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, 2027

Saudi Arabia, ophthalmic equipment market is bound to experience impressive growth with anticipated CAGR in the forecast period, 2023-2027, on account of increasing instances of eye diseases. Rapidly increasing eye infections among the population due to the rising number of infectious diseases is further driving the growth of the Saudi Arabia ophthalmic equipment market in the upcoming five years. Studying any kind of eye disease and infection is categorized under ophthalmology. Diagnosis and treatment procedures for the treatment of eye diseases are parts of ophthalmology, and the equipment utilized for the procedures is known as ophthalmic equipment.

Increasing Instances of Eye Disease Drive Market Growth

Saudi Arabia is concerned with the increasing number of eye diseases in the population that demands better healthcare facilities and also drives the growth of the Saudi Arabia ophthalmic equipment market in the upcoming five years. The children population of the country are getting infected and suffering from disorders at a faster rate. In a recent study, children aged between newborn to 6 years old suffered from severe eye conditions like Strabismus (36.9%), RE (26.5%), ocular trauma (7.5%), infection of the cornea, and conjunctiva (7.3%), and keratoconus (6.2%). Genetic abnormalities, increasing infectious instances, and environmental conditions are affecting children and increasing the instances of eye infection and diseases among the population.

Also, the rapidly increasing geriatric population is further supporting the growth of the global ophthalmic equipment market in the next five years. The geriatric population is more susceptible to eye diseases due to weakening eye retinal strength and weaker immunity systems. Creating awareness among the population regarding increasing infection instances among the young and old population is a major driving factor for the growth of the global ophthalmic equipment market in the next five years.

Demand for Better Healthcare Support Market Growth

Saudi Arabia has one of the well-established and free-of-cost healthcare services for its citizen. Saudi Arabia Ministry of Health and other governmental organizations are actively involved in the supervision of best possible patient care facilities availability. The free-of-cost healthcare services are funded by the public for about 75%, and the other 25% comes out of pocket expenditures by the patient. The government of the country is consistently funding the healthcare industry through its annual budgets, and special ailments are provided by royal investments from the royal family through special health programs and healthcare projects.

Surging demand for early diagnosis and effective treatment is also supporting the healthcare industry growth and indirectly supporting the growth of the Saudi Arabia ophthalmic equipment market in the future five years. Better healthcare investments enhance better research and development of innovative medical devices and equipment. Technologically advanced equipment and devices assure early and efficient diagnosis of the disease, as well as enhanced biologics, assure better treatment for the patient, thus supporting the growth of the market in the future years.

Increasing Medical Tourism Supports Ophthalmic Equipment Demand

Saudi Arabia is turning into a global healthcare destination. Patients are crossing miles to obtain world-class healthcare facilities in the country. The country is registering about 37 million health-related trips and a revenue of more than USD 33billion every year. People from other countries are seeking ophthalmic surgeries, treatment, and diagnosis from the Saudi Arabia healthcare industry owing to their world-class facilities and convenient services.

Dubai Health Care City is attracting a large population from Asian countries like India, Malaysia, Singapore, and Thailand. Modern and well-equipped hospitals are experiencing a surge in the number of international patients owing to the private healthcare sector, foreign-trained doctors & specialists, and excellent patient care, thus aiding the growth of the Saudi Arabia ophthalmic equipment market in the next five years.

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Market Segmentation

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.

The application segment is further fragmented into glaucoma, amblyopia, cataract, retinal detachment, and others. On the basis of end-user, the market segments are defined as hospitals & clinics, ambulatory care centers, and others. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among western region, northern and central region, eastern region, southern region.

Company Profile

Alcon Inc., Johnson & Johnson, CooperVision, Inc., Bausch Health Companies, Inc., Carl Zeiss, Inc., Glaukos Corporation, STAAR Surgical Company, Heidelberg Engineering, Inc., among others is a partial list of major market players of the companies responsible for the growth of Saudi Arabia ophthalmic equipment market.

Report Scope:

In this report, Saudi Arabia ophthalmic equipment market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• Saudi Arabia Ophthalmic Equipment Market, By Product:

o   Vision Care Products

o   Ophthalmology Surgical Devices

o   Diagnostic & Monitoring Devices

o   Others

• Saudi Arabia Ophthalmic Equipment Market, By Application:
• Glaucoma
• Amblyopia
• Cataract
• Retinal Detachment
• Others
• Saudi Arabia Ophthalmic Equipment Market, By End User:
• Hospitals & Clinics
• Ambulatory Care Centers
• Others
• Saudi Arabia Ophthalmic Equipment Market, By Region:
• Western Region
• Northern And Central Region
• Eastern Region
• Southern Region

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Saudi Arabia ophthalmic equipment 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).

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