Market Reports on Saudi Arabia Provides the Trending Market Research Report on “Saudi Arabia Eye Drops Market, By Type (Prescription v/s Over-The-Counter), By Drug Class (Antiallergy, Anti-inflammatory, Antiglaucoma, Anti-VEGF, Others), By Disease Indication (Dry Eye Diseases, Glaucoma, Eye Allergy, Eye Infections, Retinal Disorders, Others), By Distribution Channel (Hospitals Pharmacy, Retail Pharmacy, Online Pharmacy), By End User (Hospitals & Clinics, Homecare, Others), By Region, Competition Forecast & Opportunities, 2027” under Life Sciences Market Research Reports category. The Eye Drops Market Database in Saudi Arabia is projected to exhibit highest growth rate over report offers a collection of superior market research, market analysis, and competitive intelligence and industry reports.
Saudi Arabia Eye Drops Market is projected to grow at a formidable rate during the forecast period. The growth can be attributed to the increasing incidences of eye infections and rising awareness among population regarding Eye Care to maintain good eye health. Industrialization and urbanization activities release harmful elements in the environment that impact the air quality. Prolonged exposure of eyes to these irritants can cause severe damage to the eyes and result in eye allergies, redness, dry eyes, allergies, etc., which is contributing towards the rising adoption of eye drops in Saudi Arabia. Several pharmaceutical companies and research institutes are working towards the drug discovery and developments in the eye care segment, which is projected to boost the Saudi Arabia eye drops market growth in the coming years.
Rapidly expanding geriatric population and rising incidences of diabetes have led to an increased adoption of eye drops, which is adding to the significant growth of eye drops market. Moreover, the surging demands from the healthcare industry and advances in technology have resulted into better eye drops that are mild on eyes and do not cause discomfort, which is contributing to the demand for eye drops in Saudi Arabia. As the world is being largely driven by digitization, people are spending more time on their smartphones, laptops, and other electronic screen gadgets, which is negatively impacting their eye health, leading to an enhanced demand for eye drops, significantly accelerating the Saudi Arabia eye drops market growth.
The Saudi Arabia eye drops market is segmented by type, drug class, disease indication, distribution channel, end user, competitional landscape, and regional distribution. Based on drug class, the market is further sub-segmented into antiallergy, anti-inflammatory, antiglaucoma, anti-VEGF, and others. Antiallergy drugs are expected to dominate the Saudi Arabia eye drops market due to rising incidences of eye allergies and infections from pollution, prolonged exposure to UV-A light emitted from electronic screens, and improper eye care. Besides, easier accessibility to antiallergy drugs on online platforms have contributed to their dominance. Antiglaucoma is expected to experience significant growth in Saudi Arabia eye drops market in the coming years due to rising incidences of diabetes and glucose-related disorders.
Major players operating in the Saudi Arabia eye drops market are Amman Pharma, Jamjoom Pharma, Riyadh Pharma, Orchidia Pharmaceutical Industries, Pfizer Saudi Limited, Sanofi Aventis Arabia Company Limited, Tabuk Pharmaceuticals Manufacturing Co., Novartis Saudi Arabia, Alcon Saudi Arabia, Johnson & Johnson Saudi Arabia, among others. Companies dominating the Saudi Arabia eye drops market are adopting competitive strategies such as mergers & acquisitions and new product developments.
Years considered for this report:
Historical Years: 2017-2020
Base Year: 2021
Estimated Year: 2022E
Forecast Period: 2023F–2027F
Objective of the Study:
To analyze the historical growth in the market size of Saudi Arabia eye drops market from 2017 to 2021.
To estimate and forecast the market size of Saudi Arabia eye drops market from 2022E to 2027F and growth rate until 2027F.
To classify and forecast Saudi Arabia eye drops market based on type, drug class, disease indication, distribution channel, end user, competitional landscape, and regional distribution.
To identify dominant region or segment in the Saudi Arabia eye drops market.
To identify drivers and challenges for Saudi Arabia eye drops market.
To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Saudi Arabia eye drops market.
To identify and analyze the profile of leading players operating in Saudi Arabia eye drops market.
To identify key sustainable strategies adopted by market players in Saudi Arabia eye drops market.
Our company performed both primary as well as exhaustive secondary research for this study. Initially, Our company sourced a list of manufacturers, suppliers across the country. Subsequently, Our company conducted primary research surveys with the identified companies. While interviewing, the respondents were also enquired about their competitors. Through this technique, Our company could include the manufactures which could not be identified due to the limitations of secondary research. Our company analyzed the manufactures, distribution channels and presence of all major players across the country.
Our company calculated the market size of Saudi Arabia eye drops market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. Our company sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types and applications for getting an appropriate, overall market size. Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by Our company.
Key Target Audience:
Eye drop manufacturers, end users, and other stakeholders
Distributors and suppliers of the products and other stakeholders
Organizations, forums, and alliances related to eye drops
Market research and consulting firms
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, suppliers, end users, etc., besides allowing them in strategizing investments and capitalizing on market opportunities.
In this report, Saudi Arabia eye drops market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
Saudi Arabia Eye Drops Market, By Type:
Saudi Arabia Eye Drops Market, By Drug Class:
Saudi Arabia Eye Drops Market, By Disease Indication:
Dry Eye Diseases
Saudi Arabia Eye Drops Market, By Distribution Channel:
Saudi Arabia Eye Drops Market, By End User:
Hospitals & Clinics
Saudi Arabia Eye Drops Market, By Region:
Northern & Central
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