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Ocular Pain Market Disease Type, Size, Share, Industry Trends and Forecast to 2029

11-29-2023 07:44 AM CET | Health & Medicine

Press release from: DBMR

/ PR Agency: DBMR
The global ocular pain market is expected to witness significant growth during the forecast period. The market comprises of numerous key players who are focusing on research and development activities to formulate novel drugs and involve new therapies for the effective treatment. The major market players are involved in licensing and patenting due to the increasing demand for novel and effective drugs across the globe. The rising awareness among people for eye-related diseases and more and more cases of ocular migraine is further boosting the market growth. COVID-19 also had a major impact on the market growth.

Data Bridge Market Research analyses a growth rate in the global ocular pain market in the forecast period 2022-2029. The expected CAGR of global ocular pain market is tend to be around 8% in the mentioned forecast period. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Market Definition

Ocular pain which is also known as eye pain, usually occurs due to mild irritation, but it is rarely a symptom of a serious condition. Normally the pain gets subsided without medicine or further treatment, and recovers automatically by the self-immune system. Although, ocular pain having primary ophthalmic disorders requires timely treatment. Often ocular pain is treated with eye drops and topical steroids or NSAIDs.

Access Full report: https://www.databridgemarketresearch.com/reports/global-ocular-pain-market

Drivers

Increase in Elderly Population
The global ocular pain market is expected to witness a heavy growth rate in the forecast period driven by the factor of an aging population. The increasing demand in the global ocular pain market is a replication of the growing elderly population, as people aged over 60 years frequently develop conditions in which eyes have reduced elasticity, affecting the normal functioning. This boost the market growth.

Increased Product Launches
Rising strategies such as new product launches could help the major market players gain a competitive edge over the other players. For instance, Dextenza is the first FDA-approved intracanalicular insert, which volunteers the drug to the surface of the eye without the requirement for eye drops. Another one is Lotemax SM which was approved in February 2019, to treat postoperative inflammation and pain following ocular surgery. This boosts the market growth

Opportunities

Rising Government Initiatives
The growing adoption of initiatives, policies, and programs by the government authorities and many public organizations is improving access to affordable vision care, which is anticipated to drive the market size.

Increasing Demand for Retail Pharmacies
The rise in the number of vitreoretinal disorders medications being delivered through retail pharmacies and the increase in the number of retail pharmacies in highly developed countries can create opportunities for the market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.

Restraints/Challenges

Lack of skilled professionals
The lack of skilled healthcare personnel who are unable to treat the patients with appropriate treatments could curb the growth of the global ocular pain market over a forecast period.

High Cost
The huge expenditure associated with the treatment of vitreoretinal disorders surely hamper the market growth.

This global ocular pain market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the global ocular pain market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Key players operating in the global ocular pain market include:

Aerie Pharmaceuticals, Inc. (U.S.)
Merck & Co. Inc. (U.S.)
Pfizer Inc. (U.S.)
Teva Pharmaceutical Industries Ltd. (Israel)
Alcon (Switzerland)
Bayer AG (Germany)
Amgen Inc. (U.S.)
Carl Zeiss Meditec AG (Germany)
HumanOptics Holding AG (Germany)
Sun Pharmaceuticals Industries Ltd. (India)
Amneal Pharmaceuticals LLC. (U.S.)
Alvogen (U.S.)
Bausch Health Companies Inc. (U.S.)
Ocular Therapeutix, Inc. (U.S.)
IACTA Pharmaceuticals, Inc (U.S.)

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About Data Bridge Market Research:

An absolute way to forecast what future holds is to comprehend the trend today!

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavours to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process. Data Bridge is an aftermath of sheer wisdom and experience which was formulated and framed in the year 2015 in Pune.

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