Kenya Ophthalmic Diseases Drugs Market 2023 Share, Size, Key Players, Revenue Analysis | Prudent Markets

The Kenya Ophthalmic Diseases Drugs Market 2023 Report makes available the current and forthcoming technical and financial details of the industry. It is one of the most comprehensive and important additions to the Prudent Markets archive of market research studies. It offers detailed research and analysis of key aspects of the global Kenya Ophthalmic Diseases Drugs market. This report explores all the key factors affecting the growth of the global Kenya Ophthalmic Diseases Drugs market, including demand-supply scenario, pricing structure, profit margins, production, and value chain analysis.

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Report Overview

The Ophthalmic diseases drugs market size in Kenya stood at around USD xx billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

According to the National Eye Health Strategy Plan by the Ministry of Health, an estimated 15.5% of Kenyans are in need of quality eye care services, ranging from cataract surgery, diabetic retinopathy care, spectacle corrections and even basic ocular allergy treatment. About 0.7% of all rural Kenyans are blind in their better eye, and another 2.5% have vision which is substantially impaired. In Kenya it is estimated that 4.3% of persons aged above 50 years have the glaucoma disease and cataract contributes almost half (43%) of the total blindness, and 35.9% of the total population have Diabetes Mellitus with Diabetic Retinopathy. Cataract and Glaucoma impact negatively on the quality of life and may influence daily activities such as driving, walking and economic activities. Hence the ophthalmic diseases Drugs market in Kenya will experience enormous growth during the forecasted period.

Market Drivers

The market is majorly driven by the rising prevalence of ophthalmic diseases in Kenya. According to a study, the prevalence of visual impairment was 2.4% among the children aged 0-5 years in Kenya.

The Ophthalmic Division in Kenya has improved the health care and enhanced public awareness on ocular conditions such as refractive error. This has aided in early detection of ocular diseases and management making patients to regain their sight at an early age. The study conducted in Kenya, Nakuru County, estimated that 92,000 adults aged 50years had visual impairment of whom 11,600 were blind, out of a total population of approximately 4.3 million.

The increasing incidence of Ophthalmic diseases and increasing levels of awareness-related to Ophthalmic disease and treatments available are leading to a high growth of Ophthalmic Drugs.

Increase in the effective delivery of eye health care services and appropriate infrastructure for screening and detection of ophthalmic diseases will propel growth in the ophthalmic diseases therapeutic market during the forecasted period.

However, limited number of trained optometrists and human resources hamper growth of the ophthalmic disease Drugs market. Uncertain reimbursement policy is restraining markets growth.

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Market Segmentation

By Indication:

On the basis of Indication, the ophthalmic disease Drugs market can be segmented into refractive errors, trachoma, glaucoma, cataract, diabetic retinopathy, allergic conjunctivitis and age-related macular degeneration.

Trachoma is a bacterial eye disease caused by Chlamydia trachomatis. Glaucoma is a group of eye conditions that damages the optic nerve. Cataract refers to clouding of the lens of the eye due to deposition of proteins. Allergic Conjunctivitis is inflammation of the lining of the eye due to allergens like pollen etc.

By Drug Class:

On the basis of drug class, the ophthalmic disease Drugs market in Kenya can be segmented into anti-allergic, corticosteroids, non-steroidal anti-inflammatory drugs, anti-biotics, anti-glaucoma and other drug classes.

By Route of Administration:

On the basis of route of administration, the market can be segmented into oral, topical and other drugs.

Topical drugs segment accounts for the largest market share and it includes eye drops, eye gels, ointments and solutions.

By Mode of Prescription:

On the basis of mode of prescription, the market can be segmented into prescription-based drugs and over-the-counter drugs.

The fastest growing segment is the over-the-counter drugs segment during the forecasted period.

By Distribution Channels:

On the basis of distribution channels, the market can be segmented into hospital pharmacies, retail pharmacies, online pharmacies and others.

Major Players

Prominent companies leading in the ophthalmic disease therapeutic market are Bayer East Africa Limited, GlaxoSmithKline (GSK), Pfizer.inc, Novartis, Eli Lilly, Roche and Novo Nordisk. Many new players are entering the market owing to high growth opportunities.

Some of the local pharmaceutical companies in Kenya operating in the ophthalmic drug market are Cosmos Limited, Alpha Medical Manufacturers and Universal Pharmaceutical Limited.

Highlighted Segments of Kenya Ophthalmic Diseases Drugs Market:

Industry Overview: The first section of the research study covers an overview of the global Kenya Ophthalmic Diseases Drugs Market, market status and prospects, and product range. In addition, it provides highlights of the major segments of the global Market, i.e., region, type, and application segments.

Competitive Analysis: This report illuminates important mergers and acquisitions, business expansion, product or service differences, market concentration, the competitive status of the global Kenya Ophthalmic Diseases Drugs Market, and market size by player.

Company Profiles and Key Data: This section covers companies profiling the major players in the global Kenya Ophthalmic Diseases Drugs Market based on the aforementioned revenue, products, business, and other factors.

Market size by type and application: In addition to providing an in-depth analysis of the industry size by type and application, this section provides research on top end users or consumers and potential applications.

Market Dynamics: This report covers the drivers, trends, and opportunities of the global Kenya Ophthalmic Diseases Drugs Market. This section also includes Porter's analysis of five forces.

Findings and Conclusions: It provides strong recommendations for new as well as established players for securing a position of strength in the global Kenya Ophthalmic Diseases Drugs Market.

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The report covers the competitive analysis of the market. As the demand is driven by a buyer's paying capacity and the rate of item development, the report shows the important regions that will direct growth. This section exclusively shares insight into the budget reports of big-league members of the market helping key players and new entrants understand the potential of investments in the Global Kenya Ophthalmic Diseases Drugs Market. It can be better employed by both traditional and new players in the industry for complete know-how of the market.

Strategic Points Covered in Table of Content of Global Kenya Ophthalmic Diseases Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Kenya Ophthalmic Diseases Drugs market
Chapter 2: Exclusive Summary - the basic information of the Kenya Ophthalmic Diseases Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Kenya Ophthalmic Diseases Drugs
Chapter 4: Presenting the Kenya Ophthalmic Diseases Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Kenya Ophthalmic Diseases Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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-An extra edge in the competitive market could be obtained from this elaborative research report
-The report offers all the competitive landscape, growth drivers, applications, market dynamics, and other necessary details as well.

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