The global conjunctivitis market is expected to demonstrate a remarkable growth opportunity, with a valuation of US$ 1825.8 Million by 2022. By 2032, the market is estimated to be worth around US$ 3208.7 million.
Global demand for conjunctivitis is expanding due to rising disease prevalence and improved treatment options. There are several types of conjunctivitis, including allergic conjunctivitis, which causes swelling of the conjunctiva, a tissue covering the white part of the eye.
It is mainly caused by allergens identified in patients, which can be traced back to household dust, grass and tree pollen, animal dander, and chemical odours. There are various treatment options available, including oral medicines, immunotherapy, and ocular drops.
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Key Takeaways
- The global conjunctivitis market is expected to climb over the forecast period due to rapid technological advancement, rising illness prevalence, an ageing population, and increased need for effective treatments. All of the aforementioned factors are driving market expansion.
- According to the FMI analysis, the global conjunctivitis market is expanding at such a rapid pace due to rising air pollution in most cities throughout the world. According to a 2016 study conducted by the National Center for Biotechnology Information (NCBI), the main causes of the onset and severity of allergic conjunctivitis are environmental air pollution and weather variations. The conjunctivitis industry is experiencing strong growth potential as a result of rising noise pollution.
- The conjunctivitis market is predicted to grow from 2022 to 2032, because to visible changes in deteriorating air pollution and changing climatic conditions. These conditions lead to the conjunctiva being sensitive to environmental particles paired with direct contact of the conjunctiva with the external environment.
- Patients and individuals are adopting preventative measures to avoid allergic conjunctivitis, thanks to increased awareness in the healthcare business and medical communities. Furthermore, the advent of sophisticated medical therapy is accelerating the overall growth of the conjunctivitis industry.
- Changing lifestyles and an increase in the number of patients suffering from allergic conjunctivitis are the key factors driving market expansion.
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Competitive Landscape
The prominent players in the market are planning to invest in research and development initiatives to innovate new drugs and therapies for efficiently treating ocular disorders. The recent awareness of ocular allergies has tremendously elevated backed by numerous factors such as faster urbanization and a growing number of allergens.
Key Companies Profiled
- Boehringer Ingelheim GmbH
- Allergan Inc.
- Sanofi-Aventis
- Atopix Therapeutics Ltd.
- Novartis AG, Ocular Therapeutix, Inc.
- Bausch & Lomb Inc.
- Akorn Incorporated.
- Auven Therapeutics
- Sirion Therapeutics, Inc.
- Sun Pharma Advanced Research Company Ltd.,
- Boehringer Ingelheim International GmbH.
- IBA Vision Ophthalmics
- Pfizer Inc.
- Merck & Co., Inc.
- Santen Pharmaceuticals Co. Ltd.
More Insights into the Conjunctivitis Market
North America is expected to have a significant allergic conjunctivitis treatment market share due to the increasing prevalence of allergies and the availability of advanced healthcare infrastructure. The United States is expected to be the leading market in this region due to a high number of allergy cases.
Because of the increasing frequency of allergies in the region, North America is regarded as the largest market. According to a recent survey, roughly 70 to 80 million Americans are affected with ocular allergies. The market is predicted to grow due to increased awareness of ophthalmic allergies in the region.
All of the major key companies are from North America, which results in unique and advanced drug releases, as well as the disease’s robust spread, which are elements contributing to the market’s growth. For the next few years, the United States is predicted to show good growth while maintaining its dominant market position.
Europe is yet another region trailing behind North America. It was responsible for 22% of the global market share in the global conjunctivitis market. Due to the growth of complex medications in the market, Europe has emerged as the second largest regional market, accounting for a significant share of the total market.
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Key Segments of the Conjunctivitis Market
By Type:
- Giant Papillary Conjunctivitis
- Seasonal Allergic Conjunctivitis
- Vernal Keratoconjunctivitis
- Contact Conjunctivitis
- Perennial Conjunctivitis
- Atopic Keratoconjunctivitis
By Treatment:
- Mast Cell Stabilizers
- Decongestant
- Immunotherapy
- Antihistamines
- Non-steroidal Anti-Inflammatory Drugs
- Olopatadine
- Epinastine
- Ointments
- Others
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