The global eye drug market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Eye drugs are used for the treatment of eye-related disorders such as infections, diabetic retinopathy, among others. The major factor driving the demand for the global eye drug market during the forecast period is the new product launches across the globe.
For instance, in October 2021, Allergan announced the approval of VUITY (pilocarpine HCl ophthalmic solution) 1.25% from the US Food and Drug Administration (FDA) for the treatment of presbyopia, commonly known as age-related blurry near vision, in adults. Additionally, in September 2021, Samsung Bioepis announced the approval of Byooviz (ranibizumab-nuna) as the first biosimilar to Lucentis (ranibizumab injection) from the US FDA. It is used for the treatment of several eye diseases and conditions, including neovascular (wet) age-related macular degeneration (nAMD).
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Some major players in the market include Allergan plc, Mylan NV, and Bausch & Lomb Co., Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches, to stay competitive in the market. For instance, in January 2022, NovaBay announced the launch of Avenova lubricating eye drops. It is used for the treatment of dry eye symptoms.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
Segment Covered-
- By Type
- By End-User
Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape- Allergan plc, Mylan NV, and Bausch & Lomb Co., Inc., among others.
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Global Eye Drug Market Report by Segment
By Type
- Drops
- Tablets and Capsules
By End-User
- Glaucoma
- Retinal Disease
- Bacterial Infection
- Others
Global Eye Drug Market Report by Region
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East & Africa
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