Ocular Drug Delivery Technology Market To Witness Heightened Revenue Growth During Forecast Period 2022 – 2031 : FactMR

According to Fact MR’s recent market research, sales of Ocular Drug Delivery Technology to swell at propelled CAGR through 2031, as investment towards expansion of healthcare infrastructure continues rising. The goal of the survey is uncover growth opportunities, key trends, growth drivers, and challenges. It also provides recommendations to assist businesses in preparing for unforeseen challenges.

Focus on improving overall patient care will remain a chief growth driver. Besides this, Ocular Drug Delivery Technology market will continue gaining from increasing willingness among patients and families to spend on advanced healthcare.

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The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Ocular Drug Delivery Technology market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Ocular Drug Delivery Technology

The report offers actionable and valuable market insights of Ocular Drug Delivery Technology. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Ocular Drug Delivery Technology Market across various industries and regions.

This newly published and insightful report sheds light on Market Insights of Ocular Drug Delivery Technology, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Ocular Drug Delivery Technology Market.

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Global Ocular Drug Delivery Technology Market Segmentation

Fact.MR has studied the global ocular drug delivery technology market with detailed segmentation on the basis of technology type, formulation type, disease type, end-user and region.

Technology Type

• Topical
• Ocular Inserts:
  • Non-erodible
  • Erodible
• Iontophoresis
• Intraocular Implants:
  • Biodegradable
  • Non-biodegradable
• In-Situ Gel & Punctal Plugs
• Others

Formulation Type

• Solution
• Suspension
• Emulsion
• Liposomes & Nanoparticles
• Ointment

Disease Type

• Glaucoma
• Diabetic Retinopathy
• Dry Eye Syndrome
• Macular Degeneration
• Diabetic Macular Edema
• Cataract
• Others

End-user

• North America
• Europe
• Asia Pacific
• Latin America000
• Middle East & Africa

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”

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Global Ocular Drug Delivery Technology Market Key Players

The global ocular drug delivery market is consolidated, consisting of a limited number of market players. However, the market is poised to become fragmented, owing to collaboration and acquisition strategies adopted by leading players. The prominent market players are Ocular Therapeutix, Inc., Alimera Sciences, Allergan plc, Valeant Pharmaceuticals International (Bausch Health Company), Inc., and Santen Pharmaceutical Co., Ltd. Specific research and development in ocular drug delivery technologies is an important approach adopted by the leading market players.

Valeant Pharmaceuticals (Bausch & Lomb, Inc.) is a leader in the ocular drug delivery market. It specializes in a number of ophthalmic drugs for a number of conditions. These include glaucoma, conjunctivitis, uveitis and cataracts.

Its brands are Bepreve, Istalol, Besivance, Alrex and Zylet. In 2017, the company announced the introduction of Biotrue ONEday, daily disposable contact lenses for Astigmatism. Another market leader, Santen pharmaceuticals, specializes in corneal and retinal diseases such as Dry Eyes, Uveitis, AMD and Diabetic Retinopathy, and Glaucoma. Its products include Tafluprost, Ciclosporin, Sepetaprost and Carotuximab.

Key Takeaways of Global Ocular Drug Delivery Technology Market Study:

• By technology, topical drug delivery is set to dominate the market, capturing nearly half of the market share. Affordability and introduction of emulsion and suspension forms are attributed as key growth drivers. The topical drugs segment is close behind, expanding 1.4x. The long-term effectiveness and precise drug delivery are important growth drivers.
• By formulation type, solutions are anticipated to capture the majority share, accounting for more than three-fifths of the global ocular drug delivery technology market. High production volume, high-patient compliance and cost-effectiveness are important growth levers.
• By disease type, macular degeneration is set to dominate the global ocular drug delivery technology market. This is followed by diabetic retinopathy. Each segment is poised to account for more than one-fifth of the market share. The rising prevalence of the diseases is the main driver behind the growth of these segments.
• By end-user, hospitals are poised to account for a major chunk of the market. This is attributed to the availability of trained and qualified personnel and well-equipped healthcare facilities. Moreover, technology integration in hospital systems is also set to brighten the growth of the segment.
• By region, North America shall retain market dominance, attributed to the presence of key manufacturers and rising visual impairment cases. A market share of more than half is anticipated for the North American Market. Trailing behind is the Asia-Pacific, anticipated to generate substantial growth opportunities. Advancement of research grants, increasing prevalence of cataract and uveitis and presence of key players shall augment growth. The Asia-Pacific region is set to expand a CAGR of 7.0% in the forecast period.

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