About Ocular Drug Delivery
In the past two decades, the arena of ocular drug-delivery technologies has dynamically advanced and resulted in newer therapeutic interventions for chronic ocular disorders. The primary objectives of any ocular drug-delivery system are to maintain therapeutic drug concentrations at the target site, reduce dosage frequency, and overcome various dynamic and static ocular barriers. Most importantly, the drug-delivery system should cause no adverse ocular reactions and aim to achieve enhanced drug bioavailability. the number of approvals from government regulations, favorable reimbursement policies, rise in funding to develop advanced drug delivery systems, and low bioavailability of drugs in conventional ocular therapies. Nevertheless, the discomfort of some patients and the occurrence of irritation, and dilution due to the hardness of the implants is expected to retrain the market growth during the forecast period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The Companies Are Exploring The Market By Adopting Mergers & Acquisitions, Expansions, Investments, New Service Launches, And Collaborations As Their Preferred Strategies. The Players Are Exploring New Geographies Through Expansions And Acquisitions To Avail A Competitive Advantage Through Combined Synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Ocular Drug Delivery market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
OCULAR THERAPEUTIX, INC (United States), Alimera Sciences (United States), Allergan, Plc (Ireland), EyeGate Pharma (United States), Bausch Health (Valeant Pharmaceuticals International, Inc) (Canada), Envisia Therapeutics (United States), Clearside Biomedical (United States), Graybug Vision Inc (United States), Taiwan Liposome Company (United States) and Santen Pharmaceutical Co., Ltd (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Ocular Drug Delivery market by , Application (Bacterial Conjunctivitis, Cataract Surgery, Allergic Conjunctivitis, Retinal Vein Occlusion, Bulbar Conjunctiva and Sympathetic Ophthalmia) and Region.
On the basis of geography, the market of Ocular Drug Delivery 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). If we see Market by Disease Type, the sub-segment i.e. Glaucoma will boost the Ocular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Technology, the sub-segment i.e. Ocular Insert will boost the Ocular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Form, the sub-segment i.e. Solution will boost the Ocular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End User, the sub-segment i.e. Hospitals will boost the Ocular Drug Delivery market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
The Advancement In The Technology Such As Use Of Novel Drug-Delivery Technologies
Market Growth Drivers:
Improvements To Reimbursement Policies And Rising Government Approvals Boost Growth Prospects. and Rising Instances Of Glaucoma Pushing Up Demand
Restraints:
The high cost of the treatment
Opportunities:
The Asia Pacific Is Exhibiting High Growth Rate Owing To Low Costs Of Drug Delivery
Market Leaders and their expansionary development strategies
In October 2020, Ocular Therapeutix Inc., a global biopharmaceutical company has entered into a collaboration and agreement with AffaMed Therapeutics a clinical-stage biopharmaceutical company. Under this agreement AffaMed Therapeutics will develop and commercialize of DEXTENZA and OTX-TIC in Greater China, South Korea, and the ASEAN markets.
In July 2019 Ocular Therapeutix the United States Based Biopharmaceutical Platform Company Announces The Commercial Launch Of Its New Product Dextenza (Dexamethasone Ophthalmic Insert) In The United States It Is An 0.4 Mg For The Treatment Of Ocular Inflammation And Pain Following Ophthalmic Surgery. Dextenza Is The First FDA-Approved Intracanalicular Insert That Enables The Delivery Of Drug To The Surface Of The Eye, Obviating The Need For Monthly Regimen Of Steroid Eye Drops. Dextenza Originally Received FDA Approval In November 2018 For The Treatment Of Ocular Pain Following Ophthalmic Surgery.
Key Target Audience
New Entrants/Investors, Analysts And Strategic Business Planners, Ocular Drug Delivery Manufacturer, Raw Material Suppliers, Dealers, Suppliers, Traders, And Distributors, Venture Capitalists And Private Equity Firms, Government Regulatory And Research Organizations and End-Use Industry
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
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, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.