Industry Background:
Drug delivery refers to methodologies, technologies, and systems for the targeted delivery and controlled release of therapeutic agents. Many drugs, discovered during advanced biology strategies, have unacceptable side effects due to their interaction with health issues. Drug delivery systems limit those side effects by targeting only the diseased part. Ocular drug delivery technology deals with eyes or parts of eyes. The growing aging population globally has more and more eye-related diseases so, demand for ocular drug delivery is rising.This growth is primarily driven by Rising Old Age Population with Eye Diseases, Low Bioavailability of Drugs in Conventional Ocular Therapies and Demand Because of its Ability to Treat Previously Uncurable Diseases.
Globally, a noticeable market trend is evident Increases Use in Treating Diseases Like Glaucoma, Diabetic Retinotherapy, Dry Eye Syndrome, etc.. Major Players, such as Ocular Therapeutix, Inc. (United States), Alimera Sciences (United States), Allergan plc (Ireland), Bausch Health Cos. (United States), EyeGate Pharma (United States), Santen Pharmaceutical Co. Ltd (Japan), Graybug Vision Inc. (United States), Clearside Biomedical (United States), Envisia Therapeutics (United States) and Taiwan Liposome Company (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
On 04 March 2021, Ocular Theraputix, a leading company in ocular drug delivery; announced FDA acceptance of supplemental new drug application for dexamethasone ophthalmic insert (DEXTENZA) for the treatment of ocular itching associated with allergic conjunctivitis. DEXTENZA is now FDA approved for the treatment of ocular inflammation and pain after surgery.
Market Drivers
- Rising Old Age Population with Eye Diseases
- Low Bioavailability of Drugs in Conventional Ocular Therapies
- Demand Because of its Ability to Treat Previously Uncurable Diseases
Market Trend
- Increases Use in Treating Diseases Like Glaucoma, Diabetic Retinotherapy, Dry Eye Syndrome, etc.
Restraints
- High-Cost Investment Involved the Treatment with Ocular Drug Delivery Technology
Opportunities
Innovation in Nanotechnology is Benefitting the Innovation in Ocular Drug Delivery Technology and The rise in the Development of Eye Care Infrastructure will boost the Ocular Drug Delivery Technology
Challenges
High R&D Cost Associated with Ocular Drug Delivery Technology and Lack of Enough Skilled Professionals in The Market
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Ocular Drug Delivery Technology Study Sheds Light on
— The Ocular Drug Delivery Technology Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Ocular Drug Delivery Technology industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
— Where Ocular Drug Delivery Technology industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
— How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.