Ophthalmic Drugs Market Poised to Garner Maximum Revenues by 2027
                     New  approaches  for  ocular  drug  delivery  have  expanded  the  horizon  for  ophthalmic
drugmakers. The evolution of new formulations in ophthalmic drugs market is underpinned by
extensive research in pharmaceutical and medicinal sciences on developing better therapeutics
in ophthalmology. In particular, blood-ocular barriers have been widely studied to understand
the efficacy of medicines. The need for expanding the choice in drug administration routes is a
key trend propelling strides in the ophthalmic drugs especially for advanced retinal treatment.
The unmet need in patients with dry eye diseases is a key driver for product development,
observes a market survey on ophthalmic drugs market.
High morbidity of eye disorders worldwide is propelling the need for improved drug delivery
methods in ophthalmic drugs market, helping it to expand at CAGR of 4.1% during 2019 – 2027.
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Increasing  Incidence  of  Complex  Disease  of  Ocular  Surfaces  Drives  Need  for  Advanced
Therapeutics
A number of ocular technologies have come forth that promise to overcome the limitations of
current array of ophthalmic drugs market. This is a key factor propelling research in ophthalmic
drug  delivery  methods.  Notably,  over  the  years,  extensive  research  has  been made in  the
market for improving the approaches in that increase the bioavailability of the drug. This is
crucial  in glaucoma, endophthalmitis, and uveitis, where the efficacy of ophthalmic drugs is
severely limited by poor availability. All these conditions pose a substantial economic burden on
the patient populations, and have been frequent cause of robbing them of vision and other
debilitating diseases.   As a result, ocular drug delivery mechanims are attracting attention of
ophthalmic drugs market players.
Treatment  of  dry  eye disease has  attracted  massive  interest  over  the years.  Evidently,  the
landscape has been shaped by growing body of controlled trials on several topical ophthalmic
drugs. Key criteria of efficacy that are considered in the research are safety, potential allergic
sensitivity, and barrier aspects. Apart from dry eye diseases, microbial keratitis, conjunctivitis,
and Meibomian gland dysfunction are focus areas.
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Topical  Ophthalmic Drugs Witness Extensive Research,  Industry Leans on Boosting Patient
Compliance
Ophthalmic drug makers have focused on the compliance of the patient. In this case, efforts to
reduce frequency of administration have also underpinned the product development avenues
in the ophthalmic drugs market. Two key aspects shape their efforts-- controlling drug release
and  increasing  ocular  bioavailability.  Antibiotic  delivery  in  ophthalmic  drugs  market  has
attracted huge interest.
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Growing  Number  of  Approvals  Especially  in  Biologics  Enriches  Market,  Approval  of  Novel
Ophthalmic Therapeutics Expands Horizon
Over the years, the avenues for commercializing of new products have increased on back of
growing number of approvals of biologics. Further, pioneers in the ophthalmic drugs market are
targeting novel approaches for ocular drug delivery. A case in point is developing in situ gelling
systems.
A  number  of  new  therapeutics  for  managing  retinal  degenerative  diseases  have  hit  the
ophthalmic drugs market. For instance, ophthalmic drugs for progressive retinal diseases are
expected to gain traction in coming few years. Nanotechnology is likely to play a crucial role in
developing novel therapeutics, especially for sight-threatening diseases.
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North America held the major market share in the ophthalmic drugs market in 2018. Advances
in  ocular  therapies  and  relentless  efforts  of  globally  prominent  players  in  the  region  to
overcome  the  existing  limitations  of  drug  delivery  approaches  have  fueled  the  growth
prospects. Europe is also a promising market.
Some of the prominent pharmaceutical companies keen on gaining a stronghold in the market
are Santen Pharmaceutical Co., Ltd., Regeneron Pharmaceuticals, Inc., Pfizer Inc., Novartis AG,
Bayer AG, Allergan, Inc., and Aerie Pharmaceuticals, Inc.
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