomb, CooperVision, Hydrogel Vision Corp., Abbott Medical Optics Inc., Alcon Laboratories Inc Others as key players shaping the market landscape.
Key Questions Answered in the Report
- What is the market size (value & volume) along with the current & future trends, growth factors & challenges, etc.?
- How the industry has been evolving, and which segments would dominate the market during the forecast period?
- What are the key opportunity areas that companies foresee in the coming years 2027?
- Who are the key players in the market, and what are their competitive strengths?
- What are the key growth drivers & challenges associated with the market, and how would they impact the market through the forecast period?
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