Ophthalmic Drugs Market - Forecasts from 2020 to 2025

April 2020 | 120 pages | ID: O168F48726F4EN
Knowledge Sourcing Intelligence LLP

Abstracts

The ophthalmic drugs market is projected to grow at a CAGR of 6.32% to reach US$47.428 billion by 2025, from US$32.267 billion in 2019. Rising cases of serious eye diseases are pushing the pharmaceutical companies to launch better and enhanced drugs to cater to the increasing demand among the patients for better and more effective treatment.

According to the World Health Organisation (WHO) Statistics presented in the Blindness and Vision Impairment 2019, about 2.2 billion people are suffering from vision impairment or blindness. Out of the 2.2 billion, at least 1 billion people suffer from a vision impairment that could be prevented or are not addressed. The majority of the people are over the age of 50 years. Moreover, there is a rise in the prevalence of eye diseases such as Wet AMD, which is a chronic disease that is caused due to the excess of VEGF, a protein that is responsible for promoting the growth of abnormal blood vessels under the macula (which is an area of the retina that aids in the sharp and clear vision). So, when the fluid leaks out of these blood vessels and hinders the vision, then there is a requirement of drugs that inhibit the VEGF and suppress the growth of abnormal blood vessels. In addition, the rise in diseases such as glaucoma in the rising geriatric population is also a factor that is leading to increased demand for ophthalmic products and augmenting the market growth.

The presence of stringent packaging restrictions, which the market players have to strictly and must adhere to, in order to avoid the imposition of penalties

There are stringent measures with regards to the packaging of the ophthalmic products in terms of colored caps and drug labeling. The yellow and blue-capped ophthalmic drugs are to be labeled as B blockers, red-capped ophthalmic drugs are to be labeled as Mydriatics and cycloplegics. There are also green-capped ophthalmic drugs that are to be labeled as Miotics, orange capped are labeled as Carbonic anhydrase inhibitors, brown capped are to be labeled as Anti-infective agents and the gray and pink capped products are to be labeled as Non-Steroidal Anti-Inflammatory Drugs and Steroids respectively.

Major Market Developments

The launch of better-equipped and new and enhanced varieties of ophthalmic drugs in order to cater to the increases cases of serious diseases and rare diseases by existing and new players in different markets is expected to propel the growth of this market in the forecast period.

Some of the examples of the product offerings are as follows:

• Recently in January 2020, Horizon, one of the leading pharmaceutical companies dealing in the provision, announced that their new drug TEPEZZA (teprotumumab-trbw), which has been developed for the treatment of Thyroid Eye Disease (TED) has been approved by the FDA. This disease is a progressive, rare and autoimmune disease, which can be vision threatening and is associated with proptosis (eye bulging) and diplopia (double vision), blurred vision, and pain among other problems. This is a type of a fully human monoclonal antibody (mAb) and a targeted inhibitor of the insulin-like growth factor-1 receptor (IGF-1R), that needs to be provided to the patients once in three weeks, for a total of eight infusions.
• In October 2019, Sun Pharmaceutical Industries Inc., one of the leading pharmaceutical companies, based in India announced that their new ophthalmic drug called “Cequa” has been commercialized. The drug is able to facilitate an increase in the tear production in the patients that are suffering from Keratoconjuncticits Sicca (dry eye), which is an inflammatory disease, that is said to affect around more than 16 million U.S. individuals. The drug was approved in 2018, by the Food and Drug Administration (FDA) and was supposed to launch in around March 2019, but was delayed until October. The drug developed is an improvement to the existing drug Restasis.
• In October 2019, Novartis, one of the leading companies dealing in the provision of healthcare solutions and drug development, announced that they have received an FDA approval for their ophthalmology drug “Beovu” (brolucizumab) injection. This drug has been developed for the purpose of treating wet age-related macular degeneration (AMD). This drug, which has been approved by the FDA is such an anti-VEGF drug that is able to offer both greater fluid resolution in comparison to aflibercept and the ability to maintain eligible patients suffering from the dosing interval of three months, with making a compromise of the efficacy.
• In July 2019, Novartis, one of the leading companies dealing in the provision of healthcare solutions and drug development announced that their drug “Lucentis” (ranibizumab) has been recommended for approval for the treatment of preterm infants with retinopathy of prematurity (ROP) by the Committee for Medical Products for Human Use (CHMP) of the European Medicines Agency (EMA). ROP is a rare eye disease but it is one of the leading causes of childhood blindness.

The North American and European region to hold a considerable share over the forecast period

The North American region is estimated to hold a considerable share over the forecast period, which is attributable to the fact that the pharmaceutical industry is flourishing facilitated by the influx of investments. Moreover, with research and development activities are being carried out to improve and enhance the ophthalmic drugs and provide a boost to the market growth.

OTC drugs are being made easily available by market players, which is going to contribute to the market share of OTC’s over the forecast period

Some of the major market players are involved in the provision of ophthalmic drugs that can be purchased over the counter. Bausch & Lomb and Sentiss provide a range of products such as drops and ointments for eye problems, that is able to provide temporary relief for occasional and frequent users alike.

Solution and suspension is expected to hold a significant share and show considerable growth over the forecast period.

Solution and Suspension ophthalmic products are most commonly used in eye care, as they do not hamper the vision, can be instilled easily and are less likely to cause any complications.

Segmentation:

• By Indication
• Dry Eye
• Glaucoma
• Infection/Inflammation/Allergies
• Retinal Problems
• Others
• By Product type
• OTC Drug
• Prescription Drug
• By Drug Form
• Liquid
• Semi-Solid
• Solid
• By Drug Class
• Anti-Inflammatory
• Anesthetic
• Anti-Allergy
• Others
• By Delivery Method
• Local
• Topical
• Intravitreous
• Sub-conjunctival
• Others
• Systematic
• By Distribution Channel
• Online
• Offline
• By Geography
• North America
• USA
• Canada
• Mexico
• South America
• Brazil
• Argentina
• Others
• Europe
• UK
• Germany
• France
• Spain
• Others
• Middle East and Africa
• Saudi Arabia
• UAE
• Israel
• Others
• Asia Pacific
• Japan
• China
• India
• Others

Contents

1. INTRODUCTION

1.1. Market Definition
1.2. Market Segmentation

2. RESEARCH METHODOLOGY

2.1. Research Data
2.2. Assumptions

3. EXECUTIVE SUMMARY

3.1. Research Highlights

4. MARKET DYNAMICS

4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
  4.3.1. Bargaining Power of Suppliers
  4.3.2. Bargaining Power of Buyers
  4.3.3. Threat of New Entrants
  4.3.4. Threat of Substitutes
  4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis

5. OPHTHALMIC DRUGS MARKET ANALYSIS, BY INDICATION

5.1. Introduction
5.2. Dry Eye
5.3. Glaucoma
5.4. Infection/Inflammation/Allergies
5.5. Retinal Problems
5.6. Others

6. OPHTHALMIC DRUGS MARKET ANALYSIS, BY PRODUCT TYPE

6.1. Introduction
6.2. OTC Drug
6.3. Prescription Drug

7. OPHTHALMIC DRUGS MARKET ANALYSIS, BY DRUG FORM

7.1. Introduction
7.2. Liquid
7.3. Semi-solid
7.4. Solid

8. OPHTHALMIC DRUGS MARKET ANALYSIS, BY DRUG CLASS

8.1. Introduction
8.2. Anti-Inflammatory
8.3. Anesthetic
8.4. Anti-Allergy
8.5. Others

9. OPHTHALMIC DRUGS MARKET ANALYSIS, BY DELIVERY METHOD

9.1. Introduction
9.2. Local
  9.2.1. Topical
  9.2.2. Intravitreous
  9.2.3. Sub-conjunctival
  9.2.4. Others
9.3. Systematic

10. OPHTHALMIC DRUGS MARKET ANALYSIS, BY DISTRIBUTION CHANNEL

10.1. Introduction
10.2. Online
10.3. Offline

11. OPHTHALMIC DRUGS MARKET ANALYSIS, BY GEOGRAPHY

11.1. Introduction
11.2. North America
  11.2.1. North America Ophthalmic Drugs Market, By Indication
  11.2.2. North America Ophthalmic Drugs Market, By Product Type
  11.2.3. North America Ophthalmic Drugs Market, By Drug Form,2019 to 2025
  11.2.4. North America Ophthalmic Drugs Market, By Drug Class
  11.2.5. North America Ophthalmic Drugs Market, By Delivery Method
  11.2.6. North America Ophthalmic Drugs Market, By Distribution Channel
  11.2.7. By Country
    11.2.7.1. United States
    11.2.7.2. Canada
    11.2.7.3. Mexico
11.3. South America
  11.3.1. South America Ophthalmic Drugs Market, By Indication
  11.3.2. South America Ophthalmic Drugs Market, By Product Type
  11.3.3. South America Ophthalmic Drugs Market, By Drug Form,2019 to 2025
  11.3.4. South America Ophthalmic Drugs Market, By Drug Class
  11.3.5. South America Ophthalmic Drugs Market, By Delivery Method
  11.3.6. South America Ophthalmic Drugs Market, By Distribution Channel
  11.3.7. By Country
    11.3.7.1. Brazil
    11.3.7.2. Argentina
    11.3.7.3. Others
11.4. Europe
  11.4.1. Europe Ophthalmic Drugs Market, By Indication
  11.4.2. Europe Ophthalmic Drugs Market, By Product Type
  11.4.3. Europe Ophthalmic Drugs Market, By Drug Form,2019 to 2025
  11.4.4. Europe Ophthalmic Drugs Market, By Drug Class
  11.4.5. Europe Ophthalmic Drugs Market, By Delivery Method
  11.4.6. Europe Ophthalmic Drugs Market, By Distribution Channel
  11.4.7. By Country
    11.4.7.1. UK
    11.4.7.2. Germany
    11.4.7.3. France
    11.4.7.4. Spain
    11.4.7.5. Others
11.5. Middle East and Africa
  11.5.1. Middle East and Africa Ophthalmic Drugs Market, By Indication
  11.5.2. Middle East and Africa Ophthalmic Drugs Market, By Product Type
  11.5.3. Middle East and Africa Ophthalmic Drugs Market, By Drug Form,2019 to 2025
  11.5.4. Middle East and Africa Ophthalmic Drugs Market, By Drug Class
  11.5.5. Middle East and Africa Ophthalmic Drugs Market, By Delivery Method
  11.5.6. Middle East and Africa Ophthalmic Drugs Market, By Distribution Channel
  11.5.7. By Country
    11.5.7.1. Saudi Arabia
    11.5.7.2. United Arab Emirates
    11.5.7.3. Israel
    11.5.7.4. Others
11.6. Asia Pacific
  11.6.1. Asia Pacific Ophthalmic Drugs Market, By Indication
  11.6.2. Asia Pacific Ophthalmic Drugs Market, By Product Type
  11.6.3. Asia Pacific Ophthalmic Drugs Market, By Drug Form,2019 to 2025
  11.6.4. Asia Pacific Ophthalmic Drugs Market, By Drug Class
  11.6.5. Asia Pacific Ophthalmic Drugs Market, By Delivery Method
  11.6.6. Asia Pacific Ophthalmic Drugs Market, By Distribution Channel
  11.6.7. By Country
    11.6.7.1. Japan
    11.6.7.2. China
    11.6.7.3. India
    11.6.7.4. Others

12. COMPETITIVE ENVIRONMENT AND ANALYSIS

12.1. Major Players and Strategy Analysis
12.2. Emerging Players and Market Lucrativeness
12.3. Mergers, Acquisitions, Agreements, and Collaborations
12.4. Vendor Competitiveness Matrix

13. COMPANY PROFILES

13.1. Sun Pharmaceutical Industries, Inc.
13.2. Horizon Therapeutics plc
13.3. ALLERGAN
13.4. Otsuka Pharmaceutical Co., Ltd.
13.5. Alcon Inc.
13.6. Mundipharma International
13.7. F. Hoffmann-La Roche Ltd
13.8. Novartis AG
13.9. Zydus Cadila
13.10. Sentiss Pharma Pvt. Ltd.
13.11. Santen Pharmaceutical Co., Ltd
13.12. Mallinckrodt Pharmaceuticals
13.13. Bausch & Lomb
13.14. Regeneron Pharmaceuticals, Inc.
13.15. Aerie Pharmaceuticals, Inc