Global Ophthalmic Drugs Market

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  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 105

  • Format: PPT, PDF

Global Ophthalmic Drugs Market: Segmented by Drug Class (Anti-allergy, Anti-VEGF Agents, Anti-Inflammatory, Anti-glaucoma and Others), Dosage Form (Gels, Eye Solutions, Capsules & Tablets, Eye Drops and Ointments), by Route of Administration (Topical, Local Ocular and Systemic), by Product Type (OTC Drugs and Prescription Drugs) and by Geography (North America, Europe, Asia-Pacific, Middle-East and Africa, and Latin America) – Growth, Trends, and Forecasts (2019 – 2028)

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Report Overview

The global ophthalmic drugs market size stood at around USD 34.3 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period.

Ophthalmic drugs are extensively used to treat glaucoma, cataract, diabetic retinopathy, and other ophthalmic disorders. Introduction of novel ocular drug delivery approaches in the market has driven the manufacturers to develop innovative therapeutic approaches for the treatment of ophthalmic disorders. According to the American Academy of Ophthalmology, 11 million people in the U.S. suffer from age-related macular degeneration (AMD), while approximately 10% of them are inflicted with wet AMD. Such trends in ophthalmic disorders across the globe contribute to the growth of the market.

Market Drivers and Restraints

The rising prevalence of eye-related disorders, such as diabetic retinopathy, macular degeneration, and presbyopia is expected to boost market growth over the forecast period. For instance, according to the National Eye Institute, the projected number of U.S. citizens suffering from AMD is estimated to increase from 2.07 million in 2030 to 5.44 million in 2050. Strong developmental pipeline also drives the market growth.

Patent expiry of special drugs does restraint the market growth of ophthalmic drugs market.

Major Ophthalmic Disease

The major disease includes dry eye, eye allergies, glaucoma, eye infection, retinal disorders, uveitis and others. The retinal disorders segment dominated the market for ophthalmic drugs and accounted for the largest revenue share of 33.5% in 2019. The presence of strong pipeline products and increasing sales volume of ophthalmic drugs for retinal disorders is expected to be one of the major factors driving the market over the forecast period. For instance, in 2017, Graybug Vision, Inc. initiated a phase 1/2 trial of GB-102 for the treatment of wet age-related macular degeneration (AMD). GB-102 is a novel injectable depot formulation of sunitinib malate.

1. Global Ophthalmic Drugs Market Overview………………………………………………..
A. Market Size
2. Market Growth Drivers and Restraints…………………………………..……………….
A. Market Drivers
I. Increasing Disease Prevalence
II. Strong Developmental Pipeline
B. Market Restraints
I. Patent Expiry Of Blockbuster Drugs
3. Major Ophthalmic Diseases……………………………………………………………….
A. Dry Eye
B. Eye Allergies
C. Glaucoma
D. Eye Infection
E. Retinal disorders
F. Uveitis
G. Others
4. Ophthalmic Drugs Market Segmentation………………………………………………….
A. By Drug Class
I. Anti-allergy
II. Anti-VEGF Agents
III. Anti-Inflammatory
IV. Anti-glaucoma
V. Others
B. By Dosage Form
I. Gels
II. Eye Solutions
III. Capsules & Tablets
IV. Eye Drops
V. Ointments
C. By Route of Administration
I. Topical
II. Local Ocular
III. Systemic
D. Product Type
I. OTC Drugs
II. Prescription Drugs
E. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Middle-East and Africa Market Analysis
V. Latin America Market Analysis
5. Ophthalmic Major Drugs Market Share………….……………………………………..
A. Key Findings
B. Market Analysis, Insights and Forecast
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………….
A. Bausch Company overview, Product & Services, Strategies & Financials
B. Allergan Company overview, Product & Services, Strategies & Financials
C. Pfizer Company, Product & Services, Strategies & Financials
8. Healthcare Policies and Regulatory Landscape…………………………..…………
A. Policy changes and Reimbursement scenario
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Developments of ophthalmic drugs market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Drug Class:

The drug class segment is further sub-segmented into anti-allergy, anti-VEGF agents, anti-inflammatory, anti-glaucoma and others. The Anti-VEGF (Vascular Endothelial Growth Factor) segment dominated the market for ophthalmic drugs and accounted for the largest revenue share of 31.1% in 2020, due to the high adoption rate and presence of global market players with extensive product portfolio. The segment growth is fuelled by strong commercial performances of Lucentis (ranibizumab), Avastin (bevacizumab), and Macugen (pegaptanib).

By Dosage Form:

On the basis of dosage form, the further segmentation is done into gels, eye solutions, capsules & tablets, eye drops and ointments. The eye drops segment dominated the ophthalmic drugs market and accounted for the largest revenue share of 34.6% in 2020. The segment was driven by the ease of usage and high patient compliance. In addition, the development of eye drops for the treatment of rare eye diseases with low prevalence yet has a devastating impact on patients is expected to drive the market. For instance, in August 2018, Dompé U.S. received U.S. FDA approval for Oxervate (cenegermin) for treating. It is a topical eye drop therapy used for the treatment of neurotrophic keratitis.

By Route of Administration:

On the basis of Route of Administration, the market is sub-segmented into topical, local ocular and systemic. The topical route of administration segment dominated the market for ophthalmic drugs and accounted for the largest revenue share 62.2% in 2020 and is estimated to continue the dominance over the forecast period. The presence of strong pipeline products and increasing sales volume of ophthalmic drugs for retinal disorders is expected to be one of the major factors driving the market over the forecast period.

By Product Type:

On the basis of product type, the market is sub-segmented into OTC drugs and prescription drugs. The prescription drugs segment dominated the market for ophthalmic drugs and accounted for the largest revenue share of 59.9% in 2020. Improved safety and efficacy profiles and higher price of ophthalmic drugs and are expected to propel market growth. The OTC segment is positioned to demonstrate a strong growth rate over the forecast period. The availability of OTC products to increase patient access is expected to accelerate market growth in the near future.

By Region:

By geography, North America dominated the market and accounted for the largest revenue share of 39.9% in 2020 driven by the presence of excellent healthcare infrastructure and high consumer awareness. Furthermore, the presence of key players such as Pfizer, Inc., and Alcon in this region is expected to further enhance the market growth.

Asia Pacific is estimated to be the fastest-growing region in the market over the forecast period. The increasing burden of ophthalmic disorders and rising consumer awareness are expected to drive the market growth in Asia Pacific. Local companies are entering into strategic initiatives to develop and commercialize new treatment options for patients. This, in turn, is expected to boost the market growth.

Top Major Players

Key companies are focusing on the research and development of novel drugs to combat the rising prevalence of eye disorders. Some of the major players in the ophthalmic drugs market are Aerie Pharmaceuticals Inc., AbbVie (Allergan), Bausch Health, Bayer AG, F. Hoffmann-La Roche Ltd, Hoya Corporation, Novartis AG, Pfizer Inc., and Regeneron Pharmaceuticals Inc.

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

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Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

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The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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