Middle East & Africa Ophthalmic Drugs Market Size & Outlook
Middle East & Africa ophthalmic drugs market, 2018-2030 (US$M)
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MEA ophthalmic drugs market highlights
- The MEA ophthalmic drugs market generated a revenue of USD 1,163.0 million in 2023.
- The market is expected to grow at a CAGR of 9.1% 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.
- Country-wise, South Africa is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 1,163.0 million |
| Market revenue in 2030 | USD 2,134.6 million |
| Growth rate | 9.1% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Anti-VEGF agents |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, MEA region accounted for 3.1% of the global ophthalmic drugs market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,136.6 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa 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 32.81% in 2023. Horizon Databook has segmented the Middle East & Africa 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.
Countries in the Middle East & Africa (MEA) such as South Africa, Saudi Arabia, and the UAE are prospering economies. The market in this region is driven by the high prevalence of dry eye disease, rise in consumer awareness, and improvements in healthcare infrastructure.
Thus, MEA is a largely untapped market for dry eye treatment drugs, with the presence of lucrative opportunities for players. Economic development witnessed in emerging markets, such as South Africa, and high unmet healthcare needs are some of the primary factors driving the growth of this market. There is a high prevalence of dry eye disease in this region.
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Target buyers of Middle East & Africa 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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Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ophthalmic drugs market , including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ophthalmic drugs market size, by country, 2018-2030 (US$M)
Middle East & Africa Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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