Ophthalmology Drugs Market is Projected to Reach $53,698.87 Million by 2030 | Top Players Novartis AG, Regeneron Pharmaceuticals, Inc., Allergan plc, Bayer AG, Santen Pharmaceutical Co., Ltd.

The Business Research Company offers " Ophthalmology Drugs Market - By Type (Antglaucoma Drugs, Dry Eye Medication And Other Ophthalmological Drugs), By Distribution Channel (Hospital Pharmacies, Retail Pharmacies/ Drug Stores And Others), By Drug Classification (Branded Drugs And Generic Drugs), By Mode Of Purchase (Prescription-Based Drugs, Over-The-Counter Drugs) And By Regional Analysis | Global Forecast To 2023" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market's historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global ophthalmology drugs market is expected to decline from $24,640.0 million in 2019 to $19,831.3 million in 2020 at a compound annual growth rate (CAGR) of -19.5%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 44.6% from 2021 and reach $33,272.8 million in 2023. The market is expected to grow at a CAGR of 7.2% to nearly $38,223.53 million by 2025, and at a CAGR of 7.0% to $53,698.87 million by 2030.

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The ophthalmology drugs market consists of sales of ophthalmology drugs and related services by entities (organizations, sole traders and partnerships) that produce ophthalmology drugs to treat eye related diseases. The ophthalmology drugs industry includes establishments that produce pharmaceutical drugs to treat glaucoma diseases, anti- inflammatory and tear stimulating drugs under dry eye medications drugs, and other drugs for treating retinal disorders and allergies. Some of the major ophthalmic drugs include Eylea, Lucentis, Restasis, Vigamox, Azopt, and Lotemax.

Increasing incidence and prevalence of eye diseases causing vision loss or blindness and age-related eye diseases is expected to support the growth of the ophthalmic drugs market. Eye disorders such as age-related macular degeneration (AMD), glaucoma, diabetic retinopathy, and cataract are becoming major causes of visual impairment and blindness globally. Globally, AMD ranks the third cause of blindness after cataract and glaucoma.lxxix It is estimated that AMD, on average, affects an estimated 34 million people in the European Union (EU) with 22 million people, in the five most populous European countries alone. It is expected that there will be a 25% rise in AMD patient population by 2050 owing to the population growth and aging. By 2050, an estimated 7.32 million people in the USA are expected to have primary open angle glaucoma (POAG), a rise from 3.15 million in 2015.lxxx There has also been a rise in diabetic retinopathy largely due to the spike in diabetes across the world.

Ophthalmology Drugs Market Segmentation: -
By Drug Type
Antiglaucoma Drugs
Dry Eye Medication
Other Ophthalmology Drugs

By Prescription Type
OTC Drugs
Prescription Drugs

By Drug Variation
Branded Drugs
Generic Drugs

By Distribution Channel
Hospital Pharmacies
Eye Health Clinics
Retail Pharmacies
Online Pharmacies

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Few Points From Table Of Content
1. Ophthalmology Drugs Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
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27. Global Ophthalmology Drugs Market Competitive Landscape
28. Ophthalmology Drugs Market, Key Mergers And Acquisitions
29. Market Background: Pharmaceutical Drugs Market
30. Global Ophthalmology Drugs Market Opportunities And Strategies
31. Ophthalmology Drugs Market, Conclusions And Recommendations
32. Appendix
33. Copyright and Disclaimer

The report covers the trends and market dynamics of the Ophthalmology Drugs Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Ophthalmology Drugs Market are Novartis AG, Regeneron Pharmaceuticals, Inc., Allergan plc, Bayer AG, Santen Pharmaceutical Co., Ltd.

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