Global Ophthalmic Drug Delivery Devices Market (2021 to 2030) - Focus on Product, Formulation, Sales Channel, End-user and Region - ResearchAndMarkets.com

DUBLIN--(BUSINESS WIRE)--The "Global Ophthalmic Drug Delivery Devices Market: Focus on Product, Formulation, Sales Channel, End User, and 21 Countries - Analysis and Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering.

The global ophthalmic drug delivery devices market report highlights that the market was valued at $295.4 million in 2020 and is expected to reach $537.8 million by the end of 2030. The market is expected to grow at a CAGR of 6.17% during the forecast period from 2021 to 2030.

The scope of the global ophthalmic drug delivery devices market involves various drug delivery devices used in ophthalmic drug delivery. The considered devices include pre-filled syringes, multidose eyedroppers, drug-eluting contact lenses, technology-enabled add-on devices, mist sprayers, squeeze dispensers, and other devices such as tubes and ocular inserts.

Key questions answered in the Global Ophthalmic Drug Delivery Devices Market Report

• What has been the impact of COVID-19 on the global ophthalmic drug delivery devices market?
• What are the key technological trends influencing the global ophthalmic drug delivery devices market, and what is their potential in short-, mid-, and long-term duration?
• What are the key regulations impacting the global ophthalmic drug delivery devices market?
• Who are the key players in the global ophthalmic drug delivery devices market?
• Which key strategy was most extensively used in the global ophthalmic drug delivery devices market?
• What are the key factors influencing the growth of the global ophthalmic drug delivery devices market? What are the major opportunity areas for the companies operating in the market?
• Which product sub-category is projected to witness accelerated growth in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
• Which formulation type is projected to hold the largest share in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
• What are the major sales channels in the global ophthalmic drug delivery devices market, and what is their growth potential during the forecast period 2021-2030?
• Who are the key end users, and what is their respective share in the global ophthalmic drug delivery devices market?
• What are the major key findings for the global ophthalmic drug delivery devices market across various regions?

The factors driving growth include increasing prevalence of ocular disorders, development of novel drug dispensers, integration of digital solutions in ophthalmic drug delivery devices, and regular funding cycles for emerging companies. The restraints for the global ophthalmic drug delivery devices market include high upfront cost of the advanced ophthalmic drug delivery devices and prolonged regulatory approval process. Furthermore, there are various opportunities in the market that hold considerable growth potential. Entry of regional companies in the global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation are the key opportunity areas in the global ophthalmic drug delivery devices market.

Key technology trends such as the sustained drug delivery, connected devices for medication adherence, small molecules for drug delivery, and liquid sprays are anticipated to influence the global ophthalmic drug delivery devices market.

The global ophthalmic drug delivery devices market is in early stages of technology integration. A limited number of patents have been filed in the global market between January 2016-July 2021. According to World Intellectual Property Organisation (WIPO), there were only 148 patents filed pertaining to the global market, with the highest being filed in 2017 (46).

Market Dynamics

Drivers

• Rising Prevalence of Ocular Disorders
• Development of Novel Drug Dispensers
• Integration of Digital Solutions in Ophthalmic Drug Delivery Devices
• Regular Funding Cycles for Emerging Companies

Challenges

• High Upfront Cost of Advanced Ophthalmic Drug Delivery Devices
• Prolonged Regulatory Approval Process

Opportunities

• Entry of Regional Companies in Global Ophthalmic Drug Delivery Devices Market
• Partnerships Between Companies and Ophthalmic Clinics
• Inclusion of Nanotechnology in Ophthalmic Drugs Formulation

Companies Mentioned

• Aero Pump GmbH
• AptarGroup, Inc.
• Bausch Health Companies Inc.
• Becton, Dickinson and Company
• Biocorp
• EyePoint Pharmaceuticals, Inc.
• Gaplast GmbH
• Gerresheimer AG
• Jotteq Inc.
• Kedalion Therapeutics, Inc.
• Mati Therapeutics, Inc.
• Nemera
• Nipro Corporation
• Ocular Therapeutix, Inc.
• Ocumedic, Inc.
• Owen Mumford
• Re-Vana Therapeutics
• Silgan Holdings Inc.
• Terumo Corporation
• West Pharmaceutical Services, Inc.

For more information about this report visit https://www.researchandmarkets.com/r/yuy47h

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