UAE Ophthalmic Equipment Market to Grow Due to Technological Advancement until 2027
Expanding healthcare sector in the country is driving the growth of UAE Ophthalmic Equipment Market, in the forecast period, 2023-2027.
According to TechSci report on, “UAE Ophthalmic Equipment Market - By Region, Competition Forecast & Opportunities, 2027” UAE ophthalmic equipment market might register an impressive CAGR during the forecast period, 2023-2027, to establish growth due to factors like rapidly increasing technological advancement in the healthcare industry. Moreover, increasing demand for the early diagnosis and efficient treatment for eye diseases along with the increasing instances of ophthalmic diseases and eye infection is further driving the growth of the UAE ophthalmic equipment market in the upcoming five years. Government and private funding are sustaining the futuristic growth of the healthcare sector in the country. Keeping the surging demand in mind the government is actively investing in the healthcare industry along with inviting foreign direct investment in the industry aiding the import activities for medical devices to satisfy the growing demands thereby supporting the growth of the UAE ophthalmic equipment market in the next five years. Expanding healthcare services and the availability of the free healthcare facilities for the citizen of the country is also substantiating the growth of the UAE ophthalmic equipment market in the future five years. Increasing instances of diseases like cataracts, glaucoma, or retinal vessel occlusion, and diabetic retinopathy further aid the growth of the UAE ophthalmic equipment market in the forecast years through 2027F. Rising geriatric population is also more susceptible to weak eyesight and diabetes that increases the risks of eye diseases & infections. Also, the geriatric population further demands better patient care thus aiding the growth of the Saudi Arabi ophthalmic equipment market in the forecast period. Furthermore, increasing medical tourism, inbound and outbound, is also expected to support the robust growth of the UAE ophthalmic equipment market in the forecast years, until 2027.
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The UAE ophthalmic equipment market segmentation is based on product, application, end user, competitional landscape, and regional distribution. Based on product, the market is further bifurcated into vision care products, ophthalmology surgical devices, diagnostic & monitoring devices, and others. Vision care products are anticipated to register largest revenue shares of the market and dominate the market segment in the upcoming five years on the grounds of growing geriatric population that is highly susceptible to weaker eyesight and contracting diabetes that is a major cause of various eye diseases. Also, lifestyle choices and eating habits have weakened the immunity and thus eyesight of the larger population thereby increasing the demands for the vision care products and indirectly strengthening the growth of the market. Along with lack of physical activities and excessive strain on eyes, reduce the retinal strength and thus cause weaker eyesight problems among children.
Diagnostic and monitoring devices are expected to register significant growth in the future five years on the account of increasing instances of eye diseases and weak eyesight problems. Moreover, demand for the early diagnosis and effective treatment is further supporting the growth of the sub-segment as well as aid the growth of the UAE ophthalmic equipment market in the next five years.
On the basis of end user, the market segments are defined as hospitals & clinics, ambulatory care centers, and others. Hospitals & clinics are anticipated to hold the largest revenue shares of the market and dominate the market segment in the upcoming five years. The segment growth can be attributed to the increasing number of surgeries related to eye infection, corrective vision, etc. Moreover, the hospitals and clinics are better equipped with the equipment and tools. Also, the financial investment required for the ophthalmology surgery aids the growth of the sub-segment and the growth of the UAE ophthalmology equipment market in the future five years. The ophthalmic equipment demands are often fulfilled through imported devices, that demands higher financial investments. Government aids to the hospitals & clinics through favorable schemes and plans fulfills the financial demands for imports thereby driving the growth of the market.
A partial list of market players functioning in the UAE ophthalmology equipment market in the forecast years include,
· Alcon Inc.
· Johnson & Johnson Middle East FZ-LLC
· CooperVision UAE
· Bausch Health Companies, Inc UAE
· Carl Zeiss Vision MENA FZE
· Glaukos Corporation UAE
· Atlas Medical FZCO
· Nidek UAE (Abtahi Medical)
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“Diseases like glaucoma, amblyopia, cataract, retinal detachment, and others are the most demanding diseases for the ophthalmic equipment. Early diagnosis and then effective treatment demands substantiate the growth of the UAE ophthalmic equipment market in the next five years. Out of the large population in UAE suffering from various eye infection, about 30.5% suffer from glaucoma, which is a disease that damages the optic nerve. Cases of amblyopia in UAE counts for approximately, 10%. Demands for the ophthalmic equipment would rise due to growing demand for early diagnosis of such diseases. Delayed diagnosis increases the severity of disease and if left untreated ay lead to complete blindness or neural damages. New market player entering the market may focus on innovative product development along with the increasing research and technological advancement of the ophthalmic equipment thus encouraging their brand establishment,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“UAE Ophthalmic Equipment Market By Product (Vision Care Products, Ophthalmology Surgical Devices, Diagnostic & Monitoring Devices, Others), By Application (Glaucoma, Amblyopia, Cataract, Retinal Detachment, Others), By End User (Hospitals & Clinics, Ambulatory Care Centers, Others), By Region, Competition Forecast & Opportunities, 2027” has evaluated the future growth potential of UAE ophthalmic equipment 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 UAE ophthalmic equipment market.
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