Market revenue in 2023 | USD 166.9 million |
Market revenue in 2030 | USD 259.2 million |
Growth rate | 6.5% (CAGR from 2023 to 2030) |
Largest segment | Myopia |
Fastest growing segment | Myopia |
Historical data | 2018 - 2022 |
Base year | 2023 |
Forecast period | 2024 - 2030 |
Quantitative units | Revenue in USD million |
Market segmentation | Myopia, Presbyopia |
Key market players worldwide | Johnson & Johnson, Essilorluxottica, ZEISS Group, Alcon Inc, Bausch & Lomb Corp, Topcon Corp, Ziemer Ophthalmic Systems, Nidek, Haag-Streit |
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The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to myopia and presbyopia treatment market will help companies and investors design strategic landscapes.
Myopia was the largest segment with a revenue share of 60.16% in 2023. Horizon Databook has segmented the Saudi Arabia myopia and presbyopia treatment market based on myopia, presbyopia covering the revenue growth of each sub-segment from 2018 to 2030.
Increasing prevalence of refractive errors, such as myopia, presbyopia, astigmatism, and other ocular errors, especially in children, is a primary factor expected to drive growth of the market. The prevalence of myopia is high in the Saudi Arabian population, followed by presbyopia, and the treatment methods majorly used are optical and contact lenses.
Furthermore, the Kingdom of Saudi Arabia has made significant improvement in eye health, for instance, investment of USD 2.66 million for blindness prevention programs, which is intended for developing protocols for preschool screening and supporting research activities. Such initiatives are expected to aid growth of the market.
Saudi Arabia is growing in terms of development of vision care devices. Manufacturers in this country are introducing different types of ophthalmic products. For instance, Al Mosawiq Al Arabi is focused on the development of novel products in the field of ophthalmology.
Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia myopia and presbyopia treatment market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia myopia and presbyopia treatment market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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