Saudi Arabia Ophthalmic Equipment Market (2024-2030) | Outlook, Companies, Analysis, Share, Industry, Value, Trends, Size, Forecast, Revenue & Growth

Saudi Arabia Ophthalmic Equipment Market Synopsis

Saudi Arabia Ophthalmic Equipment Market is expected to grow at a CAGR of 5.5% during the forecast period, 2020-2026. The market growth is primarily driven by the increasing diabetic population, growing geriatric population, rising awareness about eye care and technological advancements in ophthalmic devices. Furthermore, the government initiatives towards improving the healthcare system are also propelling the market growth in Saudi Arabia.

Market Drivers

Diabetes has become one of the leading causes of vision impairment and blindness worldwide due to which there is an increasing demand for ophthalmic products such as lenses and intraocular lenses (IOLs). According to 6Wresearch, around 3 million people in Saudi Arabia were suffering from diabetes in 2019 and it is estimated that this figure will reach 5 million by 2045 with more than 40% increase rate each year making it one of the highest prevalence rates worldwide. Thus, with a high prevalence rate of diabetes coupled with rising awareness towards preventative healthcare services will boost the demand for ophthalmic equipment over the forecast period.

Challenges of the Market

One key factor hampering growth is high cost associated with these devices and treatments that make it almost impossible for a large section of population residing in rural areas to avail them despite having strong need for same thereby hindering penetration & adoption rate further leading towards low sales volume overall.

Covid 19 Impact on the Market

The global outbreak of Covid-19 has had an unprecedented impact on almost every aspect worldwide including healthcare systems throughout different countries globally which ultimately affected supply chain management along with hospital operations leading to disruption across several markets including Saudi Arabia Ophthalmology Equipment Market. Despite these challenges companies operating within this sector have managed to continue their production activities but experienced a significant slowdown due to a reduced number of elective surgeries & delayed new product launches among other issues thus restraining revenue generation from same.

key players of the Market

Some key players dominating Saudi Arabia ophthalmic equipment market include Carl Zeiss AG; Bausch & Lomb Inc.; Essilor International S.A.; NIDEK Co., Ltd; Topcon Corporation; Hoya Corporation; KOWA Company Limited; SANCO INSTRUMENTS INC.; Ziemer Group Holding AG ; Johnson & Johnson Vision Care Inc.

Key Highlights of the Report:

• Saudi Arabia Ophthalmic Equipment Market Outlook
• Market Size of Saudi Arabia Ophthalmic Equipment Market, 2023
• Forecast of Saudi Arabia Ophthalmic Equipment Market, 2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Revenues & Volume for the Period 2020-2030
• Saudi Arabia Ophthalmic Equipment Market Trend Evolution
• Saudi Arabia Ophthalmic Equipment Market Drivers and Challenges
• Saudi Arabia Ophthalmic Equipment Price Trends
• Saudi Arabia Ophthalmic Equipment Porter's Five Forces
• Saudi Arabia Ophthalmic Equipment Industry Life Cycle
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Product Type for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Diagnostics & Monitoring Devices for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Surgical Instruments for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Vision Care Products for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By End-User for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Consumers for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Hospitals for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Specialty Clinics and Ambulatory Surgery Centers for the Period 2020-2030
• Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Other End Users for the Period 2020-2030
• Saudi Arabia Ophthalmic Equipment Import Export Trade Statistics
• Market Opportunity Assessment By Product Type
• Market Opportunity Assessment By End-User
• Saudi Arabia Ophthalmic Equipment Top Companies Market Share
• Saudi Arabia Ophthalmic Equipment Competitive Benchmarking By Technical and Operational Parameters
• Saudi Arabia Ophthalmic Equipment Company Profiles
• Saudi Arabia Ophthalmic Equipment Key Strategic Recommendations