Press release
Precise Growth of Ophthalmic Medicine Market Impact of Existing and Emerging Flexible Trends and Top Key Players (Alcon, Novaliq, Shenyang Xingqi Pharma, Zhejiang Shapuaisi Pharma) | Future Outlook 2020-2025
Ophthalmic Medicine Market
Overview of Global Ophthalmic Medicine Market:
This report studies the Global Ophthalmic Medicine Market over the forecast period of 2020 to 2025. The Global Ophthalmic Medicine Market is expected to grow at an impressive Compound Annual Growth Rate (CAGR) from 2020 to 2025.
The most important key factors driving the growth of the Global Ophthalmic Medicine Market are growing incidence and prevalence of eye related disorders such as presbyopia, macular degeneration, and diabetic retinopathy among the aging population. According to the WHO, in 2019, approximately 2.2 billion people were visually impaired. In addition, over 39 million had vision loss, nearly 188.5 million people suffered from mild vision impairment, and over 217 million people were experiencing moderate to severe vision impairment.
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The Global Ophthalmic Medicine Market is segmented on the basis of Type, Application and Region. Based on the Type, the Global Ophthalmic Medicine Market is sub-segmented into Eye Drops, Eye Ointment, Gelling Agent, Tablet, Injection and others. On the basis of Application, the Global Ophthalmic Medicine Market is classified into Anti-fatigue & Dryness, Cataract, Anti-infective and others.
In terms of the geographic analysis, The Ophthalmic Medicine Market in North America is expected to grow at the highest CAGR during the forecast period. Moreover, the presence of major players in the Ophthalmic Medicine Market ecosystem results in the increasing adoption of these systems in North America.
Global Ophthalmic Medicine Market Objectives:
1 To provide detailed information regarding key factors (drivers, restraints, opportunities, and industry-specific challenges) influencing the growth of the Ophthalmic Medicine Market
2 To analyze and forecast the size of the Ophthalmic Medicine Market, in terms of value and volume
3 To analyze opportunities in the Ophthalmic Medicine Market for stakeholders and provide a competitive landscape of the market
4 To define, segment, and estimate the Ophthalmic Medicine Market based on deposit type and end-use industry
5 To strategically profile key players and comprehensively analyze their market shares and core competencies
6 To strategically analyze micromarkets with respect to individual growth trends, prospects, and contribution to the total market
7 To forecast the size of market segments, in terms of value, with respect to main regions, namely, Asia Pacific, North America, Europe, the Middle East & Africa, and South America
8 To track and analyze competitive developments, such as new product developments, acquisitions, expansions, partnerships, and collaborations in the Ophthalmic Medicine Market
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Top Leading Key Manufacturers are: Novaliq, Shenyang Xingqi Pharmaceutical, Zhejiang Shapuaisi Pharmaceutical, Chengdu Kanghong Pharmaceutical Group, Santen Pharmaceutical, Bausch Health, Alcon NV, Mentholatum and others. New product launches and continuous technological innovations are the key strategies adopted by the major players.
Worldwide Medical Industry News:
Alcon (March 12, 2020) - Alcon Announces European Launch of Vivity, the Only Presbyopia-correcting Intraocular Lens With X-WAVE Technology - Alcon, the global leader in eye care announced AcrySof IQ Vivity, a first-of-its-kind intraocular lens (IOL) is now commercially available in select European markets, with additional countries to follow throughout 2020.
The latest innovation in Alcon's portfolio of presbyopia-correcting IOLs (PC-IOLs), Vivity is the first-of-its-kind, extended range of vision IOL that uses non-diffractive design called X-WAVE technology to reduce a cataract patient's dependency on glasses. According to patient-reported outcomes, Vivity enables high-quality vision at far and intermediate ranges as well as functional up-close vision. Available in spherical and toric designs, Vivity is built on Alcon's proven AcrySof IQ IOL platform that has been implanted in more than 120 million eyes globally.
"We are excited to introduce Vivity because it addresses some common concerns of surgeons and cataract patients alike when considering presbyopia-correcting IOLs (PC-IOLs)," said Michael Onuscheck , President, Global Business and Innovation at Alcon . "This novel non-diffractive lens option provides PC-IOL performance with the ease of monofocal patient management."
Alcon's proprietary non-diffractive technology uses two smooth surface transition elements on the anterior surface of the IOL that work simultaneously to create continuous, extended range of vision rather than separate focal points. Recent clinical trials found Vivity provides very good quality of vision at distance and intermediate ranges in bright and dim light. Without glasses, 94 percent of patients reported good or very good vision at distance, and 92 percent reported good or very good vision at arm's length. Additionally, patients using Vivity reported such low levels of starbursts, halos and glares that Vivity's visual disturbance profile is comparable to a monofocal lens.
Region segment: This report is segmented into several key regions, with sales, revenue, market share (%) and growth Rate (%) of Ophthalmic Medicine in these regions, from 2013 to 2025 (forecast), covering: North America, Europe, Asia Pacific, Middle East & Africa and South America
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Major Points in Table of Contents:
Global Ophthalmic Medicine Market Report 2020
1 Ophthalmic Medicine Product Definition
2 Global Ophthalmic Medicine Market Manufacturer Share and Market Overview
2.1 Global Manufacturer Ophthalmic Medicine Shipments
2.2 Global Manufacturer Ophthalmic Medicine Business Revenue
2.3 Global Ophthalmic Medicine Market Overview
2.4 COVID-19 Impact on Ophthalmic Medicine Industry
3 Manufacturer Ophthalmic Medicine Business Introduction
3.1 Novaliq Ophthalmic Medicine Business Introduction
3.2 Shenyang Xingqi Pharmaceutical Co.,Ltd. Ophthalmic Medicine Business Introduction
3.3 Zhejiang Shapuaisi Pharmaceutical Ophthalmic Medicine Business Introduction
3.4 Chengdu Kanghong Pharmaceutical Group Ophthalmic Medicine Business Introduction
3.5 Santen Pharmaceutica Ophthalmic Medicine Business Introduction
3.6 Bausch Health Ophthalmic Medicine Business Introduction
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