Saudi Arabia Prescription Lens Market Size & Outlook
Saudi Arabia prescription lens market, 2018-2030 (US$M)
Related Markets
Saudi Arabia prescription lens market highlights
- The Saudi Arabia prescription lens market generated a revenue of USD 485.4 million in 2023 and is expected to reach USD 617.5 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.5% from 2024 to 2030.
- In terms of segment, single vision was the largest revenue generating type in 2023.
- Progressive is the most lucrative type segment registering the fastest growth during the forecast period.
Prescription lens market data book summary
| Market revenue in 2023 | USD 485.4 million |
| Market revenue in 2030 | USD 617.5 million |
| Growth rate | 3.5% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Bifocal, Trifocal, Progressive, Workspace Progressives, Single Vision |
| Key market players worldwide | Essilorluxottica, ZEISS Group, Hoya Corp, Privé Revaux, Vision Ease Eyewear, Seiko Optical Products, Vision Rx Lab |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global prescription lens market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa prescription lens market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 617.5 million by 2030.
Single vision was the largest segment with a revenue share of 27.11% in 2023. Horizon Databook has segmented the Saudi Arabia prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of refractive errors, such as myopia, presbyopia, astigmatism, and other ocular errors, especially in children, is a primary factor expected to drive growth of the market. The prevalence of myopia is high in the Saudi Arabian population, followed by presbyopia, and the treatment methods majorly used are optical & contact lenses.
Furthermore, the Kingdom of Saudi Arabia has made significant improvements in eye health, for instance, an investment of USD 2.66 million for blindness prevention programs was made, in 2017 which is intended for developing protocols for preschool screening and supporting research activities. Such initiatives are expected to aid growth of the market.
Saudi Arabia is growing in terms of development of vision care devices. Manufacturers in this country are introducing different types of ophthalmic products. For instance, Al Mosawiq Al Arabi is focused on the development of novel products in the field of ophthalmology.
No credit card required*
Horizon in a snapshot
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Saudi Arabia prescription lens market size, by type, 2018-2030 (US$M)
Saudi Arabia Prescription Lens Market Share, 2023 & 2030 (US$M)
Related industry reports
Related regional statistics
Sign up - it's easy, and free!
Sign up and get instant basic access to databook, upgrade
when ready, or enjoy our
free plan indefinitely.
Included in Horizon account
- 30K+ Global Market Reports
- 120K+ Country Reports
- 1.2M+ Market Statistics
- 200K+ Company Profiles
- Industry insights and more
