Saudi Arabia Ophthalmic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Saudi Arabia Ophthalmic Devices Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The Saudi Arabia Ophthalmic Devices Market is poised to grow at a CAGR of 7.5% over the forecast period.

The COVID-19 pandemic affected healthcare systems globally and resulted in the interruption of usual care in many healthcare facilities, exposing vulnerable patients to significant risks. COVID-19 has impacted the growth of the studied market. For instance, according to an article published in July 2021, titled ‘Ophthalmologist perceived effect of COVID-19 related lockdown on ophthalmic practice and patient care in Saudi Arabia’, it has been observed that the ophthalmic clinics and eye care centers were shut down due to lockdown measures taken by the government to avoid the spread of coronavirus. In addition, as per the same source, 86.8% of ophthalmologists were offering consultancy services rather than attending to patients in the clinic. Thus, COVID-19 has impacted both clinical and surgical eye services in the Kingdom of Saudi Arabia. However, with the resumed ophthalmic services in eye care centers, and ophthalmic clinics and increased hospital visits, the studied market is expected to witness significant growth over the forecast period.

Certain factors that are propelling the market growth are the increasing prevalence of eye diseases and technological advancements in ophthalmic devices.

The rising burden of eye disease among the population is the key factor driving the market growth. According to the study titled “Prevalence Rates and Risk Factors for Primary Open Angle Glaucoma in the Middle East” published in December 2021, glaucoma prevalence and determinants among Saudi residents aged 40 and older were 5.6%. Thus, the increasing prevalence of ophthalmic diseases such as glaucoma is expected to rise the demand for ophthalmic devices that helps in diverting the aqueous humor from the anterior chamber to an external reservoir, thereby boosting the market growth.

Additionally, according to the study titled “Impact of Dry Eye Disease on Work Productivity Among Saudi Workers in Saudi Arabia” published in June 2021, the prevalence of Dry Eye Diseases (DED) in Saudi Arabia was found to be 32.1%. Dry Eye Disease (DED) is one of the most common reasons patients seek out ophthalmologists and optometrists which is expected to increase the demand for ophthalmic devices, thereby propelling the market growth.

Furthermore, the rising awareness among the population regarding eye-related diseases such as cataracts, glaucoma, dry eye disease, and others also increases the demand for eye treatment which in turn is anticipated to propel the market growth over the forecast period. For instance, according to a cross-sectional based study published in June 2021, titled ‘Public Awareness of Common Eye Diseases and the Role of Pharmacists in Raising This Awareness in Saudi Arabia: A Cross-Sectional Study’, the study was conducted (between 15 November 2020 to 15 January 2021) estimating the knowledge and awareness about common eye problems and their possible risk factors among the general population of the Hail Region, Saudi Arabia. It has been observed that 31% of the participants were aware of cataracts, 43% were aware of glaucoma, 66% were aware of dry eyes, and 44% were aware of diabetic retinopathy. In addition, as per the same source, 46% of the participants were aware of eye conditions, with male participants being more knowledgeable than female participants.

However, the risks associated with ophthalmic procedures are likely to impede market growth over the forecast period.

Key Market TrendsSurgical Devices are Expected to Register a High CAGR in the Saudi Arabia Ophthalmic Devices Market During the Forecast Period

The surgical devices segment is expected to witness significant growth in the Saudi Arabia ophthalmic devices market over the forecast period owing to the factors such as the rising prevalence of eye diseases such as cataracts, glaucoma, myopia, and others, increasing geriatric population in the country as well as raising awareness among the population related to eye diseases. For instance, according to a cross-sectional study published in November 2020, titled ‘The prevalence of refractive errors among Saudi adults in Riyadh, Saudi Arabia’, it was observed that 48.7% of the adults were found to have myopia, 25.2% with hyperopia and 66.3% has astigmatism. Thus, the high burden of astigmatism among Saudis followed by myopia and hyperopia is expected to increase the demand for surgical devices for treating refractive errors, thereby propelling the market growth.

In addition, the increasing aging population in the country is also expected to increase the demand for ophthalmic devices as they are more prone to develop age-related eye diseases such as cataracts, glaucoma, age-related macular degeneration, diabetic retinopathy, and presbyopia. For instance, according to the 2022 statistics published by the United Nations Population Fund, in Saudi Arabia, a large proportion of the living population is aged 15-64 and accounts for 72% in 2022. In addition, as per the same source, 4% of the population is aged 65 years and above in 2022.

Thus, owing to the aforementioned factors, the studied market is expected to grow over the forecast period.

Competitive Landscape

Saudi Arabia is a developing country. However, the healthcare system in the country is still well-structured. As a result, many global players in the ophthalmic devices market are present in the country. This factor has made the region moderately competitive. Some of the key players in the market are Alcon Inc, Bausch Health Companies Inc, Carl Zeiss Meditec AG, Johnson and Johnson, Ziemer Group AG, and Nidek Co. Ltd.

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