Kuwait Ophthalmic Drugs Market Size & Outlook, 2023-2030
Kuwait ophthalmic drugs market, 2018-2030 (US$M)
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Kuwait ophthalmic drugs market highlights
- The Kuwait ophthalmic drugs market generated a revenue of USD 74.3 million in 2023 and is expected to reach USD 137.3 million by 2030.
- The Kuwait market is expected to grow at a CAGR of 9.2% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Anti-VEGF agents is the most lucrative drug class segment registering the fastest growth during the forecast period.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 74.3 million |
| Market revenue in 2030 | USD 137.3 million |
| Growth rate | 9.2% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Anti-VEGF agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma |
| Key market players worldwide | Pfizer Inc, Alcon Inc, Novartis AG ADR, Bausch Health Companies Inc, Merck & Co Inc, Regeneron Pharmaceuticals Inc, AbbVie Inc, Bayer AG, Genentech, Nicox SA Share from reverse split, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Kuwait accounted for 0.2% of the global ophthalmic drugs 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 ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 392.0 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Kuwait ophthalmic drugs market outlook
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 ophthalmic drugs market will help companies and investors design strategic landscapes.
Anti-vegf agents was the largest segment with a revenue share of 32.84% in 2023. Horizon Databook has segmented the Kuwait ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma covering the revenue growth of each sub-segment from 2018 to 2030.
Several multinational and regional pharmaceutical companies are likely to be active in Kuwait’s ophthalmic drugs market, offering a range of ophthalmic drugs to treat conditions such as dry eye syndrome. Some key players in the Kuwait market are AbbVie, Inc., Novartis AG, Santen, Bausch + Lomb, and Merck & Co.
Moreover, rising government campaigns focusing on eye health awareness, early detection, and treatment play a significant role in driving the growth of the ophthalmic drugs market. The country is focusing on improvements in healthcare infrastructure, including the availability of specialized eye care facilities and skilled professionals, which helps in enhancing the accessibility of ophthalmic drugs.
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Target buyers of Kuwait ophthalmic drugs market databook
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Kuwait ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Kuwait ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Kuwait ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Kuwait Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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