Saudi Arabia Optical Lenses Market (2024-2030) | Growth, Value, COVID-19 IMPACT, Forecast, Trends, Companies, Industry, Share, Analysis, Revenue, Outlook & Size

Market Forecast By Type (Converging, Diverging), By Application (Microscopy, Laser Processing, Imaging, Ophthalmic), By Vertical (Healthcare, Life Sciences, Defense, Manufacturing, Consumer Electronics, Others) And Competitive Landscape
Product Code: ETC049939 Publication Date: Jul 2023 Updated Date: Feb 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Optical Lenses Market Competition 2023


Saudi Arabia Export Potential Assessment For Optical Lenses Market (USD Values in Thousand)


Saudi Arabia Optical Lenses Market Synopsis

The Saudi Arabia optical lenses market is expected to grow at a CAGR of 7.7% during the forecast period 2020-2026. The factors such as increasing prevalence of eye disorders, growing geriatric population, and technological advancements in lens materials are driving the growth of the market. Moreover, rising disposable income along with rapid urbanization and changing lifestyle trends has had a positive effect on the demand for corrective eyeglasses among the consumers resulting in increased spending by them on vision care products.

Market Drivers

Uncorrected refractive errors are estimated to be responsible for 43% cases of moderate visual impairments worldwide according to WHO€™s Vision 2020 report. This indicates that there is an enormous unmet need for vision correction services which will create significant opportunities for companies operating in this segment over the coming years leading to increased sales of optical lenses across Saudi Arabia. Around 8 million people or 15% of total population were aged above 60 years in 2019 which is likely to nearly double till 2050 due its high fertility rates and relatively low death rate compared with other countries in GCC region which will lead to increase demand for ophthalmic products including lenses from elderly customers who suffer from age related sight deterioration issues like macular degeneration and presbyopia posing as potential opportunity for vendors dealing with these products.

Challenges of the Market

Sophisticated lenses such as progressive addition (PAL) , bifocal or trifocal require complex manufacturing processes thus making them expensive compared traditional single vision prescription glasses .Therefore cost conscious customers may not be willing pay extra money required these advanced types leading slow adoption rates thereby hampering growth prospects overall market during study period.

Covid 19 Impact on the Market

COVID-19 has significantly impacted the optical lens industry in Saudi Arabia due to nationwide lockdowns that led to reduced demand from retail outlets and hospitals as well as disruption in supply chains. However, with easing of lockdown restrictions, this sector is expected to recover gradually over next few quarters.

key players of the Market

Some of leading players operating in Saudi Arabia optical lens market include Essilor International S/A., Hoya Corporation, Carl Zeiss AG., Nikon Corporation (Thailand) Ltd., Rodenstock GmbH & Co KG., Seiko Optical Products Co., Ltd,, ZEISS Group Ltd and others. These companies are focusing on launching innovative products with improved features that could help them gain a competitive edge over their rivals.

Key Highlights of the Report:

  • Saudi Arabia Optical Lenses Market Outlook
  • Market Size of Saudi Arabia Optical Lenses Market, 2023
  • Forecast of Saudi Arabia Optical Lenses Market, 2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Optical Lenses Market Trend Evolution
  • Saudi Arabia Optical Lenses Market Drivers and Challenges
  • Saudi Arabia Optical Lenses Price Trends
  • Saudi Arabia Optical Lenses Porter's Five Forces
  • Saudi Arabia Optical Lenses Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Converging for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Diverging for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Application for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Microscopy for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Laser Processing for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Imaging for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Ophthalmic for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Vertical for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Healthcare for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Life Sciences for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Defense for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Manufacturing for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Consumer Electronics for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Optical Lenses Market Revenues & Volume By Others for the Period 2020-2030
  • Saudi Arabia Optical Lenses Import Export Trade Statistics
  • Market Opportunity Assessment By Type
  • Market Opportunity Assessment By Application
  • Market Opportunity Assessment By Vertical
  • Saudi Arabia Optical Lenses Top Companies Market Share
  • Saudi Arabia Optical Lenses Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Optical Lenses Company Profiles
  • Saudi Arabia Optical Lenses Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Saudi Arabia Optical Lenses Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Optical Lenses Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Optical Lenses Market - Industry Life Cycle

3.4 Saudi Arabia Optical Lenses Market - Porter's Five Forces

3.5 Saudi Arabia Optical Lenses Market Revenues & Volume Share, By Type, 2020 & 2030F

3.6 Saudi Arabia Optical Lenses Market Revenues & Volume Share, By Application, 2020 & 2030F

3.7 Saudi Arabia Optical Lenses Market Revenues & Volume Share, By Vertical, 2020 & 2030F

4 Saudi Arabia Optical Lenses Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Optical Lenses Market Trends

6 Saudi Arabia Optical Lenses Market, By Types

6.1 Saudi Arabia Optical Lenses Market, By Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Optical Lenses Market Revenues & Volume, By Type, 2020-2030F

6.1.3 Saudi Arabia Optical Lenses Market Revenues & Volume, By Converging, 2020-2030F

6.1.4 Saudi Arabia Optical Lenses Market Revenues & Volume, By Diverging, 2020-2030F

6.2 Saudi Arabia Optical Lenses Market, By Application

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Optical Lenses Market Revenues & Volume, By Microscopy, 2020-2030F

6.2.3 Saudi Arabia Optical Lenses Market Revenues & Volume, By Laser Processing, 2020-2030F

6.2.4 Saudi Arabia Optical Lenses Market Revenues & Volume, By Imaging, 2020-2030F

6.2.5 Saudi Arabia Optical Lenses Market Revenues & Volume, By Ophthalmic, 2020-2030F

6.3 Saudi Arabia Optical Lenses Market, By Vertical

6.3.1 Overview and Analysis

6.3.2 Saudi Arabia Optical Lenses Market Revenues & Volume, By Healthcare, 2020-2030F

6.3.3 Saudi Arabia Optical Lenses Market Revenues & Volume, By Life Sciences, 2020-2030F

6.3.4 Saudi Arabia Optical Lenses Market Revenues & Volume, By Defense, 2020-2030F

6.3.5 Saudi Arabia Optical Lenses Market Revenues & Volume, By Manufacturing, 2020-2030F

6.3.6 Saudi Arabia Optical Lenses Market Revenues & Volume, By Consumer Electronics, 2020-2030F

6.3.7 Saudi Arabia Optical Lenses Market Revenues & Volume, By Others, 2020-2030F

7 Saudi Arabia Optical Lenses Market Import-Export Trade Statistics

7.1 Saudi Arabia Optical Lenses Market Export to Major Countries

7.2 Saudi Arabia Optical Lenses Market Imports from Major Countries

8 Saudi Arabia Optical Lenses Market Key Performance Indicators

9 Saudi Arabia Optical Lenses Market - Opportunity Assessment

9.1 Saudi Arabia Optical Lenses Market Opportunity Assessment, By Type, 2020 & 2030F

9.2 Saudi Arabia Optical Lenses Market Opportunity Assessment, By Application, 2020 & 2030F

9.3 Saudi Arabia Optical Lenses Market Opportunity Assessment, By Vertical, 2020 & 2030F

10 Saudi Arabia Optical Lenses Market - Competitive Landscape

10.1 Saudi Arabia Optical Lenses Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Optical Lenses Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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