North America Ophthalmic Drugs Market Research Report - Segmented By Therapeutic Class, Product Type, Distribution Channel, Disease Indication, Dosage Form, Technology and Country (the United States, Canada and Rest of North America) - Industry Analysis on Size, Share, Trends, COVID-19 Impact & Growth Forecast (2022 to 2027)
North America Ophthalmic Drugs Market Size (2022 to 2027)
As per our research report, the North America Ophthalmic Drugs market was valued at around USD 12.17 billion in 2022. It is further expected to grow at a CAGR of 4.7% to reach USD 15.31 billion by 2027. It captures 35% of the global market.
The growth of the North American ophthalmic drugs market is projected to be fuelled by the increase in the prevalence of eye disorders and eye infections among people, increasing healthcare expenditure; therefore, the majority of people over 65 ages suffer from eye diseases such as cataracts, diabetic retinopathy, glaucoma, and many more diseases, thus, increase in the disorders is leading to raise the demand for the drugs and the treatments that improve the market growth.
On the other hand, the growing population with the rise in the elderly growing population as the percentage of the elderly population present in Canada and U.S. is 18 percent, and 19.9 percent respectively are significantly contributing the ophthalmic drugs market. In addition, the increase in the new innovations and advancements in the technology in ophthalmology for the production of drugs and other medications to treat eye infections is expected to propel the market growth. Also, the growing trend and the popularity among the people for adoption spectacles and contact lenses positively impact the market growth.
Furthermore, the ophthalmic devices market is very competitive within the market players in which few major players dominate the market by the introduction of the new product in the market by adopting various market strategies such as mergers, acquisition, and collaboration are the factors that are driving the growth of the ophthalmic drugs market. Moreover, rise in the initiatives and fundings from the government and non-government firms in research activity for the development of the drugs as well as the increase in the awareness and importance of the visual impairment among the people for controlling the injuries and infections related to the eye are projected to fuel the market growth of the ophthalmic drugs.
However, an increase in the high costs of the ophthalmic devices and the treatment due to the side effects of the ophthalmic drugs, such as itchiness in or around the eye, limits the market's growth. Also, due to the lack of awareness among the people about the visual impairment with strict rules and regulations and the approval process for the drug approval, these processes consume lots of time. Therefore, the procedures are very tedious, which makes the entry of the product very difficult.
This research report on the North American ophthalmic drugs market has been segmented and sub-segmented into the following categories.
By Therapeutic Class:
- Anti-inflammatory Drugs
- Nonsteroidal Anti-inflammatory Drugs
- Steroids
- Anti-infective Drugs
- Anti-fungal Drugs
- Anti-bacterial Drugs
- Others
- Anti-glaucoma Drugs
- Alpha Agonist
- Beta-Blockers
- Prostaglandin Analogs
- Combined Medication
- Others
- Anti-allergy Drugs
- Anti-VEGF Agents
- Others
By Product Type:
- Prescription Drugs
- Over-the-Counter Drugs
By Distribution Channel:
- Hospital Pharmacies
- Online Pharmacies
- Independent Pharmacies & Drug Stores
By Disease Indications:
- Dry Eye
- Glaucoma
- Infection/Inflammation
- Retinal Disorders
- Wet Age-related Macular Degeneration
- Dry Age-related Macular Degeneration
- Diabetic Retinopathy
- Others
- Allergy
- Uveitis
- Others
By Dosage Form:
- Liquid Ophthalmic Drug Forms
- Solid Ophthalmic Drug Forms
- Semisolid Ophthalmic Drug Forms
- Multi-compartment Drug Delivery Systems
- Other Ophthalmic Drug Forms
By Technology:
- Biologics
- Cell Therapy
- Gene Therapy
- Drug Delivery
- Small molecule
- Others
By Country:
- The United States
- Canada
- Rest of North America
Geographically, North America held the largest share in the global ophthalmic drugs market in 2020, and it is estimated to register significant growth during the forecast period. The regional market growth is attributed to the proliferation of chronic diseases and the rising prevalence of ophthalmic diseases among people in this region. Also, the availability of advanced healthcare facilities, favorable reimbursement policies, and growing healthcare spending contribute to the regional market growth.
The U.S. ophthalmic drugs market is anticipated to hold a significant share in the North American ophthalmic drugs market during the forecast period. The market growth is expected to be driven by the increase in the new developments and innovations in the technology and an increase in the initiatives and raising awareness among the people about visual impairment.
The Canadian ophthalmic drugs market is predicted to register a healthy CAGR during the forecast period. In Canada, it is estimated that more the 5.50 million have an eye disease, and 5.59 million Canadians have lost eyesight. According to the national institute of health moreover, 14 million people are visually impaired. In addition, more than 11 million have uncorrected visual impairments, which resulted in the higher adoption of ophthalmic drugs and treatments, driving the market growth.
KEY MARKET PLAYERS:
Companies playing a dominant role in the North America Ophthalmic Drugs Market profiled in this report are Carl-Zeiss AG, Ellex Medical Lasers Ltd., Hoya Corporation, Novagali Pharma S A, Abbott Medical Optics, Inc., Essilor International S.A. Other players in the market include Insight Vision Inc., Nidek Co.Ltd, Topcon Corporation, and Ziemer Ophthalmic Systems AG.
1.Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Therapeutic Class
5.1.1 Introduction
5.1.2 Anti-inflammatory Drugs
5.1.2.1 Nonsteroidal Anti-inflammatory Drugs
5.1.2.2 Steroids
5.1.3 Anti-infective Drugs
5.1.3.1 Anti-fungal Drugs
5.1.3.2 Anti-bacterial Drugs
5.1.3.3 Others
5.1.4 Anti-glaucoma Drugs
5.1.4.1 Alpha Agonist
5.1.4.2 Beta Blockers
5.1.4.3 Prostaglandin Analogs
5.1.4.4 Combined Medication
5.1.4.5 Others
5.1.5 Anti-allergy Drugs
5.1.6 Anti-VEGF Agents
5.1.7 Others
5.1.8 Y-o-Y Growth Analysis, By Therapeutic Class
5.1.9 Market Attractiveness Analysis, By Therapeutic Class
5.1.10 Market Share Analysis, By Therapeutic Class
5.2 Product Type
5.2.1 Introduction
5.2.2 Prescription Drugs
5.2.3 Over-the-Counter Drugs
5.2.4 Y-o-Y Growth Analysis, By Product Type
5.2.5 Market Attractiveness Analysis, By Product Type
5.2.6 Market Share Analysis, By Product Type
5.3 Distribution Channel
5.3.1 Introduction
5.3.2 Hospital Pharmacies
5.3.3 Online Pharmacies
5.3.4 Independent Pharmacies & Drug Stores
5.3.5 Y-o-Y Growth Analysis, By Distribution Channel
5.3.6 Market Attractiveness Analysis, By Distribution Channel
5.3.7 Market Share Analysis, By Distribution Channel
5.4 Disease Indications
5.4.1 Introduction
5.4.2 Dry Eye
5.4.3 Glaucoma
5.4.4 Infection/Inflammation
5.4.5 Retinal Disorders
5.4.5.1 Wet Age-related Macular Degeneration
5.4.5.2 Dry Age-related Macular Degeneration
5.4.5.3 Diabetic Retinopathy
5.4.5.4 Others
5.4.6 Allergy
5.4.7 Uveitis
5.4.8 Others
5.4.9 Y-o-Y Growth Analysis, By Disease Indications
5.4.10 Market Attractiveness Analysis, By Disease Indications
5.4.11 Market Share Analysis, By Disease Indications
5.5 Dosage Form
5.5.1 Introduction
5.5.2 Liquid Ophthalmic Drug Forms
5.5.3 Solid Ophthalmic Drug Forms
5.5.4 Semisolid Ophthalmic Drug Forms
5.5.5 Multicompartment Drug Delivery Systems
5.5.6 Other Ophthalmic Drug Forms
5.5.7 Y-o-Y Growth Analysis, By Dosage Form
5.5.8 Market Attractiveness Analysis, By Dosage Form
5.5.9 Market Share Analysis, By Dosage Form
5.6 Technology
5.6.1 Introduction
5.6.2 Biologics
5.6.3 Cell Therapy
5.6.4 Gene Therapy
5.6.5 Drug Delivery
5.6.6 Small molecule
5.6.7 Others
5.6.8 Y-o-Y Growth Analysis, By Technology
5.6.9 Market Attractiveness Analysis, By Technology
5.6.10 Market Share Analysis, By Technology
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Therapeutic Class
6.1.3.3 By Product Type
6.1.3.4 By Distribution Channel
6.1.3.5 By Disease Indication
6.1.3.6 By Dosage Form
6.1.3.7 By Technology
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Therapeutic Class
6.1.4.3 By Product Type
6.1.4.4 By Distribution Channel
6.1.4.5 By Disease Indication
6.1.4.6 By Dosage Form
6.1.4.7 By Technology
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Therapeutic Class
6.1.5.3 By Product Type
6.1.5.4 By Distribution Channel
6.1.5.5 By Disease Indication
6.1.5.6 By Dosage Form
6.1.5.7 By Technology
6.2 United States
6.3 Canada
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Abbott Medical Optics, Inc.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT analysis
8.1.6 Analyst View
8.2 Carl-Zeiss AG
8.3 Ellex Medical Lasers Ltd.
8.4 Essilor International S.A.
8.5 Hoya Corporation
8.6 Insight Vision Inc.
8.7 Nidek Co.Ltd
8.8 Novagali Pharma S A
8.9 Topcon Corporation
8.10 Ziemer Ophthalmic Systems AG.
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
- North America Ophthalmic Drugs Market, By Disease Indication, From 2022 - 2027 (USD Billion)
- North America Dry Eye Market, By Region, From 2022 - 2027 (USD Billion)
- North America Glaucoma Market, By Region, From 2022 - 2027 (USD Billion)
- North America Infection/Inflammation Market, By Region, From 2022 - 2027 (USD Billion)
- North America Retinal Disorders Market, By Region, From 2022 - 2027 (USD Billion)
- North America Allergy Market, By Region, From 2022 - 2027 (USD Billion)
- North America Uveitis Market, By Region, From 2022 - 2027 (USD Billion)
- North America Others Market, By Region, From 2022 - 2027 (USD Billion)
- North America Ophthalmic Drugs Market, By Therapeutic Class, From 2022 - 2027 (USD Billion)
- North America Anti-inflammatory Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Anti-infective Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Anti-glaucoma Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Anti-allergy Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Anti-VEGF Agents Market, By Region, From 2022 - 2027 (USD Billion)
- North America Others Market, By Region, From 2022 - 2027 (USD Billion)
- North America Ophthalmic Drugs Market, By Product Type, From 2022 - 2027 (USD Billion)
- North America Prescription Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Over-the-Counter Drugs Market, By Region, From 2022 - 2027 (USD Billion)
- North America Ophthalmic Drugs Market, By Distribution Channel, From 2022 - 2027 (USD Billion)
- North America Hospital Pharmacies Market, By Region, From 2022 - 2027 (USD Billion)
- North America Online Pharmacies Market, By Region, From 2022 - 2027 (USD Billion)
- North America Independent Pharmacies & Drug Stores Market, By Region, From 2022 - 2027 (USD Billion)
- North America Ophthalmic Drugs Market, By Dosage Form, From 2022 - 2027 (USD Billion)
- North America Liquid Ophthalmic Drug Forms Market, By Region, From 2022 - 2027 (USD Billion)
- North America Solid Ophthalmic Drug Forms Market, By Region, From 2022 - 2027 (USD Billion)
- North America Semisolid Ophthalmic Drug Forms Market, By Region, From 2022 - 2027 (USD Billion)
- North America Multicompartment Drug Delivery Systems Market, By Region, From 2022 - 2027 (USD Billion)
- North America Other Ophthalmic Drug Forms Market, By Region, From 2022 - 2027 (USD Billion)
- North America Ophthalmic Drugs Market, By Technology, From 2022 - 2027 (USD Billion)
- North America Biologics Market, By Region, From 2022 - 2027 (USD Billion)
- North America Cell Therapy Market, By Region, From 2022 - 2027 (USD Billion)
- North America Gene Therapy Market, By Region, From 2022 - 2027 (USD Billion)
- North America Drug Delivery Market, By Region, From 2022 - 2027 (USD Billion)
- North America Small molecule Market, By Region, From 2022 - 2027 (USD Billion)
- North America Others Market, By Region, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Disease Indication, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Therapeutic Class, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Product Type, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Distribution Channel, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Dosage Form, From 2022 - 2027 (USD Billion)
- United States Ophthalmic Drugs Market, By Technology, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Disease Indication, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Therapeutic Class, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Product Type, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Distribution Channel, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Dosage Form, From 2022 - 2027 (USD Billion)
- Canada Ophthalmic Drugs Market, By Technology, From 2022 - 2027 (USD Billion)
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