Ocular Drug Delivery Technology Market – Growth, Future Prospects and Competitive Analysis, 2017-2025, the global ocular drug delivery technology market was valued at US$ 15,500 Mn in 2016, and is expected to reach US$ 25,697 Mn by 2025, expanding at a CAGR of 5.81% from 2017 to 2025.
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Ocular drug delivery technology market is growing owing to rising prevalence of eye disorders. The complex of eye anatomy makes the treatment to be very challenging, hence innovations in ophthalmic treatment is still emerging with potential benefits. Presently available therapies not proven to be sufficient to treat every possible sites of eye, therefore enhanced product formulation with improved technology became vital. According to the statistics of World Health Organizations, 285 million people are visually impaired across the world and this global burden of eye disorder is increasing with rapidly growing ageing population. WHO has taken an initiative named VISION 2020 to abolish the possible causes of blindness and provide better eye-care infrastructure to make easily accessible eye-care.
The ocular drug delivery technology market is predicted to experience substantial growth due to growing elderly population, increasing medical interventions and increasing prevalence of eye diseases. The increasing adoption of technologically advanced products, healthcare expenditure for R&D to develop innovative products boost up the growth of the ocular drug delivery technology market.
The ocular drug delivery technology market is classified on the basis of technology type and the classifications are of below types:
• Ophthalmic injection/Intravitreal injection
• Ocular insert
• Ocular implant
Topical treatment dominates the overall market of ocular drug delivery technology in terms of technology types.
The ocular drug delivery technology market is further segmented on the basis of indication and the sub-segments are as follows:
• Age related macular degeneration
• Diabetic Retinopathy
• Eye infection
• Dry eyes
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Market Competition Assessment:
The ocular drug delivery technology market currently contains multiple companies having their products marketed. The manufacturers are developing new innovative products and the market is growing due to increasing adoption and accessibilities of these products. The companies include Alimera Sciences, Valeant Pharmaceuticals International, Inc., Ocular Therapeutix, Inc., Allergan, Plc., Clearside Biomedical, EyeGate Pharma, Envisia Therapeutics, Inc., Graybug Vision Inc., and others.
Key Market Movements:
• The rising prevalence of eye disorder, growing ageing population, rising public awareness, increasing number of medical intervention, expanding eye-care set up to reduce global burden of eye diseases, increasing healthcare expenditure for R&D to manufacture newer and innovative products boost up the growth of ocular drug delivery technology market.
Chapter 1 Preface
1.1 Report Description
1.1.1 Purpose of the Report
1.1.2 Target Audience
1.1.3 USP and Key Offerings
1.2 Research Scope
1.3 Research Methodology
1.3.1 Phase I – Secondary Research
1.3.2 Phase II – Primary Research
1.3.3 Phase III – Expert Panel Review
Chapter 2 Executive Summary
2.1 Ocular Drug Delivery Technology Market Portraiture
2.2 Ocular Drug Delivery Technology Market, by Technology Type, 2016 (US$ Mn)
2.3 Ocular Drug Delivery Technology Market, by Indication Type, 2016 (US$ Mn)
2.4 Ocular Drug Delivery Technology Market, by Geography, 2016 (Value %)
Chapter 3 Global Ocular Drug Delivery Technology Market Analysis
3.1 Global Ocular Drug Delivery Technology Market Overview
3.2 Market Dynamics
3.2.1 Market Drivers
3.3 Attractive Investment Proposition
3.4 Competitive Analysis: Global Ocular Drug Delivery Technology Market, 2016 (Value %)
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