#Global Diabetic Retinopathy Drug Market Demand

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Ophthalmology Drugs and Devices Market: In-Depth Analysis & Forecast to 2032

Introduction

The ophthalmology drugs and devices market is witnessing rapid growth as the prevalence of eye disorders rises worldwide, particularly due to aging populations and the increasing prevalence of diabetes. Ophthalmic drugs and devices are essential for diagnosing, treating, and managing a range of eye-related conditions, from cataracts and glaucoma to diabetic retinopathy and macular degeneration. This article delves into the current trends, growth drivers, challenges, and future opportunities in the ophthalmology drugs and devices market, with a forecast extending to 2032.

Opthalmology Drugs Devices Market Size was estimated at 50.22 (USD Billion) in 2023. The Opthalmology Drugs Devices Market Industry is expected to grow from 53.43(USD Billion) in 2024 to 87.7 (USD Billion) by 2032. The Opthalmology Drugs Devices Market CAGR (growth rate) is expected to be around 6.39% during the forecast period (2025 - 2032).

Key Market Drivers

Several factors are driving the expansion of the ophthalmology drugs and devices market:

Rising Prevalence of Eye Disorders: The global rise in eye disorders is one of the key drivers of the market. According to the World Health Organization (WHO), over 2.2 billion people worldwide suffer from some form of visual impairment, with conditions such as cataracts, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) being the most common. As the global population ages and diabetes becomes more prevalent, these conditions are expected to increase, creating higher demand for ophthalmic drugs and devices.

Technological Advancements in Ophthalmology Devices: Innovation in ophthalmic devices is a significant contributor to market growth. The development of advanced diagnostic tools, such as optical coherence tomography (OCT), femtosecond lasers, and intraocular lenses, has transformed eye care by enabling more precise diagnosis and minimally invasive surgical procedures. These technological advancements improve patient outcomes, reduce recovery times, and drive the adoption of such devices in hospitals and specialized eye care centers.

Growing Demand for Minimally Invasive Procedures: Patients and healthcare providers are increasingly favoring minimally invasive procedures, particularly in ophthalmic surgeries. Advanced devices such as laser-assisted cataract surgery systems and micro-invasive glaucoma surgeries (MIGS) are becoming more common, offering safer, quicker, and more effective treatments. This shift towards less invasive procedures is expected to drive the growth of the ophthalmic devices market.

Awareness and Screening Programs: As awareness of preventable blindness and eye care increases, government and healthcare organizations are implementing screening programs for early diagnosis and treatment of eye diseases. These programs are especially prominent in developed countries, but emerging markets are also investing in such initiatives. The increasing number of eye care centers and hospitals in both developed and developing regions is further accelerating the growth of the ophthalmology market.

Market Segmentation

The ophthalmology drugs and devices market can be segmented based on product type, disease type, and region.

By Product Type: The market is divided into two primary categories: ophthalmology drugs and ophthalmology devices. The drug segment includes anti-infectives, anti-inflammatories, anti-glaucoma drugs, and retinal disease therapies. Meanwhile, the device segment consists of diagnostic and monitoring equipment, surgical devices, and vision correction devices.

By Disease Type: The market addresses a wide range of eye disorders, including cataracts, glaucoma, diabetic retinopathy, macular degeneration, refractive errors, and ocular infections. Among these, cataracts and glaucoma treatments hold a significant market share, driven by their high prevalence among aging populations.

By Region: Regionally, the ophthalmology drugs and devices market is segmented into North America, Europe, Asia-Pacific, and the rest of the world. North America holds the largest share of the market, primarily due to the advanced healthcare infrastructure, high healthcare expenditure, and increasing prevalence of eye disorders in the region. Europe follows closely, with a growing elderly population and strong presence of ophthalmic device manufacturers. The Asia-Pacific region is expected to witness the fastest growth, driven by rising healthcare investments, increasing awareness of eye health, and a large patient pool.

Challenges Facing the Market

Despite the significant growth potential, the ophthalmology drugs and devices market faces some challenges:

High Cost of Advanced Devices: While technological advancements have improved the effectiveness of ophthalmic treatments, they have also driven up costs. Advanced devices, such as femtosecond lasers for cataract surgery, come with a high price tag, limiting their adoption in low- and middle-income countries. The affordability of these devices remains a challenge, especially in regions with underdeveloped healthcare systems.

Lack of Access to Eye Care in Developing Regions: In many parts of the world, particularly in low-income regions, access to basic eye care remains limited. A lack of infrastructure, trained professionals, and resources hampers the early detection and treatment of eye disorders. Addressing these disparities in healthcare access will be crucial for expanding the global market.

Regulatory Hurdles: The ophthalmology drugs and devices market is heavily regulated, particularly in the U.S. and Europe, where stringent approval processes can slow down the launch of new products. Compliance with these regulations can be time-consuming and costly for manufacturers, creating barriers to market entry for smaller companies.

Future Opportunities and Market Outlook

The future of the ophthalmology drugs and devices market looks promising, with several opportunities for growth:

Emerging Markets: The Asia-Pacific region, in particular, is expected to witness rapid market expansion due to its large patient population, rising healthcare expenditure, and growing awareness of eye health. Companies are increasingly focusing on these emerging markets to expand their customer base and tap into new growth opportunities.

Innovative Drug Therapies: The development of novel drug therapies, particularly for retinal diseases and glaucoma, will further boost the market. Biologics and gene therapies are being explored as potential treatments for various eye conditions, offering new avenues for market growth.

Telemedicine in Ophthalmology: The integration of telemedicine in ophthalmic care has gained momentum, particularly in the wake of the COVID-19 pandemic. Remote diagnostic tools and teleconsultations can help bridge the gap in access to care, especially in underserved regions, further driving the adoption of ophthalmic devices.

Conclusion

The ophthalmology drugs and devices market is poised for significant growth through 2032, driven by rising demand for advanced diagnostic tools and treatments for eye disorders. While challenges such as high costs and limited access remain, innovations in technology and increasing awareness of eye health will continue to fuel market expansion. As companies focus on emerging markets and novel therapies, the ophthalmology industry will see transformative growth over the next decade.

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Retinal Biologics Market Forecast: Emerging Trends and Key Insights

The global retinal biologics market was valued at USD 22.5 billion in 2023 and is projected to reach USD 49.5 billion by 2032, growing at a compound annual growth rate (CAGR) of 9.2% over the forecast period from 2024 to 2032. This expansion is attributed to the rising prevalence of retinal diseases, technological advancements in biologic therapies, and an increased focus on personalized medicine.

Retinal biologics, including monoclonal antibodies, gene therapies, and other biologic agents, are revolutionizing the treatment of retinal disorders such as age-related macular degeneration (AMD), diabetic retinopathy, and retinal vein occlusion. These innovations are addressing unmet medical needs and offering new hope for patients with vision-threatening conditions.

Market Drivers

Increasing Prevalence of Retinal Diseases The growing incidence of retinal diseases, particularly age-related macular degeneration (AMD) and diabetic retinopathy, is driving the demand for effective treatments. As the global population ages and the prevalence of diabetes increases, the need for advanced retinal biologics is expanding.

Advancements in Biologic Therapies Technological advancements in biologic therapies, such as the development of novel monoclonal antibodies and gene therapies, are enhancing treatment options for retinal diseases. Innovations in drug delivery systems and targeted therapies are improving efficacy and patient outcomes, fueling market growth.

Rising Demand for Personalized Medicine Personalized medicine is gaining traction in the treatment of retinal disorders, with biologics offering tailored therapies based on individual patient profiles. This approach enhances treatment effectiveness and reduces side effects, driving the adoption of retinal biologics.

Increased Healthcare Expenditure Rising healthcare expenditure and investment in research and development are contributing to the growth of the retinal biologics market. Governments and healthcare organizations are allocating resources to address the increasing burden of retinal diseases and support the development of innovative therapies.

Growing Awareness and Early Diagnosis Increasing awareness about retinal diseases and advancements in diagnostic technologies are leading to early diagnosis and treatment. Early intervention with biologic therapies can significantly improve patient outcomes and drive market growth.

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Market Segmentation

The retinal biologics market is segmented based on drug type, disease indication, end-user, and region.

By Drug Type:

Monoclonal Antibodies Monoclonal antibodies are widely used in the treatment of retinal diseases due to their targeted action and efficacy. Agents such as Ranibizumab and Aflibercept have revolutionized the management of conditions like AMD and diabetic macular edema.

Gene Therapies Gene therapies are emerging as a transformative approach for treating inherited retinal diseases. Technologies such as gene editing and gene replacement are offering potential cures and significant improvements in vision.

Anti-VEGF Agents Anti-VEGF (vascular endothelial growth factor) agents are pivotal in managing retinal diseases characterized by abnormal blood vessel growth. These agents, including Bevacizumab and Pegaptanib, are widely used to treat conditions like retinal vein occlusion and diabetic retinopathy.

By Disease Indication:

Age-Related Macular Degeneration (AMD) AMD is the leading cause of vision loss among the elderly, and biologics play a crucial role in managing both wet and dry forms of the disease. The increasing prevalence of AMD is a major driver of market growth.

Diabetic Retinopathy Diabetic retinopathy is a common complication of diabetes and a significant cause of vision impairment. Biologic therapies are essential for managing diabetic macular edema and preventing disease progression.

Retinal Vein Occlusion Retinal vein occlusion is characterized by blocked blood flow in the retinal veins, leading to vision loss. Anti-VEGF agents and other biologics are effective in treating this condition and improving visual outcomes.

Inherited Retinal Diseases Inherited retinal diseases, such as retinitis pigmentosa and Leber congenital amaurosis, are rare but serious conditions. Gene therapies and other biologics are offering new treatment options for these genetic disorders.

By End-User:

Hospitals and Clinics Hospitals and specialty clinics are major users of retinal biologics, providing advanced treatment options and monitoring for patients with retinal diseases. The increasing number of retinal procedures in these settings is driving market growth.

Research and Academic Institutions Research and academic institutions are actively involved in developing and testing new retinal biologics. These institutions play a key role in advancing scientific knowledge and facilitating the introduction of innovative therapies.

Ambulatory Surgical Centers Ambulatory surgical centers are becoming increasingly important for retinal procedures due to their cost-effectiveness and efficiency. The growing adoption of retinal biologics in these centers is contributing to market expansion.

By Region:

North America North America dominates the retinal biologics market, driven by high healthcare expenditure, advanced healthcare infrastructure, and the presence of major pharmaceutical companies. The U.S. and Canada are leading the adoption of innovative retinal therapies.

Europe Europe is also a significant market for retinal biologics, with countries like Germany, France, and the U.K. investing in advanced treatments for retinal diseases. The region's strong healthcare systems and regulatory support are fostering market growth.

Asia-Pacific The Asia-Pacific region is expected to experience substantial growth, driven by increasing healthcare investments, rising prevalence of retinal diseases, and growing patient awareness. Countries like China and India are emerging as key markets for retinal biologics.

Latin America Latin America is witnessing gradual growth in the retinal biologics market, supported by improving healthcare infrastructure and increasing access to advanced therapies. Brazil and Mexico are leading the adoption of retinal biologics in the region.

Middle East and Africa The Middle East and Africa are expected to grow steadily, with increasing healthcare investments and a focus on addressing retinal diseases. Market growth in this region is supported by government initiatives and collaborations with global pharmaceutical companies.

Key Market Players

Several leading companies are driving innovation and growth in the retinal biologics market, including:

Novartis Novartis is a major player in the retinal biologics market, with products such as Lucentis and Beovu offering effective treatments for retinal diseases.

Regeneron Pharmaceuticals Regeneron is known for its EYLEA (Aflibercept), a leading anti-VEGF therapy used to treat various retinal conditions.

Roche Roche's Lucentis and other biologic therapies are widely used in managing age-related macular degeneration and other retinal disorders.

AbbVie AbbVie is advancing retinal biologics with its product, Humira, and is involved in the development of new therapies for retinal diseases.

Pfizer Pfizer is actively involved in retinal biologics research and development, contributing to the growth of innovative treatments for retinal disorders.

Future Outlook

The retinal biologics market is poised for significant growth, driven by advancements in treatment technologies, increasing prevalence of retinal diseases, and a growing focus on personalized medicine. As research and development continue to advance, new therapies will offer improved outcomes for patients and further drive market expansion.

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The Global Advanced Glycation End Products Market will grow at highest pace owing to enhanced R&D activities

The advanced glycation end products (AGEs) market comprises pharmaceutical products used to treat diseases caused due to accumulation of AGEs in the body. AGEs are a complex and heterogeneous group of compounds formed through non-enzymatic glycation and oxidation of proteins, lipids, and nucleic acids. Some key products in the market are aspirin, diltiazem, Benicar, Cozaar, and Diovan. The global AGEs market is an important therapeutic area as accumulation of these compounds in tissues and blood vessels is associated with conditions like diabetes, atherosclerosis, chronic kidney disease, neurological disorders, and even aging. The need for AGEs inhibiting therapeutics is expected to rise with the growing prevalence of the above-mentioned diseases worldwide.

The Global advanced glycation end products Market is estimated to be valued at US$3,469.95 Mn in 2024 and is expected to exhibit a CAGR of 12. % over the forecast period 2023 to 2030. Key Takeaways Key players operating in the advanced glycation end products (AGEs) market are Astellas Pharma, Calico, Geron Corporation, Human Biosciences, National Cancer Institute, Sanofi, Pfizer Inc. Key players are focusing on research and development activities to develop more effective therapies. In June 2019, a team of engineers from the MIT announced that they are developing a method of converting liquid nanoemulsions into solid gels. The global AGEs market is witnessing high demand mainly due to the rising prevalence of diabetes and subsequent diabetic complications. It is estimated that over 537 million adults were living with diabetes in 2021 worldwide. As diabetes leads to elevated blood sugar levels and increase risk of developing CVDs and renal diseases over the long run, the need for AGEs management is growing. With continuous technological advancements, new drugs and drug delivery systems are being developed to inhibit AGEs formation and break existing links between AGEs and tissues. Nanotechnologies have opened up possibilities of developing targeted drug delivery systems with minimal side effects. Researchers are working on nanoparticle-based therapeutics that can selectively migrate to areas of the body with high AGE accumulation like retina in case of diabetic retinopathy. Market Trends Some key trends being observed in the global advanced glycation end products market include: - Focus on developing alternatives to existing drugs: With many drugs going off-patent, companies are putting increased efforts in discovering new chemical entities that can effectively inhibits AGEs formation as well as break existing links. - Investments in preventive therapies: With lifestyle diseases rising, there is higher focus on developing preventive treatments through diet modification and AGEs restriction. Supplements and food products inhibiting non-enzymatic glycation are gaining prominence. - Combination therapies gaining traction: Using complementary mechanisms, researchers are exploring efficacy of combining existing drugs rather than developing new single-molecule therapies. Market Opportunities The future growth opportunities in the global advanced glycation end products market lie in: - Developing cost-effective AGEs diagnostics tests: Early detection is crucial but existing tests are often inaccessible in developing regions. Developing affordable point-of-care diagnostics can boost early treatment. - Leveraging technological advancements: Technologies like nanomedicine, gene therapy are opening up avenues to develop targeted, precise and long-lasting AGEs modulating therapies.

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Europe Eyes a Brighter Future: Dominating the Eye Drop and Lubricant Market Through Innovation

Introduction:

The global Eye-Drop and Lubricants Market is poised for significant growth, driven by rising awareness of eye health and increasing prevalence of eye conditions. Within this landscape, Europe emerges as a dominant region, spearheading advancements in treatment for ocular diseases and propelling the market forward. This article delves into the factors contributing to Europe's leading role and explores the innovative approaches that solidify its position.

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A Growing Need for Eye Care Solutions

Several factors contribute to the escalating demand for eye drops and lubricants in Europe:

Aging Population: Europe has a rapidly aging population, with a significant portion reaching the age where age-related macular degeneration (AMD) and dry eye become more prevalent. This demographic shift fuels the demand for eye drops and lubricants that address these conditions.

Increased Screen Time: The widespread use of digital devices like smartphones and computers contributes to eye strain and dry eye. This growing concern fosters the demand for lubricating eye drops to alleviate discomfort and improve visual clarity.

Rising Prevalence of Diabetes: Diabetes is a major public health concern in Europe, and diabetic retinopathy, a complication that damages the retina, is a growing threat to vision. Eye drops play a crucial role in managing this condition.

Europe at the Forefront of Innovation

Europe's dominance in the eye drop and lubricant market is fueled by a thriving research and development (R&D) landscape. Here are some key areas where Europe is leading the way:

Non-Invasive Treatment for DME: A recent breakthrough in Iceland exemplifies Europe's innovative spirit. Researchers developed a non-invasive method using eye drops to deliver medication for Diabetic Macular Edema (DME), a leading cause of vision loss. This approach eliminates the need for painful injections, potentially improving patient compliance and quality of life.

Targeted Drug Delivery Systems: European researchers are actively developing novel eye drops with targeted drug delivery systems. These advanced drops can release medication directly to the affected area within the eye, maximizing efficacy while minimizing side effects.

Biocompatible Materials: Emphasis is placed on developing eye drops with biocompatible materials that mimic the natural tear film. These lubricants provide long-lasting comfort and minimize irritation for dry eye sufferers.

Hyaluronic Acid: This naturally occurring substance helps retain moisture in the eye, offering long-lasting lubrication and relief from dry eye symptoms.

Liposomes: These microscopic spheres can be used to encapsulate medication and deliver it directly to the target site within the eye, improving drug efficacy and minimizing side effects.

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Continued Innovation: Exploring Untapped Potential

Beyond the current advancements, Europe continues to explore and develop promising avenues in eye drop and lubricant technology:

Personalized Medicine: Advancements in genetic testing pave the way for personalized eye drops tailored to an individual's specific needs and genetic susceptibility to eye conditions.

Smart Eye Drops: Researchers are exploring the development of "smart" eye drops that can respond to changes in the eye's environment. These drops could adjust their properties, such as viscosity or medication release, to provide more targeted and effective treatment.

Gene Therapy: Although still in its early stages, gene therapy holds the potential to offer a more permanent solution for certain eye diseases. Eye drops could potentially be used as a delivery system for gene therapy treatments in the future.

Regulatory Landscape and Market Growth

Europe's stringent regulatory framework for pharmaceuticals ensures the safety and efficacy of eye drops and lubricants marketed within the region. This focus on quality control fosters consumer trust and confidence in these products. Additionally, government initiatives aimed at raising awareness about eye health and promoting preventative measures further contribute to market expansion.

Looking Ahead: A Collaborative Future for Eye Care

While Europe currently reigns supreme in the eye drop and lubricant market, continued success hinges on collaboration. Partnerships between pharmaceutical companies, research institutions, and healthcare providers are crucial for accelerating innovation and ensuring efficient product development and distribution. Furthermore, fostering international collaboration can accelerate knowledge transfer and broaden the scope of research efforts. By sharing expertise and best practices, Europe can solidify its position as a global leader in eye care solutions.

Conclusion

Europe's strong foundation in research and development, coupled with its commitment to innovation and a focus on patient well-being, positions it at the forefront of the eye drop and lubricant market. Breakthroughs in non-invasive treatments and targeted drug delivery systems underscore Europe's dedication to advancing eye care solutions. As the market evolves, continued collaboration within the region and fostering international partnerships will be instrumental in ensuring a future where eye health remains a top priority. By staying at the cutting edge of innovation, Europe has the potential to not only dominate the market but also improve the lives of millions suffering from eye conditions around the world.

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Ophthalmic Drugs Market Size To Reach $66.06 Billion By 2030

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.

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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

Ophthalmic Drugs Market Segmentation

Grand View Research has segmented the global ophthalmic drugs market report based on drug class, disease, route of administration, dosage type, product type, product, and region:

Ophthalmic Drugs Drug Class Outlook (Revenue, USD Billion, 2018 - 2030)

Anti-allergy

Anti-inflammatory

Non-steroidal drugs

Steroidal drugs

Anti-VEGF Agents

Anti-glaucoma

Others

Ophthalmic Drugs Disease Outlook (Revenue, USD Billion, 2018 - 2030)

Dry Eye

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Allergies

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Glaucoma

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Eye Infection

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Infection

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Retinal Disorders

Retinal Disorder Treatment Market, By Type,

Macular Degeneration

Diabetic Retinopathy

Retinal Disorder Treatment Market, By Dosage Type,

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Uveitis

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Others

Ophthalmic Drugs Dosage Form Outlook (Revenue, USD Billion, 2018 - 2030)

Gels

Eye Solutions & Suspensions

Capsules and Tablets

Eye Drops

Ointments

Ophthalmic Drugs Route of Administration Outlook (Revenue, USD Billion, 2018 - 2030)

Topical

Retinal Disorders

Subconjunctival

Intravitreal

Retrobulbar

Intracameral

Local Ocular

Systemic

Ophthalmic Drugs Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

Prescription Drugs

OTC

Ophthalmic Drugs Product Outlook (Revenue, USD Billion, 2018 - 2030)

Branded Drugs

Generic Drugs

Ophthalmic Drugs Regional Outlook (Revenue, USD Billion, 2018- 2030)

North America

S.

Canada

Europe

Germany

K.

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

Japan

China

India

Australia

South Korea

Australia

Thailand

Latin America

Brazil

Mexico

Argentina

Middle East and Africa (MEA)

South Africa

Saudi Arabia

UAE

Kuwait

List of Key Players of Ophthalmic Drugs Market

Pfizer Inc.

Alcon

Novartis AG

Bausch Health Companies Inc.

Merck & Co., Inc

Regeneron Pharmaceuticals Inc

Allergan (AbbVie Inc)

Bayer AG

Genentech, Inc. (F. Hoffmann-La Roche Ltd)

Nicox

Coherus Biosciences, Inc.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/ophthalmic-therapeutics-drug-market

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Human Insulin Market: Regional Analysis and Forecasts By 2023 to 2030

The human insulin market is expected to grow from US$ 18.95 billion in 2023 to US$ 21.04 billion by 2030, at a CAGR of 1.5% during the forecast period. The major factors driving the growth of the market include the increasing prevalence of diabetes, rising adoption of insulin analogues, and growing awareness about the benefits of human insulin.

The pancreatic beta cells are the source of the hormone insulin. It is essential to the control of blood sugar levels. It manages the processes of the body and determines how well body cells absorb amino acids. aids in the blood's absorption of glucose. A polygenic disorder is a medical illness characterized by elevated {blood sugar, blood glucose, glucose} or glucose levels in the patient. Diabetic retinopathy and diabetic nephropathy are two serious health consequences brought on by this disorder that affects the glucose in the blood tissues. People with diabetes, whose bodies are unable to produce enough insulin to regulate blood sugar levels, need to take insulin on a regular basis.

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Over the anticipated years, the market for HI analogs and the rising number of diabetes patients are anticipated to propel the human insulin market. Additionally, positive medical reimbursement scenarios and increased diabetes awareness are expected to drive the market in the upcoming years. Furthermore, the introduction of pen devices and safety pen needles for efficient insulin delivery is anticipated to drive the market during the projected period. Expanding allocations of funds towards research and development endeavors by diverse entities are anticipated to boost market expansion. There are obstacles and limitations that can prevent the market from growing.

Key Trends in the Human Insulin Market:

Some of the key trends in the human insulin market include:

Increasing prevalence of diabetes: Diabetes is a chronic disease that affects millions of people worldwide. The prevalence of diabetes is increasing rapidly due to factors such as obesity, sedentary lifestyle, and unhealthy diet. This is driving the demand for human insulin, which is a life-saving drug for people with diabetes.

Rising adoption of insulin analogues: Insulin analogues are a type of human insulin that is modified to improve its absorption and duration of action. Insulin analogues are more convenient and effective than traditional human insulin, and they are therefore becoming increasingly popular among patients and healthcare professionals.

Growing awareness about the benefits of human insulin: Human insulin is a natural hormone that is produced by the beta cells of the pancreas. It is the most effective and safe type of insulin for people with diabetes. However, many people are not aware of the benefits of human insulin, and they may opt for other types of insulin, such as animal-derived insulin or synthetic insulin. This is creating an opportunity for market players to educate patients and healthcare professionals about the benefits of human insulin.

Key Takeaways:

The global human insulin market is expected to grow from US$ 18.95 billion in 2023 to US$ 21.04 billion by 2030, at a compound annual growth rate (CAGR) of 1.5%.

The increasing prevalence of diabetes and the adoption of insulin analogues are the key factors driving the growth of the market.

The market is segmented by type, distribution channel, type of diabetes, and region.

The modern human insulin segment is expected to dominate the market during the forecast period.

The retail pharmacies segment is expected to be the largest distribution channel for human insulin.

North America is expected to be the largest market for human insulin, followed by Europe and Asia-Pacific.

Key Players in the Human Insulin Market:

The major players in the human insulin market include:

Novo Nordisk A/S

Eli Lilly and Company

Sanofi

Tonghua Dongbao Pharmaceutical Co., Ltd.

Biocon

Wockhardt

Becton, Dickinson and Company

Insulet Corporation

Medtronic plc

Tandem Diabetes Care

Ypsomed AG

These players are focusing on developing and launching new human insulin products that are more affordable and convenient for patients. They are also investing in research and development to improve the efficacy and safety of human insulin.

Segmentation:

By type:

Modern human insulin

Traditional human insulin

By distribution channel:

Retail pharmacies

Hospital pharmacies

Online pharmacies

By type of diabetes:

Diabetes type 1

Diabetes type 2

By region:

North America

Europe

Asia-Pacific

Latin America

Middle East and Africa

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Ocular Drug Delivery Devices Market Growth with a CAGR of ~7% During 2023-2035 and Attain ~USD 30 Billion

Research Nester’s recent market research analysis on “Ocular Drug Delivery Devices Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global ocular drug delivery devices market in terms of market segmentation by type, drug form, disease type, end-user, and by region.

Growing Concern for the Prevalence of Ocular Diseases to Drive Growth of Global Ocular Drug Delivery Devices Market

The global ocular drug delivery devices market is estimated to grow majorly on account of the increasing number of ocular diseases across the world. The ocular drug delivery system is always a challenge as the bioavailability of these drugs is very less. Many drug delivery systems are being developed to improve the efficiency and risk of diseases. Ocular diseases are caused by impairment of the eyes from occupational work, genetic disorders, immune suppression such as diabetes, and increasing screen time. The lack of awareness of eye diseases and infections is also estimated to drive market growth. The drug delivery systems of the eye include implants, inserts, injections, lenses, and plugs. The dosage forms of these drugs include ointments, solutions, suspensions, drops, microspheres, and nanoparticles. The reimbursement policies and aging are also the regions for the growth of the market in the coming years. As per the estimations for 2022, globally more than 2 billion people are living with near or far vision loss.

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Some of the major growth factors and challenges that are associated with the growth of the global ocular drug delivery devices market are:

Growth Drivers:

Surge in Government Expenditure on Healthcare

Growing Geriatric People Suffering from Eye Disorders

Challenges:

The rising concern for poor bioavailability of drugs and discomfort caused by administration are some of the major factors anticipated to hamper the growth of the global ocular drug delivery devices market. The bioavailability of the eye medications is reduced owing to the lacrimation, tear dilution, transient residence, nonproductive, and conjunctival absorption.

By disease type, the global ocular drug delivery devices market is segmented into glaucoma, diabetic macular edema, diabetic retinopathy, macular degeneration, cataract, refractive issues, and others. The cataract segment is to garner the highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period. A rise in the number of people living with diabetes and a growing number of people with age above 50 years is projected to drive the market growth. Also, the increasing number of people suffering from cataracts is growing along with the lack of awareness of treatment procedures is also boosting the market growth. The market growth is attributed to the poor medical facilities provided in underdeveloped countries and the rising presence of disorders such as diabetes, eye trauma, hypertension, and eczema which increase the risk of eye disorders. Globally, over 5 million people aged 50 and over are living with blindness as per the reports of 2020.

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By region, the Middle East & Africa ocular drug delivery devices market is to generate the highest revenue by the end of 2035. This growth is anticipated by a higher number of people waiting for COVID-9 vaccination and more patients that have different types of chronic diseases. The rising chronic diseases such as immune suppression disorders are estimated to increase the risk of eye disorders which in turn hikes the market growth in the coming years. Vision impairment in many adults and the increasing geriatric population are estimated to propel the market growth. The increasing pharmaceutical industry, rising presence of prominent key players, and growing mergers and acquisitions in the region are also driving the growth of the market during the forecast period as per the market analysis. The chances of distance vision impairment in low-income regions were estimated to be four times more compared to the highly developed regions and chances of near vision impairment were estimated to be over 80% in the eastern, western, and central sub-Saharan African region according to a report of WHO.

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This report also provides the existing competitive scenario of some of the key players of the global ocular drug delivery devices market which includes company profiling of Bausch Health Companies Inc., Taiwan Liposome Company, Ltd., Ocular Therapeutix, Inc., Kiora Pharmaceuticals, Inc., Graybug Vision Inc., Apellis Pharmaceuticals, Inc., Implanet Company, and Aerie Pharmaceuticals Inc. EyePoint Pharmaceuticals, Inc., Protalix BioTherapeutics., and others.     

About Us

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision in order to avoid future uncertainties.

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[techninja]

Emerging Technologies Reshaping the Ophthalmic Devices Market

Introduction

The global ophthalmic devices market has witnessed significant growth and innovation over the years, driven by factors such as an aging population, increasing prevalence of eye disorders, technological advancements, and a growing awareness of the importance of eye health. Ophthalmic devices play a crucial role in the diagnosis, treatment, and management of various eye conditions, making them a critical component of the healthcare industry. This article delves into the dynamics of the ophthalmic devices market, its key segments, major players, and future prospects.

Market Overview

The ophthalmic devices market encompasses a wide range of products designed to address various eye-related issues. These devices include diagnostic equipment, surgical instruments, vision correction aids, and more. As of the last available data, the market was valued at approximately $23 billion in 2020. With the increasing global geriatric population and rising instances of eye disorders, the market is expected to experience steady growth in the coming years.

Key Segments

1. Diagnostics and Imaging Devices: Ophthalmic diagnostics and imaging devices, such as optical coherence tomography (OCT) machines and fundus cameras, are essential for the accurate diagnosis and monitoring of eye conditions like glaucoma, macular degeneration, and diabetic retinopathy. These devices offer high-resolution images, aiding ophthalmologists in early disease detection and treatment planning.

2. Surgical Instruments: Ophthalmic surgical instruments are used in procedures like cataract surgery, corneal transplants, and retinal surgeries. These instruments have seen remarkable advancements, including the use of lasers and robotic-assisted surgery, leading to better patient outcomes, shorter recovery times, and enhanced precision.

3. Vision Correction Devices: Vision correction devices, including eyeglasses and contact lenses, remain an integral part of the ophthalmic devices market. Recent innovations in this segment include advanced lens materials, multifocal lenses, and even smart contact lenses with health monitoring capabilities.

4. Ophthalmic Drugs: While not devices in the traditional sense, pharmaceuticals for eye-related conditions are a significant part of the market. They are used to treat a wide range of conditions, from dry eye syndrome to glaucoma and more.

Major Players

The ophthalmic devices market is highly competitive, with several major players and numerous smaller companies contributing to its growth. Some of the key players in this market include:

- Alcon Inc.: A division of Novartis, Alcon is a global leader in eye care solutions, offering a wide range of products from surgical equipment to vision care.

- Johnson & Johnson Vision: Known for its contact lenses and innovative vision correction solutions, this company is a significant player in the market.

- Carl Zeiss Meditec: Renowned for its high-quality ophthalmic diagnostics and imaging equipment, Carl Zeiss Meditec is a key contributor to the sector.

- Bausch + Lomb: This company specializes in both pharmaceuticals and eye care products, including contact lenses, eye drops, and surgical equipment.

Future Prospects

The ophthalmic devices market is poised for continued growth and innovation. Several factors are expected to shape its future:

1. Technological Advancements: Ongoing advancements in diagnostic and surgical technologies are expected to result in more accurate and minimally invasive procedures, improving patient outcomes and reducing recovery times.

2. Increasing Aging Population: The global aging population is set to drive the demand for ophthalmic devices as age-related eye conditions become more prevalent.

3. Rising Eye Disorders: Lifestyle factors, such as prolonged screen time, and the increasing incidence of conditions like diabetes, are contributing to a higher prevalence of eye disorders, necessitating more sophisticated ophthalmic solutions.

4. Emerging Markets: The ophthalmic devices market is expanding in emerging economies where healthcare infrastructure is improving, and disposable income is rising, making advanced eye care more accessible.

In conclusion, the ophthalmic devices market plays a critical role in maintaining and restoring vision, and it continues to evolve with technological advancements and the changing healthcare landscape. As the world recognizes the significance of eye health, this market is expected to witness sustained growth and foster a clearer, healthier future for millions of individuals worldwide.

[rohans18]

Chronic Eye Diseases Market Size, Reports, Demands, Share - Forecast 2029

Global Chronic Eye Diseases Market, Type (Diabetic and Hypertensive Retinopathy, Cataracts, Age-Related Macular Degeneration (AMD), Thyroid Ophthalmopathy (Grave’s Disease), Glaucoma Dry Eye, Others), Medication (Anti-inflammatory, Anti-glaucoma, Lubricating Agents, Immunosuppressive, Others), Product Type (Eye Drops, Eye Ointment, Gel, Liquid Wipes, Others),  Route of Administration (Oral, Parenteral, Ocular, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others) – Industry Trends and Forecast to 2029

In the consistent Chronic Eye Diseases market research report, industry trends are put together on macro level with which clients can figure out market landscape and possible future issues about Chronic Eye Diseases industry. The scope of this market report include but is not limited to latest trends, market segmentation, new market entry, industry forecasting, future directions, opportunity identification, strategic analysis and planning, target market analysis, insights and innovation. The report presents with the CAGR value fluctuations for the specific forecasted period which helps decide costing and investment strategies. An influential Chronic Eye Diseases market report brings precise and exact market research information that drives business into the right direction.

Key Players

Thermo Fisher Scientific Inc. (U.S.)

Abbott (U.S.)

QIAGEN (Germany)

PerkinElmer, Inc. (U.S.)

Merck KGaA (Germany )

Bio-Rad Laboratories, Inc. (U.S.)

Enzo Biochem, Inc. (U.S.)

Charles River Laboratories International, Inc. (U.S.)

Eurofins Scientific (Luxembourg)

Agilent Technologies, Inc. (U.S.)

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The research studies entailed in the winning Chronic Eye Diseases market report supports to estimate several important aspects that includes but are not limited to investment in a rising market, success of a new product, and expansion of market share. The strategies underlined here mainly consist of new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others that boost footprints in this market. Several other factors such as import, export, gross margin, price, cost, and consumption are also analyzed under the section of production, supply, sales and market status.

Key questions answered in the report:

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in coming years?

Which application segment will grow at a robust rate?

Report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Chronic Eye Diseases Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Table Of Content

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03:  Global Market

Part 04: Global Market Size

Part 05: Global Market Segmentation By Product

Part 06: Five Forces Analysis

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[grevispharma]

Future Trends in Eye Drops: Exploring Technological Advancements and Market Projections

The field of eye drops is continuously evolving, driven by advancements in technology, research, and changing market dynamics. These innovations are shaping the future of eye care, offering promising solutions for various eye conditions. In this blog, we will explore the future trends in Eye Drops Franchise, focusing on technological advancements and market projections that are set to transform the industry.

Nanotechnology in Eye Drops:

Nanotechnology holds immense potential in the development of eye drops. Researchers are exploring the use of nano scale drug delivery systems to enhance the effectiveness of eye medications. Nanoparticles can improve bioavailability, increase drug penetration into the eye tissues, and prolong the therapeutic effect. These advancements can lead to more targeted and efficient treatment of ocular diseases, such as macular degeneration and diabetic retinopathy.

Novel Drug Delivery Systems:

Advancements in drug delivery systems are poised to revolutionize the efficacy and convenience of eye drops. Extended-release formulations, such as hydrogels and mucoadhesive systems, can provide sustained drug release, reducing the need for frequent administration. Intraocular implants and punctal plugs are also being explored as alternative delivery methods, ensuring controlled and long-lasting drug delivery.

Biologics and Gene Therapies:

The emergence of biologics and gene therapies is set to transform the treatment landscape for severe eye conditions. Eye drops incorporating biologic agents, such as growth factors and monoclonal antibodies, can target specific disease mechanisms and promote tissue regeneration. Additionally, gene therapies hold promise for genetic disorders, offering the potential to correct genetic mutations and restore normal functioning of the eye.

Personalized Medicine:

The future of eye drops lies in personalized medicine, where treatments are tailored to an individual's unique genetic and ocular profile. Advances in genetic testing and molecular diagnostics will enable healthcare professionals to identify specific genetic variations and biomarkers that influence a person's response to treatment. This knowledge will guide the development of customized eye drops, optimizing therapeutic outcomes for each patient.

Smart Technology Integration:

The integration of smart technology into eye drops is a trend on the horizon. Smart eye drops can provide real-time monitoring of eye conditions, track treatment adherence, and offer personalized reminders. These intelligent systems can also collect data on patient response and provide insights to healthcare professionals for personalized treatment adjustments. Such technological advancements have the potential to improve patient outcomes and enhance overall eye care management.

 Growing Market for Dry Eye Relief:

The prevalence of dry eye syndrome is increasing globally, driving the demand for innovative and effective eye drops. Market projections indicate significant growth in the dry eye segment, with a focus on developing advanced formulations that address the underlying causes of the condition. Eye drops containing novel lubricants, anti-inflammatory agents, and tear-stimulating compounds will play a vital role in providing relief to millions of individuals suffering from dry eye.

Expanding Access in Developing Countries:

As awareness of eye health and access to healthcare services improve, eye drops manufacturers are targeting emerging markets in developing countries. The growing middle-class population, increased affordability, and government initiatives are creating opportunities for eye drops companies to expand their reach. This expansion will not only address the rising demand for eye care but also contribute to reducing the burden of preventable blindness in these regions.

In conclusion, the future of eye drops Manufacturer is characterized by technological advancements and market projections that promise to revolutionize eye care. From nanotechnology and novel drug delivery systems to personalized medicine and smart technology integration, these trends will enhance treatment efficacy, convenience, and patient outcomes. With a focus on addressing conditions like dry eye and expanding access to underserved regions, the eye drops industry is poised to make a significant impact on global eye health.

[impossibledeanmakerwombat]

Vitrectomy Devices Market 2022 Growth, COVID Impact, Trends Analysis Report 2032

According to Future Market Insights’ newly released Vitrectomy Devices Market analysis report, According to a recently published industry study report by Future Market Insights, sales of vitrectomies devices were US$ 1.2 billion worldwide in 2021. The market is anticipated to grow at a CAGR of 7.3% from 2022 to 2032, reaching a worth of US$ 2.6 billion. The greatest revenue-generating kind is anticipated to be vitrectomy machines, with a nearly US$ 1.3 billion opportunity in absolute terms from 2022 to 2032. Request a Sample of this Report @  https://www.futuremarketinsights.com/reports/sample/rep-gb-16022

With the latest insights and statistics from the biggest pharmaceutical and healthcare device manufacturers across the globe, FMI presents an extensive analysis on Vitrectomy Devices market.

FMI offers insights into the market data on over 5000+ drugs for more than 100 countries, which further aids the research on current and upcoming market scenario for the Vitrectomy Devices market. Our expert researchers and analysts for healthcare tracks the data of established players as well as new entrants in medical industry to provide an unbiased analysis for a sound and financial decision.

Over the past decade, healthcare sector has been expanding remarkably, following the advent of artificial Intelligence and the Internet of Things integrated medical devices. Advancement in technology has created impressive scope within the medical sector for diagnostics and therapeutics.

The report offers extensive data sets validating key trends impacting growth in the Vitrectomy Devices market. It offers insights into strategies adopted by the key players rise and address the concerns that will challenge the growth of Vitrectomy Devices market. With our extensive research and information about the past, current and future market scenario, the Vitrectomy Devices market report will help and identify the concerns, for a smooth-sail of the small & medium as well as large enterprises.

Critical Questions Answered in the Report

What are ongoing trends that will shape market growth curve for global Vitrectomy Devices market? What are the drivers and challenges affecting the Vitrectomy Devices market demand? What are the recent technological advancement in the Vitrectomy Devices market? What are key trends and opportunities that will prevail the revenue growth of Vitrectomy Devices market players? How will evolving regulatory policies impact the market growth? What is the impact of Covid-19 on the Vitrectomy Devices market?

Ask the Analyst @ https://www.futuremarketinsights.com/ask-question/rep-gb-16022 Market Segments Covered in Vitrectomy Devices Industry Analysis

By Product Type:

Vitrectomy Machines Vitrectomy Packs Photocoagulation Lasers Illumination Devices

By Application:

Diabetic Retinopathy Retinal Detachment Macular Hole Vitreous Hemorrhage Other Applications

By End-use: Hospitals Ophthalmic Clinics Ambulatory Surgical Centres

Comprehensive analysis of the regional markets offers exclusive insights on the market performance across geographies along with relevant graphs, figures, and list of tables.Full Report @https://www.futuremarketinsights.com/reports/vitrectomy-devices-market

[market-insider]

Optical Coherence Tomography Market 2022 | Handheld OCT Devices Segment Held The Largest Share

The global optical coherence tomography market size is expected to reach USD 5.28 billion by 2030, registering a CAGR of 15.41%, according to a new report by Grand View Research, Inc. Rising demand for early diagnosis of the disease, constant innovation and development of newer technologies, higher demand from the new biomedical applications, such as drug delivery, and rising prevalence of eye disorders are expected to drive the Optical Coherence Tomography (OCT) industry growth. However, the lack of favorable reimbursement policies and clinical information can hamper the growth in the coming years. The technique has numerous uses in fields like dermatology, cancer, and ophthalmology.

Gain deeper insights on the market and receive your free copy with TOC now @: Optical Coherence Tomography Market Report

It is largely used to diagnose and treat disorders affecting the eyes, including glaucoma, conditions affecting the retina, such as central serous retinopathy, Age-related Macular Degeneration (AMD), and vitreous traction. An additional definition of the market includes new technology for high-resolution cross-sectional imaging. It takes a picture with micrometer-resolution using coherent light. Other illnesses like non-melanoma prostate cancer, skin cancer, esophageal issues, cardiovascular disruptions, and diabetes have been added to the market’s reach. A significant increase in demand for the product is anticipated due to the rising incidence of these diseases.

The COVID-19 pandemic has led to a huge surge in demand for medical supplies and respiratory support devices, such as life-support machines, atomizers, oxygen generators, and monitors. OCT angiography is used for the imaging of retinal vascular changes in fully-recovered COVID-19 patients. The key manufacturers of OCT systems are struggling to maintain their production capacity, along with finding newer methods to strengthen their presence, such as mergers & acquisitions and collaborations with suitable market players. These initiatives by key players can be positive for the industry's growth in the coming years.

[nirajresearchnester-blog]

The global diabetic retinopathy drug market is anticipated to bolster at a robust growth rate to reach USD 705 Million by 2021

Diabetic retinopathy is a medical condition which damages retina (present at the back of eye) and leads to blindness if untreated or undiagnosed. The degree of treatment of diabetic retinopathy varies according to various stages of the disease and is mainly prioritized to curb the disease at its initial stage.

The global diabetic retinopathy drug market is anticipated to bolster at a robust growth rate to reach USD 705 Million by 2021. Geographically, the global diabetic retinopathy drug market is segmented into North America, Latin America, Western and Eastern Europe, Asia-Pacific, Middle East and North Africa (MENA) and Rest of World.

Market Segmentation

By Type of Drugs

The global diabetic retinopathy drugs market is segmented based on type of drugs into intraocular steroid injection, Avastin, Lucentis and Anti-Vascular Endothelial Growth Factor (VEGF) drug.

By End Users

On the basis of end-users, the global diabetic retinopathy drug market is divided as ophthalmic clinics, hospitals, ambulatory surgical centers and others.

Growth Drivers and challenges

Rapidly expanding diabetic population coupled with increasing awareness of people regarding diabetic retinopathy is expected to drive the growth of global diabetic retinopathy drug market in coming 4-5 years.

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In addition to that, rising medical procedures due to high penetration of medical insurance and rising government initiatives for prevention of diabetes related risks is also believed to garner the growth of global retinopathy drug market in future.

However, lack of trained ophthalmologist and stringent government regulations for approval of diabetic retinopathy drugs is anticipated to restrain the growth of global diabetic retinopathy drugs market over the forecast period i.e. 2015-2021.      

Market Size and Forecast

Regionally, North America dominates the global diabetic retinopathy drug market. The region also accounted for 36.0% of total diabetic retinopathy market in 2015. Diabetic retinopathy drug market in the region is expected to escalate and get sparked by huge government spending on healthcare industry in coming 5-6 years.

Europe is the second largest diabetic retinopathy drug market behind North America. The market in the region is anticipated to propagate by increasing number of obese people, who are more prone to diabetes, in some of the major European countries including the U.K., Germany, Spain, France, Italy and Spain.    

Asia-Pacific diabetic retinopathy drug market is believed to have the highest growth over the covered forecast period. Rapid expansion of diabetic population, increasing per capita income and major investments in health infrastructure are some of the key factors which are expected to propel the diabetic retinopathy drug market in countries such as India and China over next 4-5 years.

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Japan diabetic retinopathy drug market is also anticipated to witness a burgeoned expansion fuelled by rapid growth of geriatric population in the country.

Key Players

Global diabetic retinopathy market is very competitive and includes some of the top players such as Roche, Moore Drug Company, Regeneron Pharmaceuticals Inc., Bayer Healthcare, ThromboGenics, Actavis PLC, Actavis PLC, Sirnaomics Incorporation, Parexel International Corp., etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia Poland, Rest of Eastern Europe)

Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)

Rest of World

Segmentation

By Type of Drugs

By End Users

By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

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[martynnx-blog]

Cell Culture Market Trends and Growth 2026: Top Players  GE Healthcare, Corning, Inc.

The technique of growing cells outside the human body itself is a significant advancement in scientific research. Cell culture technique has been around since mid-20th century and the field is continuously expanding into various areas of pharmaceutical research and development such as cancer and immunotherapy. Endeavor to improve the drug bioavailability and therapeutic efficacy has led to better research outcomes in cancer and health screening techniques. The ability to develop continuous cell lines has enabled mass production of desired organ cells for research and treatment benefits. Cell culture offers an excellent model system for studying the normal physiology and biochemistry, drug effects and drug screening. Being an exploratory research field, use of reagents, instruments and other consumables is very critical to support its advancements.

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High Investment in research and development by biotechnological companies

Players in the global cell culture market are making major investments in R&D to introduce advanced products used in the cell culture process owing to rise in number of application and better return on investment. Furthermore, companies are inclined towards novel product development. For instance, Biovest International, in 2009, has developed a product named AutovaxID-C, which is expected to reshape the biologic production made in the industry. The product favors the automated cell growth by replacing conventional cell growth chambers that use to acquire a large space in the laboratory. Various other factors such as increasing prevalence of chronic diseases, high importance of tissue or organ replacement with cell culture process, and increasing demand for antibody production are in turn projected to fuel cell culture market growth. Also, rise in prevalence of age-related macular degeneration is expected to underpin the cell culture market growth. Eye conditions such as diabetic retinopathy in tune with rise in number of diabetic patients globally in turn creates a conducive environment for growth of the cell culture market. AMD ranks third with a prevalence of around 8.7% globally in 2015, according to W.H.O.

Key companies covered as a part of this study include Thermo Fisher Scientific, Inc., GE Healthcare, Corning, Inc., Sigma – Aldrich Corporation, VWR International, LLC, Merck KGAA, Becton, Dickinson and Company, Eppendorf AG, Sartorius AG and Lonza Group AG

[lilytaylorsblog]

Contact Lenses Market Share Research 2022: Key Manufacturing Players, Industry and Future Scope, Demand Status, Global Trends and Forecast 2028

Contact Lenses Market 2022

The contact lenses market is growing at a CAGR of 5.97% during the forecast period. Contact lenses constitute an essential component of the global vision care market. The growing adoption of contact lenses for restoring multiple vision dysfunctions, such as myopia, hyperopia, astigmatism, and presbyopia, will promote the growth of the global contact lenses market. The growing focus on the aesthetic look and the popularity of colored contact lenses in the fashion industry will boost the demand for these vision care products in the global market.

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KEY HIGHLIGHTS Technological advances in the manufacturing process of making the product drive growth in the market. For instance, CooperVision has partnered with the plastic bank to develop a “plastic neutral” contact lens. Cooper Vision, one of the key players, has taken the step to produce recycled material-based contact lenses in the market. There is a growing number of people with visual impairments, which will increase further in the forecast period. The growing target population in the contact lenses market due to myopia, the growing elderly population, and the increasing preference for contact lenses over prescription spectacles will drive the market in the near future.

Key Vendors Johnson & Johnson Vision Care The Cooper Companies Alcon Bausch & Lomb

Contact lenses market is segmented on the basis of:

Material

Application

Design

Usage

Distribution Channel

Geography

CONTACT LENSES MARKET SEGMENTATION

Silicone hydrogel contact lenses benefit like they can help minimize risk, including red eyes, swollen corneas, and blurred vision. Some of the factors why silicon hydrogel lenses are preferred are extended wear, continuous wear, increased comfort, and performance.

The changing lifestyle and environmental conditions such as smoking, high exposure to UV rays, pollutants also enhance the number of eye disorders such as refractive error, cataracts, and glaucoma. The increase in the diabetic population also contributes to the rise of eye disorders such as glaucoma, retinopathy, cataracts, temporary blurring of vision. All these factors are expected to boost the demand for corrective contact lenses in the market during the forecast period.

Market Segmentation by Material

Silicone Hydrogel

Hydrogel

Gp/Rgp

Others

Market Segmentation by Application

Corrective

Therapeutic

Cosmetic

Market Segmentation by Design

Spherical

Toric

Multifocal

Market Segmentation by Usage

Daily Disposable

Frequent Replacement

Market Segmentation by Distribution Channel

Retail Stores

Hospital And Eye Care

Online Stores

Complete Report @ https://statisticalinsights.com/main-report/14-Contact-Lenses-Market.php

Continue…

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[healthcare-market]

Retinal Disorders Treatment Market Status and Forecast, by Players, Types and Applications

Retinal Disorders Treatment Market: Introduction

According to the report, the global retinal disorders treatment market was valued at US$ 9.18 Bn in 2019 and is projected to expand at a CAGR of ~7% from 2020 to 2030. Macular degeneration is of two types: wet age-related macular degeneration and dry age-related macular degeneration. Diabetic retinopathy is one of the common diabetic eye disorders characterized by damaged blood vessels in the retina. Damaged blood vessels and nerves lead to vision impairment, blurring of vision, and eye hemorrhage. If left untreated, it could lead to retinal detachment and blindness. In terms of indication, the global retinal disorders treatment market has been classified into macular degeneration, diabetic retinopathy, diabetic macular edema, and others. The macular degeneration segment has been bifurcated into dry macular degeneration and wet macular degeneration. Based on therapeutic class, the global retinal disorders treatment market has been categorized into anti-VEGF agents and others. In terms of dosage form, the global retinal disorders treatment market has been divided into gels, eye solutions, capsules & tablets, eye drops, and ointments.

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Based on distribution channel, the global retinal disorders treatment market has been segregated into hospital pharmacies, retail pharmacies, and online sales. Rise in prevalence of retinal disorders due to increase in geriatric patient population boosts the growth of the global retinal disorders treatment market. The U.S. dominated the global retinal disorders treatment market in 2019, and the trend is anticipated to continue during the forecast period. Well-established healthcare infrastructure and early adoption of advanced technologies are the factors expected to fuel the growth of the market in the region. Moreover, rise in prevalence of various types of retinal disorder leads to increase in demand for treatment.

China is likely to be a highly lucrative market for retinal disorders treatment during the forecast period. Diagnosis and treatment rates have increased due to a rise in disposable income and health awareness. This has led to an increase in the adoption of macular degeneration drugs

Rise in Prevalence of Retinal Disorders Due to Increase in Geriatric Patient Population to Drive Global Market

Age is a prominent risk factor for age-related macular degeneration. The risk of developing advanced age-related macular degeneration increases from 2% in people aged between 50 and 59 to nearly 30% for those over 75. The prevalence of other retinal disorders was 93 million people with diabetic retinopathy, 21 million people diabetic macular edema and 28 million people with vision-threatening diabetic retinopathy. Increase in R&D activities, rise in the number of patients suffering from diseases, and rapid expansion of healthcare and biopharmaceutical industries in developed and developing countries are projected to boost advancements in therapies in the AMD treatment market during the forecast period. For instance, Lucentis and Eylea accounted for 2.8% of total pharmaceutical sales in Canada in 2017.

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Macular Degeneration to Dominate Global Market

In terms of indication, the global retinal disorders treatment market has been divided into macular degeneration, diabetic retinopathy, diabetic macular edema, and others. Macular degeneration has been bifurcated into dry macular degeneration and wet macular degeneration. The macular degeneration segment dominated the market in terms of revenue in 2019. The rise in prevalence of macular degeneration is anticipated to drive the segment during the forecast period. For instance, the number of people living with macular degeneration is expected to reach 196 million globally by 2020 and increase to 288 million by 2040.

Anti-VEGF Agents to be Main Therapeutic Class

Based on therapeutic class, the global retinal disorders treatment market has been categorized into anti-VEGF agents and others. The anti-VEGF agents dominated the global retinal disorders treatment market in 2019. Major market products such as Avastin and Eylea are included in the anti-VEGF drug class. Increase in demand for these products in the treatment of retinal disorders and strong product pipeline are likely to drive the segment. However, the others segment, which includes anti-inflammatory drugs, is projected to expand at the highest CAGR from 2020 to 2030. The increase in the use of anti-inflammatory drugs for pain relief is anticipated to augment the segment.

Eye Solutions to be Preferred Dosage Form

In terms of dosage form, the global retinal disorders treatment market has been divided into gels, eye solutions, capsules & tablets, eye drops, and ointments. The eye solutions segment dominated the global retinal disorders treatment market in 2019. However, the eye drops segment is expected to expand at the highest CAGR during the forecast period. The segment is likely to grow at a rapid pace due to increase in demand for eye drops for treatment of retinal diseases in emerging countries such have China, India, and Brazil.

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Retail Pharmacies to Emerge as Major Distribution Channel

Based on distribution channel, the global retinal disorders treatment market has been segregated into hospital pharmacies, retail pharmacies, and online sales. The retail pharmacies segment dominated the market in terms of revenue in 2019 due to wide network, ease of access, and diverse product offerings, including prescription and OTC ophthalmic drugs. However, the shift toward the use of electronic payment modes is projected to boost the growth of the online sale segment during the forecast period.

U.S. to Dominate Global Market

The global retinal disorders treatment market has been segmented into five major regions/country: the U.S., Europe, China, Russia, and Rest of the World. The U.S. dominated the global market in 2019, followed by Europe. The U.S. accounted for a major share of the global retinal disorders treatment market in 2019. Well-developed healthcare infrastructure, high healthcare expenditure, and adoption of branded drugs to treat retinal disorder disorders are the key factors attributed to the country’s significant share of the global market.

The retinal disorders treatment market in China is anticipated to expand at a high CAGR from 2020 to 2030. There have been significant unmet medical needs in the region. Furthermore, healthcare expenditure is increasing in developing markets. Key players are making investments to establish their operations in China. This, in turn, is projected to augment the market in the country.

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Competition Landscape

Regeneron Pharmaceuticals, Inc., F. Hoffmann-La Roche Ltd., and Novartis AG are the three major companies operating in the global retinal disorders treatment market. The global retinal disorders treatment market is fragmented in terms of number of players. Key players in the global market include Allergan plc, Bayer AG, F. Hoffmann-La Roche Ltd., Graybug Vision, Inc., Kubota Pharmaceutical Holdings Co., Ltd., Novartis AG, Pfizer, Inc., Regeneron Pharmaceuticals, Inc., Santen Pharmaceutical Co., Ltd., and Takeda Pharmaceutical Company Limited. New product development through robust R&D activities and mergers & acquisitions are key strategies adopted by these players to gain a competitive advantage in the global retinal disorders treatment market.

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