Saudi Arabia Ophthalmic Equipment Market (2024-2030) | Outlook, Companies, Analysis, Share, Industry, Value, Trends, Size, Forecast, Revenue & Growth

Market Forecast By Product Type (Diagnostics & Monitoring Devices, Surgical Instruments, Vision Care Products), By End-User (Consumers, Hospitals, Specialty Clinics and Ambulatory Surgery Centers, Other End Users) And Competitive Landscape
Product Code: ETC032099 Publication Date: Jul 2023 Updated Date: May 2024 Product Type: Report
Publisher: 6Wresearch No. of Pages: 70 No. of Figures: 35 No. of Tables: 5

Saudi Arabia Ophthalmic Equipment Market Competition 2023

Saudi Arabia Ophthalmic Equipment market currently, in 2023, has witnessed an HHI of 2563, Which has decreased slightly as compared to the HHI of 2886 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.

 Saudi Arabia Ophthalmic Equipment Market Competition 2023

Saudi Arabia Export Potential Assessment For Ophthalmic Equipment Market (Values in USD Thousand)


Saudi Arabia Export Potential Assessment For Ophthalmic Equipment Market (Values in USD Thousand)

Saudi Arabia Ophthalmic Equipment Market Synopsis

Saudi Arabia Ophthalmic Equipment Market is expected to grow at a CAGR of 5.5% during the forecast period, 2020-2026. The market growth is primarily driven by the increasing diabetic population, growing geriatric population, rising awareness about eye care and technological advancements in ophthalmic devices. Furthermore, the government initiatives towards improving the healthcare system are also propelling the market growth in Saudi Arabia.

Market Drivers

Diabetes has become one of the leading causes of vision impairment and blindness worldwide due to which there is an increasing demand for ophthalmic products such as lenses and intraocular lenses (IOLs). According to 6Wresearch, around 3 million people in Saudi Arabia were suffering from diabetes in 2019 and it is estimated that this figure will reach 5 million by 2045 with more than 40% increase rate each year making it one of the highest prevalence rates worldwide. Thus, with a high prevalence rate of diabetes coupled with rising awareness towards preventative healthcare services will boost the demand for ophthalmic equipment over the forecast period.

Challenges of the Market

One key factor hampering growth is high cost associated with these devices and treatments that make it almost impossible for a large section of population residing in rural areas to avail them despite having strong need for same thereby hindering penetration & adoption rate further leading towards low sales volume overall.

Covid 19 Impact on the Market

The global outbreak of Covid-19 has had an unprecedented impact on almost every aspect worldwide including healthcare systems throughout different countries globally which ultimately affected supply chain management along with hospital operations leading to disruption across several markets including Saudi Arabia Ophthalmology Equipment Market. Despite these challenges companies operating within this sector have managed to continue their production activities but experienced a significant slowdown due to a reduced number of elective surgeries & delayed new product launches among other issues thus restraining revenue generation from same.

key players of the Market

Some key players dominating Saudi Arabia ophthalmic equipment market include Carl Zeiss AG; Bausch & Lomb Inc.; Essilor International S.A.; NIDEK Co., Ltd; Topcon Corporation; Hoya Corporation; KOWA Company Limited; SANCO INSTRUMENTS INC.; Ziemer Group Holding AG ; Johnson & Johnson Vision Care Inc.

Key Highlights of the Report:

  • Saudi Arabia Ophthalmic Equipment Market Outlook
  • Market Size of Saudi Arabia Ophthalmic Equipment Market, 2023
  • Forecast of Saudi Arabia Ophthalmic Equipment Market, 2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Revenues & Volume for the Period 2020-2030
  • Saudi Arabia Ophthalmic Equipment Market Trend Evolution
  • Saudi Arabia Ophthalmic Equipment Market Drivers and Challenges
  • Saudi Arabia Ophthalmic Equipment Price Trends
  • Saudi Arabia Ophthalmic Equipment Porter's Five Forces
  • Saudi Arabia Ophthalmic Equipment Industry Life Cycle
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Product Type for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Diagnostics & Monitoring Devices for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Surgical Instruments for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Vision Care Products for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By End-User for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Consumers for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Hospitals for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Specialty Clinics and Ambulatory Surgery Centers for the Period 2020-2030
  • Historical Data and Forecast of Saudi Arabia Ophthalmic Equipment Market Revenues & Volume By Other End Users for the Period 2020-2030
  • Saudi Arabia Ophthalmic Equipment Import Export Trade Statistics
  • Market Opportunity Assessment By Product Type
  • Market Opportunity Assessment By End-User
  • Saudi Arabia Ophthalmic Equipment Top Companies Market Share
  • Saudi Arabia Ophthalmic Equipment Competitive Benchmarking By Technical and Operational Parameters
  • Saudi Arabia Ophthalmic Equipment Company Profiles
  • Saudi Arabia Ophthalmic Equipment Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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1 Executive Summary

2 Introduction

2.1 Key Highlights of the Report

2.2 Report Description

2.3 Market Scope & Segmentation

2.4 Research Methodology

2.5 Assumptions

3 Saudi Arabia Ophthalmic Equipment Market Overview

3.1 Saudi Arabia Country Macro Economic Indicators

3.2 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, 2020 & 2030F

3.3 Saudi Arabia Ophthalmic Equipment Market - Industry Life Cycle

3.4 Saudi Arabia Ophthalmic Equipment Market - Porter's Five Forces

3.5 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume Share, By Product Type, 2020 & 2030F

3.6 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume Share, By End-User, 2020 & 2030F

4 Saudi Arabia Ophthalmic Equipment Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.3 Market Restraints

5 Saudi Arabia Ophthalmic Equipment Market Trends

6 Saudi Arabia Ophthalmic Equipment Market, By Types

6.1 Saudi Arabia Ophthalmic Equipment Market, By Product Type

6.1.1 Overview and Analysis

6.1.2 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Product Type, 2020-2030F

6.1.3 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Diagnostics & Monitoring Devices, 2020-2030F

6.1.4 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Surgical Instruments, 2020-2030F

6.1.5 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Vision Care Products, 2020-2030F

6.2 Saudi Arabia Ophthalmic Equipment Market, By End-User

6.2.1 Overview and Analysis

6.2.2 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Consumers, 2020-2030F

6.2.3 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Hospitals, 2020-2030F

6.2.4 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Specialty Clinics and Ambulatory Surgery Centers, 2020-2030F

6.2.5 Saudi Arabia Ophthalmic Equipment Market Revenues & Volume, By Other End Users, 2020-2030F

7 Saudi Arabia Ophthalmic Equipment Market Import-Export Trade Statistics

7.1 Saudi Arabia Ophthalmic Equipment Market Export to Major Countries

7.2 Saudi Arabia Ophthalmic Equipment Market Imports from Major Countries

8 Saudi Arabia Ophthalmic Equipment Market Key Performance Indicators

9 Saudi Arabia Ophthalmic Equipment Market - Opportunity Assessment

9.1 Saudi Arabia Ophthalmic Equipment Market Opportunity Assessment, By Product Type, 2020 & 2030F

9.2 Saudi Arabia Ophthalmic Equipment Market Opportunity Assessment, By End-User, 2020 & 2030F

10 Saudi Arabia Ophthalmic Equipment Market - Competitive Landscape

10.1 Saudi Arabia Ophthalmic Equipment Market Revenue Share, By Companies, 2023

10.2 Saudi Arabia Ophthalmic Equipment Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

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