The ocular inflammation treatment global market report 2024from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Ocular Inflammation Treatment Market, 2024report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size – The ocular inflammation treatment market size has grown strongly in recent years. It will grow from $8.85 billion in 2023 to $9.38 billion in 2024 at a compound annual growth rate (CAGR) of 6%. The growth in the historic period can be attributed to advancements in ophthalmic research, an increased incidence of ocular inflammatory conditions, a growing aging population, the expansion of healthcare infrastructure, rising awareness about eye health, innovation in treatment modalities, and the and the development of novel therapeutics.
The ocular inflammation treatment market size is expected to see strong growth in the next few years. It will grow to $11.88 billion in 2028 at a compound annual growth rate (CAGR) of 6.1%. The growth in the forecast period can be attributed to rising demand for biologics and targeted therapies, emphasis on early diagnosis and intervention, increasing healthcare expenditure, expanding access to ophthalmic care, growing adoption of teleophthalmology solutions, regulatory support for novel treatments. Major trends in the forecast period include shift towards biologic therapies, advancements in drug delivery, personalized medicine approaches, teleophthalmology integration, regulatory emphasis on safety and efficacy, expansion of therapeutic options.
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Scope Of Ocular Inflammation Treatment Market
The Business Research Company’s reports encompass a wide range of information, including:
- Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
- Drivers: Examination of the key factors propelling market growth.
- Trends: Identification of emerging trends and patterns shaping the market landscape.
- Key Segments: Breakdown of the market into its primary segments and their respective performance.
- Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
- Macro Economic Factors: Assessment of broader economic elements impacting the market.
Ocular Inflammation Treatment Market Overview
Market Drivers -The rise in the aging population is expected to drive the ocular inflammation treatment market. Aging refers to the natural process of growing older, characterized by a gradual decline in physiological functions and tissue integrity. The aging population is rising due to factors such as increased life expectancy, declining birth rates, and advancements in healthcare leading to improved longevity. The ocular inflammation treatment is essential for aging people to manage and preserve their vision by addressing inflammation-related conditions that can arise with age. For instance, in October 2022, according to a report published by the World Health Organization, a Switzerland-based health authority, the demographic segment comprising individuals aged 60 years and older is projected to grow significantly, from 1 billion in 2020 to 1.4 billion by 2022. Moreover, 1 out of 6 people in the world will be aged more than 60 years or older by 2030. Therefore, the rise in the aging population will drive the ocular inflammation treatment market going forward.
Market Trends – Major companies operating in ocular inflammation treatment are focusing on the integration of advanced technologies into eye drops, such as self-emulsifying drug delivery system (SEDDS) technology, to improve drug absorption, prolong therapeutic effects, and enhance patient convenience. The self-emulsifying drug delivery system (SEDDS) technology in eye drops enables enhanced bioavailability and improved ocular absorption of therapeutic agents, promising more effective treatment outcomes for various ocular conditions. For instance, in May 2023, ENTOD Pharmaceuticals, an India-based pharmaceutical company, unveiled CYCLOTEARS eye drops in India and several global markets. These eye drops target patients suffering from inflammatory dry eye disease, a prevalent condition. Notably, CYCLOTEARS marks the world’s inaugural dry eye therapy to integrate the company’s proprietary self-emulsifying drug delivery system (SEDDS) technology, developed by Indian scientists accredited by the Department of Scientific and Industrial Research (DSIR). Collaborations with esteemed eye research institutes across India have played a pivotal role in the technology’s development phase.
The ocular inflammation treatment market covered in this report is segmented –
1) By Treatment Type: Immunosuppressant, Antivirals, Corticosteroids, Antibiotics, Analgesics, Monoclonal Antibodies, Antifungal, Cycloplegic
2) By Mode of Operation: Injectables, Oral, Topical, Other Modes Of Operation
3) By Disease Type: Anterior Uveitis, Intermediate Uveitis, Episcleritis/Scleritis, Posterior Uveitis, Panuveitis
4) By Distribution Channel: Retail Pharmacies, Online Pharmacies, Hospital Pharmacies, Drug Stores
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Regional Insights – North America was the largest region in the ocular inflammation treatment market in 2023. The regions covered in the ocular inflammation treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Key Companies – Major companies operating in the ocular inflammation treatment market are Pfizer Inc., Johnson & Johnson Services Inc., F. Hoffmann-La Roche Ltd., Merck & Co. Inc., AbbVie Inc., Novartis AG, GlaxoSmithKline plc, Amgen Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Mylan N.V., Bristol Myers Squibb Company, Alcon Laboratories Inc., Bausch Health Companies Inc., Macleods Pharmaceuticals Ltd, Intas Pharmaceuticals Ltd, Cipla Inc., Santen Pharmaceutical Co. Ltd., Mallinckrodt Pharmaceuticals, Akron Pharma Inc, Sun Pharmaceutical Industries Ltd., Alimera Sciences, Ocular Therapeutix Inc., EyePoint Pharmaceuticals Inc., Tarsier Pharma, Graybug Vision Inc. , EyeGate, Oculis S.A.
Table of Contents
- Executive Summary
- Ocular Inflammation Treatment Market Characteristics
- Ocular Inflammation Treatment Market Trends And Strategies
- Ocular Inflammation Treatment Market – Macro Economic Scenario
- Global Ocular Inflammation Treatment Market Size and Growth
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- Key Mergers And Acquisitions In The Ocular Inflammation Treatment Market
- Ocular Inflammation Treatment Market Future Outlook and Potential Analysis
- Appendix
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