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Ophthalmic Devices - Iraq

Iraq

The Ophthalmic Devices market market in Iraq is forecasted to achieve a revenue of US$60.31m in 2024.
It is anticipated that the revenue will exhibit a compound annual growth rate (CAGR 2024-2029) of 6.68%, leading to a market volume of US$83.32m by 2029.
When compared globally, the United States is expected to generate the highest revenue, reaching US$14,000.00m in 2024.
The demand for ophthalmic devices in Iraq has been steadily increasing due to the rising prevalence of eye diseases and the lack of adequate healthcare infrastructure.

Key regions: Germany, Italy, France, Japan, United Kingdom

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Analyst Opinion

The Ophthalmic Devices market in Iraq is experiencing significant growth and development. Customer preferences in the Ophthalmic Devices market in Iraq are driven by the increasing prevalence of eye diseases and disorders, as well as the growing awareness of the importance of eye health. As the population in Iraq ages, the demand for ophthalmic devices is expected to rise, as age is a major risk factor for many eye conditions. Additionally, there is a growing interest in advanced technologies and innovative solutions that can improve the diagnosis and treatment of eye diseases. Trends in the Ophthalmic Devices market in Iraq are influenced by global and regional market dynamics. One of the key trends is the adoption of digital technologies in ophthalmic devices. Digital imaging systems, such as optical coherence tomography (OCT) and fundus cameras, are gaining popularity in Iraq as they offer improved accuracy and efficiency in diagnosing eye conditions. Similarly, the demand for advanced surgical devices, such as phacoemulsification systems and femtosecond lasers, is increasing as they provide better outcomes and faster recovery times for patients. Local special circumstances in the Ophthalmic Devices market in Iraq include the limited availability of healthcare infrastructure and resources. Iraq has faced significant challenges in rebuilding its healthcare system after years of conflict and instability. This has resulted in a shortage of medical professionals and limited access to specialized eye care services in certain regions. However, efforts are being made to improve the situation, with the government investing in the expansion of healthcare facilities and the training of healthcare professionals. Underlying macroeconomic factors are also contributing to the development of the Ophthalmic Devices market in Iraq. The country has experienced steady economic growth in recent years, driven by the oil industry and government investments in infrastructure development. This has led to an increase in disposable income and healthcare spending, which in turn has boosted the demand for ophthalmic devices. Additionally, the government has implemented healthcare reforms to improve access to healthcare services, including eye care, for the population. In conclusion, the Ophthalmic Devices market in Iraq is experiencing growth and development driven by customer preferences for advanced technologies, global and regional market trends, local special circumstances, and underlying macroeconomic factors. As the population ages and healthcare infrastructure improves, the demand for ophthalmic devices is expected to continue to rise in Iraq.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on medical devices and IVD revenues allocated to the country where the money is spent at manufacturer price levels excluding VAT.

Modeling approach / Market size:

Modeling employs a top-down approach with a bottom-up validation, using financial information of the key players by market. Market sizes are determined by a top-down approach, based on a specific rationale for each market market and allocated to the covered countries according to the global market shares. As a basis for evaluating markets, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare system, and regulations concerning medical products. Next, we use further relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, healthcare payer system, and regulations concerning medical products. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.