Press release
Ophthalmic Drugs Market to reach USD 52.8 Bn in 2031, expanding at a CAGR of 6.2%: TMR Report
The global ๐จ๐ฉ๐ก๐ญ๐ก๐๐ฅ๐ฆ๐ข๐ ๐๐ซ๐ฎ๐ ๐ฌ ๐ฆ๐๐ซ๐ค๐๐ญ, 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.
๐๐๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ :
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1769&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR
๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ:
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.
๐๐๐ ๐ฆ๐๐ง๐ญ๐๐ญ๐ข๐จ๐ง:
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
๐๐๐ญ ๐๐ก๐ข๐ฌ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ, ๐๐ง๐ฌ๐ญ๐๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1769<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR
๐๐๐ฒ ๐๐๐ฏ๐๐ฅ๐จ๐ฉ๐ฆ๐๐ง๐ญ๐ฌ:
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.
๐๐๐ ๐ข๐จ๐ง๐ฌ ๐๐จ๐ฏ๐๐ซ๐๐:
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)
๐๐๐ซ๐ค๐๐ญ ๐๐ซ๐๐ง๐๐ฌ:
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 ๐ฎ๐ญ๐ฎ๐ซ๐ ๐๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:
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.
๐๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:
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.
๐๐ซ๐จ๐ฐ๐ฌ๐ ๐๐จ๐ซ๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ฒ ๐๐๐:
๐๐ก๐จ๐ญ๐๐ซ๐๐ญ๐/๐๐ฉ๐ซ๐๐ฒ๐๐ ๐๐จ๐ง๐๐ซ๐๐ญ๐ ๐๐๐ซ๐ค๐๐ญ- 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
๐๐จ๐ง-๐๐ง๐ฏ๐๐ฌ๐ข๐ฏ๐ ๐๐๐ฌ๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ- 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
๐๐๐จ๐ฎ๐ญ ๐๐ซ๐๐ง๐ฌ๐ฉ๐๐ซ๐๐ง๐๐ฒ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก
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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.
๐๐จ๐ง๐ญ๐๐๐ญ:
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