Global Ophthalmic Disease Therapeutics Market is valued at approximately USD 31.54 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 6.4% over the forecast period 2022-2029. Drugs and therapies for treating various ocular ailments such as glaucoma, dry eye disease, retinal diseases, and others are included in ophthalmic disease therapeutics. The Ophthalmic Disease Therapeutics market is expanding because of factors such as the rising prevalence of ophthalmic conditions and increasing clinical trials and pipeline candidates for Innovative Drugs and Therapies.
Globally, the prevalence of ophthalmic diseases such as glaucoma, retinal diseases, dry eye disease, and others is on the rise which is catering for market growth. According to a 2020 article from the American Academy of Ophthalmology (AAO), 3.0 million Americans, of whom 2.7 million are 40 years of age or older, have glaucoma. According to the World Bank Group, the world's old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. The increasing number of initiatives taken by various healthcare organizations, governmental entities, and industry actors, there is a greater awareness among the public about ocular disorders, the market demand for treatments for ocular diseases is anticipated to be boosted by factors such as growing healthcare costs and an increase in the number of ophthalmologists in both developed and developing nations. According to the Welsh Government's 2021 report, The number of ophthalmic practitioners in Wales climbed to 961 in March 2021 from 885 in March 2020. However, the high cost of Ophthalmic Disease Therapeutics stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Ophthalmic Disease Therapeutics Market study includes Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to the increasing rates of diagnosis and treatment, as well as an increase in the prevalence of numerous ocular illnesses. Additionally, rising healthcare spending in the region supporting eye care and eye health, as well as acceptable compensation for a variety of ocular problems, encourage the region's major economies to adopt cutting-edge and novel treatments. Whereas Europe is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, an increase in the number of collaborations for product development, geographic expansion of key players, and active participation of government and nonprofit organizations in the market space.
Major market player included in this report are:
- Viatris Inc.
- Novartis AG
- AbbVie Inc.
- F. Hoffmann-La Roche Ltd.
- Regeneron Pharmaceuticals, Inc.
- Santen Pharmaceutical Co., Ltd.
- Bayer AG
- Bausch & Lomb Incorporated
- Merck KGaA
- Nicox SA
Recent Developments in the Market:
- In May 2022, Zhaoke Ophthalmology Limited and Visus Therapeutics, Inc. partnership to commercialize BRIMOCHOL PF and Carbachol PF in Greater China, South Korea, and a few other Southeast Asian countries. Visus Therapeutics, Inc. specializes in the development of ophthalmic therapies. Both of these eye drops lack preservatives and are intended to correct presbyopia-related vision problems.
- In March 2022, The European Commission has given Novartis AG clearance to market Beovu, an ophthalmic drug intended to treat diabetic macular edema-related vision loss.
Global Ophthalmic Disease Therapeutics Market Report Scope:
- Historical Data 2019-2020-2021
- Base Year for Estimation 2021
- Forecast period 2022-2029
- Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
- Segments Covered Drug Class, Dosage Form, Disease Indication, Distribution Channel, Region
- Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
- Customization Scope Free report customization (equivalent up to 8 analyst's working hours) with purchase. Addition or alteration to country, regional & segment scope*
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Drug Classofferings of key players. The detailed segments and sub-segment of the market are explained below.
By Drug Class:
- Anti-inflammatory
- Anti-invectives
- Anti-VEGF
- Others
By Dosage Form:
By Disease Indication:
- Glaucoma
- Dry Eye Disease
- Retinal Disease
- Allergy & Infections
- Others
By Distribution Channel:
- Hospital Pharmacies
- Retail & Online Pharmacies
By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- France
- Spain
- Italy
- ROE
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- RoAPAC
- Latin America
- Brazil
- Mexico
- RoLA
- Rest of the World
Table of Contents
Chapter 1. Executive Summary
- 1.1. Market Snapshot
- 1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
- 1.2.1. Ophthalmic Disease Therapeutics Market, by Region, 2019-2029 (USD Billion)
- 1.2.2. Ophthalmic Disease Therapeutics Market, by Drug Class, 2019-2029 (USD Billion)
- 1.2.3. Ophthalmic Disease Therapeutics Market, by Dosage From, 2019-2029 (USD Billion)
- 1.2.4. Ophthalmic Disease Therapeutics Market, by Disease Indication, 2019-2029 (USD Billion)
- 1.2.5. Ophthalmic Disease Therapeutics Market, by Distribution Channel, 2019-2029 (USD Billion)
- 1.3. Key Trends
- 1.4. Estimation Methodology
- 1.5. Research Assumption
Chapter 2. Global Ophthalmic Disease Therapeutics Market Definition and Scope
- 2.1. Objective of the Study
- 2.2. Market Definition & Scope
- 2.2.1. Scope of the Study
- 2.2.2. Industry Evolution
- 2.3. Years Considered for the Study
- 2.4. Currency Conversion Rates
Chapter 3. Global Ophthalmic Disease Therapeutics Market Dynamics
- 3.1. Ophthalmic Disease Therapeutics Market Impact Analysis (2019-2029)
- 3.1.1. Market Drivers
- 3.1.1.1. Rising Prevalence of Ophthalmic Conditions
- 3.1.1.2. Increasing Clinical Trials and Pipeline Candidates for Innovative Drugs and Therapies
- 3.1.2. Market Challenges
- 3.1.2.1. High Cost of Biologics and Overall Treatment Cost
- 3.1.3. Market Opportunities
- 3.1.3.1. Rising Technological Advancements in Drug Delivery Options
- 3.1.3.2. Rising development of personalised medicine
Chapter 4. Global Ophthalmic Disease Therapeutics Market Industry Analysis
- 4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.2. Futuristic Approach to Porter's 5 Force Model (2019-2029)
- 4.3. PEST Analysis
- 4.3.1. Political
- 4.3.2. Economical
- 4.3.3. Social
- 4.3.4. Technological
- 4.4. Top investment opportunity
- 4.5. Top winning strategies
- 4.6. Industry Experts Prospective
- 4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
- 5.1. Assessment of the overall impact of COVID-19 on the industry
- 5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Ophthalmic Disease Therapeutics Market, by Drug Class
- 6.1. Market Snapshot
- 6.2. Global Ophthalmic Disease Therapeutics Market by Drug Class, Performance - Potential Analysis
- 6.3. Global Ophthalmic Disease Therapeutics Market Estimates & Forecasts by Drug Class 2019-2029 (USD Billion)
- 6.4. Ophthalmic Disease Therapeutics Market, Sub Segment Analysis
- 6.4.1. Anti-inflammatory
- 6.4.2. Anti-invectives
- 6.4.3. Anti-VEGF
- 6.4.4. Others
Chapter 7. Global Ophthalmic Disease Therapeutics Market, by Dosage From
- 7.1. Market Snapshot
- 7.2. Global Ophthalmic Disease Therapeutics Market by Dosage From, Performance - Potential Analysis
- 7.3. Global Ophthalmic Disease Therapeutics Market Estimates & Forecasts by Dosage From 2019-2029 (USD Billion)
- 7.4. Ophthalmic Disease Therapeutics Market, Sub Segment Analysis
- 7.4.1. Solid
- 7.4.2. Liquid
- 7.4.3. Semisolid
Chapter 8. Global Ophthalmic Disease Therapeutics Market, by Disease Indication
- 8.1. Market Snapshot
- 8.2. Global Ophthalmic Disease Therapeutics Market by Disease Indication, Performance - Potential Analysis
- 8.3. Global Ophthalmic Disease Therapeutics Market Estimates & Forecasts by Disease Indication 2019-2029 (USD Billion)
- 8.4. Ophthalmic Disease Therapeutics Market, Sub Segment Analysis
- 8.4.1. Glaucoma
- 8.4.2. Dry Eye Disease
- 8.4.3. Retinal Disease
- 8.4.4. Allergy & Infections
- 8.4.5. Others
Chapter 9. Global Ophthalmic Disease Therapeutics Market, by Distribution Channel
- 9.1. Market Snapshot
- 9.2. Global Ophthalmic Disease Therapeutics Market by Distribution Channel, Performance - Potential Analysis
- 9.3. Global Ophthalmic Disease Therapeutics Market Estimates & Forecasts by Distribution Channel 2019-2029 (USD Billion)
- 9.4. Ophthalmic Disease Therapeutics Market, Sub Segment Analysis
- 9.4.1. Hospital Pharmacies
- 9.4.2. Retail & Online Pharmacies
Chapter 10. Global Ophthalmic Disease Therapeutics Market, Regional Analysis
- 10.1. Ophthalmic Disease Therapeutics Market, Regional Market Snapshot
- 10.2. North America Ophthalmic Disease Therapeutics Market
- 10.2.1. U.S. Ophthalmic Disease Therapeutics Market
- 10.2.1.1. Drug Class breakdown estimates & forecasts, 2019-2029
- 10.2.1.2. Dosage From breakdown estimates & forecasts, 2019-2029
- 10.2.1.3. Disease Indication breakdown estimates & forecasts, 2019-2029
- 10.2.1.4. Distribution Channel breakdown estimates & forecasts, 2019-2029
- 10.2.2. Canada Ophthalmic Disease Therapeutics Market
- 10.3. Europe Ophthalmic Disease Therapeutics Market Snapshot
- 10.3.1. U.K. Ophthalmic Disease Therapeutics Market
- 10.3.2. Germany Ophthalmic Disease Therapeutics Market
- 10.3.3. France Ophthalmic Disease Therapeutics Market
- 10.3.4. Spain Ophthalmic Disease Therapeutics Market
- 10.3.5. Italy Ophthalmic Disease Therapeutics Market
- 10.3.6. Rest of Europe Ophthalmic Disease Therapeutics Market
- 10.4. Asia-Pacific Ophthalmic Disease Therapeutics Market Snapshot
- 10.4.1. China Ophthalmic Disease Therapeutics Market
- 10.4.2. India Ophthalmic Disease Therapeutics Market
- 10.4.3. Japan Ophthalmic Disease Therapeutics Market
- 10.4.4. Australia Ophthalmic Disease Therapeutics Market
- 10.4.5. South Korea Ophthalmic Disease Therapeutics Market
- 10.4.6. Rest of Asia Pacific Ophthalmic Disease Therapeutics Market
- 10.5. Latin America Ophthalmic Disease Therapeutics Market Snapshot
- 10.5.1. Brazil Ophthalmic Disease Therapeutics Market
- 10.5.2. Mexico Ophthalmic Disease Therapeutics Market
- 10.5.3. Rest of Latin America Ophthalmic Disease Therapeutics Market
- 10.6. Rest of The World Ophthalmic Disease Therapeutics Market
Chapter 11. Competitive Intelligence
- 11.1. Top Market Strategies
- 11.2. Company Profiles
- 11.2.1. Viatris Inc.
- 11.2.1.1. Key Information
- 11.2.1.2. Overview
- 11.2.1.3. Financial (Subject to Data Availability)
- 11.2.1.4. Product Summary
- 11.2.1.5. Recent Developments
- 11.2.2. Novartis AG
- 11.2.3. AbbVie Inc.
- 11.2.4. F. Hoffmann-La Roche Ltd.
- 11.2.5. Regeneron Pharmaceuticals, Inc.
- 11.2.6. Santen Pharmaceutical Co., Ltd.
- 11.2.7. Bayer AG
- 11.2.8. Bausch & Lomb Incorporated
- 11.2.9. Merck KGaA
- 11.2.10. Nicox SA
Chapter 12. Research Process
- 12.1. Research Process
- 12.1.1. Data Mining
- 12.1.2. Analysis
- 12.1.3. Market Estimation
- 12.1.4. Validation
- 12.1.5. Publishing
- 12.2. Research Attributes
- 12.3. Research Assumption