Ageing Population to Drive Ophthalmic Drugs Market to Higher Growth Trajectory: TMR Study

Ageing Population to Drive Ophthalmic Drugs Market to Higher Growth Trajectory: TMR Study

PR Newswire

ALBANY, New York, July 9, 2020

- Dry eye segment under disease indication category, anti-glaucoma drugs segment under therapeutics class category to account for a massive share of the market

- Increasing adoption of advanced therapeutics is set to contribute positively to growth over the forecast period

- North America to dominate regional landscape of global ophthalmic drugs market

ALBANY, New York, July 9, 2020 /PRNewswire/ --  From 2019 to 2027, the global ophthalmic drugs market will grow at a compound annual growth rate (CAGR) of 4.1%., pulling up the market worth from about USD 26 billion in 2018 to USD 37.2 billion by the end of the forecast period.

Transparency Market Research

As per Transparency Market Research, "Multiple factors of growth are underscoring growth in the global ophthalmic drugs market. Foremost among these factors are increase in incidence of eye related diseases, and increasing adoption of new and advanced therapeutics in the field."

Key Findings of Global Ophthalmic Drugs Market Study:

For a detailed analysis of Global Ophthalmic Drugs Market by disease indication, therapeutic class, product type, distribution channel, and region, visit TOC

Key Drivers of Growth in Global Ophthalmic Drugs Market:

Transparency Market Research has identified a slew of notable trends and drivers, propelling the global ophthalmic drugs market on to a high growth trajectory. Major growth factors are delineated below:

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Regional Analysis of Global Ophthalmic Drugs Market:

Analyze Global Ophthalmic Drugs Market growth in 30+ countries including US, Canada, Germany, United Kingdom, France, Italy, Russia, Poland, Benelux, Nordic, China, Japan, India, and South Korea. Request a sample of the study

Competitive Landscape of Global Ophthalmic Drugs Market:

Decent number of players operates in the global ophthalmic drugs market, making it fragmented. Prominent names in the market include Aerie Pharmaceuticals, Inc., ALLERGAN, Valeant Pharmaceuticals International, Inc., Bayer AG, Genentech, Inc. (F. Hoffmann-La Roche Ltd.), Novartis AG, Pfizer Inc., Regeneron Pharmaceuticals, Inc., and Santen Pharmaceutical Co., Ltd., among others.

Primary focus for most players is development of better and more effective products. That also translates to efforts directed towards technological advancement and research and development (R&D) activities. Strategies to enter a new market, or penetrate deeper into an existing one often entail key alliances or collaborations based on mutual synergies.

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The global Ophthalmic Drugs Market has been segmented as follows:

Explore Transparency Market Research's award-winning coverage of the global Healthcare industry:

Dry Eye Disease Market: Transparency Market Research estimates that the dry eye disease market will expand at a CAGR of 4.5% over the forecast period between 2017 and 2025. Escalating at this pace, the market, which had a valuation of US$ 5,045.2 Mn in 2016 in terms of revenue, is projected to rise to US$ 7,780.0 Mn by 2025.

Glaucoma Treatment Market: A new exhaustive report collated by Transparency Market Research envisages an average growth for the global glaucoma treatment market in the period between 2017 and 2026.More than US$ 3,300 revenues are expected to be gained from treatment of glaucoma across the globe by 2026-end.

Macular Degeneration Treatment Market: The global macular degeneration treatment market was valued at US$ 6.1 Bn in 2017. It is anticipated to reach US$ 11.1 Bn by 2026, expanding at a CAGR of 6.4% from 2018 to 2026. Increase in R&D investments by key players has resulted in innovative products.

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