Overview and Scope
Ocular inflammation treatment refers to medical approaches aimed at reducing swelling and protecting the eyes from damage caused by inflammation, ensuring clear vision and eye health. Treatment for ocular inflammation typically involves medication, eye drops, and sometimes additional therapies, depending on the severity and underlying cause of the inflammation.
Sizing and Forecast
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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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
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.
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Major Driver Impacting Market Growth
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.
Key Industry Players
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.
The ocular inflammation treatment market report table of contents includes:
1. Executive Summary
2. Ocular Inflammation Treatment Market Characteristics
3. Ocular Inflammation Treatment Market Trends And Strategies
4. Ocular Inflammation Treatment Market — Macro Economic Scenario
5. Global Ocular Inflammation Treatment Market Size and Growth
……….
32. Global Ocular Inflammation Treatment Market Competitive Benchmarking
33. Global Ocular Inflammation Treatment Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Ocular Inflammation Treatment Market
35. Ocular Inflammation Treatment Market Future Outlook and Potential Analysis
36. Appendix
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