Saudi Arabia Eye Care Market By Product Type (Eyeglasses, Contact Lens, Intraocular Lens, Eye Drops, Eye Vitamins, Others) By Coating (Anti-Glare, UV, Others) By Lens Material (Normal Glass, Polycarbonate, Trivex, Others) By Distribution Channel (Retail Stores, E-Commerce, Clinics, Hospitals) By Region, Competition Forecast & Opportunities, 2027

Saudi Arabia eye care market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on account of rapidly increasing instances of eye diseases among the country’s population. Moreover, the rapidly increasing geriatric population is responsible for the esteemed growth of the market in the upcoming five years. The geriatric population is more susceptible to contracting eye infections and diseases that weaken the eyesight and vision, therefore, surging the demand for a better healthcare facility for such patients and aiding the growth of the Saudi Arabia eye care market in the next five years.

Cases of glaucoma, cataract and other optical damages are multiplying among the country’s population and are driving the growth of the Saudi Arabia eyecare market. Also, the technological advancement and consistent research over better technologies and methods for eye care and related diseases are also supporting the growth of the market. Market players are heavily invested in bringing the best possible services and devices that aid eye care health for the patients in the country and aiding the growth of the market further in the future five years until 2027.

The Saudi Arabia eye care market is segmented by product type, coating, lens material, distribution channel, competitional landscape, and regional distribution. Based on product type, the market is further bifurcated into eyeglasses, contact lenses, intraocular lenses, eye drops, eye vitamins, and others. Eyeglasses are anticipated to hold the largest shares of the revenue in the market segment. The sub-segment might dominate the market segment on account of rapidly increasing cases of weak eyesight among the population.

The rising geriatric population and increased cases of weak eyesight in young children are the major driving factor for the market growth. The lifestyle of the population and their involvement in activities like prolonged exposure to the screen like smartphones, television, laptops, gaming station, etc., is aiding the extensive growth of the demand for eyeglasses in the subsequent five years. Contact lenses are anticipated to register the fastest growing CAGR in the next five years on the grounds of consumer inclination toward contact lenses for the weaker eyesight. Also, due to the trend of multiple colored eye lenses for aesthetics and makeovers, the demand for the same is rapidly increasing and substantiating the growth of the Saudi Arabia eye care market in the upcoming five years.

A partial list of market players in the Saudi Arabia eye care market includes Bausch Health Companies, Inc. (Saudi Arabia), Alcon, Inc. (Saudi Arabia), Johnson & Johnson, Cooper Vision, Inc. (Saudi Arabia), Essilor Luxottica Group (Saudi Arabia), AbbVie Inc. (Saudi Arabia), Carl Zeiss, Inc. (Saudi Arabia), Novartis Saudi Arabia, Pfizer Saudi Limited, Al Barakat Group Company Ltd. (TRIANO Lab) among others. These market players hold larger shares of the market than the new market players.

With the evolving technology, it is appropriate to say that the effective research and development of technologically advanced instruments and methods to satisfy consumer demands would support the market growth and benefit the market players as well as the consumers. New market players may focus on the research and development to provide such products and services that satisfy the consumer demand as well as benefits the market players in building their brand value. Other competitive strategies include mergers & acquisitions and new product developments.

Objective of the Study:

• To analyze the historical growth of the market size of Saudi Arabia eye care market from 2017 to 2020.
• To estimate and forecast the market size of Saudi Arabia eye care market from 2021 to 2027 and growth rate until 2027. 
• To classify and forecast Saudi Arabia eye care market based on product type, coating, lens material, distribution channel, competitional landscape, and regional distribution.
• To identify dominant region or segment in the Saudi Arabia eye care market.
• To identify drivers and challenges for Saudi Arabia eye care market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia eye care market.
• To identify and analyze the profile of leading players operating in Saudi Arabia eye care market.
• To identify key sustainable strategies adopted by market players in Saudi Arabia eye care market.

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TechSci Research performed both primary as well as exhaustive secondary research for this study. Initially, TechSci Research sourced a list of manufacturers, suppliers, and service providers 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 eye care 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:

• Eye care manufacturers, end users, and other stakeholders
• Distributers and suppliers of the products and other stakeholders
• Organizations, forums, and alliances related to eye care
• 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 eye care market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Eye care Market, By Product Type:

o   Eyeglasses

o   Contact Lens

o   Intraocular Lens

o   Eye Drops

o   Eye Vitamins

o   Others

• Saudi Arabia Eye care Market, By Coating:
• Anti-Glare
• UV
• Others
• Saudi Arabia Eye care Market, By Lens Material:
• Normal Glass
• Polycarbonate
• Trivex
• Others
• Saudi Arabia Eye care Market, By Distribution Channel:
• Retail Stores
• E-Commerce
• Clinics
• Hospitals
• Saudi Arabia Eye care Market, By Region:
• Northern & Central
• Southern
• Eastern
• Western

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia eye care market.

Available Customizations:

With the given market data, TechSci Research offers customizations according to a company’s specific needs. The following customization options are available for the report:

Company Information

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

Saudi Arabia Eye care Market is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]