The size of the Middle East and Africa ophthalmic devices market is forecasted to grow at a CAGR of 6.01% between 2022 to 2027. This market has been calculated at USD 3.17 billion in 2022 and is estimated to be worth USD 4.24 billion by 2027.
The Middle East and Africa's ophthalmological device market is primarily driven by private sector initiatives in the United Arab Emirates and high healthcare spending in developing African countries like Malawi. Continuous advancements in the area of medical equipment, as well as a considerable increase in healthcare spending, have fuelled ophthalmology device market expansion in the Middle East and Africa. Furthermore, with a considerable increase in people's awareness and emphasis on healthcare, the MEA ophthalmology devices market is expected to develop rapidly. Quick technological advancements, increased penetration of digital devices, such as laptops, smartphones, computers, and e-readers; rapid advancements, such as the introduction of intraocular lenses (IOLs); Increased focus on customer training and education among eye care professionals on eye disorders and problems contribute significantly to the market's growth. The absence of primary eye care, combined with a lack of awareness and low access to excellent eye care products, is a major factor driving the prevalence of blindness.
The availability of new technology has accelerated hospital adoption of ophthalmic equipment. In addition, patients will choose to have ophthalmic treatments performed in hospitals because of the intensive post-surgical care and ongoing monitoring. As a result, growing hospital admissions for eye illnesses and advancements in surgical and diagnostic instruments are likely to fuel demand. Other growth factors include the low adoption of phacoemulsification, the rising prevalence of eye disorders, technological advancements, and others. As a result, it is expected that the ophthalmology market in the Middle East and Africa will grow more rapidly in the near future than it has in recent years.
The expensive expense of ophthalmic devices is restricting their widespread usage. Ophthalmic laser developments, such as introducing femtosecond lasers, have reduced surgical times and increased operative outcomes and convenience. The high cost of these instruments, on the other hand, is projected to restrict their growth. Access to and affordability of quality healthcare products and services remains a key challenge in this region, where a considerable percentage of the population lives in rural areas.
This research report on the Middle East and Africa ophthalmic devices market report has been segmented and sub-segmented into the following categories.
By Type:
By Devices:
By End Users:
By Country:
The government of the United Arab Emirates has taken steps to improve ophthalmological medical care in the nation, including the creation of eye specialty hospitals throughout the country's metropolitan and semi-urban regions. Various governments across the region are also offering incentives for cataract operations, which means the ophthalmology device industry will continue to develop. During the forecasted period, market players are trying to improve these devices' features to develop applications and lead the fastest market growth while keeping a high market share in the Middle East and Africa markets. In recent years, there has been a significant increase in lifestyle-related ocular problems. In addition to cataracts, glaucoma, and macular degeneration. The market for ophthalmic devices is estimated to continue to be driven by these factors.
KEY MARKET PLAYERS:
Companies playing a promising role in the MEA ophthalmic devices market profiled in the report are Alcon Inc., Essilor International S.A., Johnson & Johnson, Abbott Medical Optics Inc., Bausch & Lomb, Inc., Haag-Streit AG, Topcon Corporation, Carl Zeiss Meditec AG, Nidek Co. Ltd., and Ziemer Ophthalmic Systems AG.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Product Type
5.1.1 Introduction
5.1.2 Surgical Devices
5.1.3 Monitoring and diagnostic devices
5.1.4 vision care
5.1.5 Y-o-Y Growth Analysis, By Product Type
5.1.6 Market Attractiveness Analysis, By Product Type
5.1.7 Market Share Analysis, By Product Type
5.2 Devices
5.2.1 Introduction
5.2.2 Lenses
5.2.3 Glaucoma surgical devices
5.2.4 Ophthalmic Lasers
5.2.5 Cataract surgical devices
5.2.6 Iris retractors
5.2.7 lens clearing and disinfectant solutions
5.2.8 Others
5.2.9 Y-o-Y Growth Analysis, By Devices
5.2.10 Market Attractiveness Analysis, By Devices
5.2.11 Market Share Analysis, By Devices
5.3 End-Users
5.3.1 Introduction
5.3.2 Hospitals
5.3.3 Eye care Clinics
5.3.4 Research Institutes
5.3.5 Others
5.3.6 Y-o-Y Growth Analysis, By End-users
5.3.7 Market Attractiveness Analysis, By End-users
5.3.8 Market Share Analysis, By End-users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Product Type
6.1.3.3 By Devices
6.1.3.4 By End-users
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Product Type
6.1.4.3 By Devices
6.1.4.4 By End-users
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Product Type
6.1.5.3 By Devices
6.1.5.4 By End-users
6.2 Middle East
6.3 Africa
7.Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.Market Leaders' Analysis
8.1 Alcon Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Essilor International S.A
8.3 Johnson & Johnson
8.4 Abbott Medical Optics Inc.
8.5 Bausch & Lomb, Inc.
8.6 Haag-Streit AG
8.7 Topcon Corporation
8.8 Carl Zeiss Meditec AG
8.9 Nidek Co. Ltd.
8.10 Ziemer Ophthalmic Systems AG
9.Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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