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The ophthalmology drugs market is forecasted to achieve exponential growth in the coming few years with a forecast CAGR (compound annual growth rate) of more than 22%, as per The Business Research Company’s market report!

Read More On The Ophthalmology Drugs Market Report 2022 – https://www.thebusinessresearchcompany.com/report/ophthalmology-drugs-global-market-report

The Ophthalmology Drugs Market Size In 2022 And Forecast

The global ophthalmology drugs market is expected to grow from $50.62 billion in 2021 to $56.07 billion in 2022 at a compound annual growth rate (CAGR) of 10.8%. The growth in the market is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The ophthalmology drugs market is expected to reach $127.15 billion in 2026 at a CAGR of 22.7%.

The ophthalmology drugs market consists of sales of ophthalmology drugs and related services by entities (organizations, sole traders and partnerships) that produce ophthalmology drugs to treat eye related diseases.

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Expected Rise In Eye Laser Surgeries Is Driving The Growth Of The Ophthalmology Drugs Market

The number of eye laser procedures rose to 720,000 a year in 2020. A rising number of people going for laser eye surgeries is expected to increase the demand for dry eye medications in the forecast period driving the ophthalmology drugs market.

Competitive Landscape And The Regional Analysis Of The Ophthalmology Drugs Market

Major players in the ophthalmology drugs market are Regeneron Pharmaceuticals, Inc., Novartis AG, AbbVie, Santen Pharmaceutical Co., F. Hoffmann-La Roche Ltd., Bausch Health Companies Inc., Bayer AG, Sumitomo Chemical Co ltd, Mitsubishi Tanabe Pharma Corporation and Horizon Therapeutics plc.

Additionally, as per TBRC’s research – North America was the largest region in the ophthalmology drugs market in 2021 holding the largest market share and The Middle East is expected to be the fastest-growing region in the forecast period.

The Ophthalmology Drugs Global Market Report 2022 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the ophthalmology drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the ophthalmology drugs market.

Developing Ophthalmic Drugs With Anti-Inflammatory Agents – A Key Trend In The Ophthalmology Drugs Market

Drug manufacturers are increasingly developing ophthalmic drugs with anti-inflammatory agents to ease patient treatment for dry eye syndrome. Anti-inflammatory drugs are widely used for the treatment of the inflammation produced by the dry eye syndrome, with the topical corticosteroid drops being the most common therapy.

Ophthalmology Drugs Market Segmentation By The Business Research Company

1) By Type: Antiglaucoma Drugs, Dry Eye Medication, Other Ophthalmological Drugs (Retinal Disorders, Anti-Infectives/Allergy)

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies/ Drug Stores, Others

3) By Route of Administration: Oral, Parenteral, Others

4) By Drug Classification: Branded Drugs, Generic Drugs

5) By Mode of Purchase: Prescription-Based Drugs, Over-The-Counter Drugs

Here Are Some Reports Related To The Ophthalmology Drugs Market –

Antiglaucoma Drugs Global Market Report 2022

Ophthalmology Drugs Global Market Report 2022

Vision Care Devices And Equipment Global Market Report 2022

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