Saudi Arabia Ophthalmic Drugs Market Size & Outlook
Saudi Arabia ophthalmic drugs market, 2018-2030 (US$M)
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Saudi Arabia ophthalmic drugs market highlights
- The Saudi Arabia ophthalmic drugs market generated a revenue of USD 180.6 million in 2023 and is expected to reach USD 305.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 7.8% 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 180.6 million |
| Market revenue in 2030 | USD 305.8 million |
| Growth rate | 7.8% (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, Saudi Arabia accounted for 0.5% 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 |
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Saudi Arabia 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 32.83% in 2023. Horizon Databook has segmented the Saudi Arabia 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.
Saudi Arabia's ophthalmic drugs market is expected to grow at a lucrative growth rate over the forecast period, owing to the rapid launch of new products in the region and increasing number of government initiatives.
According to a population-based survey conducted between 2013 and 2017, Saudi Arabia has a significant prevalence of dry eye disease, but severe dry eye disease is less common. There was a link between glaucoma, topical glaucoma medicines, and the female gender. However, the study suggests no significant association between hypertension, diabetes, or age group variation.
In addition, low humidity in the region and increased use of gadgets, such as smartphones, computers, and visual display terminals, are driving the growth of the market. Moreover, extreme hot or cold weather, air-conditioned cars, air-conditioned offices, and airplane cabins are leading to an increase in the number of people experiencing damage to their tear film.
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Target buyers of Saudi Arabia 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 Saudi Arabia ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Saudi Arabia Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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