Saudi Arabia Ophthalmic Equipment Market, By Product (Vision Care Products, Ophthalmology Surgical Devices, Diagnostic & Monitoring Devices, Others), By Application (Glaucoma, Amblyopia, Cataract, Retinal Detachment, Others), By End User (Hospitals & Clin

Saudi Arabia Ophthalmic Equipment Market, By Product (Vision Care Products, Ophthalmology Surgical Devices, Diagnostic & Monitoring Devices, Others), By Application (Glaucoma, Amblyopia, Cataract, Retinal Detachment, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia ophthalmic equipment market is projected to register a significant CAGR during the forecast period. The growth can be attributed to the increasing prevalence of eye-related disorders such as glaucoma, cataract, and other issues and technological advancements in ophthalmic devices. Besides, rising adoption of contact lenses and spectacles and government initiatives to control visual impairment are supporting the growth of Saudi Arabia ophthalmic equipment market. Increasing penetration of digital devices such as laptops, smartphones, etc., and increase in focus on customer training and education among eye care professionals are adding to the growth of Saudi Arabia ophthalmic equipment market. Moreover, surge in R&D activities for the development of novel devices to correct vision and introduction of intraocular lenses are expected to boost the growth of Saudi Arabia ophthalmic equipment market. Genetic abnormalities, environmental conditions, etc. are leading to increased instances of eye diseases like Strabismus, ocular trauma, infection of the cornea, conjunctiva, etc., among children, which is supporting the rising adoption of ophthalmic equipment. Geriatric population is more vulnerable to eye diseases due to weaking of eye muscles, low retinal strength, weak immunity system, etc., which is further contributing to the market growth of ophthalmic equipment in Saudi Arabia. Saudi Arabia provides free-of-cost healthcare services for its citizens through special health programs and healthcare projects, which is contributing to the rise in adoption of Saudi Arabia ophthalmic equipment market. Modern and well-equipped hospitals in Saudi Arabia are experiencing an influx of international patients for treatment of various diseases, which is expected to aid the growth of the Saudi Arabia ophthalmic equipment market in the next five years. However, low awareness regarding eye disorders is anticipated to restrict the Saudi Arabia ophthalmic equipment market growth.

The Saudi Arabia ophthalmic equipment market segmentation is based on product, application, end user, competitional landscape, and regional distribution. Based on product, the market is further segmented into vision care products, ophthalmology surgical devices, diagnostic & monitoring devices, and others. The vision care products segment is expected to dominate the Saudi Arabia ophthalmic equipment market owing to factors such as increased preference for contact lenses over prescription glasses and rising penetration of innovative lenses.

Major players operating in the Saudi Arabia ophthalmic equipment market include Alcon Inc., Johnson & Johnson, CooperVision, Inc., Bausch Health Companies, Inc., Carl Zeiss, Inc., Glaukos Corporation, STAAR Surgical Company, Heidelberg Engineering, Inc., among others.

Years considered for this report:

Historical Years: 2017-2020

Base Year: 2021

Estimated Year: 2022E

Forecast Period: 2023F–2027F

Objective of the Study:

• To analyze the historical growth in the market size of Saudi Arabia ophthalmic equipment market from 2017 to 2021.
• To estimate and forecast the market size of Saudi Arabia ophthalmic equipment market from 2022E to 2027F and growth rate until 2027F.
• To classify and forecast Saudi Arabia ophthalmic equipment market based on product, application, end user, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia ophthalmic equipment market.
• To identify drivers and challenges for Saudi Arabia ophthalmic equipment market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia ophthalmic equipment market.
• To identify and analyze the profile of leading players operating in Saudi Arabia ophthalmic equipment market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia ophthalmic equipment market.

TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers across the country. Subsequently, TechSci Research conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, TechSci Research could include the manufactures which could not be identified due to the limitations of secondary research. TechSci Research analyzed the manufactures, distribution channels and presence of all major players across the country.

TechSci Research calculated the market size of Saudi Arabia ophthalmic equipment market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. TechSci Research sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by TechSci Research.

Key Target Audience:

• Ophthalmic equipment manufacturers, end users, and other stakeholders
• distributors and suppliers of the products and other stakeholders
• Organizations, forums, and alliances related to ophthalmic equipment
• Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.

Report Scope:

In this report, Saudi Arabia ophthalmic equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Ophthalmic Equipment Market, By Product:
• Vision Care Products
• Ophthalmology Surgical Devices
• Diagnostic & Monitoring Devices
• Others
• Saudi Arabia Ophthalmic Equipment Market, By Application:
• Glaucoma
• Amblyopia
• Cataract
• Retinal Detachment
• Others
• Saudi Arabia Ophthalmic Equipment Market, By End User:
• Hospitals & Clinics
• Ambulatory Care Centers
• Others
• Saudi Arabia Ophthalmic Equipment Market, By Region:
• Western Region
• Northern and Central Region
• Eastern Region
• Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia ophthalmic equipment market.

Company Information

• Detailed analysis and profiling of additional market players (up to five).

Companies Mentioned

1.Alcon Inc.
2.Johnson & Johnson
3.CooperVision, Inc.
4.Bausch Health Companies, Inc
5.Carl Zeiss, Inc.
6.Glaukos Corporation
7.STAAR Surgical Company
8.Heidelberg Engineering, Inc.

Please Note: Report will be updated with the latest data and delivered to you within 3-5 working days of order. Single User license will be delivered in PDF format without printing rights