Saudi Arabia Ophthalmic Eye Droppers Market Size & Outlook
Saudi Arabia ophthalmic eye droppers market, 2018-2030 (US$M)
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Saudi Arabia ophthalmic eye droppers market highlights
- The Saudi Arabia ophthalmic eye droppers market generated a revenue of USD 120.6 million in 2023 and is expected to reach USD 146.8 million by 2030.
- The Saudi Arabia market is expected to grow at a CAGR of 2.8% from 2024 to 2030.
- In terms of segment, preserved multi-dose eye droppers was the largest revenue generating type in 2023.
- Preserved multi-dose eye droppers is the most lucrative type segment registering the fastest growth during the forecast period.
Ophthalmic eye droppers market data book summary
| Market revenue in 2023 | USD 120.6 million |
| Market revenue in 2030 | USD 146.8 million |
| Growth rate | 2.8% (CAGR from 2023 to 2030) |
| Largest segment | Preserved multi-dose eye droppers |
| Fastest growing segment | Preserved multi-dose eye droppers |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Unidose eye droppers, Preserved multi-dose eye droppers, Preservative-free multi-dose eye droppers |
| Key market players worldwide | AptarGroup Inc, Silgan Holdings Inc, Alcon Inc, Pfizer Inc, Bausch & Lomb Corp, Novartis AG ADR, AbbVie Inc |
Other key industry trends
- In terms of revenue, Saudi Arabia accounted for 0.9% of the global ophthalmic eye droppers 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 eye droppers market is projected to lead the regional market in terms of revenue in 2030.
- Saudi Arabia is the fastest growing regional market in Middle East & Africa and is projected to reach USD 146.8 million by 2030.
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Ophthalmic Eye Droppers Market Scope
Ophthalmic Eye Droppers Market Companies
| Name | Profile | # Employees | HQ | Website |
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Saudi Arabia ophthalmic eye droppers 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 eye droppers market will help companies and investors design strategic landscapes.
Preserved multi-dose eye droppers was the largest segment with a revenue share of 49.42% in 2023. Horizon Databook has segmented the Saudi Arabia ophthalmic eye droppers market based on unidose eye droppers, preserved multi-dose eye droppers, preservative-free multi-dose eye droppers covering the revenue growth of each sub-segment from 2018 to 2030.
An increase in the demand for ophthalmic eye droppers for dry eye treatment is expected to impact the market in Saudi Arabia positively. Moreover, the high rate of urbanization in some parts of Mecca, Riyadh, and the Eastern Province is creating significant growth opportunities for market players.
Thus, urbanization and the increasing prevalence of eye disorders are expected to drive the market over the forecast period. For instance, as per a research study, the prevalence of DED in Saudi Arabia in 2021 was estimated to be 32.1%.
During societal growth and change, individual lifestyles are also modified, including changes in the prominence of factors such as processed food consumption, sedentary lifestyle, and other behaviors. These lifestyle modifications are anticipated to increase the incidence of several ocular diseases, boosting market growth.
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Horizon Databook provides a detailed overview of country-level data and insights on the Saudi Arabia ophthalmic eye droppers market , including forecasts for subscribers. This country databook contains high-level insights into Saudi Arabia ophthalmic eye droppers market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Saudi Arabia ophthalmic eye droppers market size, by type, 2018-2030 (US$M)
Saudi Arabia Ophthalmic Eye Droppers Market Outlook Share, 2023 & 2030 (US$M)
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