Triton’s research report predicts that the North American ophthalmic drugs market is set to attain growth at a CAGR of 6.09% during the 2023-2030 forecast period. Canada and the United States are analyzed in this report.
The United States is witnessing steady growth in the ophthalmic drugs market. An increasing prevalence of eye diseases, advancements in the technology of drug delivery, investments and focus on R&D, and an aging population with poor eye health collectively influence the demand for ophthalmic drugs. Moreover, conditions like glaucoma, age-related macular degeneration (AMD), diabetic retinopathy, and dry eye syndrome led to a rise in the use of ophthalmic drugs.
The ophthalmic drugs market in Canada is on a positive growth trajectory due to a significant improvement in creating alternatives for eye care treatment. Gene therapies, advanced surgical techniques, cell-based therapies, cataract surgery, and laser vision correction are some innovations introduced for curing eye disorders. Additionally, research institutes and pharma companies also participate in developing novel treatments with precision to provide specialized eye care services in hospitals and eye clinics. These factors together contribute to propel the ophthalmic drugs market.
Competitive Outlook
The key companies listed in the ophthalmic drugs market are Johnson & Johnson, Accutome Inc, Regeneron Pharmaceuticals Inc, Genentech Inc, and Bausch Health Companies Inc.
1. North America 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
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. North America Ophthalmic Drugs Market – By Type
3.1. Prescription Drugs
3.2. Over-the-counter Drugs
4. North America 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. North America 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. North America 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. North America Ophthalmic Drugs Market – By Channel
7.1. Hospital Pharmacies
7.2. Drug Stores
7.3. Online Pharmacies
7.4. Other Channels
8. North America Ophthalmic Drugs Market – Country Outlook
8.1. United States
8.1.1. United States Ophthalmic Drugs Market Forecast & Prospects