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Bacterial Conjunctivitis Drugs Market Size, Share, Growth and Trends, Report 2024-2031

09-06-2024 07:33 AM CET | Health & Medicine

Press release from: DataM Intelligence 4Market Research

Bacterial Conjunctivitis Drugs Market || 2024-2031

Bacterial Conjunctivitis Drugs Market || 2024-2031

The Global Bacterial Conjunctivitis Drugs Market is expected to grow at a CAGR of 2.50% during the forecast period 2024-2031.

Bacterial conjunctivitis is a highly contagious eye infection affecting the conjunctiva, the clear tissue covering the white part of the eye. Common bacterial culprits include Staphylococci, Streptococci, Gonococci, and Chlamydia. More severe cases are often caused by pathogenic bacteria such as Chlamydia trachomatis and Neisseria gonorrhoeae, which can lead to serious forms of bacterial conjunctivitis

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Market Dynamics:

Rising incidences of bacterial conjunctivitis and availability of generic drugs to fuel the market growth

The rise in ophthalmic bacterial infections has increased the demand for antibacterial treatments. According to the American Academy of Optometry, bacterial conjunctivitis is a common condition globally. In the United States, the incidence is estimated at 135 cases per 10,000 people annually, accounting for around 1% of all primary care visits. In Europe, there are approximately 5.2 million cases of infectious conjunctivitis each year. The market is also expected to see growth in generic drugs as patents on key antibacterial medications, such as Mozza, Vigamox, Besivance, and Zymaxid, are nearing expiration. Once these patents expire, the exclusivity of these drugs diminishes, leading to increased availability of lower-cost generics. Moreover, the development of multi-drug-resistant bacterial strains is likely to further fuel the market for bacterial conjunctivitis treatments. The overuse of antibiotics contributes to bacterial resistance, prompting the need for stronger medications, including corticosteroids and higher doses of antibiotics. This trend is anticipated to drive market growth during the forecast period.

Segment Covered in the Bacterial Conjunctivitis Drugs Market:

By Disease Type: Acute Bacterial Conjunctivitis, Chronic Bacterial Conjunctivitis.

By Drug Type: Fluoroquinolones, Ciprofloxacin, Ofloxacin, Levofloxacin, Moxifloxacin, Gatifloxacin, Besifloxacin, Macrolides.

By Route of Administration: Topical, Oral, Intravitreal.

By End User: Hospitals Pharmacy, Retail Pharmacy, Other.

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Key players involved in Bacterial Conjunctivitis Drugs Market:

• Okogen
• Novartis AG
• Hoffmann-La Roche
• Bayer Healthcare
• Valeant Pharmaceutical International Inc.
• Akorn Inc.
• Allergan Plc
• Otsuka Pharmaceutical Co., Ltd.
• Shanghai MicroPort Medical (Group) Co., Ltd.
• Zhaoke Ophthalmology Pharmaceuticals Limited

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Product Portfolio:

The company is focused on developing innovative therapies for the treatment of adenoviral conjunctivitis. Its lead product candidate, OKG-0502, is specifically being developed to address adenoviral conjunctivitis, commonly known as pink eye. This viral infection affects approximately 30 million people globally each year, and currently, there are no approved treatments available for it. OKG-0502 aims to fill this unmet need, offering a potential solution for those suffering from the condition.

Regional Analysis:

The global Bacterial Conjunctivitis Drugs Market report focuses on six major regions: North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. The report offers detailed insight into new product launches, new technology evolutions, innovative services, and ongoing R&D. The report discusses a qualitative and quantitative market analysis, including PEST analysis, SWOT analysis, and Porter's five force analysis. The Bacterial Conjunctivitis Drugs Market report also provides fundamental details such as raw material sources, distribution networks, methodologies, production capacities, industry supply chain, and product specifications.

Contact Us -
Company Name: DataM Intelligence
Contact Person: Sai Kiran
Email: Sai.k@datamintelligence.com
Phone: +1 877 441 4866
Website: https://www.datamintelligence.com

About Us -
DataM Intelligence is a Market Research and Consulting firm that provides end-to-end business solutions to organizations from Research to Consulting. We, at DataM Intelligence, leverage our top trademark trends, insights and developments to emancipate swift and astute solutions to clients like you. We encompass a multitude of syndicate reports and customized reports with a robust methodology.

Our research database features countless statistics and in-depth analyses across a wide range of 6300+ reports in 40+ domains creating business solutions for more than 200+ companies across 50+ countries; catering to the key business research needs that influence the growth trajectory of our vast clientele.

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The U.S. market for bacterial conjunctivitis drugs has been declining sharply over the last few years. Analysts project the trend to continue in the coming years. In 2013, the market’s opportunity was valued at US$473.3 mn, which is likely to reduce to US$439.8 mn by 2024. In the coming years, the market will have to experience a patent cliff as the top U.S. brands of bacterial conjunctivitis drugs, such as