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Ophthalmic Devices - Jordan

Jordan

The Ophthalmic Devices market market in Jordan is forecasted to achieve a revenue of US$30.93m by the year 2024.
It is expected that the revenue will exhibit an annual growth rate (CAGR 2024-2029) of 5.40%, leading to a market volume of US$40.23m by 2029.
When comparing to other countries globally, the United States is projected to generate the highest revenue of US$14,000.00m in 2024.
The ophthalmic devices market in Jordan is witnessing a surge in demand for advanced diagnostic and surgical equipment.

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

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Analyst Opinion

The Ophthalmic Devices market in Jordan is experiencing significant growth due to several factors.

Customer preferences: Customers in Jordan are increasingly seeking advanced ophthalmic devices that offer accurate diagnosis and effective treatment options. They are looking for devices that can provide precise measurements and deliver optimal results. Additionally, customers prefer devices that are user-friendly and can be easily operated by healthcare professionals.

Trends in the market: One of the key trends in the Ophthalmic Devices market in Jordan is the increasing adoption of advanced diagnostic devices. This includes devices such as optical coherence tomography (OCT) scanners, which provide detailed images of the retina and help in the diagnosis of various eye conditions. The demand for OCT scanners is driven by the growing prevalence of eye diseases, such as diabetic retinopathy and age-related macular degeneration. Another trend in the market is the rising demand for refractive surgery devices. With an increasing number of people opting for corrective eye surgeries, the demand for devices such as excimer lasers and femtosecond lasers is on the rise. These devices offer precise and customized treatment options, leading to improved patient outcomes.

Local special circumstances: Jordan has a well-developed healthcare infrastructure, which includes specialized ophthalmic clinics and hospitals. This facilitates the adoption of advanced ophthalmic devices in the country. Additionally, the government of Jordan has implemented various initiatives to improve the accessibility and affordability of healthcare services, including ophthalmic care. This has further contributed to the growth of the Ophthalmic Devices market in the country.

Underlying macroeconomic factors: The growing economy of Jordan is a key driver for the development of the Ophthalmic Devices market. The country has witnessed steady economic growth in recent years, leading to an increase in disposable income. This has enabled individuals to invest in advanced healthcare services, including ophthalmic care. Moreover, the government of Jordan has implemented favorable policies to attract foreign investment in the healthcare sector, which has further contributed to the growth of the market. In conclusion, the Ophthalmic Devices market in Jordan is experiencing significant growth due to customer preferences for advanced and user-friendly devices, the adoption of advanced diagnostic and surgical devices, the well-developed healthcare infrastructure in the country, and the favorable macroeconomic factors.

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.