UAE Eye Care Market Grows at Healthy CAGR to Cross USD 1.2 Billion by 2030

Published | 29 November 2024

UAE Eye Care Market is thriving due to the increasing prevalence of vision disorders, rapidly aging population, advancements in ophthalmic technology, expanding healthcare infrastructure, and heightened awareness about preventive eye care.

BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated UAE Eye Care Market size by value at USD 832.7 million in 2023. During the forecast period between 2024 and 2030, BlueWeave expects UAE Eye Care Market size 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 a rising prevalence of eye disorders, such as myopia and diabetic retinopathy, due to lifestyle changes and an aging population. Increasing awareness about eye health, advancements in diagnostic technologies, and availability of premium eye care services boost demand. Government initiatives promoting healthcare accessibility and a growing preference for vision correction solutions like LASIK and contact lenses further propel the market. Additionally, medical tourism and corporate health programs contribute to the growth of UAE Eye Care Market.

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Opportunity – Urbanization and Changing Lifestyle

Rapid urbanization across the UAE, along with a fast-evolving lifestyle, has significantly increased screen time exposure due to the widespread use of digital devices. It has resulted in a higher prevalence of eye strain and vision-related issues, propelling demand for advanced eye care solutions. Additionally, urban living promotes greater health awareness, encouraging individuals to seek preventive and corrective eye care. These factors are boosting the growth of UAE Eye Care Market, fostering innovations, and expanding service offerings.

Impact of Escalating Geopolitical Tensions on UAE Eye Care Market

Escalating geopolitical tensions across the Middle East could impact the growht of UAE Eye Care Market by disrupting healthcare supply chains, increasing the cost of imported medical equipment, and delaying the availability of new treatments. Additionally, heightened uncertainty may reduce consumer spending on elective eye care services. However, the UAE’s strong healthcare infrastructure and government initiatives to improve healthcare access may mitigate some effects. The demand for eye care could remain stable due to the region's growing population and focus on healthcare advancement.

Over the Counter (OTC) Products Segment Leads UAE Eye Care Market

Over the Counter (OTC) products segment is the leading category in UAE Eye Care Market. The segment’s growth is fueled by the rising incidences of common eye issues like dry eyes and allergies, along with an increasing demand for affordable, easily accessible remedies. OTC products such as artificial tears, eye drops, and lubricants are particularly favored for their convenience, offering consumers quick relief without the need for a prescription. This preference for non-prescription options has significantly bolstered the segment’s market share.

Competitive Landscape

UAE Eye Care Market is fiercely competitive, with numerous companies vying for a larger market share. Major companies in the market include Alcon, Bausch + Lomb, Johnson & Johnson, CooperVision, EssilorLuxottica, Carl Zeiss Meditec, Nidek, Topcon, and HOYA. These companies use various strategies, including increasing investments in their R&D activities, mergers and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in UAE Eye Care Market.

Don’t miss the business opportunity UAE Eye Care Market. Consult our analysts to gain crucial insights and facilitate your business growth.

The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of UAE Eye Care Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in UAE Eye Care Market and industry insights to help decision-makers make sound strategic decisions. Further, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.

Scope of the Report

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