Middle East & Africa Contact Lens Inspection Market Size & Outlook
Middle East & Africa contact lens inspection market, 2018-2030 (US$M)
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MEA contact lens inspection market highlights
- The MEA contact lens inspection market generated a revenue of USD 89.2 million in 2023.
- The market is expected to grow at a CAGR of 4.6% from 2024 to 2030.
- In terms of segment, manual contact lens inspection tool was the largest revenue generating type in 2023.
- Manual Contact Lens Inspection Tool is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, Kuwait is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 89.2 million |
| Market revenue in 2030 | USD 122.3 million |
| Growth rate | 4.6% (CAGR from 2023 to 2030) |
| Largest segment | Manual contact lens inspection tool |
| Fastest growing segment | Manual Contact Lens Inspection Tool |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Manual Contact Lens Inspection Tool, Semiautomatic Contact Lens Inspection Systems, Fully Automatic Contact Lens Inspection Systems |
| Key market players worldwide | Neitz Instruments, AMETEK Inc |
Other key industry trends
- In terms of revenue, MEA region accounted for 7.1% of the global contact lens inspection market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 366.5 million by 2030.
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Contact Lens Inspection Market Scope
Contact Lens Inspection Market Companies
| Name | Profile | # Employees | HQ | Website |
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Middle East & Africa contact lens inspection market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contact lens inspection market will help companies and investors design strategic landscapes.
Manual contact lens inspection tool was the largest segment with a revenue share of 45.07% in 2023. Horizon Databook has segmented the Middle East & Africa contact lens inspection market based on manual contact lens inspection tool, semiautomatic contact lens inspection systems, fully automatic contact lens inspection systems covering the revenue growth of each sub-segment from 2018 to 2030.
Economic development, coupled with high unmet healthcare needs, fuels the growth of the Middle East and Africa (MEA) contact lens inspection market. High-income countries, such as Saudi Arabia, Israel, and Qatar, are focused on adopting the latest devices in their inspection systems.
An increasing number of people in Latin America are facing vision issues such as myopia (nearsightedness) owing to various factors such as increased screen time and lifestyle changes. This fuels the demand for contact lenses, thereby boosting the adoption of contact lens inspection systems.
Investments in the inspection systems industry are rising in the region, which can be attributed to an increased focus on underdeveloped countries. Saudi Arabia and South Africa held significant shares of the MEA contact lens inspection market in 2023, owing to high economic development and increasing market potential.
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Target buyers of Middle East & Africa contact lens inspection market databook
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Our clientele includes a mix of contact lens inspection market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa contact lens inspection market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa contact lens inspection market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA contact lens inspection market size, by country, 2018-2030 (US$M)
Middle East & Africa Contact Lens Inspection Market Outlook Share, 2023 & 2030 (US$M)
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