Market Snapshot:
The mydriatic eyedrops are the part of a mydriatic line of medicines that helps in treating the Mydriasis, the eyedrops make the pupil of the eye wide open (dilate). The mydriatics are also used to treat inflammatory eye conditions such as cyclitis, iritis and also it reduces painful paralysis of the ciliary muscle of the eye (cycloplegia). The mydriatic eyedrops such as tropicamide relax the iris sphincter which is innervated by the parasympathetic nervous system. There are also various types of mydriatics available such as phenylephrine, atropine, mydrilate, homatropine and mydriacyl.
Highlights from Mydriatic Eyedrops Market Study
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 4.7% |
The key Players profiled in the report are Novartis AG (Switzerland), Alcon Laboratories (M) Sdn Bhd (Malaysia), Santen Pharmaceutical Co., Ltd. (Japan), Visine (Johnson & Johnson Consumer Inc.) (United States), Akorn Inc. (United States), Hikma Pharmaceuticals (United Kingdom), Fresenius Kabi (Germany), Cipla Limited (India), Ocuphire Pharma, Inc. (United States), Eyekare Kilitch Ltd. (India) and MOLBASE (Shanghai) Biotechnology Co., Ltd (China). Additionally, other players that are part of this comprehensive study are Manus Aktteva Biopharma LLP (India) and Iwaki Seiyaku Co., Ltd (Japan).
Geographic Breakdown and Segment Analysis
The Global Mydriatic Eyedrops market presents a comprehensive analysis of the Mydriatic Eyedrops market by product type (Atropine, Mydrilate (Cyclopentolate), Homatropine, Mydriacyl (Tropicamide) and Phenylephrine), by end-user/application (Infants, Children and Adults), and by geography (North America, South America, Europe, Asia-Pacific and MEA) along with country level break-up. This section of our report presents a realistic picture of the Global Mydriatic Eyedrops industry. Investors and Players can easily understand the inherent opportunities and challenges for their products in geographical region of interest.
For instance, while the holds majority of market share of the Mydriatic Eyedrops market
Analyst at AMA have segmented the market study of Global Mydriatic Eyedrops market by Type, Application and Region.
Influencing Trend:
Increasing Number of Licence Approvals for Mydriatic Medicines and Continuous Research in Mydriatic Eyedrop Products
Market Growth Drivers:
Growing Number of Genetic Mydriasis Cases to Children and Increasing Issues Due to Chemical Injuries or Wound on Eyes Leading to Dilated Pupils
Challenges:
Proper Labeling and Packaging Mydriatic Eyedrops for Effective Use
Restraints:
Side Effects Associated with Mydriatic Eyedrops and Regulatory Standards on Mydriatic Eyedrops
Opportunities:
Growing Online Sales Channels will Boost the Mydriatic Eyedrops Market and Surging Availability of Mydriatic Eyedrops in Online Channels
Market Developments Activities:
On 1st April 2019, Alcon announced the expansion of Alcaine (proparacaine hydrochloride ophthalmic solution, USP) 0.5% 15mL to its Procedural Eye Drops portfolio, which is made up of mydriatic, cycloplegic, diagnostic and anesthetic products. Alcaine Solution 0.5% 15mL, the only branded proparacaine available, is a topical local anesthetic indicated for corneal anesthesia of short duration, and for short corneal and conjunctival procedures. They offer a complete line of high-quality ophthalmic products to customers. Alcaine Solution 0.5% 15mL has been a trusted solution for surgical and clinical ophthalmic procedures. We hope by offering this product directly from Alcon we will continue to meet the ongoing needs of patients and eye care professionals.
The rising number of players expected to enter the global market is predicted to enhance the competition level as well as encourage the growth of the overall market shortly. Players are anticipated to focus on the development of new compounds, which is likely to encourage the growth of the global market throughout the forecast period.
Key Target Audience
Mydriatic Eyedrops Manufacturers, Mydriatic Eyedrops International Traders, Mydriatic Eyedrops Distributors and Suppliers, Research and Development Institutes, Potential Investors, Industry Associations, Upstream and Downstream Buyers, Regulatory Bodies and Others