Middle East & Africa Prescription Lens Market Size & Outlook
Related Markets
MEA prescription lens market highlights
- The MEA prescription lens market generated a revenue of USD 3,531.4 million in 2023.
- The market is expected to grow at a CAGR of 3.2% 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.
- Country-wise, Saudi Arabia is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 3,531.4 million |
| Market revenue in 2030 | USD 4,411.0 million |
| Growth rate | 3.2% (CAGR from 2023 to 2030) |
| Largest segment | Single vision |
| Fastest growing segment | Progressive |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 7.7% of the global prescription lens market in 2023.
- Globally, Asia Pacific 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 20,808.1 million by 2030.
Single vision was the largest segment with a revenue share of 27.17% in 2023. Horizon Databook has segmented the Middle East & Africa prescription lens market based on bifocal, trifocal, progressive, workspace progressives, single vision covering the revenue growth of each sub-segment from 2018 to 2030.
Middle East and African region is expected to grow at a healthy rate over the forecast period. This can be attributed to the large patient pool and growing awareness about several ophthalmic treatment procedures. The prevalence of myopia and high myopia is expected to increase in the high-income countries of the Middle East.
The high-income countries of the Middle East, such as the UAE & Saudi Arabia, have developed ophthalmic care facilities, however, many countries of the African region lack even basic ophthalmic care centers.
There are several eye care programs run by NGOs across several regions of Africa, for instance, Noor Dubai in Jul 2019 signed a memorandum of understanding to launch a 4-year sustainable and comprehensive eye care program in Nigeria.
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Prescription Lens Market Scope
Prescription Lens Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Vision Rx Lab | View profile | 1001-5000 | Kolkata, West Bengal, India, Asia | https://www.visionrxlab.com/ |
| Seiko Optical Products | View profile | 101-250 | Chuo, Hokkaido, Japan, Asia | https://www.seikovision.com |
| Vision Ease Eyewear | View profile | 51-100 | Singapore, Central Region, Singapore, Asia | https://www.visioneaseeyewear.com |
| Privé Revaux | View profile | 11-50 | New York, New York, United States, North America | https://priverevaux.com |
| Hoya Corp | View profile | 36571 | 20th Floor Nishi-Shinjuku Building, 6-10-1, Nishi-Shinjuku, Shinjuku-ku, Tokyo, Japan, 160-8347 | http://www.hoya.co.jp |
| ZEISS Group | View profile | 10001+ | Oberkochen, Baden-Wurttemberg, Germany, Europe | http://www.zeiss.com |
| Essilorluxottica | View profile | 200000 | 147, Rue de Paris, Charenton-Le-Pont, Paris, France, 94220 | https://www.essilorluxottica.com |
MEA prescription lens market size, by country, 2018-2030 (US$M)
Middle East & Africa Prescription Lens Market Share, 2023 & 2030 (US$M)
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