Market Size of UAE Ophthalmic Devices Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 4.20 % |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UAE Ophthalmic Devices Market Analysis
The UAE ophthalmic devices market is projected to register a CAGR of 4.2% over the forecast period.
Ophthalmic devices are medical equipment for diagnosis, surgical, and vision correction purposes. These devices gained importance due to the high prevalence of various ophthalmic diseases such as glaucoma, cataracts, and other vision-related issues across the UAE. According to the article published in Cleveland Clinic Abu Dhabi, many people in the UAE live with common eye diseases such as glaucoma and diabetic retinopathy. Similarly, as per the Oman Medical Journal study, the prevalence of diabetic retinopathy in the United Arab Emirates was 19%. Thus, such incidences of various eye diseases are expected to drive the demand for ophthalmic diseases, thereby contributing to the market's growth over the forecast period.
As per the article published in Dubai Media Journal, 21.37% of students had impaired vision, and 20.9% had a refractive error, of which 58% were uncorrected. Thus, the high incidence of such ophthalmic conditions is expected to drive the demand for ophthalmic devices for advanced eye care, thereby contributing to the market's growth during the forecast period.
The establishment of major ophthalmic hospitals in UAE to meet the growing demand for advanced ophthalmic care is expected to contribute to the market's growth over the forecast period. For instance, Barraquer inaugurated Barraquer UAW Eye hospital in Dubai, 13,000 sq. m. ft, equipped with the latest technology. Such establishment of ophthalmic hospitals employs various advanced devices for proper treatment in the healthcare facility, thereby contributing to the market's growth.
Thus, the aforementioned factors are likely to positively impact the market's growth; poor primary healthcare infrastructure in developing and under-developed countries and the risk associated with ophthalmic procedures may hinder the market's growth.
The COVID-19 pandemic significantly impacted the healthcare industry due to the imposition of strict lockdowns by various governments, thereby disrupting supply chain management. The pandemic resulted in considerable service reductions throughout the UAE, with ophthalmology being one of the most severely impacted specialties. There were some ophthalmic complications observed due to the administration of COVID-19 vaccination. According to the article published by JAMA, in a study conducted in Abu Dhabi, 9 out of 7 patients presented ocular complaints following the COVID-19 vaccine. Such incidence of various ocular complications increased the demand for advanced ophthalmic care during the pandemic. This trend in the market for ophthalmic devices is expected to continue during the post-pandemic period owing to the relaxation of restrictions in the UAE. Thus, COVID-19 is expected to have a significant impact on the growth of the market.
