Summary

Saudi Arabia eye care market is anticipated to grow at a formidable CAGR during the forecast period. The factors attributing to the growth are rapidly increasing instances of eye-related disorders such as cataracts, glaucoma, conjunctivitis, retinal detachment, and the rising geriatric population in the country. Besides, various national and international players are entering the Saudi Arabia eye care market, which has led to increased development and production of different vision care medicines in the form of pills, ointments, and drops. Additionally, the advent of innovative technologies and consistent research in vision care are propelling the demand for high-value eye care, driving the growth of the Saudi Arabia eye care market. Growing indulgence in unhealthy diet and rising number of chronic disorders are contributing to the occurrence of vision ailments among the population, especially the geriatric population, supporting the growth of the Saudi Arabia eye care market. Flourishing the e-commerce sector and growing awareness about visual impairment and ocular diseases among the population are supporting the growth of Saudi Arabia eye care market. New treatments such as gene therapy, computerized eye evaluations, stem cell therapy are expected to contribute to the Saudi Arabia eye care market in the coming years. Developing healthcare infrastructure and increasing affordability of eyewear such as spectacles and sunglasses are anticipated to augment the Saudi Arabia eye care market. Higher focus on the distribution of products and increased brand consciousness are factors fueling the Saudi Arabia eye care market.
The Saudi Arabia eye care market is segmented based on 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. The eyeglasses segment is expected to account for the maximum share in the Saudi Arabia eye care market during the forecast period due to wide product offerings of varying cost ranges provided by market players. Besides, growing incidences of ocular disorders and increased adoption of eyeglasses for aesthetic value are contributing to the eyeglass segment dominance during the forecast period. However, the contact lenses segment is expected to register the fastest growth in Saudi Arabia eye care market due to the growing availability of multiple colored eye lenses for aesthetics and makeovers and weaker eyesight.
Top companies in the Saudi Arabia eye care market include 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.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022
Forecast Period: 2023–2027
Objective of the Study:
• To analyze the historical growth in the market size of Saudi Arabia eye care market from 2017 to 2021.
• To estimate and forecast the market size of Saudi Arabia eye care market from 2022E to 2027F and growth rate until 2027F.
• 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.
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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 products manufacturers, end users, and other stakeholders
• distributors 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.
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:
o Anti-Glare
o UV
o Others
• Saudi Arabia Eye care Market, By Lens Material:
o Normal Glass
o Polycarbonate
o Trivex
o Others
• Saudi Arabia Eye care Market, By Distribution Channel:
o Retail Stores
o E-Commerce
o Clinics
o Hospitals
• Saudi Arabia Eye care Market, By Region:
o Northern & Central
o Southern
o Eastern
o 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).

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