Eye inflammation treatment market

Q: Which are the prominent regions in the market?

North America is the prominent region in the market. Read more

Eye Inflammation Treatment Market, by Drug Class (Monoclonal Antibodies, Antibiotics, Corticosteroids, Antivirals, Antifungal, Others (Analgesics, etc.)), by Dosage Form (Eye Drops, Tablets, Capsules, Others (Ophthalmic Ointments, etc.)), by Distribution Channels, (Hospital Pharmacies, Retail Pharmacies, Online Pharmacies), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) Size, Share, Outlook, and Opportunity Analysis, 2022 - 2030

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Nov 2022
CMI5362
260 Pages
Excel & Pdf
Pharmaceutical

Summary

Infections, allergies, autoimmune diseases, irritation, injuries, or damage to the eyes, eyelids, or surrounding tissues can cause eye inflammation. Depending on the source of the inflammation, different areas of the eye may be impacted. It is possible for eyes to get inflamed at any age. The kind and severity of the underlying disease, ailment, or condition will determine the duration of the eye inflammation and the course of treatment:

For diagnosis of eye inflammation include examination such as Assessment of vision, Tonometry, A slit-lamp examination, Ophthalmoscopy, etc. Medication for the treatment of eye inflammation include drugs that reduce inflammation such as a corticosteroid, drugs that control spasms, drugs that fight bacteria or viruses such as antibiotics or antivirals, drugs that affect the immune system or destroy cells, etc.

Global Eye Inflammation Treatment Market - Impact of the Coronavirus (COVID-19) Pandemic

The COVID-19 pandemic is expected to hamper growth of the global eye inflammation treatment market, owing to restriction in the supply chain of drugs during the COVID-19 pandemic. For instance, according to data reported by United Nations Office on Drugs and Crime in July 2020, the effective measures taken to control the spread of COVID-19 pandemic has at the end badly affected to drug supply chain. Many countries across the world have reported an overall shortage of many types of drugs at the retail level. Supply chain affected the transport and production of all kind of drugs, which is expected to hamper the market of acute bacterial skin and skin structure infections.

Moreover, a decline in eye disease treatment during COVID-19 is expected to hamper the global eye inflammation treatment market growth. For instance, according to the data published in July 2020, in the Indian Journal of Ophthalmology, the COVID-19 pandemic has a huge negative impact on the working of eye-care hospitals. The lockdown has put a burden on patients, clinicians, staff, and the hospital management. COVID-19 pandemic and government-imposed restrictions have brought financial, logistic, and psychological challenges. This made reduction in visit of patient to eye clinics and hospitals this resulted into decline in eye treatment which is expected to hamper the growth of global eye inflammation treatment market.

The global eye inflammation treatment market is estimated to be valued at US$ 564.4 Mn in 2022 and is expected to exhibit a CAGR of 5.8% over the forecast period (2022-2030)

Figure 1: Global Eye Inflammation Treatment Market Share, (%), Analysis, By Drug Class,

Global Eye Inflammation Treatment Market Key Drivers

Increasing research and development by key market players for the development of new eye inflammation treatment is expected to drive the growth of global eye inflammation treatment market over the forecast period.

Market players are involved in research and development for the development of eye inflammation treatment is expected to drive the growth of global eye inflammation treatment market. For instance, on April 21, 2022, SALVAT, a manufacturer of sterile liquids pharmaceutical products, completed the phase III clinical trials of its ocular corticosteroid with clobetasol for the treatment of inflammation and pain in cataract surgery patients. To commercialize the new corticosteroid globally in the second half of 2023, the company has started the approval application processes with the U.S. Food and Drug Administration (FDA) and the European health authorities.

Increasing product launch by key market players, for the treatment of eye disease is expected to propel the growth of global eye inflammation treatment market, over the forecast period.

Key market players are launching product for the treatment of eye disease is expected to propel the growth of global eye infection treatment market. For instance, on January 10, 2022, NovaBay Pharmaceuticals, Inc., a biopharmaceutical company, announced the launch of its AVENOVA Lubricant Eye drops. These eye drops are formulated to treat dry eye symptoms. Avenova is antimicrobial and uses pure 0.01% Hypochlorous Acid that fight with toxins and inflammation caused by bacteria.

Eye Inflammation Treatment Market Report Coverage

Report Coverage	Details
Base Year:	2021	Market Size in 2022:	US$ 564.4 Mn
Historical Data for:	2018 to 2020	Forecast Period:	2022 to 2030
Forecast Period 2022 to 2030 CAGR:	5.8%	2030 Value Projection:	US$ 888.5 Mn
Geographies covered:	North America: U.S. and Canada Latin America: Brazil, Argentina, Mexico, and Rest of Latin America Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific Middle East: GCC, Israel, and Rest of Middle East Africa: South Africa, North Africa, and Central Africa
Segments covered:	By Drug Class: Monoclonal Antibodies, Antibiotics, Corticosteroids, Antivirals, Antifungal, Others (Analgesics, etc) By Dosage Form: Eye Drops, Tablets, Capsules, Others (Ophthalmic Ointments, etc.) By Distribution Channels: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
Companies covered:	GSK plc., Alcon Laboratories Inc., Merck & Co. Inc., Alimera Sciences, Inc., AbbVie Inc., Teva Pharmaceutical Industries Ltd., Akron Pharma Inc., Intas Pharmaceuticals Ltd., Amgen Inc., Sanofi S.A., Johnson & Johnson Services Inc., Pfizer Inc., Macleods Pharmaceuticals Ltd., Mylan N.V., Bausch Health Companies Inc.
Growth Drivers:	Increasing product launch by key market players for the treatment of eye inflammation disease Increasing product approvals by the regulatory authorities Increasing research and development by key market players for production of new treatment for eye disease
Restraints & Challenges:	Side effects associated with the use of eye anti-inflammatory drugs Challenging manufacturing process

Global Eye Inflammation Treatment Market – Restraints

The side effects associated with the use of eye anti-inflammatory drugs is expected to hamper the growth of global eye inflammation treatment market. For instance, according to data published on July 01, 2022, by Mayo Foundation for Medical Education and Research, an academic medical center, eye anti-inflammatory drugs may sometime have side effects such as blurred vision or other change in vision, fever or chills, pain, bleeding in the eye, etc. which can become worse while using drugs. These side effects may stop during the treatment as body adjusts to the drugs or side effects can become worse which needed doctor attention.

Moreover, challenging manufacturing process is also expected to limit the market growth. Eye care product needs unique manufacturing process for making the product appropriately aligned with the GMP regulations for sterile products. Since the formulations are prone to get affected by the pathogens available in the environment, they are formulated under highly protected area.

Global Eye Inflammation Treatment Market – Regional Analysis

On the basis of region, the global eye inflammation treatment market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa

Among regions, North America eye inflammation treatment market is expected to hold a dominant position during the forecast period, owing to increasing product approvals by regulatory authorities. For instance, on February 02, 2022, the U.S. Food and Drug Administration has approved the first generic version of Restasis, a cyclosporine ophthalmic emulsion, 0.05% single-use vials eye drops planned to boost tear production in patients whose tear production is thought to be suppressed because of ocular inflammation linked to keratoconjunctivitis sicca, a dry eye condition.

Furthermore, Europe is also estimated to witness significant growth in the global eye inflammation treatment market, owing to increasing recommendation by regulatory bodies of marketing of eye disease treatment drugs in Europe. For instance, in May 2017, The European Medicines Agency has recommended granting a marketing authorisation in the European Union for Oxervate, a cenegermin for the treatment of moderate or severe neurotrophic keratitis, an unusual eye disease that can lead to loss of sight.

Figure 2: Global Eye Inflammation Treatment Market (US$ Mn), by Region, 2022

Global Eye Inflammation Treatment Market – Competitive Landscape

Major players operating in the global eye Inflammation treatment market include GSK plc., Alcon Laboratories Inc., Merck & Co. Inc., Alimera Sciences, Inc., AbbVie Inc., Teva Pharmaceutical Industries Ltd., Akron Pharma Inc., Intas Pharmaceuticals Ltd., Amgen Inc., Sanofi S.A., Johnson & Johnson Services Inc., Pfizer Inc., Macleods Pharmaceuticals Ltd., Mylan N.V., Bausch Health Companies Inc.

Table of Content

Table of Contents

*Browse 31 market data tables and 41 figures on "Global Eye Inflammation Treatment Market” - Forecast to 2030.

Segmentation

Detailed Segmentation:

- Frequently Asked Questions -

What will be the compound annual growth rate (CAGR) for the global eye inflammation treatment market during the forecast period (2022-2030)?

Global eye inflammation treatment market is expected to exhibit a CAGR of 5.8% during the forecast period (2022-2030).

What is the estimated market size of the market in 2022?

The market is estimated to be valued at US$ 564.4 Mn in 2022.

Which are the prominent players operating in the treatment market across the globe?

GSK plc., Alcon Laboratories Inc., Merck & Co. Inc., Alimera Sciences, Inc., AbbVie Inc., Teva Pharmaceutical Industries Ltd., Akron Pharma Inc., Intas Pharmaceuticals Ltd., Amgen Inc., Sanofi S.A., Johnson & Johnson Services Inc., Pfizer Inc., Macleods Pharmaceuticals Ltd., Mylan N.V., Bausch Health Companies Inc. are some of the prominent players operating in the market.

What are the growth estimates for the market till 2030?

The market is expected to be valued at US$ 888.5 Mn in 2030.

Which are the prominent regions in the market?

North America is the prominent region in the market.

Which is the prominent segment among the drug class segment, in the market?

Monoclonal Antibodies is the prominent segment among the drug class segment in the market.