Saudi Arabia Ophthalmic Equipment Market to Grow Due to Technological Advancement until 2026
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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