Saudi Arabia eye drops market is bound
to experience impressive growth with anticipated CAGR in the forecast period,
2023-2027, on account of rising instances of eye infection. The population at
large is experiencing the adverse effects of industrialization. The toxic
gases, along with the harmful elements, are spread widely and create a harmful
and painful eye irritant atmosphere. These irritants cause severe damage to the
eyes and might lead to eye inflammation, eye allergy, etc. Thus, the factor is
actively driving the growth of the Saudi Arabia eye drops market.
Moreover, the
availability of the various eye drops that are used for the treatments is
driving the growth of the market. Along with the rising ophthalmic disorders,
drug discoveries and development are anticipated to support the Saudi Arabia
eye drops market in the next five years. The pharmaceutical companies and
research institutes in the drug discovery sector are rapidly increasing. With
surging demands from the healthcare industry, research and development are
rapidly increasing and evolving. The technological advancement is supporting
the advancement of the eye drops and better products that would support the
consumer demands and further substantiate the growth of the Saudi Arabia eye
drops market in the future five years of the forecast, until 2027.
The Saudi Arabia eye drops market is
segmented by type, drug class, disease indication, distribution channel,
end-user, competitional landscape, and regional distribution. Based on drug
class, the market is further sub-segmented into antiallergy, anti-inflammatory,
antiglaucoma, anti-VEGF, and others. Antiallergy drugs are anticipated to hold
the largest revenue shares of the market ad assert their dominance over the
market on account of rising instances of allergic reactions and causing eye
infections.
Moreover, the worsening conditions of the environment and the
rising presence of toxic gases and elements in the air are further driving the
growth of the allergy drug segment in the upcoming five years. Additionally,
antiallergy drugs are often available as over counter drugs and are easily
accessible. These factors are actively supporting the growth of the Saudi
Arabia eyes drops market in the next five years. Antiglaucoma is anticipated to
register the fastest growing CAGR on account rising number of patients
suffering from diabetes and glucose-related diseases. The infection and
presence of excess glucose spread through the eye and develop eye diseases.
Furthermore, rising cases of glaucoma, cataract is also driving the growth of
the Saudi Arabia eye drops market in the future five years of forecast.
A partial list of market players in the
Saudi Arabia eye drops market includes Amman Pharma, Jamjoom Pharma, Riyadh
Pharma, Orchidia Pharmaceutical Industries, Pfizer Saudi Limited, Sanofi
Aventis Arabia Company Limited, Tabuk Pharmaceuticals Manufacturing Co.,
Novartis Saudi Arabia, Alcon Saudi Arabia, Johnson & Johnson Saudi Arabia,
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 drops market from 2017 to 2020.
- To
estimate and forecast the market size of Saudi Arabia eye drops market from
2021 to 2027 and growth rate until 2027.
- To classify and
forecast Saudi Arabia eye drops market based on type, drug class, disease
indication, distribution channel, end user, competitional landscape, and
regional distribution.
- To identify dominant region or segment in the Saudi Arabia eye
drops market.
- To
identify drivers and challenges for Saudi Arabia eye drops market.
- To
examine competitive developments such as expansions, new product launches,
mergers & acquisitions, etc., in Saudi Arabia eye drops market.
- To identify and analyze the profile
of leading players operating in Saudi Arabia eye drops market.
- To identify key sustainable strategies adopted by market players in
Saudi Arabia eye drops 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 drops 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 drops manufacturers, end users, and other stakeholders
- Distributors and suppliers of the products and other stakeholders
- Organizations, forums, and alliances related to eye drops
- 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
|
·
Type
·
Drug Class
·
Disease Indication
·
Distribution Channel
·
End User
|
Regional scope
|
Northern
& Central; Southern; Eastern; Western
|
Key companies profiled
|
Amman Pharma, Jamjoom Pharma, Riyadh Pharma, Orchidia
Pharmaceutical Industries, Pfizer Saudi Limited, Sanofi Aventis Arabia
Company Limited, Tabuk Pharmaceuticals Manufacturing Co., Novartis Saudi
Arabia, Alcon Saudi Arabia, Johnson & Johnson Saudi Arabia.
|
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 drops market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Saudi Arabia Eye Drops Market, By Type:
o Prescription
o Over-The-Counter
- Saudi Arabia Eye Drops Market, By Drug
Class:
- Antiallergy
- Anti-inflammatory
- Antiglaucoma
- Anti-VEGF
- Others
- Saudi Arabia Eye Drops Market, By Disease
Indication:
- Dry Eye Diseases
- Glaucoma
- Eye Allergy
- Eye Infections
- Retinal Disorders
- Others
- Saudi Arabia Eye Drops Market, By Distribution
Channel:
- Hospitals Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Saudi Arabia Eye Drops Market, By End
User:
- Hospitals & Clinics
- Homecare
- Others
- Saudi Arabia Eye Drops Market, By
Region:
- Northern & Central
- Southern
- Eastern
- Western
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Saudi Arabia eye drops 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 drops
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