Uzbekistan Contact Lenses Market Synopsis
The Uzbekistan Contact Lenses Market demonstrated moderate growth in the years prior to the COVID-19 pandemic. This growth was attributed to the rising prevalence of vision issues and an increased reliance on digital screens. However, in 2020, the country's contact lens market experienced a downturn. This decline was primarily a result of Uzbekistan's heavy dependence on imports, which left them vulnerable to supply constraints caused by disruptions in global production and distribution brought on by the COVID-19 pandemic and associated lockdowns. Nevertheless, the contact lens market is poised for a resurgence in the forecast period. This resurgence can be attributed to several factors, including technological advancements in the industry, the ongoing trend of digitalization, and the prevalence of screen-centric lifestyles. Additionally, the increased adoption of contact lenses for outdoor activities, coupled with the growing occurrence of vision problems, is expected to have a positive impact on the contact lens market in Uzbekistan.
As per this research, the Uzbekistan Contact Lenses Market is projected to grow at a CAGR of 4.7% from 2023 to 2029. This growth is attributed to the rapidly evolving lifestyle of the population, marked by increased digitalization, including the widespread streaming of popular web series and shows. This digital transformation has led to heightened exposure to screens, with a simultaneous rise in internet penetration. The aftermath of the COVID-19 pandemic has witnessed a surge in cases of weakened vision and other related ocular issues. Factors contributing to this trend include the prevalence of work-from-home policies and the resulting extended screen time for the working population. These circumstances have amplified eye strain, prompting the development of speciality contact lenses tailored for computer or screen use. These lenses offer enhanced comfort, breathability, and customization, thus driving demand. Furthermore, the healthcare sector in Uzbekistan has witnessed increased investments, with international organizations partnering with the Government of Uzbekistan to provide world-class health facilities. This development is expected to generate strong demand for contact lenses in the foreseeable future.
Market by Design
By Design, Spherical contact lenses are likely to grow in the forthcoming years as they can help correct vision problems such as far-sightedness and near-sightedness. Moreover, it is used to change the appearance of eyes and improve certain eye conditions, likely making it more popular among its users.
Market by Material
Silicon hydrogel soft contact lenses acquired the maximum market share as compared to traditional hydrogel soft contact lenses owing to more oxygen permeability which is essential for the comfort of the eyes. Moreover, it is suitable for extended and continuous wear coupled with less dehydration and better resistance to deposits. Additionally, it is suitable for astigmatism and presbyopia eye conditions expanding its applicability to a broader range of contact lens wearers.
Market by Application
By Application, Cosmetic contact lenses are likely to grow during the forecast period owing to the increasing young population that is already inclined towards the latest fashion trends and beauty. Moreover, the cosmetic lens helps in aesthetic appearance enhancement which is likely to increase its popularity among the young population.
Market by Usage
In 2022, Daily disposable soft contact lenses garnered the maximum revenue share owing to the convenience of use, hygiene, and comfort in use coupled with reduced allergen build-up owing to one-time use. Moreover, it does not require any maintenance pertaining to cleaning, disinfecting, or replacing lens cases which saves time and money.
Market by Distribution Channel
In 2022, the Offline Distribution Channel garnered the maximum revenue share in the contact lens market in terms of distribution, owing to the presence of a large number of optics stores which also helps in deciding the most suitable lens as per the requirement. Moreover, it facilitates testing of contact lenses, therefore making it more preferable among consumers.
Market by Demography
In 2022, the 15-29 age group garnered the maximum revenue share in the contact lens market as per demography segment owing to increased exposure to screen time and increased digitalization, especially post-COVID-19 owing to the shift of education to online mode and working from home in working places.
Key Attractiveness of the Report
- COVID-19 Impact on the Market.
- 11 Years Market Numbers.
- Historical Data Starting from 2019 to 2022.
- Base Year: 2022
- Forecast Data until 2029.
- Key Performance Indicators Impacting the Market.
- Major Upcoming Developments and Projects.
Key Highlights of the Report
- Uzbekistan Contact Lenses Market Overview
- Uzbekistan Contact Lenses Market Outlook
- Uzbekistan Contact Lenses Market Forecast
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Material, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Design, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Application, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Usage, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Distribution Channel, for the Period 2019-2029F
- Historical Data and Forecast of Uzbekistan Contact Lenses Market Revenues, By Demography, for the Period 2019-2029F
- Uzbekistan Contact Lenses Market Revenue Share, By Companies
- Uzbekistan Contact Lenses Market Drivers and Restraints
- Uzbekistan Contact Lenses Market Trends
- Uzbekistan Contact Lenses Market User Wearer Profile
- Uzbekistan Contact Lenses Market Offline and Online Prices
- Uzbekistan Contact Lenses Market Porters Five Forces
- Uzbekistan Contact Lenses Market Opportunity Assessment
- Competitive Benchmarking
- Company Profiles
- Key Strategic Recommendations
Market Scope and Segmentation
The report provides a detailed analysis of the following market segments:
By Design
- Spherical
- Toric
- Multifocal
- Others
By Material
- Gas Permeable
- Silicone Hydrogel
- Hybrid
By Application
- Corrective
- Therapeutic
- Cosmetic
- Prosthetic
- Lifestyle-oriented
By Usage
- Daily Disposable
- Disposable
- Frequently Replacement
- Traditional
By Distribution Channel
- Online
- Eye Care Practitioners
- Offline
By Demography
- 0-14 Years Age Group
- 15-29 Years Age Group
- 30-60 Years Age Group
- 60 and Above Age Group
Table of Contents
1. Executive Summary
Companies Mentioned
- Johnson & Johnson Vision Care, Inc.
- CooperVision, Inc.
- Bausch & Lomb
- Alcon
- Menicon Co., Ltd.
- Avizor
- Vision Care
- Smart Optics LLC
