Report Overview

UAE Eye Care Market – Industry Trends & Forecast Report, 2030

UAE Eye Care Market size by value was estimated at USD 832.7 million in 2023. During the forecast period between 2024 and 2030, UAE Eye Care Market size is expected to expand at a CAGR of 5.40% reaching a value of USD 1,218.1 million by 2030. UAE Eye Care Market is driven by increasing awareness about eye health, rising demand for corrective eyewear, and technological advancements in eye care. The expatriate population and luxury lifestyle also contribute to market growth. Additionally, supportive government initiatives and a strong economy play crucial roles.

Eye Care – Overview

Eye care encompasses practices to maintain vision health, including regular eye exams, corrective eyewear, and protection against harmful UV rays. It involves the prevention and treatment of eye conditions such as glaucoma, cataracts, and macular degeneration. Advancements in technology have led to improved diagnostic tools and treatment options, enhancing overall eye health. Additionally, lifestyle factors like a balanced diet and limiting screen time play crucial roles in preserving optimal vision.

UAE Eye Care Market

Growth Drivers

Rising Prevalence of Eye Diseases

Rising prevalence of eye diseases is a significant growth driver for UAE Eye Care Market. Conditions like glaucoma, cataracts, and diabetic retinopathy are becoming increasingly common, leading to a higher demand for advanced diagnostic and treatment options. This trend is further fueled by the aging population and lifestyle changes that contribute to eye health issues. Therefore, there is a growing need for comprehensive eye care services, including preventive measures, corrective treatments, and advanced surgical procedures.

Challenges

High Cost of Treatment

High cost of treatment is a significant restraint for UAE Eye Care Market. Advanced diagnostic tools, treatments, and surgeries often come with steep price tags, making them less accessible to a broader population. Additionally, the cost of imported medical devices and pharmaceuticals further drives up expenses. This financial burden can deter individuals from seeking necessary eye care, potentially leading to untreated eye conditions and a subsequent increase in long-term healthcare costs.

Impact of Escalating Geopolitical Tensions on UAE Eye Care Market

Intensifying geopolitical tensions among countries and further spreading across the regions, particularly in the Middle East, could significantly impact the growth of UAE Eye Care Market. Increased instability may lead to supply chain disruptions, affecting the availability of medical devices and pharmaceuticals. Additionally, economic uncertainty can reduce consumer spending on non-essential services, including eye care. Heightened tensions might also deter foreign investments and collaborations, slowing down market growth. Conversely, the UAE's strategic investments in healthcare infrastructure and diversification efforts can help mitigate some of these impacts, ensuring continued access to eye care services.

UAE Eye Care Market

Segmental Coverage

UAE Eye Care Market – By Product Type

Based on product type, UAE Eye Care Market is divided into Contact Lens, Intraocular Lens, Ocular Health Products, and other segments. The contact lenses segment holds the largest share of UAE Eye Care Market by product type. The segment’s dominance is attributed to the rising prevalence of vision disorders, increasing consumer preference for convenient and aesthetic vision correction solutions, and advancements in lens materials offering improved comfort. Additionally, the market benefits from the growing popularity of colored and disposable lenses among younger consumers. The increasing awareness of vision health and the availability of premium-quality lenses further contribute to the segment's growth within the UAE's dynamic eye care industry.

UAE Eye Care Market – By Mode of Purchase

By mode of purchase, UAE Eye Care Market is bifurcated into Over the Counter (OTC) Products and Prescribed (Rx) Products segments. The OTC products segment holds a larger share of in UAE Eye Care Market by mode of purchase. OTC products’ leadership position is driven by the increasing prevalence of common eye conditions such as dry eyes and allergies, coupled with growing consumer preference for readily accessible, cost-effective solutions. The convenience of OTC products, including artificial tears, eye drops, and lubricants, has made them a popular choice among consumers seeking immediate relief without a prescription, contributing to their significant market share.

UAE Eye Care Market – By Distribution Channel

UAE Eye Care Market by distribution channel is divided into Hospitals & Clinics, Retail Stores, Online Stores, and other segments. The retail stores segment emerge as the largest distribution channel in UAE Eye Care Market. Retail stores dominate due to their widespread accessibility, diverse product offerings, and strong brand presence. They provide consumers with convenience and the ability to physically assess products, including eyeglasses, contact lenses, and other eye care solutions. Additionally, partnerships with global eyewear brands and increasing retail chains in the UAE contribute to their growth, catering to both locals and expatriates seeking premium and affordable eye care products.

Competitive Landscape

Key players in the highly competitive UAE Eye Care Market include Alcon, Bausch + Lomb, Johnson & Johnson, CooperVision, EssilorLuxottica, Carl Zeiss Meditec, Nidek, Topcon, and HOYA. To further enhance their market share, these companies employ various strategies, including mergers and acquisitions, partnerships, joint ventures, license agreements, and new product launches.

Scope of the Report

By Product Type

• Contact Lens

• Intraocular Lens

• Ocular Health Products

• Others

By Mode of Purchase

• Over the Counter (OTC) Products

• Prescribed (Rx) Products

By Distribution Channel

• Hospitals & Clinics

• Retail Stores

• Online Stores

• Others

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Executive Summary
3. UAE Eye Care Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
         1. Rising Prevalence of Eye Diseases
         2. Growing Awareness of Eye Health
         3. Technological Advancements
      2. Restraints
         1. High Cost of Treatment
         2. Lack of Awareness and Preventive Care
      3.  Opportunities
         1. Increasing Disposable Income
         2. Urbanization and Changing Lifestyle
      4. Challenges
         1. Limited Access to Quality Healthcare
         2. Side Effects and Complications
   3. Technological Advancements/Recent Developments
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
4. UAE Eye Care Market Marketing Strategies
5. UAE Eye Care Market Overview
   1. Market Size & Forecast, 2019–2030
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product Type
         1. Contact Lens
         2. Intraocular Lens
         3. Ocular Health Products
         4. Others
      2. By Mode of Purchase
         1. Over the Counter (OTC) Products
         2. Prescribed (Rx) Products
      3. By Distribution Channel
         1. Hospitals & Clinics
         2. Retail Stores
         3. Online Stores
         4. Others
6. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. UAE Eye Care Company Market Share Analysis, 2023
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
7. Impact of Escalating Geopolitical Tensions on UAE Eye Care Market
8. Company Profiles (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, and SWOT Analysis)
   1. Alcon
   2. Bausch + Lomb
   3. Johnson & Johnson
   4. CooperVision
   5. EssilorLuxottica
   6. Carl Zeiss Meditec
   7. Nidek
   8. Topcon
   9. HOYA
   10. Other Prominent Players
9. Key Strategic Recommendations
10. Research Methodology
    1.       Qualitative Research
       1.   Primary & Secondary Research
    2.       Quantitative Research
    3.       Market Breakdown & Data Triangulation
       1.   Secondary Research
       2.   Primary Research
    4.       Breakdown of Primary Research Respondents, By Country
    5.       Assumptions & Limitations

*Financial information of non-listed companies can be provided as per availability.

**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable

List of Figures

Figure 1       UAE Eye Care  Segmentation             

Figure 2       UAE Eye Care  Market Value Chain Analysis           

Figure 3       Company Market Share Analysis, 2023         

Figure 4       UAE Eye Care Market Size, By Value (USD Million), 2019–2030           

Figure 5       UAE Eye Care Market Share, By Product Type, By Value, 2019–2030            

Figure 6       UAE Eye Care Market Share, By Mode of Purchase, By Value, 2019–2030                

Figure 7       UAE Eye Care Market Share, By Distribution Channel, By Value, 2019–2030            

List of Tables

Table 1        UAE Eye Care Market Size, By Value (USD Million), 2019–2030  

Table 2        UAE Eye Care Market Size, By Product Type, By Value, 2019–2030     

Table 3        UAE Eye Care Market Size, By Mode of Purchase, By Value, 2019–2030

Table 4        UAE Eye Care Market Size, By Distribution Channel, By Value, 2019–2030

Table 5        Alcon Company Overview

Table 6        Alcon Financial Overview

Table 7        Bausch + Lomb Company Overview

Table 8        Bausch + Lomb Financial Overview

Table 9        Johnson & Johnson Company Overview

Table 10      Johnson & Johnson Financial Overview

Table 11      CooperVision Company Overview

Table 12      CooperVision Financial Overview

Table 13      EssilorLuxottica Company Overview

Table 14      EssilorLuxottica Financial Overview

Table 15      Carl Zeiss Meditec Company Overview

Table 16      Carl Zeiss Meditec Financial Overview

Table 17      Nidek Company Overview

Table 18      Nidek Financial Overview

Table 19      Topcon Company Overview

Table 20      Topcon Financial Overview

Table 21      HOYA Company Overview

Table 22      HOYA Financial Overview