Saudi Arabia Glaucoma Surgery Devices Market Size & Outlook
Saudi Arabia glaucoma surgery devices market, 2018-2030 (US$M)
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Saudi Arabia glaucoma surgery devices market highlights
- The Saudi Arabia glaucoma surgery devices market generated a revenue of USD 19.0 million in 2023 and is expected to reach USD 23.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 3.3% from 2024 to 2030.
- In terms of segment, glaucoma drainage device was the largest revenue generating product in 2023.
- Glaucoma drainage device is the most lucrative product segment registering the fastest growth during the forecast period.
Glaucoma surgery devices market data book summary
| Market revenue in 2023 | USD 19.0 million |
| Market revenue in 2030 | USD 23.8 million |
| Growth rate | 3.3% (CAGR from 2023 to 2030) |
| Largest segment | Glaucoma drainage device |
| Fastest growing segment | Glaucoma drainage device |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Punches, USC maker, USC planner, USC shaver, Forceps, Algerbrush, Probes, Diamond knives, Glaucoma drainage device, Laser system |
| Key market players worldwide | Alcon Inc, Glaukos Corp, Johnson & Johnson, AbbVie Inc, Carl Zeiss Meditec AG, Lumenis, Ziemer Ophthalmic Systems, IRIDEX Corp, Corza Health, Katalyst Surgical, Altomed |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 1.1% of the global glaucoma surgery devices market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa glaucoma surgery devices market is projected to lead the regional market in terms of revenue in 2030.
- UAE is the fastest growing regional market in Middle East & Africa and is projected to reach USD 19.3 million by 2030.
Glaucoma drainage device was the largest segment with a revenue share of 27.89% in 2023. Horizon Databook has segmented the Saudi Arabia glaucoma surgery devices market based on punches, usc maker, usc planner, usc shaver, forceps, algerbrush, probes, diamond knives, glaucoma drainage device, laser system covering the revenue growth of each sub-segment from 2018 to 2030.
Technological innovation is a key factor driving changes in the healthcare industry in the country at a significant rate. The country is focusing on the digitalization of healthcare by leveraging innovative technologies, such as AI, big data, and cloud computing. There are currently 150 health-tech startups in the country.
Such advancements are resulting in shorter hospital stays and rise in number of surgical procedures, which, in turn, is driving the demand for glaucoma surgery devices. Moreover, major global players are opting for regulatory clearance to launch their products locally to cater to the growing demand for glaucoma surgical devices.
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Glaucoma Surgery Devices Market Scope
Glaucoma Surgery Devices Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia glaucoma surgery devices market size, by product, 2018-2030 (US$M)
Saudi Arabia Glaucoma Surgery Devices Market Outlook Share, 2023 & 2030 (US$M)
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