The Global Ophthalmic Drugs Market was valued at US$ XX Mn in 2016 and is expected to reach US$ XX Mn by 2022 growing at a CAGR of XX% during the forecast period . As seen, the ophthalmic industry is a rapidly growing area in today’s medical world due to the ever increasing aging population in the world. Ophthalmic drugs cover a wide range of tools and products which are used in eye surgery and curing different types of eye ailments.
Ophthalmic drugs are the drugs that are used for the treatment of eye diseases and disorders. The ophthalmic drugs market is growing due to increase in prevalence of eye disorders and the use of combination therapies. Combination therapies have various advantages over traditional medication such as improved patient compliance and efficacy. Other drivers supporting the Ophthalmic drugs market include the lack of awareness among people regarding eye ailments, disorders and lack of health insurance amongst people within the developing and especially the underdeveloped countries lies.
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In today’s millennial world, ophthalmic drugs is a booming market because of the increasing eye ailments among the seniors. These include intraocular eye disorders such as cataract, glaucoma, age-related macular degeneration, diabetic retinopathy, etc. Further, problems such as dry-eye, conjunctivitis, ileitis, and others are further piling up and is growing exponentially over the years. Hence, major firms are largely investing in R&D of their ophthalmic division and are trying to come up with the next-gen solutions.
Analysis by Treatment: The market is segmented into Dry eye drugs, Retinal drugs, Anti-inflammatory/allergy/infective drugs, Anti-glaucoma drugs. Glaucoma has the largest market share in the ophthalmic drugs market.
Analysis by Drugs: The market is segmented based on the Anti-inflammatory Drugs (Nonsteroidal Anti-inflammatory Drugs and Steroids), Anti-infective Drugs (Anti-fungal Drugs and Anti-bacterial Drugs), Anti-glaucoma Drugs (Alpha Agonist, Beta Blockers, Prostaglandin Analogs, and Combined Medication), Anti-allergy Drugs, and Anti-VEGF Agents.
The market is widely divided demographically, with US enjoying the largest market share globally and UK having the largest share in Europe. APAC, Japan & Asia-Pacific also grant themselves a dominant market share.
Some of the major players in the market include Novartis, Shire, Aerie Pharmaceuticals, Inc., Bayer AG, Pfizer Inc., Valeant Pharmaceuticals International, Inc., Genentech, Inc. , Regeneron Pharmaceuticals, Inc., and Santen Pharmaceutical Co., Ltd.
The report contains comprehensive analysis on:
Ophthalmic drugs Market Segments
Ophthalmic drugs Market Drivers, Restraints and Opportunities
Ophthalmic drugs Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Ophthalmic drugs Market Current Trends
Competition &Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
Regional analysis for Ophthalmic drugs Market includes
US and Canada
Mexico, Brazil, Argentina and Rest of Latin America
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Rest of Eastern Europe
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
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Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides in-depth market segmentation that is derived from extensive product mapping exercises, macro-economic factors and other qualitative and quantitative insights. The impact of all such factors are delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
In-depth Market Segmentation
Historical and Projected Market Sizing in terms of volume and value
Recent market trends and Impact Factors
R&D Status and Technology Overview
Extensive Industry Structure Coverage