UAE Ophthalmic Drugs Market Size & Outlook, 2023-2030
UAE ophthalmic drugs market, 2018-2030 (US$M)
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UAE ophthalmic drugs market highlights
- The UAE ophthalmic drugs market generated a revenue of USD 119.3 million in 2023 and is expected to reach USD 222.4 million by 2030.
- The UAE market is expected to grow at a CAGR of 9.3% 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 119.3 million |
| Market revenue in 2030 | USD 222.4 million |
| Growth rate | 9.3% (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, UAE accounted for 0.3% 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 |
|---|
UAE 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 32.86% in 2023. Horizon Databook has segmented the UAE 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.
The increasing prevalence of eye-related disorders and rising awareness are expected to boost overall market growth. The Emirates Society of Ophthalmology (ESO) was created by involving UAE ophthalmologists in the Emirates Medical Association (EMA).
The ESO is responsible for supervising and conducting scientific training, conferences, and events by collaborating with health organizations. In addition, increasing initiatives to raise awareness related to eye disorders and their severe impact on visual impairment are anticipated to fuel market growth.
For instance, in October 2018, the Dubai Health Authority (DHA) signed an MoU with Noor Dubai Foundation to help patients suffering from chronic eye diseases that can lead to diabetic retinopathy. Moreover, the agreement was made to educate the public about the cause of visual impairment and its treatment.
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Target buyers of UAE 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 UAE ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into UAE ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UAE ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
UAE Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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