Expanding healthcare sector in the country is driving the growth of Saudi Arabia Ophthalmic Equipment Market, in the forecast period, 2022-2026.
According to TechSci report on, “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, 2026”, Saudi Arabia ophthalmic equipment market has shown promising growth in historical years until 2019 and is expected to continue its growth in upcoming forecast years 2021 to 2026.
Saudi Arabia ophthalmic equipment market owes its growth to the factors like increasing demand for the early diagnosis and efficient treatment for eye diseases. Increasing instances of ophthalmic diseases and eye infection is further supporting the growth of the Saudi Arabia ophthalmic equipment market in the upcoming five years.
Expanding healthcare services and the availability of the free healthcare facilities for the citizen of the Kingdom of Saudi Arabia is also supporting the growth of the Saudi Arabia ophthalmic equipment market in the next five years. Government and private funding are sustaining the futuristic growth of the healthcare sector in the country and thus further substantiating the growth of the Saudi Arabia ophthalmic equipment market in the future five years.
Rising geriatric population is also more susceptible to weak eyesight and thus demand better patient care thus aiding the growth of the Saudi Arabi ophthalmic equipment market in the forecast period. Furthermore, increasing medical tourism, inbound and outbound, is also expected to support the robust growth of the Saudi Arabia ophthalmic equipment market in the forecast years, until 2026.
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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 bifurcated into vision care products, ophthalmology surgical devices, diagnostic & monitoring devices, and others. Vision care products are anticipated to register largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of increasing number of patients suffering from weak eyesight.
Also, lifestyle choices and eating habits have weakened the immunity and thus eyesight of the larger population. Children are adamant toward prolong television, laptop screen, smartphones exposure. Along with lack of physical activities and excessive strain on eyes, reduce the retinal strength and thus cause weaker eyesight problems among children. Geriatric population is very susceptible to weak eyesight and eye diseases, thus also supporting the growth of the Saudi Arabia ophthalmic equipment market in the next five years.
Diagnostic and monitoring devices are expected to register significant growth in the future five years on the account of increasing instances of eye diseases and weak eyesight problems. Moreover, demand for the early diagnosis and effective treatment is further supporting the growth of the sub-segment as well as aid the growth of the Saudi Arabia ophthalmic equipment market in the next five years.
Ophthalmology surgical devices are expected to register fastest growth in the upcoming five years. Increasing medical tourism, increasing number of eye-surgeries, and enhanced healthcare system of the country is driving the growth of the sub-segment along with the growth of the Saudi Arabia ophthalmic equipment market in the forecast period.
On the basis of end user, the market segments are defined as hospitals & clinics, ambulatory care centers, and others. Hospitals & clinics are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years. The segment growth can be attributed to the increasing number of surgeries related to eye infection, corrective vision, etc.
Moreover, the hospitals and clinics are better equipped with the equipment and tools. Also, the financial investment required for the ophthalmology surgery aids the growth of the sub-segment and the growth of the Saudi Arabia ophthalmology equipment market in the future five years.
A partial list of market players functioning in the Saudi Arabia ophthalmology equipment market in the forecast years include,
- Alcon Inc.
- Johnson & Johnson
- CooperVision, Inc.
- Bausch Health Companies, Inc.
- Carl Zeiss, Inc.
- Glaukos Corporation
- STAAR Surgical Company
- Heidelberg Engineering, Inc.
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“Diseases like glaucoma, amblyopia, cataract, retinal detachment, and others are the most demanding diseases for the ophthalmic equipment. Early diagnosis and then effective treatment demands substantiate the growth of the Saudi Arabia ophthalmic equipment market in the next five years. Out of the large population in Saudi Arabia suffering from various eye infection, about 30.5% suffer from glaucoma, which is a disease that damages the optic nerve. Cases of amblyopia in Saudi Arabia counts for approximately, 10%. Increasing such cases is severe, and accounts for increasing growth of the Saudi Arabia ophthalmic equipment market in the future five years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“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, 2026” has evaluated the future growth potential of Saudi Arabia ophthalmic equipment market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in Saudi Arabia ophthalmic equipment market.
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