Triton’s research report states that the European ophthalmic drugs market is anticipated to grow at a CAGR of 6.25% over the 2023-2030 forecast years. France, Italy, Spain, the United Kingdom, Poland, Germany, and the Rest of Europe are studied in this report.
Germany is experiencing positive growth in the ophthalmic market due to an increase in age-related macular degeneration, cataracts, and other eye disorders. There is a need to develop the technologies for ophthalmic drug therapies to meet its rising demand. The regulatory environment in Germany aims to track the innovations by new market entrants to deliver safe eye care drugs. An awareness regarding patient-free drug delivery is also a factor that contributes positively to the growth of the studied market.
On the other hand, in France, the ophthalmic drugs market is governed by the French National Agency for Medicines and Health Products Safety (ANSM). Their regulatory standards ensure the safe quality, efficacy, and delivery of products. The pharmaceutical companies in France receive huge investments to research and innovate these drugs. An increasing focus on patient-free health consultations and online prescriptions provides an accessible eye-care treatment facility, which influences the demand for ophthalmic drugs.
Competitive Outlook
The notable companies in the ophthalmic drugs market are Genentech Inc, Thea Pharma Inc, Pfizer Inc, Johnson & Johnson, Sun Pharmaceutical Industries Ltd, and Accutome Inc.
1. Europe Ophthalmic Drugs Market - Summary
2. Industry Outlook
2.1. Technology Snapshot
2.2. Impact Analysis On The Ophthalmic Drugs Market
2.2.1. Covid-19 Impact On The Ophthalmic Drugs Market
2.3. Porter’s Five Forces Analysis
2.3.1. Threat Of New Entrants
2.3.2. Threat Of Substitutes
2.3.3. Bargaining Power Of Buyers
2.3.4. Bargaining Power Of Suppliers
2.3.5. Threat Of Competitive Rivalry
2.4. Market Maturity Analysis
2.5. Regulatory Framework
2.6. Key Buying Impact Analysis
2.7. Key Market Strategies
2.7.1. Collaborations
2.7.2. Product Launches
2.7.3. Mergers & Acquisitions
2.8. Market Drivers
2.8.1. Aging Population Vulnerable To Eye Disorders
2.8.2. Progress In Drug Delivery Technologies
2.8.3. Escalating Incidence Of Ocular Diseases
2.8.4. Reimbursement Policies By Healthcare Systems
2.9. Market Challenges
2.9.1. Challenging Timelines For Product Approval
2.9.2. Adverse Effects Associated With Ophthalmic Drug Usage
2.10. Market Opportunities
2.10.1. Surge In Interest Regarding Topically Administered Ophthalmic Drugs
2.10.2. Increase In Approvals For Innovative Ophthalmic Therapies
2.11. Analyst Perspective
3. Europe Ophthalmic Drugs Market – By Type
3.1. Prescription Drugs
3.2. Over-the-counter Drugs
4. Europe Ophthalmic Drugs Market – By Condition
4.1. Dry Eye
4.2. Glaucoma
4.3. Infection/Inflammation/Allergies
4.4. Retinal Disorder
4.4.1. Wet-age Related Macular Degeneration
4.4.2. Dry-age Related Macular Degeneration
4.4.3. Diabetic Retinopathy
4.4.4. Other Retinal Disorders
4.5. Other Conditions
5. Europe Ophthalmic Drugs Market – By Therapeutic Type
5.1. Anti-glaucoma
5.2. Anti-infection
5.3. Anti-inflammatory
5.4. Anti-allergy
5.5. Other Therapeutic Types
6. Europe Ophthalmic Drugs Market – By Delivery Method
6.1. Gels
6.2. Eye Solutions & Suspensions
6.3. Capsules & Tablets
6.4. Eye Drops
6.5. Ointments
7. Europe Ophthalmic Drugs Market – By Channel
7.1. Hospital Pharmacies
7.2. Drug Stores
7.3. Online Pharmacies
7.4. Other Channels
8. Europe Ophthalmic Drugs Market – Country Outlook
8.1. United Kingdom
8.1.1. United Kingdom Ophthalmic Drugs Market Forecast & Prospects