Ophthalmic Devices - Oman

  • Oman
  • The projected revenue in the Ophthalmic Devices market market in Oman is estimated to reach US$49.08m in 2024.
  • It is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 7.41%, leading to a market volume of US$70.15m by 2029.
  • When compared globally, the United States is anticipated to generate the highest revenue, with US$14,000.00m in 2024.
  • Oman's ophthalmic device market is witnessing a surge in demand for advanced diagnostic equipment to cater to the increasing prevalence of eye diseases.

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

 
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Analyst Opinion

The Ophthalmic Devices market in Oman is experiencing steady growth due to increasing customer preferences for advanced eye care solutions and the rising prevalence of eye diseases and disorders.

Customer preferences:
Customers in Oman are increasingly seeking advanced and innovative ophthalmic devices to address their eye care needs. This includes a growing demand for contact lenses, spectacles, and surgical devices such as intraocular lenses and ophthalmic lasers. The preference for these devices is driven by their ability to provide accurate vision correction, improved comfort, and enhanced aesthetic appeal. Additionally, customers are also showing a preference for devices that offer convenience and ease of use, such as disposable contact lenses and self-adjusting spectacles.

Trends in the market:
One of the key trends in the Ophthalmic Devices market in Oman is the increasing adoption of advanced surgical devices for the treatment of various eye conditions. This includes the use of intraocular lenses for cataract surgery, ophthalmic lasers for vision correction procedures, and implantable devices for the management of glaucoma. These devices offer improved surgical outcomes, shorter recovery times, and reduced risk of complications, thus driving their popularity among both patients and healthcare professionals. Another trend in the market is the growing demand for contact lenses, particularly among the younger population. Contact lenses provide a convenient and cosmetically appealing alternative to spectacles, allowing individuals to maintain an active lifestyle without the hindrance of glasses. The availability of a wide range of contact lens options, including daily disposables, colored lenses, and multifocal lenses, further contributes to their popularity.

Local special circumstances:
Oman has a relatively high prevalence of eye diseases and disorders, which is contributing to the growth of the Ophthalmic Devices market. Factors such as an aging population, changing lifestyle habits, and increasing exposure to digital screens are leading to a higher incidence of conditions such as cataracts, age-related macular degeneration, and dry eye syndrome. This has created a greater need for ophthalmic devices that can diagnose, treat, and manage these conditions effectively.

Underlying macroeconomic factors:
The Ophthalmic Devices market in Oman is also influenced by various macroeconomic factors. These include the country's overall economic growth, government initiatives to improve healthcare infrastructure, and increasing healthcare expenditure. As Oman continues to invest in healthcare facilities and services, there is a greater emphasis on providing quality eye care to its population. This has led to an expansion of the Ophthalmic Devices market, with a wider range of products and services being made available to meet the growing demand. In conclusion, the Ophthalmic Devices market in Oman is witnessing growth due to increasing customer preferences for advanced eye care solutions, the adoption of innovative surgical devices, and the high prevalence of eye diseases and disorders. These trends, coupled with local special circumstances and underlying macroeconomic factors, are driving the development of the market in Oman.

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.

Overview

  • Revenue
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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