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Ophthalmic Drugs Market to reach USD 52.8 Bn in 2031, expanding at a CAGR of 6.2%: TMR Report

02-29-2024 08:40 AM CET | Health & Medicine

Press release from: Transparency Market Research

Ophthalmic Drugs

Ophthalmic Drugs

The global ๐จ๐ฉ๐ก๐ญ๐ก๐š๐ฅ๐ฆ๐ข๐œ ๐๐ซ๐ฎ๐ ๐ฌ ๐ฆ๐š๐ซ๐ค๐ž๐ญ, valued at US$ 31.4 Bn in 2022, is on a trajectory of substantial growth, projected to achieve a remarkable CAGR of 6.2% from 2023 to 2031, ultimately exceeding US$ 52.8 Bn by 2031.

This growth is primarily fueled by the escalating prevalence of various eye disorders and diseases, including glaucoma, cataracts, macular degeneration, and diabetic retinopathy. Factors such as an aging population and shifting lifestyles contribute to the surge in eye conditions, driving demand for effective ophthalmic drugs for management and treatment. Additionally, increased healthcare expenditure and growing awareness regarding eye health further bolster the expansion of the global ophthalmic drugs market, underscoring the importance of addressing these pressing medical needs.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1769&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐๐ฅ๐š๐ฒ๐ž๐ซ๐ฌ:

AbbVie, Inc., Alcon Vision LLC, Bausch Health Companies, Inc., Bayer AG, Coherus BioSciences, F. Hoffmann-La Roche Ltd., Novartis Pharmaceuticals Corporation, Pfizer, Inc., Regeneron Pharmaceuticals, Inc., Santen, Inc., Sun Pharmaceutical Industries Ltd., and Teva Pharmaceutical Industries Ltd.

๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

Therapeutic Class

Anti-VEGF Agents
Anti-glaucoma Drugs
Alpha Agonist
Beta Blockers
Prostaglandin Analogs
Combined Medication
Others

Anti-inflammatory Drugs
Steroids
NSAIDs
Anti-infective Drugs
Anti-bacterial Drugs
Anti-fungal Drugs
Others

Anti-allergy Drugs
Others

Indication

Dry Eye
Glaucoma
Infection / Inflammation
Retinal Disorders
Wet AMD
Dry AMD
Diabetic Retinopathy
Others

Allergy
Uveitis
Others

Route of Administration

Topical
Local Ocular (intravitreal)
Others

Product Type

OTC
Prescription
Dosage Form
Eye Drops
Eye Solutions & Suspensions
Capsules & Tablets
Gels
Ointments
Others

Distribution Channel

Hospital Pharmacies
Retail Pharmacies
Online Pharmacies

๐†๐ž๐ญ ๐“๐ก๐ข๐ฌ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1769<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

Inย April 2022,ย Sandoz, a Novartis division, announced the U.S. launch of the generic combination eyedrop brimonidine tartrate/timolol maleate ophthalmic solution 0.2%/0.5%, an AB-rated generic equivalent to AbbVie's COMBIGAN, to lower eye pressure in patients with ocular hypertension

Inย January 2022,ย F. Hoffmann-La Roche Ltd.ย received the U.S. Food and Drug Administration (FDA) approval for Vabysmo (faricimab-svoa) for the treatment of wet, or neovascular, age-related macular degeneration (AMD) and diabetic macular edema (DME)

Inย October 2021,ย the U.S. FDA approved AbbVie, Inc.'s Vuity (pilocarpine HCl ophthalmic solution) for the treatment of presbyopia. Vuity is the first and only eye drop to treat presbyopia, or age-related blurry near vision, in adults.

Inย September 2021,ย Teva Pharmaceuticals USA, Inc., an affiliate of Teva Pharmaceutical Industries Ltd., received an approval from the U.S. FDA for the first available generic version of AZOPT (brinzolamide ophthalmic suspension) 1% for the treatment of high pressure inside the eye due to ocular hypertension and open-angle glaucoma.

๐‘๐ž๐ ๐ข๐จ๐ง๐ฌ ๐‚๐จ๐ฏ๐ž๐ซ๐ž๐:

North America(USA, Canada and Mexico)
Europe(UK, Germany, France and the Rest of Europe)
Asia Pacific(China, Japan, India, and the Rest of the Asia Pacific region)
South America(Brazil, Argentina and the Rest of South America)
Middle East and Africa(GCC and Rest of the Middle East and Africa)

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Noteworthy trends include the adoption of novel drug delivery systems, rising demand for combination therapies, and increasing focus on personalized medicine approaches tailored to individual patient needs.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future of the ophthalmic drugs market appears promising, with continued research and development efforts expected to yield groundbreaking therapies and treatments for various eye conditions. Collaboration between pharmaceutical companies and research institutions is likely to drive innovation and accelerate market growth.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Epidemiological trends and prevalence rates of major eye diseases.
Regulatory landscape governing ophthalmic drugs.
Competitive analysis of major market players.
Market penetration strategies and expansion opportunities.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐’๐ก๐จ๐ญ๐œ๐ซ๐ž๐ญ๐ž/๐’๐ฉ๐ซ๐š๐ฒ๐ž๐ ๐‚๐จ๐ง๐œ๐ซ๐ž๐ญ๐ž ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/12/2668042/0/en/Shotcrete-Sprayed-Concrete-Market-is-expected-to-see-a-growth-of-7-during-the-forecast-period-2023-2031-Exclusive-Report-by-Transparency-Market-Research.html

๐๐จ๐ง-๐ˆ๐ง๐ฏ๐š๐ฌ๐ข๐ฏ๐ž ๐“๐ž๐ฌ๐ญ๐ข๐ง๐  ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/12/2667973/0/en/Non-Invasive-Testing-Market-Predicted-to-Grow-at-14-8-CAGR-from-2022-2031-as-per-TMR-Analysis.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Transparency Market Research Inc.
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