Ophthalmic Drugs Market Size, Share, Forecast 2023
Ophthalmic Drugs market size was around USD 33.2 billion in 2018. It is expected to grow at a CAGR of 5.2% to reach USD 42.78 billion by 2023
(EMAILWIRE.COM, August 28, 2018 ) Market Overview:
In the year 2018 Global Ophthalmic Drugs Market was valued at USD 33.2 billion. By the year 2023, it is predicted to reach USD 42.78billion with pace of 5.2% CAGR.
Ophthalmic drugs are the medication designed for the treatment of eye infections. Ophthalmic drugs are considerably used to treat glaucoma, cataract, diabetic retinopathy, and other ophthalmic diseases.
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Factors affecting market growth:
Increasing geriatric population across the globe. (+)
Technological advancement for manufacturing ophthalmic drugs. (+)
Rising prevalence of eye disorders globally. (+)
Increasing healthcare expenditure. (+)
Introduction of novel ophthalmic drugs and treatment devices. (+)
Increasing R&D activities for the development of ophthalmic drugs. (+)
Growing demand for ophthalmic treatment and drugs among the global population. (+)
Risk of side effects associated with ophthalmic drugs. (-)
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Market Segmentation
The Global Ophthalmic Drugs Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America holds the largest market share in the global ophthalmic drugs market followed by Europe due to presence of well-established healthcare infrastructure, increasing prevalence of eye disorders, and advancement of technologies.
Asia-Pacific is rapidly gaining the market share for ophthalmic drugs market due to rising disposable income, availability of effective treatment methods, increasing of aging population, and improving healthcare facilities which projected to witness fastest growth during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/ophthalmic-drugs-market-5486/
Key players:
Major companies for Global Ophthalmic Drugs Market are Insight Vision Inc., Nidek Co.Ltd, Topcon Corporation, and Ziemer Ophthalmic Systems AG, Carl-Zeiss AG, Ellex Medical Lasers Ltd., Hoya Corporation, Novagali Pharma S A, Abbott Medical Optics, Inc., and Essilor International S.A.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
In the year 2018 Global Ophthalmic Drugs Market was valued at USD 33.2 billion. By the year 2023, it is predicted to reach USD 42.78billion with pace of 5.2% CAGR.
Ophthalmic drugs are the medication designed for the treatment of eye infections. Ophthalmic drugs are considerably used to treat glaucoma, cataract, diabetic retinopathy, and other ophthalmic diseases.
Request Report Sample: https://www.marketdataforecast.com/market-reports/ophthalmic-drugs-market-5486/request-sample
Factors affecting market growth:
Increasing geriatric population across the globe. (+)
Technological advancement for manufacturing ophthalmic drugs. (+)
Rising prevalence of eye disorders globally. (+)
Increasing healthcare expenditure. (+)
Introduction of novel ophthalmic drugs and treatment devices. (+)
Increasing R&D activities for the development of ophthalmic drugs. (+)
Growing demand for ophthalmic treatment and drugs among the global population. (+)
Risk of side effects associated with ophthalmic drugs. (-)
Get your customized report: https://www.marketdataforecast.com/market-reports/ophthalmic-drugs-market-5486/customize-report
Market Segmentation
The Global Ophthalmic Drugs Market is geographically segmented into
North America
Europe
Asia Pacific
Latin America
Middle East and Africa
North America holds the largest market share in the global ophthalmic drugs market followed by Europe due to presence of well-established healthcare infrastructure, increasing prevalence of eye disorders, and advancement of technologies.
Asia-Pacific is rapidly gaining the market share for ophthalmic drugs market due to rising disposable income, availability of effective treatment methods, increasing of aging population, and improving healthcare facilities which projected to witness fastest growth during the forecast period.
Browse full Table of Contents: https://www.marketdataforecast.com/market-reports/ophthalmic-drugs-market-5486/
Key players:
Major companies for Global Ophthalmic Drugs Market are Insight Vision Inc., Nidek Co.Ltd, Topcon Corporation, and Ziemer Ophthalmic Systems AG, Carl-Zeiss AG, Ellex Medical Lasers Ltd., Hoya Corporation, Novagali Pharma S A, Abbott Medical Optics, Inc., and Essilor International S.A.
Contact Info:
Name: Mr. Abhishek Shukla
Email: abhishek@marketdataforecast.com
Organization: MarketDataForecast™
Address: 2nd Floor, Above ICICI Bank,B-44, Rd Number 3, Journalist Colony, Film Nagar, Hyderabad, Telangana 500033, India.
Phone: +1-888-702-9626
Contact Information:
Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
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Market Data Forecast.
Abhishek Shukla
Tel: +1-888-702-9626
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results