Market Reports on Saudi Arabia Provides the Trending Market Research 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, 2027” under Life Sciences Market Research Reports category. The Ophthalmic Equipment Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
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.
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.
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
•Saudi Arabia Ophthalmic Equipment Market, By Application:
•Saudi Arabia Ophthalmic Equipment Market, By End User:
Hospitals & Clinics
Ambulatory Care Centers
•Saudi Arabia Ophthalmic Equipment Market, By Region:
Northern and Central Region
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