The Global Opthalmic Drugs Market is estimated to be US$ 132.06 billion by 2030 with a CAGR of 4.30% during the forecast period. Ophthalmic drug is that the administration of a drug to the eyes, most typically as an eye fixed drop formulation. Topical formulations are wont to combat a mess of diseased states of the attention. These states may include bacterial infections, eye injury, glaucoma, and dry eye. However, there are many challenges related to topical delivery of medicine to the cornea of the attention. The most important factor that has got to be taken under consideration when designing any sort of drug delivery device, and specifically ocular devices, is that the release rate of a drug.
The report " Global Opthalmic Drugs Market, By Disease Indication (Dry Eye, Glaucoma, Infection/Inflammation, Retinal Disorders (Wet Age-related Macular, Degeneration, Dry Age-related Macular Degeneration, Diabetic Retinopathy, and Others), By Therapeutic Class (Anti-inflammatory Drugs (Nonsteroidal Anti-inflammatory Drugs and Steroids), Anti-infective Drugs (Anti-fungal Drugs, Anti-bacterial Drugs, and Others), Anti-glaucoma Drugs (Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, and Others), Anti-allergy Drugs, Anti-VEGF Agents, and Others), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Independent Pharmacies and Drug Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030”
Key Highlights:
· In 2021, Teva Pharmaceuticals USA, Inc., a U.S. affiliate of Teva Pharmaceutical Industries Ltd.(NYSE and TASE: TEVA), announced its launch of the first available generic version of AZOPT® (brinzolamide ophthalmic suspension) 1%, approved by the US Food and Drug Administration to treat high pressure inside the eye due to ocular hypertension and open-angle glaucoma. Brinzolamide ophthalmic suspension 1% works by decreasing the amount of fluid within the eye.
· IN 2019, Sun Pharmaceutical Industries Ltd. announced that one of its wholly-owned subsidiaries has commercialized CEQUA (cyclosporine ophthalmic solution) 0.09% in the U.S. CEQUA, which offers the highest concentration of cyclosporine for ophthalmic use approved by the U.S. Food and Drug Administration (FDA)
Analyst View:
Increasing incidence and prevalence of eye related disorders like presbyopia, degeneration, and diabetic retinopathy among the aging population. With the introduction of ophthalmic devices equipped with sophisticated technologies, people are increasingly choosing ophthalmic surgeries to correct their eye related disorders. Lack of insurance amongst population especially within the developing countries or lack of insurance covering all kinds of IOLs or contact in developed countries may be a significant challenge faced by the ophthalmology industry.
Browse 60 market data tables* and 35 figures* through 140 slides and in-depth TOC on “Global Opthalmic Drugs Market, By Disease Indication (Dry Eye, Glaucoma, Infection/Inflammation, Retinal Disorders (Wet Age-related Macular, Degeneration, Dry Age-related Macular Degeneration, Diabetic Retinopathy, and Others), By Therapeutic Class (Anti-inflammatory Drugs (Nonsteroidal Anti-inflammatory Drugs and Steroids), Anti-infective Drugs (Anti-fungal Drugs, Anti-bacterial Drugs, and Others), Anti-glaucoma Drugs (Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, and Others), Anti-allergy Drugs, Anti-VEGF Agents, and Others), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Independent Pharmacies and Drug Stores), and By Region (North America, Europe, Asia-Pacific, Latin America, and Middle East and Africa) - Trends, Analysis, and Forecast till 2030”
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Key Market Insights from the report:
The Global Opthalmic Drugs Market is estimated to be US$ 132.06 billion by 2030 with a CAGR of 4.30% during the forecast period. The global opthalmic drugs market report segments the market on the basis of disease indication, therapeutic class, distribution channel, and region.
· On the basis of Disease Indication, the global opthalmic drugs market is segmented into Dry Eye, Glaucoma, Infection/Inflammation, Retinal Disorders (Wet Age-related Macular, Degeneration, Dry Age-related Macular Degeneration, Diabetic Retinopathy, and Others).
· On the basis of Therapeutic Class, the target market is segmented into Anti-inflammatory Drugs (Nonsteroidal Anti-inflammatory Drugs and Steroids), Anti-infective Drugs (Anti-fungal Drugs, Anti-bacterial Drugs, and Others), Anti-glaucoma Drugs (Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, and Others), Anti-allergy Drugs, Anti-VEGF Agents, and Others).
· On the basis of Distribution Channel, the target market divided into Hospital Pharmacies, Online Pharmacies, and Independent Pharmacies and Drug Stores.
· Based on region the global orphan drugs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The global market in North America region is seen to have a matured growth since this market correlates with the increasing growth rate of eye disease. In North America region is the dominating region due to the U.S. is the largest share of market holder of the ophthalmic drugs. In U.S., FDA gives approval to the specific indication, tax credits for drugs.
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The global Ocular Drug Delivery market study presents a careful compilation of the historical, current, and future outlook of the said market as well as the factors that are responsible for such development of the market.
In an effort to provide the users of this report with a comprehensive view of the global Opthalmic Drugs market, experts have made an inclusion of a detailed discussion on and analysis of the diverse product portfolio and competitive vendor landscape of each of the leading players spread across different territories of the world.
The report study also includes both PESTEL analysis and SWOT analysis of the industry.
The report also adds an analysis of market attractiveness, in which all of the market segments have been benchmarked based on general attractiveness, their rate of growth, and size of the market.Analysts at Fact.MR have highlighted the opportunities, threats, weaknesses, and strengths of each of the players in the global Opthalmic Drugs market.
In addition to that, the study makes an emphasis on the pattern of adoption of Opthalmic Drugs product / services across various industries.
The global ophthalmic drugs market is anticipated grow moderately, at a CAGR of 4.2% during the forecast period (2020-2025).Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4799The Opthalmic Drugs market report highlights and analyses the following players:AllergenBausch & Lomb Incorporated (Valeant Pharmaceuticals International, Inc.)Genentech, Inc.(F. Hoffmann- La Roche Ltd.)Novartis AGSanten Pharmaceutical Co., LtdThe Opthalmic Drugs market report conducts examination of the operating pattern of each of the market players – acquisitions, launch of new product launches, collaborations, and partnerships – has been investigated into detail.The ongoing global pandemic, COVID-19, has affected the global Opthalmic Drugs market adversely.
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