Saudi Arabia Ophthalmic Devices Market Size: Key Facts and Forecast Predictions Presented 2022-2031

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The ophthalmic devices are medical equipment designed for diagnosis, surgical, and vision correction purposes. These devices have gained increasing importance and adoption in Saudi Arabia due to high prevalence of various ophthalmic diseases, such as glaucoma, cataract, and other vision-related issues. Moreover, technological advancements in the field has also boosted the adoption rate.

However, although there have been advancements, the devices are stilled deemed unsafe, and can cause damages if not handled professionally. This factor has been restraining the market growth.

Key Market Trends

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Vision Correction Devices are Expected to Register a High CAGR During the Forecast Period


The vision correction devices or corrective lenses are used to aid and improve vision for those with common refractive errors like myopia, hypermetropia, astigmatism, and presbyopia. These visual impairments result in low vision. Moreover, these conditions seem to be rising in Saudi Arabia.

Visual impairments are more prevalent in the older population. Further, as per "World Aging Population" 2017 report by the United Nations, the geriatric population in Saudi Arabia is also gradually increasing. Hence, this is expected to increase the demand for vision correction devices in Saudi Arabia.

Competitive Landscape

Saudi Arabia is a developing country. However, the healthcare system in the country is still well-structured. As a result, many global players in the ophthalmic devices market are present in the country. This factor has made the region very competitive.

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1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Increasing Prevalence of Eye Diseases
4.2.2 Technological Advancements in Ophthalmic Devices
4.3 Market Restraints
4.3.1 Risk Associated with Ophthalmic Procedures
4.4 Porter’s Five Force Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry

5 MARKET SEGMENTATION
5.1 By Devices
5.1.1 Surgical Devices
5.1.2 Diagnostic and Monitoring Devices
5.1.3 Vision Correction Devices

6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Alcon Inc
6.1.2 Bausch Health Companies Inc
6.1.3 Carl Zeiss Meditec AG
6.1.4 HAAG-Streit Group
6.1.5 IRIDEX Corporation
6.1.6 Johnson and Johnson
6.1.7 Nidek Co. Ltd
6.1.8 Essilor International SA
6.1.9 Ziemer Group AG

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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