UAE Prescription Lens Market Size & Outlook, 2023-2030
UAE prescription lens market, 2018-2030 (US$M)
Related Markets
UAE prescription lens market highlights
- The UAE prescription lens market generated a revenue of USD 373.6 million in 2023 and is expected to reach USD 473.7 million by 2030.
- The UAE market is expected to grow at a CAGR of 3.4% 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 373.6 million |
| Market revenue in 2030 | USD 473.7 million |
| Growth rate | 3.4% (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, UAE accounted for 0.8% 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 27.3% in 2023. Horizon Databook has segmented the UAE prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
The developing ophthalmic care facilities, growing prevalence of ocular disorders, and efficient insurance coverage policies on refractive surgeries are factors contributing to growth of the market. For instance, Daman health insurance is a government affiliated company with maximum coverage for a significant number of people in Dubai.
It helps cover the expenditure on Lasik surgery under its Thiqa healthcare scheme, for the member UAE residents residing in Abu Dhabi, depending on the medical necessity of a surgery. The procedure should be approved by a licensed ophthalmologist.
This is expected to drive the number of ophthalmic laser surgeries to permanently reduce spectacle usage. Furthermore, a strong chain of optical shops in the UAE, such as ZO&MO, Barakat Optical, & Dubai Optical, and developed ophthalmology care centers are expected to drive the market over the forecast period.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
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UAE prescription lens market size, by type, 2018-2030 (US$M)
UAE Prescription Lens Market Share, 2023 & 2030 (US$M)
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