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Conjunctivitis Treatment Market Growth, Key Drivers, Analysis Trends 2024-2033
Conjunctivitis Treatment Market
The Business Research Company presents an extensive market research report on the Conjunctivitis Treatment Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The conjunctivitis treatment market size has grown steadily in recent years. It will grow from $4.49 billion in 2023 to $4.7 billion in 2024 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to globalization of eye care services, increased affordability and accessibility, demand for combination therapies, innovation in anti-inflammatory treatments, growth in eye care infrastructure.
The conjunctivitis treatment market size is expected to see steady growth in the next few years. It will grow to $5.48 billion in 2028 at a compound annual growth rate (CAGR) of 4.0%. The growth in the forecast period can be attributed to focus on preventive healthcare, rise in global incidence of conjunctivitis, growth in healthcare awareness and access, increase in environmental allergens, expanding aging population. Major trends in the forecast period include regulatory shifts in treatment approvals, focus on comfort and symptom management, integration of artificial intelligence in diagnosis, demand for combination therapies, growth in herbal and alternative remedies.
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Key Market Players:
Major companies operating in the conjunctivitis treatment market report are Pfizer Inc., Johnson and Johnson, AbbVie Inc., Novartis AG, Sanofi SA, Boehringer Ingelheim, Viatris Inc., Teva Pharmaceutical Industries Ltd., Alcon Laboratories Inc., Sun Pharmaceutical Industries Ltd., Aurobindo Pharma Limited, Dr. Reddy's Laboratories Ltd., Cipla Inc., Bausch Health Companies Inc, Santen Pharmaceuticals Co. Ltd, Lupin Limited, Allergan PLC, Alembic Pharmaceuticals Ltd, Akorn Inc., Micro Labs Ltd., Indoco Remedies Ltd., Mankind Pharma Ltd., AFT pharmaceuticals Limited, Ocular Therapeutics Inc., Sirion Therapeutics Inc., Jabs Biotech Pvt. Ltd., Atopix Therapeutics Ltd., JAWA Pharmaceuticals Pvt. Ltd., Eyevance Pharmaceuticals LLC, NicOx SA
Market Drivers:
The rising prevalence of conjunctivitis cases is expected to propel the growth of the conjunctivitis treatment market going forward. Conjunctivitis refers to the inflammation of the conjunctiva, the thin, clear tissue that covers the white part of the eye and lines the inner surface of the eyelids. The growth of the conjunctivitis treatment market is driven by the increased demand for treatment options as more individuals seek medical attention and treatment due to the rising prevalence of conjunctivitis. For instance, in June 2022, according to the American Medical Association, a US-based professional association, the prevalence of viral conjunctivitis was found to be higher than bacterial conjunctivitis among adults, accounting for 78% compared to 16%, respectively, in the year 2022. Further, bacterial conjunctivitis was higher at 71% among children, while viral conjunctivitis accounted for 16%. Therefore, the rising prevalence of conjunctivitis cases drives the demand for the conjunctivitis treatment market.
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https://www.thebusinessresearchcompany.com/report/conjunctivitis-treatment-global-market-report
The conjunctivitis treatment market covered in this report is segmented -
1) By Drug Class: Antibiotics, Antiviral, Anti-Allergic, Artificial Tears
2) By Disease Type: Allergic Conjunctivitis, Bacterial Conjunctivitis, Viral Conjunctivitis
3) By Route Of Administration: Oral, Topical
4) By End-Users: Hospitals, Homecare, Specialty Clinics, Other End-Users
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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