Middle East And Africa Ophthalmic Drugs Market 2023-2030
Market Outlook
Triton’s research report examines that the Middle East and Africa ophthalmic drugs market is expected to rise at 7.17% CAGR in revenue for the forecasted years 2023-2030. The United Arab Emirates (UAE), Saudi Arabia, Turkey, and the Rest of the Middle East & Africa are the countries studied in this report.
Amidst healthcare challenges in South Africa, eye health requires prominent attention due to the rise in conditions like diabetic retinopathy and age-related macular degeneration. The government and health authorities take initiatives to cure and prevent eye diseases. In this regard, the South African Health Products Regulatory Authority (SAHPRA) has major control over the market by regulating the access and quality of ophthalmic drug products. Thus, the demand for these drugs is rising owing to the existing opportunities of providing accessible eye care and specialized treatment to everyone.
Similarly, Saudi Arabia has made recent developments with two companies, Novartis and Roche, to innovate in the ophthalmic drug delivery system. Collaborations with the local healthcare providers also have a positive influence on the studied market. The Saudi Food and Drug Authority (SFDA) is also responsible for setting standards for market entrants to provide high quality and safe ophthalmic drug products.
Competitive Outlook
The key companies listed in the ophthalmic drugs market are Accutome Inc, Genentech Inc, Thea Pharma Inc, AbbVie Inc, Johnson & Johnson, and Novartis AG.
1. Middle East And Africa 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. Middle East And Africa Ophthalmic Drugs Market – By Type
3.1. Prescription Drugs
3.2. Over-the-counter Drugs
4. Middle East And Africa 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. Middle East And Africa 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. Middle East And Africa 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. Middle East And Africa Ophthalmic Drugs Market – By Channel
7.1. Hospital Pharmacies
7.2. Drug Stores
7.3. Online Pharmacies
7.4. Other Channels
8. Middle East And Africa Ophthalmic Drugs Market – Country Outlook
8.1. United Arab Emirates
8.1.1. United Arab Emirates Ophthalmic Drugs Market Forecast & Prospects