(MoneyNewsWire.Net, January 10, 2018 ) According to the report Ophthalmology Therapeutics Market, published by Market Data Forecast, the North America market is projected to reach USD 10.86 billion by 2022, at a CAGR of 6.7% from 2017 to 2022.
Ophthalmology refers to the diagnosis and treatment of various diseases and disorders related to eye. Advancements in Stem cell biology and genetics is making the eye treatment easier.
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Ophthalmology Therapeutics Market: Drivers & Restraints
Increase in geriatric population, growing incidence of visual impairment and rise in disposable income are major factors driving the market growth. Also technological advancement is boosting the industry.
However, stringent regulations, unfavourable reimbursement policies and lack of awareness about various diseases related to ophthalmology are hampering the market growth.
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Ophthalmology Therapeutics Market: Segmentation
• Dry Eye Syndrome
• Diabetic Retinopathy
• Retinal Vein Occlusion
• Age-Related Macular Degeneration (AMD)
• Macular Edema
• Allergic Conjunctivitis
By End User
• Eye Clinics
• Diagnostic Centres
• North America
o United States
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Ophthalmology Therapeutics Market: Overview
Glaucoma segment in the indication category in expected to command the largest share during the forecast period. This segment is expected to have around 30 % of the market share followed by AMD.
North America has the largest market share and is expected to dominate the market during the forecast period.
Ophthalmology Therapeutics Market: Key Players
The Ophthalmology Therapeutics market is highly competitive with a large number of players. Some of the major Companies are Pfizer Inc., Allergan Inc., Alcon Inc., Merck & co. Inc. and Roche Valeant. Other players in the market include Regeneron, Santen, Bayer, Senju, Lpath and Eye Gate Pharmaceuticals
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