Global Pharma Ophthalmic Market Overview:
Pharma ophthalmic drugs are used to treat eye-related infections and diseases. Based on disease indication the market has been segmented into glaucoma, infection, retinal disorders, and allergy, among others. Based on the therapeutic class the market has been segmented into anti-inflammatory drugs, anti-glaucoma drugs, anti-infective drugs, anti-allergy drugs, among others. Some of the drugs need prescription whereas some of them are available without prescription over the counter. Advancement in technologies and increasing R & D in pharmaceuticals are some of the key factors booming the growth of the pharma ophthalmic drugs market across the globe. Some of the players profiled in the study are Valeant Pharmaceuticals International, Inc. (United States), Pfizer Inc. (United States), Aerie Pharmaceuticals, Inc. (United States), ALLERGAN (Ireland), Shire Plc (Ireland), Genentech, Inc. (United States), Santen Pharmaceutical Co., Ltd. (Japan), Novartis AG (Switzerland), Bayer Pharma AG (Germany) and Regeneron Pharmaceuticals, Inc. (United States).
On the basis of geography, the market of Pharma Ophthalmic has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Southeast Asia, Pakistan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Nigeria, South Africa, Rest of Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Hospital Pharmacies will boost the Pharma Ophthalmic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Therapeutic Class, the sub-segment i.e. Anti-inflammatory Drugs {Nonsteroidal Anti-inflammatory Drugs, Steroids} will boost the Pharma Ophthalmic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Indication, the sub-segment i.e. Dry Eye will boost the Pharma Ophthalmic market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Increasing Prevalence Of Diabetes
- A Rising Aging Population Along With Global Population
- Increasing Awareness In Healthcare Spending
- Growth Of Glaucoma And Uveitis Treatments For Unmet Needs
- Increasing Incidences Of Eye Disorders
Influencing Trend
- Shifting To Back Of The Eye Diseases Including Glaucomatous Optic Neuropathy
Restraints
- Lack Of Awareness Regarding Eye Diseases
- Disorders In Underdeveloped And Developing Countries
Opportunities
- R&D And Product Innovation
- Emerging Demand From Economies
Key Market Developments:
On 18 Dec. 2017, Aerie Pharmaceuticals, Inc., an ophthalmic pharmaceutical company has announced that the U.S. FDA has approved Rhopressa (netarsudil ophthalmic solution) 0.02 percent for the lowering of elevated intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension. and On 6 April 2017 Novartis has announced that it has exercised an option to in-license ECF843 for ophthalmic indications worldwide (outside Europe). The concluding of the transaction is subject to customary closing conditions including regulatory approvals.
The competitive rivalry among the players is high as the leading players are constantly focusing on product innovation through R&D. The prominent players are adopting organic and inorganic strategies to cater the innovative drugs and solutions as per the market necessities. Owing to the rising demand for ophthalmic drugs across the globe, the giant players are increasing their product manufacturing capacity. The threat of new entry is expected in the range of medium to high owing to the high R&D investment, FDA approvals, and high initial investment.
Target Audience:
Pharma Ophthalmic Manufacturers, Pharma Ophthalmic Traders/Distributors, Pharma Ophthalmic Importer/Exporter, Regulatory & Government Bodies and Downstream Vendors
Major Objectives Focused through this Study
To define, describe, and forecast the Global Pharma Ophthalmic market on the basis of product [Prescription Drugs and Over-the-Counter Drugs] , application [
], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Pharma Ophthalmic market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Southeast Asia, Pakistan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Spain, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Nigeria, South Africa, Rest of Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Pharma Ophthalmic industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Available Customization:
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Players which are also part of the research are .
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Pharma Ophthalmic market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.