Ophthalmic Devices - Iran

  • Iran
  • The Ophthalmic Devices market market in Iran is anticipated to achieve a revenue of US$0.48bn by the year 2024.
  • It is expected that the revenue will display an annual growth rate (CAGR 2024-2029) of 3.86%, leading to a market volume of US$0.58bn by 2029.
  • When compared globally, the United States is projected to generate the highest revenue of US$14,000.00m in 2024.
  • The demand for ophthalmic devices in Iran is experiencing significant growth due to an aging population and increasing prevalence of eye diseases.

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

 
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Analyst Opinion

The Ophthalmic Devices market in Iran is experiencing significant growth due to several factors. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to the development of the market. Customer preferences in the Ophthalmic Devices market in Iran are shifting towards advanced and innovative products. Iranian consumers are increasingly seeking products that offer improved vision correction and comfort. This preference for advanced technology is driving the demand for ophthalmic devices such as contact lenses, spectacles, and surgical instruments. Additionally, there is a growing interest in cosmetic and colored contact lenses, reflecting a desire for aesthetic enhancements. Trends in the market include the adoption of digital technology in ophthalmic devices. Digital devices such as smart glasses and virtual reality headsets are being integrated into the ophthalmic industry to enhance diagnosis, treatment, and patient experience. These devices provide accurate measurements and comprehensive data analysis, enabling ophthalmologists to deliver personalized and effective solutions to their patients. The increasing use of telemedicine and remote monitoring is also a notable trend in the market, allowing patients to receive ophthalmic care from the comfort of their homes. Local special circumstances in Iran, such as a large population and a high prevalence of eye disorders, contribute to the growth of the Ophthalmic Devices market. With a population of over 80 million, Iran has a significant market potential for ophthalmic devices. Additionally, the country has a relatively high prevalence of eye disorders, including cataracts, glaucoma, and refractive errors. This creates a strong demand for ophthalmic devices for both diagnosis and treatment purposes. Underlying macroeconomic factors also play a role in the development of the Ophthalmic Devices market in Iran. The country has been experiencing economic growth in recent years, leading to an increase in disposable income and healthcare expenditure. As a result, more individuals are able to afford ophthalmic devices and seek professional eye care services. Furthermore, the government has implemented policies to support the healthcare sector, including the expansion of healthcare infrastructure and the promotion of medical tourism. These initiatives further contribute to the growth of the Ophthalmic Devices market. In conclusion, the Ophthalmic Devices market in Iran is developing due to customer preferences for advanced products, trends in the market such as the adoption of digital technology, local special circumstances including a large population and high prevalence of eye disorders, and underlying macroeconomic factors such as economic growth and government support for the healthcare sector.

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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