Conjunctivitis Drugs Market delivers a succinct analysis on industry size, regional growth and revenue forecasts for the upcoming years. The report further sheds light on significant challenges and latest growth strategies adopted by manufacturers who are a part of the competitive spectrum of this business domain.
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Market Analysis of Conjunctivitis Drugs –
Conjunctivitis Drugs Market is expected to grow with a CAGR of 2.81% over the forecast period.
The conjunctivitis is an eye related disease especially found and spreads in children. Conjunctiva is a layer of tissues which is transparent and lines the inner surface of the eyelid and covers white part of the eye which becomes red or pink and get swollen in conjunctivitis. It can be caused by bacteria and viruses and get spread easily via person to person but not that much risky for health if get treated properly. A rare but risky conjunctivitis can transmit because of Gonorrhea via bacteria. In adults, Chlamydia can cause this disease. The main reasons behind the disease are bacteria or viruses, fungi, amoebas, parasites, shampoos, dirt, smoke, pool chlorine and some allergic reaction causing factors pollen grains can also transfer conjunctivitis. Some common types of conjunctivitis are viral strains that are most contagious and common, lead to teary eyes and watery discharge.
Global Conjunctivitis Drugs Market report is segmented on the basis of type, drug class, route of administration, end-user and regional & country level. Based upon type, conjunctivitis drugs market is segmented into viral, bacterial, allergic and others. Based on drug class, conjunctivitis drugs market is segmented into antibiotics, mast cell stabilizers, steroids, and others. Based on route of administration, the market is classified into topical, oral, and intra-vitreal. Based upon end-user, conjunctivitis drugs market is segmented into hospitals and self-administered.
The regions covered in this Conjunctivitis Drugs Market report are North America, Europe, Asia-Pacific and Rest of the World. On the basis of country level, the market of Conjunctivitis Drugs is sub divided into U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, South East Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.
Some major key players for Conjunctivitis Drugs market are Akorn Pharmaceuticals, Alcon/ Novartis AG, Allergan Plc, Bausch & Lomb, Valeant Pharmaceuticals, Merck & Co. Inc., Actavis Plc., Pfizer Inc. and others.
Market Dynamics –
Around 5 million cases of bacterial conjunctivitis registered every year. Initiatives are taken by the healthcare institutions to spread awareness among people for the treatment of conjunctivitis in developing and underdeveloped countries increases the demand for conjunctivitis drugs and fosters the market growth. The health conditions of the developing and underdeveloped countries are poor and have lack of awareness which leads to the infectious diseases. Also, the rising focus of healthcare sector on eye care reciprocating in a positive way. The rise in healthcare expenditure and the contagious/ spreading characteristic of the disease are strongly supplement the growth of the drugs market. However, the process of drug making for conjunctivitis is very complicated which may hamper the market growth. Moreover, for viral conjunctivitis no drug is available currently. Powerful investments of pharmaceutical companies and vigorous channels with various drugs in the development process are anticipated to give sufficient growth of the market in upcoming period. Huge investments are running on R&D activeness that are deposited to push the market forward.
Global conjunctivitis drugs market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle east & Africa. North America is anticipated to dominate the global conjunctivitis drugs market owing to the running clinical trials and accessibility & amplified applications of diagnostic test. North America holds the largest share followed by Europe due to their saturated and stagnant nature. About 1% of all primary care office stopovers in US are connected to conjunctivitis which affects nearly 6 million people every year. In Europe, huge patient pool diagnosed with viral conjunctivitis is supplementing the market growth. For example; As per WHO, around 9700 cases of conjunctivitis were registered in 2017 in Europe with the increase in the number of suspected cases considerably with 1680 and 2270 recorded weekly.
Asia-Pacific region is expected to witness a significant growth in the market especially in the countries like India and China due to the growing population, widespread nature of the conjunctivitis and unmet medical needs. According to NCBI, ocular allergies affect nearly 6% to 30% population in Asia-Pacific region.
Key Benefits for Market Report–
- Conjunctivitis Drugs Market report covers in-depth historical and forecast analysis.
- Conjunctivitis Drugs Market research report provides detail information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, Regional and Country Level.
- Conjunctivitis Drugs Market report helps to identify opportunities in marketplace.
- Conjunctivitis Drugs Market report covers extensive analysis of emerging trends and competitive landscape.
By Drug Class:
- Mast cell stabilizers
By Route of Administration:
By Regional & Country Analysis:
- North America
- Asia Pacific
- Southeast Asia
- Latin America
- Middle East and Africa
- Rest of Middle East and Africa
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