What is Ophthalmology Drugs Market Scope?
According to WHO, Ophthalmology is considered to be the most cause for blindness across the globe. This leading reason for preventable blindness is associated with chronic progressive optic neuropathy, which leads to irreversible vision loss via damage to the optic nerve. These Ophthalmology drugs help in preventing any disease related to eyes such as Cataracts, Retinal disorders, Macular degeneration, Diabetic eye problems, and Conjunctivitis, however, several commercially available therapies concentrate on curtailing elevated intraocular pressure, which is a known risk factor responsible for the development and progression of Ophthalmology.
The Ophthalmology Drugs market study is being classified by Type (Lucentis (Ranibizumab), Eylea (Aflibercept), Avastin (Bevacizumab), Restasis (Cyclosporine), Alphagan (Brimonidine Tartrate), Lumigan (Bimatoprost), Xalatan (Latanoprost) and Conclusion), by Application (Hospital Pharmacies, Retail Pharmacies, Drug Stores and Online Sales) and major geographies with country level break-up.
Analysts at AMA predicts that Players from Global will contribute to the maximum growth of Global Ophthalmology Drugs market throughout the predicted period.
Alcon (United States), Allergan (United States), Merck (United States), Pfizer (United States), Roche (Switzerland), Santen (Japan), Abbott Medical Optics (United States), Carl Zeiss Meditec (Germany), Essilor (France) and Johnson & Johnson (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nidek (Japan) and Topcon (Japan)..
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Ophthalmology Drugs market by Type, Application and Region.
On the basis of geography, the market of Ophthalmology Drugs has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Market Trend
- Adoption of Nano Technology in Ophthalmology Drug
- Personalized Medicine and Customization for Consumers
Market Drivers
- Aging Population to Propel the Need for Ophthalmology Drugs
- Increasing Prevalence Rates of Eye Diseases
- Increased focus on combination therapies
Opportunities
- Increased funding from both public and private research organizations
- Increasing R&D relating to the development of Ophthalmology Drugs
Restraints
- The Economic slowdown and saturation to inhibit the growth
- Drying pipeline and major drugs going off-patent to affect the growth
Challenges
- Loss of patent protection for Ophthalmology drugs
- Complicated Drug Development Process
Key Target Audience
Healthcare Industries, Pharmacists, Drugs Quality Analysts and Others
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