An extensive analysis on the market for ophthalmic drug delivery systems has been published by a reputable market research company, revealing significant development prospects in the years to come. The market is anticipated to grow at a stable compound annual growth rate (CAGR) of 6.9% from 2021 to 2031, reaching a valuation of $30,013.7 million.
Ophthalmic illnesses are becoming more common, and this is one of the main factors driving market expansion. The prevalence of eye-related conditions such cataracts, glaucoma, and age-related macular degeneration (AMD) has significantly increased as a result of a growing worldwide population and changing lifestyles. Ophthalmic drug delivery systems, which give focused and controlled medication administration to the ocular surface, are essential for the efficient treatment of various disorders. The market is expanding as a result of the growing need for cutting-edge drug delivery systems to treat ocular illnesses.
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The ophthalmic sector is also being revolutionised by the development of innovative ocular medication delivery methods. Innovative medication delivery methods like sustained-release implants, smart contact lenses, and nano-based formulations have been made possible by technological breakthroughs and inventions. By improving the efficacy and practicality of ocular drug delivery, these technologies guarantee ideal therapeutic results and patient compliance. The market is expanding because to the growing patient and healthcare professional adoption of these cutting-edge delivery technologies.
The increase in ophthalmic treatments requiring careful post-procedural care is a crucial factor driving market expansion. Patients frequently need constant and precise drug delivery following surgical interventions or therapies to ensure optimal healing and recovery. Ophthalmic drug delivery systems make it possible to distribute drugs locally and under controlled conditions, reducing the chance of problems and improving postoperative results. The demand for such devices is rising as more ophthalmic procedures are being conducted globally.
Additionally, the delivery of regulated dose forms for the paediatric and geriatric population is becoming more and more important. Precision dosing is a benefit of ophthalmic drug delivery systems, ensuring correct drug administration to patient populations who are more susceptible to side effects. Market expansion is being driven by the creation of patient-friendly, age-appropriate drug delivery systems that are simple for both young children and the elderly to utilise.
This in-depth market research study offers useful information on current market dynamics, trends, and potential possibilities, enabling stakeholders to make smart commercial decisions in the quickly developing global market for ophthalmic drug delivery systems.
Highlighted with 80 tables and 89 figures, this 196-page report “Global Ophthalmic Drug Delivery System Market 2021-2031 by Product (Syringes, Eyedroppers, Dispensers, Sprayers, Contact Lenses, Inserts, Implants, Plugs), Dosage Form (Solutions, Gels, Ointments, Suspensions, Emulsions, Liposomes & Nanoparticles), Disease (Glaucoma, Diabetic Retinopathy, Cataract, Dry Eye Syndrome, Macular Degeneration, Diabetic Macular Edema, Refractive Issues), Setting (Hospitals, Clinics, Homecare Settings, ASCs, Others), and Region: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire global ophthalmic drug delivery system market and all its sub-segments through extensively detailed classifications. Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2018-2021 and provides forecast from 2022 till 2031 with 2021 as the base year. (Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
- Market Structure
- Growth Drivers
- Restraints and Challenges
- Emerging Product Trends & Market Opportunities
- Porter’s Fiver Forces
The trend and outlook of global market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify global ophthalmic drug delivery system market in every aspect of the classification from perspectives of Product, Dosage Form, Disease, Setting, and Region.
View Report Scope and Latest Developments in the Market: MW Link https://www.marketwatch.com/press-release/ophthalmic-drug-delivery-system-market-2022-size-by-type-and-application-trend-analysis-developing-technologies-growth-and-forecast-to-2032-2023-06-02?mod=search_headline
Based on Product, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Pre-filled Syringes
- Multidose Eyedroppers
- Squeeze Dispensers
- Mist Sprayers
- Contact Lenses
- Ocular Inserts
- Intraocular Implants
- Punctal Plugs
- Other Products
Based on Dosage Form, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Solutions
- Gels
- Ointments
- Suspensions
- Emulsions
- Liposomes & Nanoparticles
By Disease, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Glaucoma
- Diabetic Retinopathy
- Cataract
- Dry Eye Syndrome
- Macular Degeneration
- Diabetic Macular Edema
- Refractive Issues
- Other Diseases
By Setting, the global market is segmented into the following sub-markets with annual revenue ($ mn) for 2021-2031 included in each section.
- Hospitals
- Clinics
- Homecare Settings
- Ambulatory Surgical Centers (ASCs)
- Other Settings
Geographically, the following regions together with the listed national/local markets are fully investigated:
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Netherlands, Rest of Europe; Rest of Europe is further segmented into Russia, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (Israel, UAE，Saudi Arabia, South Africa and Rest of MEA)
For each aforementioned region and country, detailed analysis and data for annual revenue ($ mn) are available for 2021-2031. The breakdown of all regional markets by country and split of each national market by Product, Dosage Form and Setting over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
- Aero Pump GmbH
- Allergan plc.
- AptarGroup, Inc.
- Becton, Dickinson and Company
- Biocorp
- Clearside Biomedical, Inc.
- EyePoint Pharmaceuticals, Inc.
- Gaplast GmbH
- Gerresheimer AG
- Jotteq Inc.
- Kedalion Therapeutics, Inc.
- Mati Therapeutics, Inc.
- Nemera
- Nipro Corporation
- Ocular Therapeutix, Inc.
- Ocumedic, Inc.
- Owen Mumford
- Re-Vana Therapeutics
- Silgan Holdings Inc.
- Terumo Corporation
- Valeant Pharmaceuticals International Inc. (Bausch Health Company)
- West Pharmaceutical Services, Inc.
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