Saudi Arabia Eye Drops Market to Grow Due to Increasing Glaucoma Cases until 2026
Rising cases of diabetes is driving the
growth of Saudi Arabia Eye Drops Market, in the forecast period, 2022-2026.
According to TechSci 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, 2026”,
Saudi Arabia eye drops market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Saudi Arabia eye drops market owes its growth to the factors like
rapidly increasing research and development in the healthcare industry in the
country. The recent pandemic situation has alerted healthcare industry all
around the world. Various market players in the collaborations, or through
their personalized research facilities are dedicated toward advancing the
pharmaceutical sector as well as the treatment for the various diseases known
and unknown. The Kingdom of Saudi Arabia is also spending large revenue shares
of the economy in advancing their healthcare facility. Eye drops are often
self-prescribed thus, detailed research and information about its uses and
precautions must be provided and thus the research in the category is driving
the growth of the Saudi Arabia eye drop market in the future five years.
Furthermore,
rapidly increasing cases of glaucoma, diabetes, cataract, etc. is driving the
growth of the market. Environmental factors like rising toxic elements and
poisonous gases due to increased industrialization is also aiding the growth of
the market. These toxins cause irritation and dryness in the eyes and eye drops
can help the situation, thus supporting the growth of the market. Additionally,
use of contact lenses is also influencing the growth of the market, the
application and removal of contact lenses require specific kind of eyedrops and
the rising number of consumers opting for contact lenses is further
substantiating the growth of the Saudi Arabia eye drop market in the future
forecast years until 2026.
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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 disease indication, the market is further
bifurcated into dry eye diseases, glaucoma, eye allergy, eye infections,
retinal disorders, and others. Dry eye diseases are anticipated to register
maximum revenue generating shares of the market. The segment is expected to
grow on the account of rising cases due to increased pollutants and irritants
in the environment. Poor quality of air and atmosphere is expected to further
substantiate the growth in the next five years.
Based
on drug class, the market is further sub-segmented into antiallergy,
anti-inflammatory, antiglaucoma, anti-VEGF, and others. Antiallergy drugs are
anticipated to hold the largest revenue shares of the market ad assert its
dominance over the market on the account of rising instances of allergic
reactions and causing eye infections. Moreover, the worsening conditions of the
environment and rising presence of toxic gases and elements in the air are
further driving the growth of the allergy drug segment in the upcoming five
years. Additionally, antiallergy drugs are often available as the over the
counter drugs and are easily accessible. These factors are actively supporting
the growth of the Saudi Arabia eyes drops market in the next five years.
Antiglaucoma is anticipated to register fastest growing CAGR on the account
rising number of the patient suffering from diabetes and glucose related
diseases. The infection and presence of excess glucose spreads through the eye
and develops eye diseases. Furthermore, rising cases of glaucoma, cataract is
also driving the growth of the Saudi Arabia eye drops market in the future five
years of forecast.
A
partial list of market player in the Saudi Arabia eye drops market includes
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. These market players hold
larger shares of the market than the new market players. With the evolving
technology, it is appropriate to say that the effective research and
development of the technologically advanced instruments and methods to satisfy
consumer demands would support the market growth and benefit the market players
as well as the consumers. New market players may focus on the research and
development to provide such products and services that satisfies the consumer
demand as well as benefits the market players in building their brand value.
Other competitive strategies include mergers & acquisitions and new product
developments.
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“Prolonged
exposure to the LCD, and LED screens are one of the major reasons for the eye
irritations, and then leading to weaker eyesight. Younger population around the
world are more prone to the irritations due to exposures. New market players
entering the market may focus on the more regular usable eye drops that can
help aid the eye dryness ad irritation being caused to the younger population.
Research and technological advancements in the sector would support their brand
establishment in the market,” said Mr. Karan Chechi, Research Director with
TechSci Research, a research based global management consulting firm.
“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, 2026” has evaluated the future growth potential of Saudi
Arabia eye drops market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Saudi Arabia eye
drops market.
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