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.
Click here to download the sample
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.
|
Attribute
|
Details
|
|
Base Year
|
2021
|
|
Historical Data
|
2017 – 2020
|
|
Estimated Year
|
2022
|
|
Forecast Period
|
2023 – 2027
|
|
Quantitative Units
|
Revenue in USD Million and CAGR for 2017-2021 and 2022-2027
|
|
Report coverage
|
Revenue
forecast, company share, competitive landscape, growth factors, and trends
|
|
Segments covered
|
·
Product Type
·
Coating
·
Lens Material
·
Distribution Channel
|
|
Regional scope
|
Northern
& Central; Southern; Eastern; Western
|
|
Key companies profiled
|
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).
|
|
Customization scope
|
10% free
report customization with purchase. Addition or alteration to country,
regional & segment scope.
|
|
Pricing and purchase options
|
Avail customized purchase options to meet your exact research
needs. Explore purchase options
|
|
Delivery Format
|
PDF and Excel through Email (We can also
provide the editable version of the report in PPT/Word format on special
request)
|
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:
- 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]