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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