Global Ophthalmology Drugs Market Report 2021 - Opportunities And Strategies, Market Forecast And Trends
10 Feb, 2021
The ophthalmology drugs market consists of sales of ophthalmology drugs and related services by entities (organizations, sole traders and partnerships) that produce ophthalmology drugs to treat eye related diseases. The ophthalmology drugs industry includes establishments that produce pharmaceutical drugs to treat glaucoma diseases, anti- inflammatory and tear stimulating drugs under dry eye medications drugs, and other drugs for treating retinal disorders and allergies.
Global Ophthalmology Drugs Market Size And Drivers:
The global ophthalmology drugs market is expected to grow from $22.03 billion in 2020 to $24.42 billion in 2021 at a compound annual growth rate (CAGR) of 10.8%. The market is expected to reach $32.64 billion in 2025 at a CAGR of 8%. The expected rise in eye laser surgeries will contribute to the ophthalmology drugs market. Ophthalmology research has proved a link between laser eye surgeries and the prevalence of dry eye disorders.
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Trends In The Global Ophthalmology Drugs Market
Drug manufacturers are increasingly developing ophthalmic drugs with anti-inflammatory agents to ease patient treatment for dry eye syndrome. Anti-inflammatory drugs are widely used for the treatment of the inflammation produced by the dry eye syndrome, with the topical corticosteroid drops being the most common therapy. Corticosteroids can rapidly and effectively relieve the symptoms and signs of moderate or severe dry eye.
Global Ophthalmology Drugs Market Segments:
The global ophthalmology drugs market is further segmented based on type, distribution channel, route of administration, drug classification, mode of purchase and geography.
By Type: Antiglaucoma Drugs, Dry Eye Medication, Other Ophthalmological Drugs (Retinal Disorders, Anti-Infectives/Allergy).
By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others.
By Route Of Administration: Oral, Parenteral, Others.
By Drug Classification: Branded Drugs, Generic Drugs.
By Mode Of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs.
By Geography: The global ophthalmology drugs market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the global ophthalmology drugs market, accounting for 41% of the total market
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Ophthalmology Drugs Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides ophthalmology drugs market overviews, analyzes and forecasts market size and growth for the global ophthalmology drugs market, ophthalmology drugs market share, ophthalmology drugs market players, ophthalmology drugs market segments and geographies, ophthalmology drugs market’s leading competitors’ revenues, profiles and market shares. The ophthalmology drugs market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.