Press release
Conjunctivitis Treatment Global Market Report 2024 - By Trends, Size, Share, Growth, Outlook By 2033
Conjunctivitis Treatment Market
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..
Market Overview -
Conjunctivitis treatment refers to the medical interventions and therapies to manage and resolve the symptoms and underlying causes of conjunctivitis, also known as pink eye. It involves using various medications to reduce inflammation, relieve symptoms, and prevent the spread of the infection.
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Rising Prevalence Of Conjunctivitis Propelling Growth In The Conjunctivitis Treatment Market
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.
Competitive Landscape -
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
Product Innovation Driving Advancements In The Conjunctivitis Treatment Market
Product innovation has emerged as a key trend gaining popularity in the conjunctivitis treatment market. Major companies operating in the conjunctivitis treatment market are concentrating on creating innovative products to strengthen their position in the market. For instance, in March 2022, Johnson & Johnson Vision Care, a US-based division of Johnson & Johnson focused specifically on eye health and vision care, received US FDA approval for ACUVUE Theravision with Ke*totifen, the world's first drug-eluting contact lens. This innovative technology combines ACUVUE daily disposable contact lenses with an established antihistamine, creating a new category in the market. ACUVUE Theravision with Ke*totifen is indicated for preventing ocular itch caused by allergic conjunctivitis and providing vision correction for suitable contact lens wearers without red eyes and with up to 1.00 D of astigmatism.
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Key Segments -
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
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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