Press release
Stye Drug Market – Leading Players are Pfizer Inc, XOMA, EyePoint Pharmaceuticals, Enzo Biochem Inc., AbbVie Inc, TopiVert Ltd, Santen Pharmaceutical Co., Ltd., Regeneron Pharmaceuticals Inc
Stye Drug Market
Global Stye Drug Market is rising gradually with a substantial CAGR in the forecast period of 2019-2026. Growing population of stye population worldwide and emergence of drugs used in the treatment of risk associated with stye disease are the key factors to drive the market growth.
Market Definition: Global Stye Drug Market
Stye is also known as hordeolum is an ocular disease in which small lumps grows at the edge of eyelids or at the base of the eyelashes. It is caused by bacterial infections. The patients with stye may experience inflammation of eyes, swelling and tearing.
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According to the article published in Jobson Medical Information LLC, it is estimated that total population of allergic conjunctivitis is up to 30% of general population worldwide. Exposure to certain toxin or change in environment may enhance the prevalence of stye infections which acts as a key factor for the market growth.
Market Drivers
Ongoing clinical trial studies being carried out by many pharmaceuticals industries
Exposure to certain toxin or change in environment may increase the stye infections
Prevalence of indoor as well as outdoor allergens
Increase in prevalence rate of stye disease worldwide
Market Restraints
Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market.
Inadequate knowledge about stye disease in some developing countries
Segmentation: Global Stye Drug Market
By Type
External hordeolum
Internal hordeolum
By Therapy Type
Antibiotics Therapy
Eyes Warming Therapy
By Treatment
Medication
Surgery
By Drug Class
Anti-infective
Bacitracin
Azithromycin
Ophthalmic Steroids
Fluorometholone
By Route of Administration
Oral
Topical
By End Users
Hospitals
Homecare
Specialty Clinics
Others
By Geography
North America
S.
Canada
Mexico
Europe
Germany
Italy
K.
France
Spain
Netherlands
Belgium
Switzerland
Turkey
Russia
Rest of Europe
Asia-Pacific
Japan
China
India
South Korea
Australia
Singapore
Malaysia
Thailand
Indonesia
Philippines
Rest of Asia-Pacific
South America
Brazil
Rest of South America
Middle East and Africa
South Africa
Rest of Middle East and Africa
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Key Developments in the Market:
In August 2018, Senju USA, Inc. conducting phase III (SUNRISE) clinical trial for their lead candidate SUN 131 TDS to evaluate the safety and efficacy in patients with chalazion. If approved it will represent a new and significant treatment options for chalazion.
In September 2015, Sun Pharmaceutical Industries Ltd acquired InSite Vision Inc for up to USD 48.00mm. The acquisitions of InSite Vision Inc, strengthens the branded ophthalmic portfolio of Sun Pharmaceutical Industries Ltd in the United States.
Competitive Analysis:
Global stye drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Stye Drug for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Players:
Few of the major competitors currently working in the global stye drug market are Novartis AG, Johnson & Johnson Services, Inc., Bausch Health, Sun Pharmaceutical Industries Ltd, ALLERGAN, Merck & Co., Inc, Pfizer Inc, XOMA, EyePoint Pharmaceuticals, Enzo Biochem Inc., AbbVie Inc, TopiVert Ltd, Santen Pharmaceutical Co., Ltd., Regeneron Pharmaceuticals Inc, HanAll Biopharma, DAIICHI SANKYO COMPANY, LIMITED, Alphamab Co. Ltd, Coherus BioSciences, Ligand Pharmaceuticals Incorporated, Clearside Biomedical, Inc. and many others.
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