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Ophthalmic Drugs Market 2021 Upcoming Trends, Technology, Business Growth, Investment Opportunity

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Swapnil GVR
Ophthalmic Drugs Market 2021 Upcoming Trends, Technology, Business Growth, Investment Opportunity

The global ophthalmic drugs market size was valued at USD 36.7 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. Increasing awareness regarding eye-related diseases and rising advancements in technologies are some of the major factors expected to accelerate market growth.

 

Gene therapies are beneficial in the diagnosis and treatment of hereditary ophthalmic diseases, neurovascular retinal disorders, and retinoblastoma. Therefore, there is a need for further research to optimize and expand the applications of gene therapy across ophthalmic indications. In December 2017, Spark Therapeutics received FDA approval for the first gene therapy drug for ophthalmic use, Luxturna (voretigene neparvovecrzyl). This drug was indicated for retinitis pigmentosa and Leber’s congenital amaurosis. Luxturna is likely to enjoy the first-mover advantage in the gene therapy space, a major factor driving the market for ophthalmic drugs.

 

Top Key Players studied in Ophthalmic Drugs Market:

·       Alcon

·       Johnson & Johnson Services, Inc.

·       Bausch Health

·       Allergan

·       Pfizer, Inc.

·       Bayer AG

·       Santen Pharmaceutical Co. Ltd.

·       Genentech, Inc.

·       Novartis AG

·       Regeneron

To identify the key drivers and the competitors’ insights, Request a Sample @:

https://www.grandviewresearch.com/industry-analysis/ophthalmic-therapeutics-drug-market/request/rs1

Global Ophthalmic Drugs Market Segmented by Product:

 

·        Prescription Drugs

·        OTC Drugs

Global Ophthalmic Drugs Market Segmented by Region:

 

North America (U.S.; Canada; Mexico), Europe (Germany; U.K.; France; Italy; Russia; Spain etc.), Asia-Pacific (China; India; Japan; Southeast Asia etc.), South America (Brazil; Argentina etc.), Middle East & Africa (Saudi Arabia; South Africa etc.)

Key companies are focusing on the research and development of novel drugs to combat the rising prevalence of eye disorders. For instance, in June 2020, Novartis received label update approval from the U.S. FDA for Beovu (brolucizumab). The update included additional safety information related to retinal vascular occlusion and retinal vasculitis.

 

Research Objectives:

To study and analyze the Ophthalmic Drugs Market size by product type, application and key regions/countries history data from 2016 to 2020, and forecast to 2028.

• To understand the structure of the Ophthalmic Drugs Market by identifying its various sub-segments.

• Focuses on the Ophthalmic Drugs Market players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.

• To analyze the Ophthalmic Drugs Market with respect to individual growth trends, future prospects, and their contribution to the total market.

• To share detailed information about the key factors influencing the growth of the market.

• To project the size of Ophthalmic Drugs Market, with respect to key regions.

• To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.

Good Reasons to Buy a Global Ophthalmic Drugs Market Report:

  • Offers detailed market breakdown and data triangulation that will help guide the market trends.
  • The methodology used in the report gives the absolute authentic data that helps advising whether the market has an opportunity in the upcoming years.
  • Provides a detail analysis about the Covid-19 impact on the market and how it will help boost the market in the near future.
  • Give’s a thorough analyst’s viewpoint which guides the client through market collaterals for the better opportunities in the market.

·        Pinpoints the most valued region and how the market can be expanded in the industry to generate more revenue with all the important government guidelines and environmental policies.

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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