Summary

Saudi Arabia Contact Lenses Market Analysis

Saudi Arabia Contact Lenses Market was worth US$ 115.79 Million in 2023. It is expected to grow at a CAGR of 7.00% from 2024 to 2032 and be valued at US$ 212.88 Million by 2032 according to Renub Research.

The demand for contact lenses is growing in Saudi Arabia. A growing focus on eye health and a shift in the way of life choices drives. Young adults and experts valuing aesthetic appeal and practicality increasingly opt for contact lenses over conventional eyeglasses. This shift is likewise fueled by advancements in contact lens technology, presenting more comfort, durability, and suitability for vision correction needs. Social media and style developments also significantly influence this growing demand. This reflects transforming consumer behaviors and technological advancements.


Saudi Arabia Contact Lenses Market Trends

• Growth in Awareness of Eye Care

According to a study by NCBI, the prevalence of dry eye disease (DED) in Saudi Arabia is 17.5%. The contact lenses market in the kingdom is witnessing vast growth due to the elevated awareness of eye fitness among most of the population. This heightened awareness results from various public fitness projects that provide eye care and everyday eye tests. The Saudi authorities' healthcare tasks, including Vision 2030, are to enhance healthcare infrastructure and services. Increasing universal fitness awareness, such as eye fitness, could impact the contact lens market.


• Increasing Exposure to Digital Screens and Changing Lifestyles

The Saudi Arabia contact lenses market is experiencing a sizable boom because of the growing exposure to digital screens and changing life. According to an editorial published by GMI, digital eye strain is pretty standard, with 99 % of the population using the internet and spending an average of 7 hours and 9 minutes online daily, with 3 hours and 6 minutes on social media. As people increasingly use digital devices for work, education, and amusement, the demand for effective vision correction solutions is rising. Contact lenses offer an adaptable and handy solution that caters to trendy lifestyle needs. The choice of mobility, fashion, convenience, and aesthetics drives this trend.


• Technological Advancements in Contact Lenses

Advancements in contact lens technology are pivotal in driving the Saudi Arabian market. Like MAGRABi'si-hospital clear contact lenses, silicone hydrogel lenses enhance comfort and prolonged wear. Their AquaGen™ technology keeps hydration, rounded edges reduce lid interaction, and UV safety guarantees eye safety. Evolving lens designs, including multifocal and toric lenses, also cater to numerous vision needs. Future integration of augmented reality and health monitoring abilities guarantees exciting prospects. This is fueling the demand and shaping the market's destiny.


• Growth in usage of e-commerce

E-commerce drives the Saudi Arabia contact lenses market, offering unparalleled convenience, accessibility, and choice. According to the International Trade Administration, Saudi internet customers for e-trade are projected to reach 33.6 million by 2024, a 42% boom from 2019. Online structures offer diverse brands, types, and designs, which is especially beneficial for remote areas. Detailed product descriptions and comparisons empower knowledgeable choices, while doorstep delivery saves time. The competitive pricing surroundings ensure price savings through easy price evaluation.


• Cosmetic use of Contact Lenses is Increasing

The burgeoning demand for cosmetic contact lenses drives the market in Saudi Arabia. Colored lenses offer users versatility in altering or enhancing eye shade, suiting diverse style choices. Contact lenses function in myriad designs, from patterns to cat-eye results, enabling character expression. This variety aligns with fashion tendencies, catering to special occasions or social media influences. The choice of contact lenses over conventional glasses is increasing, driven by convenience and aesthetic enchantment. Contact lenses are easy to pair with sunglasses, contributing to the market boom.


Saudi Arabia Contact Lenses Analysis

The northern region of Saudi Arabia emerges as a promising contact lens market. According to the World Data Atlas, the region boasts a higher population density than different areas, with approximately 288,921 people. Urbanization is enormous, with 86.7% of the Northern Borders being urbanized, per the UN-Habitat. This urbanization helps access to eye care experts and retail outlets selling contact lenses, improving patron accessibility. The location's monetary improvement also ensures a sizeable consumer base with expanded disposable income, helping affordability. However, new entrants must navigate existing opposition, emphasizing the desire to apprehend the competitive panorama for achievement.


Saudi Arabia Contact Lenses Company News

The Saudi Arabia contact lenses market includes Alcon, Menicon Co. Ltd, Al-Jamil Optical Co., Yateem Opticians, and Ray-Ban.

• In December 2023 - Menicon Co., Ltd. is set to launch two new variants of monthly replacement contact lenses under its exclusive brand, MelsME. The latest variants, "1MONTH MeniconMelsME" and "1MONTH MeniconMelsMEtoric," are designed to provide users with enhanced moisturization and wearing comfort.
• In October 2023 - Alcon launched TOTAL30 for Astigmatism, the first and only reusable contact lens with Water Gradient material for astigmatic contact lens wearers.
• In May 2023 - EssilorLuxottica and Chalhoub Group signed a joint venture agreement to expand their retail eyewear presence in the GCC region.
• In December 2022, Bausch + Lomb received FDA clearance for Biotrue Hydration Boost Contact Lens Rehydrating drops. The preservative-free multi-dose drops can rehydrate both soft and rigid gas-permeable contact lenses.
• In December 2022 - Swarovski and EssilorLuxottica signed an agreement for the exclusive design, manufacturing, and global distribution of Swarovski Eyewear.


Material – Saudi Arabia Contact Lenses Market breakup in 3 viewpoints:

1. Gas Permeable
2. Silicone Hydrogel
3. Hybrid


Usage – Saudi Arabia Contact Lenses Market breakup in 4 viewpoints:

1. Daily Disposable
2. Disposable
3. Frequently Disposable
4. Traditional(Reusable) Lenses


Design – Saudi Arabia Contact Lenses Market breakup in 3 viewpoints:

1. Spherical
2. Toric
3. Multifocal


Application – Saudi Arabia Contact Lenses Market breakup in 2 viewpoints:

1. Vision Correction
2. Cosmetic


Distribution Channel – Saudi Arabia Contact Lenses Market breakup in 3 viewpoints:

1. Online Pharmacy
2. Retail Pharmacy
3. Hospital Pharmacy


Region – Saudi Arabia Contact Lenses Market breakup in 4 viewpoints:

1. Eastern
2. Western
3. Northern & Central
4. Southern


All the Key players have been covered from 3 Viewpoints:

• Overview
• Recent Development
• Revenue Analysis


Company Analysis:

1. Alcon
2. Menicon Co. Ltd
3. Al-Jamil Optical Co.
4. Yateem Opticians
5. Ray-Ban

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Table of Contents

1. Introduction

2. Research Methodology

3. Executive Summary

4. Market Dynamic

4.1 Growth Drivers
4.2 Challenges


5. Saudi Arabia Contact Lenses Market

6. Market Share – Saudi Arabia Contact Lenses

6.1 By Product
6.2 By Application
6.3 By Technology
6.4 By End User
6.5 By Region


7. Material – Saudi Arabia Contact Lenses Market

7.1 Gas Permeable
7.2 Silicone Hydrogel
7.3 Hybrid


8. Usage – Saudi Arabia Contact Lenses Market

8.1 Daily Disposable
8.2 Disposable
8.3 Frequently Disposable
8.4 Traditional(Reusable) Lenses


9. Design – Saudi Arabia Contact Lenses Market

9.1 Spherical
9.2 Toric
9.3 Multifocal


10. Application – Saudi Arabia Lenses Market

10.1 Vision Correction
10.2 Cosmetic


11. Distribution Channel – Saudi Arabia Contact Lenses Market

11.1 Online Pharmacy
11.2 Retail Pharmacy
11.3 Hospital Pharmacy


12. Region – Saudi Arabia Contact Lenses Market

12.1 Eastern
12.2 Western
12.3 Northern & Central
12.4 Southern


13. Porter’s Five Forces Analysis – Saudi Arabia Contact Lenses Market

13.1 Bargaining Power of Buyers
13.2 Bargaining Power of Suppliers
13.3 Degree of Rivalry
13.4 Threat of New Entrants
13.5 Threat of Substitutes


14. SWOT Analysis – Saudi Arabia Contact Lenses Market

14.1 Strength
14.2 Weakness
14.3 Opportunity
14.4 Threat


15. Key Players Analysis

15.1 Alcon

15.1.1 Overview
15.1.2 Recent Development
15.1.3 Revenue

15.2 Menicon Co. ltd

15.2.1 Overview
15.2.2 Recent Development
15.2.3 Revenue

15.3 Al-Jamil Optical Co.

15.3.1 Overview
15.3.2 Recent Development

15.4 Yateem Opticians

15.4.1 Overview
15.4.2 Recent Development

15.5 Ray Ban

15.5.1 Overview
15.5.2 Recent Development

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List of Tables/Graphs

Table-01: Saudi Arabia – Contact Lenses Market Share by Product (Percent), 2019 – 2023
Table-02: Saudi Arabia – Forecast for Contact Lenses Market Share by Product (Percent), 2024 – 2032
Table-03: Saudi Arabia – Contact Lenses Market Share by Application (Percent), 2019 – 2023
Table-04: Saudi Arabia – Forecast for Contact Lenses Market Share by Application (Percent), 2024 – 2032
Table-05: Saudi Arabia – Contact Lenses Market Share by Technology (Percent), 2019 – 2023
Table-06: Saudi Arabia – Forecast for Contact Lenses Market Share by Technology (Percent), 2024 – 2032
Table-07: Saudi Arabia – Contact Lenses Market Share by End User (Percent), 2019 – 2023
Table-08: Saudi Arabia – Forecast for Contact Lenses Market Share by End User (Percent), 2024 – 2032
Table-09: Saudi Arabia – Contact Lenses Market Share by Region (Percent), 2019 – 2023
Table-10: Saudi Arabia – Forecast for Contact Lenses Market Share by Region (Percent), 2024 – 2032