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Bacterial Conjunctivitis Market Share Analysis, Leading Players, Growth, Trends, And Forecast To 2033
Bacterial Conjunctivitis Market
As per the report, the bacterial conjunctivitis market size has grown strongly in recent years. It will grow from $4.29 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The bacterial conjunctivitis market size is expected to see steady growth in the next few years. It will grow to $5.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%.
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Rising Prevalence Of Eye Infections Drives The Bacterial Conjunctivitis Market
The increasing prevalence of eye infections is expected to propel the growth of the bacterial conjunctivitis market going forward. An eye infection is a condition in which the eye is affected by the invasion and multiplication of harmful microorganisms such as bacteria, viruses, fungi, or parasites. It includes conjunctivitis, trachoma, and keratitis. Bacterial conjunctivitis is an eye infection caused by bacteria treated with prescribed medications, self-care techniques, and hygiene measures. For instance, in October 2022, according to the World Health Organization, a Switzerland-based intergovernmental organization, in 2021, approximately 69,000 people underwent surgery for the late and blinding stage of trachoma ( Eye bacterial infection), while 64.6 million people received treatment with antibiotics for trachoma. Furthermore, in October 2022, according to The BrightFocus Foundation, a US-based nonprofit organization, there were currently 80 million glaucoma sufferers globally, and by 2040, it is projected to rise to nearly 111 million. Therefore, the increasing prevalence of eye infections is driving the growth of the bacterial conjunctivitis market.
Innovative Eye Drops Transforming the Bacterial Conjunctivitis Market
Major companies operating in the bacterial conjunctivitis market are increasing their focus on developing innovative eye drops, such as broad-spectrum eye drops, to maximize their revenues in the market. Broad-spectrum eye drops are medications designed to treat various eye infections, including those caused by various bacteria. These eye drops contain antibiotics that are effective against a broad spectrum of bacteria rather than targeting a specific type. For instance, in June 2023, Harrow Health, a US-based pharmaceutical company, launched Vigamox (moxifloxacin hydrochloride ophthalmic solution) 0.5% in the US. Vigamox is a fluoroquinolone antibiotic eye drop used to treat bacterial conjunctivitis.
The bacterial conjunctivitis market covered in this report is segmented -
1) By Types: Hyperacute Bacterial Conjunctivitis, Acute Bacterial Conjunctivitis, Chronic Bacterial Conjunctivitis
2) By Drug Class: Antibiotics, Fluoroquinolones, Aminoglycosides, Macrolides, Antihistamines, Corticosteroids, Other Drug Classes
3) By Route of Administration: Oral, Topical, Other Routes Of Administrations
4) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channels
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Major companies operating in the bacterial conjunctivitis market report are Pfizer Inc., Johnson & Johnson, F. Hoffman La-Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi S.A., AstraZeneca PLC, GlaxoSmithKline plc, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Alcon, Sun Pharmaceutical Industries Ltd., Bausch + Lomb, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Ltd., Cipla Ltd., Hikma Pharmaceuticals, Santen Pharmaceutical Co. Ltd., Lupin Pharmaceuticals, Glenmark Pharmaceuticals Ltd., Jubilant Life Sciences Ltd., Alembic Pharmaceuticals Ltd., Macleods Pharmaceuticals Ltd., Ocular Therapeutix Inc., Aldeyra Therapeutics, Nicox SA, IACTA Pharmaceuticals Inc., Cellics Therapeutics Inc.
Contents of the report:
1. Executive Summary
2. Bacterial Conjunctivitis Market Report Structure
3. Bacterial Conjunctivitis Market Trends And Strategies
4. Bacterial Conjunctivitis Market - Macro Economic Scenario
5. Bacterial Conjunctivitis Market Size And Growth
…..
27. Bacterial Conjunctivitis Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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