Product Code: GVR-2-68038-010-1
Ophthalmic Drugs Market Growth & Trends:
The global ophthalmic drugs market size is expected to reach USD 65.55 billion by 2030, garnering a CAGR of 7.80% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising awareness about ophthalmic disorders and the surge in demand for ophthalmic drugs are the factors propelling the market growth. Moreover, an increase in the prevalence of eye diseases such as age-related macular degeneration, cataract, dry eye, diabetic retinopathy, glaucoma, and others are anticipated to boost the demand for ophthalmic drugs.
According to BrightFocus Foundation in 2021, it is estimated that over 3 million Americans are living with glaucoma, and, among them over 2.7 million patients were affected by the most common type of glaucoma i.e. open-angle glaucoma. Moreover, 3.3 million people are affected by blindness and low vision in the U.S. Some of the major risk factors for glaucoma and blindness are, higher age, family history, thin cornea, and high eye pressure. This creates a wide population base for ophthalmic drugs, thereby, ensuring lucrative growth.
Furthermore, ocular therapeutic and drug delivery companies are receiving funding to expedite R&D for advancements in technologies to develop novel drugs, which is likely to fuel market growth. For instance, in June 2020, Re-Vana Therapeutics received USD 3.25 million in pre-series A funding from Qubis, ExSight Ventures, LLC, Clarendon Fund Managers, Visionary Ventures, and Techstart Ventures LLP. The funding is expected to boost the development of Re-Vana Therapeutics' EyeLief & OcuLief biodegradable technologies that can be used for a small molecule as well as biologics delivery.
Moreover, the rising geriatric population is the key driver for the ophthalmic drugs market growth. According to Safe Eyes America, the most common risk factors for ophthalmic diseases are high age, family history, diabetes, and high blood pressure. For instance, as per AMERICA's HEALTH RANKINGS senior report 2021 it was estimated that more than 54 million adults of age more than 65 live in the U.S., and that population accounted for 16.5% of the total population. According to Macular Degeneration Research AMD is the leading reason for blindness in U.S. people over the age of 60.
Ongoing regulatory approvals for ophthalmic products are likely to support market growth. For instance, in June 2022 Santen Pharmaceutical Co., Ltd announced that it has got marketing and manufacturing approval for the dry eye disease treatment DIQUAS LX ophthalmic solution in Japan. This solution is the improved formulation that has reduced dosing frequency and improved patient compliance.
Ophthalmic Drugs Market Report Highlights:
- Anti-VEGF agents segment held the largest share in 2022 owing to their rising demand and lesser adverse effects
- Retinal disorders held the largest market share in 2022 owing to the rising prevalence of age-related macular degeneration and diabetic retinopathy
- The topical route of administration dominated the market in 2022 owing to factors such as the benefits of the topical route as it delivers the drug to the targeted site and ease of use
- The eye drops segment is expected to hold the largest share in 2022 owing to rising demand for eye drops, high patient compliance, and availability of OTC products
- Asia Pacific is expected to exhibit the fastest growth over the forecast period due to advancements in healthcare infrastructure, increasing demand for eye products, and a large patient pool
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Segment Definitions
- 1.2.1. Drug Class
- 1.2.2. Disease
- 1.2.3. Route of Administration
- 1.2.4. Dosage Type
- 1.2.5. Product Type
- 1.2.6. Product
- 1.2.7. Regional scope
- 1.2.8. Estimates and forecasts timeline
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased database
- 1.4.2. GVR's internal database
- 1.4.3. Secondary sources
- 1.4.4. Primary research
- 1.4.5. Details of primary research
- 1.4.5.1. Data for primary interviews in North America
- 1.4.5.2. Data for primary interviews in Europe
- 1.4.5.3. Data for primary interviews in Asia Pacific
- 1.4.5.4. Data for primary interviews in Latin America
- 1.4.5.5. Data for Primary interviews in MEA
- 1.5. Information or Data Analysis
- 1.5.1. Data analysis models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity flow analysis (Model 1)
- 1.7.2. Approach 1: Commodity flow approach
- 1.7.3. Volume price analysis (Model 2)
- 1.7.4. Approach 2: Volume price analysis
- 1.8. List of Secondary Sources
- 1.9. List of Primary Sources
- 1.10. Objectives
Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Drug class and disease outlook
- 2.2.2. Route of administration and dosage type outlook
- 2.2.3. Product type and product outlook
- 2.2.4. Regional outlook
- 2.3. Competitive Insights
Chapter 3. Ophthalmic Drugs Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.1.1. Parent market outlook
- 3.1.2. Related/ancillary market outlook
- 3.2. Market Dynamics
- 3.2.1. Market driver analysis
- 3.2.1.1. Increasing disease prevalence
- 3.2.1.2. Strong developmental pipeline
- 3.2.1.3. Advancement in drug delivery
- 3.2.1.4. Promising investment scenario
- 3.2.2. Market restraint analysis
- 3.2.2.1. Patent expiry of blockbuster drugs
- 3.3. Ophthalmic Drugs Market Analysis Tools
- 3.3.1. Industry Analysis - Porter's
- 3.3.1.1. Supplier power
- 3.3.1.2. Buyer power
- 3.3.1.3. Substitution threat
- 3.3.1.4. Threat of new entrant
- 3.3.1.5. Competitive rivalry
- 3.3.2. PESTEL Analysis
- 3.3.2.1. Political landscape
- 3.3.2.2. Technological landscape
- 3.3.2.3. Economic landscape
- 3.3.3. Pricing Analysis
- 3.3.4. Pipeline Analysis
- 3.3.5. Patent Expiry Analysis
Chapter 4. Ophthalmic Drugs Market: Drug Class Estimates & Trend Analysis
- 4.1. Drug Class Market Share, 2023 & 2030
- 4.2. Segment Dashboard
- 4.3. Global Ophthalmic Drugs Market by Drug Class Outlook
- 4.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 4.4.1. Anti-allergy
- 4.4.1.1. Anti-allergy market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.2. Anti-VEGF Agents
- 4.4.2.1. Anti-VEGF agents market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.3. Anti-inflammatory
- 4.4.3.1. Anti-inflammatory market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.3.2. Non-steroidal drugs
- 4.4.3.2.1. Non-steroidal drugs market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.3.3. Steroids
- 4.4.3.3.1. Steroids market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.4. Anti- glaucoma
- 4.4.4.1. Anti- glaucoma market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.5. Gene and Cell Therapy
- 4.4.5.1. Gene and cell therapy market estimates and forecasts 2018 to 2030 (USD Billion)
- 4.4.6. Others
- 4.4.6.1. Others market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 5. Ophthalmic Drugs Market: Disease Estimates & Trend Analysis
- 5.1. Disease Market Share, 2023 & 2030
- 5.2. Segment Dashboard
- 5.3. Global Ophthalmic Drugs Market by Disease Outlook
- 5.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 5.4.1. Dry Eye
- 5.4.1.1. Dry eye market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.2. Allergies
- 5.4.2.1. Allergies market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.3. Glaucoma
- 5.4.3.1. Glaucoma market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.4. Infection
- 5.4.4.1. Infection market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.5. Retinal Disorders
- 5.4.5.1. Retinal disorders market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.5.2. Macular Degeneration
- 5.4.5.2.1. Macular degeneration market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.5.3. Diabetic Retinopathy
- 5.4.5.3.1. Diabetic retinopathy market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.5.4. Others
- 5.4.5.4.1. Others market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.6. Uveitis
- 5.4.6.1. Uveitis market estimates and forecasts 2018 to 2030 (USD Billion)
- 5.4.7. Others
- 5.4.7.1. Others market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 6. Ophthalmic Drugs Market: Route of Administration Estimates & Trend Analysis
- 6.1. Route of Administration Market Share, 2023 & 2030
- 6.2. Segment Dashboard
- 6.3. Global Ophthalmic Drugs Market by Route of Administration Outlook
- 6.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 6.4.1. Topical
- 6.4.1.1. Topical market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.2. Local Ocular
- 6.4.2.1. Local ocular market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.2.2. Subconjunctival
- 6.4.2.2.1. Subconjunctival market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.2.3. Intravitreal
- 6.4.2.3.1. Intravitreal market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.2.4. Retrobulbar
- 6.4.2.4.1. Others market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.2.5. Intracameral
- 6.4.2.5.1. Intracameral market estimates and forecasts 2018 to 2030 (USD Billion)
- 6.4.3. Systemic
- 6.4.3.1. Systemic market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 7. Ophthalmic Drugs Market: Dosage Type Estimates & Trend Analysis
- 7.1. Dosage Type Market Share, 2023 & 2030
- 7.2. Segment Dashboard
- 7.3. Global Ophthalmic Drugs Market by Dosage Type Outlook
- 7.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 7.4.1. Gels
- 7.4.1.1. Gels market estimates and forecasts 2018 to 2030 (USD Billion)
- 7.4.2. Eye Solutions and Suspensions
- 7.4.2.1. Eye solutions and suspensions market estimates and forecasts 2018 to 2030 (USD Billion)
- 7.4.3. Capsules and Tablets
- 7.4.3.1. Capsules and tablets market estimates and forecasts 2018 to 2030 (USD Billion)
- 7.4.4. Eye Drops
- 7.4.4.1. Eye drops market estimates and forecasts 2018 to 2030 (USD Billion)
- 7.4.5. Ointments
- 7.4.5.1. Ointments market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 8. Ophthalmic Drugs Market: Product Type Estimates & Trend Analysis
- 8.1. Product Type Market Share, 2023 & 2030
- 8.2. Segment Dashboard
- 8.3. Global Ophthalmic Drugs Market by Product Type Outlook
- 8.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 8.4.1. OTC
- 8.4.1.1. OTC market estimates and forecasts 2018 to 2030 (USD Billion)
- 8.4.2. Prescription Drugs
- 8.4.2.1. Prescription drugs market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 9. Ophthalmic Drugs Market: Product Estimates & Trend Analysis
- 9.1. Product Market Share, 2023 & 2030
- 9.2. Segment Dashboard
- 9.3. Global Ophthalmic Drugs Market by Product Outlook
- 9.4. Market Size & Forecasts and Trend Analyses, 2018 to 2030 for the following
- 9.4.1. Branded Drugs
- 9.4.1.1. Branded drugs market estimates and forecasts 2018 to 2030 (USD Billion)
- 9.4.2. Generic Drugs
- 9.4.2.1. Generic drugs market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 10. Ophthalmic Drugs Market: Regional Estimates & Trend Analysis
- 10.1. Regional Market Share Analysis, 2023 & 2030
- 10.2. Regional Market Dashboard
- 10.3. Global Regional Market Snapshot
- 10.4. Market Size, & Forecasts Trend Analysis, 2018 to 2030:
- 10.5. North America
- 10.5.1. U.S.
- 10.5.1.1. Key country dynamics
- 10.5.1.2. Regulatory framework/ reimbursement structure
- 10.5.1.3. Competitive scenario
- 10.5.1.4. U.S. market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.5.2. Canada
- 10.5.2.1. Key country dynamics
- 10.5.2.2. Regulatory framework/ reimbursement structure
- 10.5.2.3. Competitive scenario
- 10.5.2.4. Canada market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6. Europe
- 10.6.1. UK
- 10.6.1.1. Key country dynamics
- 10.6.1.2. Regulatory framework/ reimbursement structure
- 10.6.1.3. Competitive scenario
- 10.6.1.4. UK market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.2. Germany
- 10.6.2.1. Key country dynamics
- 10.6.2.2. Regulatory framework/ reimbursement structure
- 10.6.2.3. Competitive scenario
- 10.6.2.4. Germany market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.3. France
- 10.6.3.1. Key country dynamics
- 10.6.3.2. Regulatory framework/ reimbursement structure
- 10.6.3.3. Competitive scenario
- 10.6.3.4. France market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.4. Italy
- 10.6.4.1. Key country dynamics
- 10.6.4.2. Regulatory framework/ reimbursement structure
- 10.6.4.3. Competitive scenario
- 10.6.4.4. Italy market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.5. Spain
- 10.6.5.1. Key country dynamics
- 10.6.5.2. Regulatory framework/ reimbursement structure
- 10.6.5.3. Competitive scenario
- 10.6.5.4. Spain market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.6. Norway
- 10.6.6.1. Key country dynamics
- 10.6.6.2. Regulatory framework/ reimbursement structure
- 10.6.6.3. Competitive scenario
- 10.6.6.4. Norway market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.7. Sweden
- 10.6.7.1. Key country dynamics
- 10.6.7.2. Regulatory framework/ reimbursement structure
- 10.6.7.3. Competitive scenario
- 10.6.7.4. Sweden market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.6.8. Denmark
- 10.6.8.1. Key country dynamics
- 10.6.8.2. Regulatory framework/ reimbursement structure
- 10.6.8.3. Competitive scenario
- 10.6.8.4. Denmark market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7. Asia Pacific
- 10.7.1. Japan
- 10.7.1.1. Key country dynamics
- 10.7.1.2. Regulatory framework/ reimbursement structure
- 10.7.1.3. Competitive scenario
- 10.7.1.4. Japan market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7.2. China
- 10.7.2.1. Key country dynamics
- 10.7.2.2. Regulatory framework/ reimbursement structure
- 10.7.2.3. Competitive scenario
- 10.7.2.4. China market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7.3. India
- 10.7.3.1. Key country dynamics
- 10.7.3.2. Regulatory framework/ reimbursement structure
- 10.7.3.3. Competitive scenario
- 10.7.3.4. India market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7.4. Australia
- 10.7.4.1. Key country dynamics
- 10.7.4.2. Regulatory framework/ reimbursement structure
- 10.7.4.3. Competitive scenario
- 10.7.4.4. Australia market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7.5. South Korea
- 10.7.5.1. Key country dynamics
- 10.7.5.2. Regulatory framework/ reimbursement structure
- 10.7.5.3. Competitive scenario
- 10.7.5.4. South Korea market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.7.6. Thailand
- 10.7.6.1. Key country dynamics
- 10.7.6.2. Regulatory framework/ reimbursement structure
- 10.7.6.3. Competitive scenario
- 10.7.6.4. Thailand market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.8. Latin America
- 10.8.1. Brazil
- 10.8.1.1. Key country dynamics
- 10.8.1.2. Regulatory framework/ reimbursement structure
- 10.8.1.3. Competitive scenario
- 10.8.1.4. Brazil market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.8.2. Mexico
- 10.8.2.1. Key country dynamics
- 10.8.2.2. Regulatory framework/ reimbursement structure
- 10.8.2.3. Competitive scenario
- 10.8.2.4. Mexico market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.8.3. Argentina
- 10.8.3.1. Key country dynamics
- 10.8.3.2. Regulatory framework/ reimbursement structure
- 10.8.3.3. Competitive scenario
- 10.8.3.4. Argentina market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.9. MEA
- 10.9.1. South Africa
- 10.9.1.1. Key country dynamics
- 10.9.1.2. Regulatory framework/ reimbursement structure
- 10.9.1.3. Competitive scenario
- 10.9.1.4. South Africa market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.9.2. Saudi Arabia
- 10.9.2.1. Key country dynamics
- 10.9.2.2. Regulatory framework/ reimbursement structure
- 10.9.2.3. Competitive scenario
- 10.9.2.4. Saudi Arabia market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.9.3. UAE
- 10.9.3.1. Key country dynamics
- 10.9.3.2. Regulatory framework/ reimbursement structure
- 10.9.3.3. Competitive scenario
- 10.9.3.4. UAE market estimates and forecasts 2018 to 2030 (USD Billion)
- 10.9.4. Kuwait
- 10.9.4.1. Key country dynamics
- 10.9.4.2. Regulatory framework/ reimbursement structure
- 10.9.4.3. Competitive scenario
- 10.9.4.4. Kuwait market estimates and forecasts 2018 to 2030 (USD Billion)
Chapter 11. Competitive Landscape
- 11.1. Recent Developments & Impact Analysis, By Key Market Participants
- 11.2. Company/Competition Categorization
- 11.3. Vendor Landscape
- 11.3.1. List of key distributors and channel partners
- 11.3.2. Key customers
- 11.3.3. Key company market share analysis, 2023
- 11.3.4. Pfizer Inc.
- 11.3.4.1. Company overview
- 11.3.4.2. Financial performance
- 11.3.4.3. Product benchmarking
- 11.3.4.4. Strategic initiatives
- 11.3.5. Alcon
- 11.3.5.1. Company overview
- 11.3.5.2. Financial performance
- 11.3.5.3. Product benchmarking
- 11.3.5.4. Strategic initiatives
- 11.3.6. Novartis AG
- 11.3.6.1. Company overview
- 11.3.6.2. Financial performance
- 11.3.6.3. Product benchmarking
- 11.3.6.4. Strategic initiatives
- 11.3.7. Bausch Health Companies Inc.
- 11.3.7.1. Company overview
- 11.3.7.2. Financial performance
- 11.3.7.3. Product benchmarking
- 11.3.7.4. Strategic initiatives
- 11.3.8. Merck & Co., Inc.
- 11.3.8.1. Company overview
- 11.3.8.2. Financial performance
- 11.3.8.3. Product benchmarking
- 11.3.8.4. Strategic initiatives
- 11.3.9. Regeneron Pharmaceuticals Inc.
- 11.3.9.1. Company overview
- 11.3.9.2. Financial performance
- 11.3.9.3. Product benchmarking
- 11.3.9.4. Strategic initiatives
- 11.3.10. Allergan (AbbVie Inc)
- 11.3.10.1. Company overview
- 11.3.10.2. Financial performance
- 11.3.10.3. Product benchmarking
- 11.3.10.4. Strategic initiatives
- 11.3.11. Bayer AG
- 11.3.11.1. Company overview
- 11.3.11.2. Financial performance
- 11.3.11.3. Product benchmarking
- 11.3.11.4. Strategic initiatives
- 11.3.12. Genentech, Inc. (F. Hoffmann-La Roche Ltd)
- 11.3.12.1. Company overview
- 11.3.12.2. Financial performance
- 11.3.12.3. Product benchmarking
- 11.3.12.4. Strategic initiatives
- 11.3.13. Nicox
- 11.3.13.1. Company overview
- 11.3.13.2. Financial performance
- 11.3.13.3. Product benchmarking
- 11.3.13.4. Strategic initiatives
- 11.3.14. Coherus BioSciences
- 11.3.14.1. Company overview
- 11.3.14.2. Financial performance
- 11.3.14.3. Product benchmarking
- 11.3.14.4. Strategic initiatives