Ocular Inflammation Treatment Market Size is valued at USD 428.7 Mn in 2023 and is predicted to reach USD 690.4 Mn by the year 2031 at a 6.31% CAGR during the forecast period for 2024-2031.
Ocular inflammation, often known as Uveitis, is managed with antibiotic eye drops, tablets, or immunosuppressive medications. The therapy of ocular inflammation focuses on lowering inflammation, relieving pain, and preventing damage to the tissues. Treatment options encompass the use of corticosteroids (applied topically, taken orally, or administered by injection) to diminish inflammation, nonsteroidal anti-inflammatory medications (NSAIDs) to alleviate both inflammation and discomfort, and immunosuppressive medicines for more severe instances. Air pollution, allergies, hazardous gas releases into the environment, and ultraviolet (UV) radiation exposure can increase ocular inflammation. The distribution and concentration of allergens can be impacted by changes in climatic patterns, which could increase the frequency of allergic reactions and ocular inflammation. Furthermore, the incidence of Uveitis and growing patient awareness are expected to fuel the growth of the ocular inflammation market, as will the usage of innovative treatments.
However, the market growth is hampered by the lack of awareness criteria for the safety and health of the ocular inflammation treatment market and the product's inability to prevent fog in environments with dramatic temperature fluctuations or high ocular inflammation treatment because of the high expense of treatment, the ignorance of ocular inflammation, and the unfavorable side effects of therapies are among the issues that are anticipated to hinder market growth. The worldwide market has been impacted by the COVID-19 pandemic, which resulted in multiple facilities closing to prevent virus transmission to their employees. As a result, the industry's growth may be impeded.
Competitive Landscape
Some Major Key Players In The Ocular Inflammation Treatment Market:
- Bausch Health Companies, Inc.
- Pfizer Inc.
- Novartis AG
- AbbVie, Inc.
- Cipla Inc.
- EyeGate
- Alimera Sciences
- EyePoint Pharmaceuticals, Inc.
- Ocular Therapeutix, Inc.
- Santen Pharmaceutical Co., Ltd.
- Akron Pharma Inc
- Sanofi S.A.
- GlaxoSmithKline plc
- Intas Pharmaceuticals Ltd
- Johnson & Johnson Services Inc.
- Macleods Pharmaceuticals Ltd.
- Merck & Co. Inc.
- Tarsier Pharma
- Other Prominent Players
Market Segmentation:
The ocular inflammation treatment market is segmented based on treatment type, disease type, mode of administration, and distribution channel. The treatment type segment includes corticosteroids, antibiotics, monoclonal antibodies, immunosuppressants, cycloplegic agents, antivirals, antifungals, and analgesics. By disease type, the market is segmented into anterior Uveitis, posterior Uveitis, pan uveitis, intermediate Uveitis, and episcleritis/scleritis. The mode of administration segment comprises topical, injectable, oral, and others. The distribution channel categorises the market into hospital pharmacies, online pharmacies, retail pharmacies, drug stores.
Based On The Treatment Type, The Immunosuppressants Segment Is Accounted As A Major Contributor To The Ocular Inflammation Treatment Market
The immunosuppressant ocular inflammation treatment market is expected to hold a major global market share. Immunosuppressants lower immune function, stopping the body from attacking its own tissues. Due to their remarkable efficacy in treating ocular inflammation associated with autoimmune illnesses, these drugs are often combined with other treatments for better outcomes.
Anterior Uveitis Segment To Witness Growth At A Rapid Rate.
The anterior uveitis sector is significant because to the high occurrence of the ailment among both adults and young individuals. Furthermore, burgeoning research in this domain underscores the correlation between the progression of this particular ailment and the advancing years of an individual. Anterior Uveitis, the most common form of the ailment, is characterized by inflammation of the ocular surface, specifically the iris and the adjacent ciliary body tissue.
In The Region, The North American Ocular Inflammation Treatment Market Holds A Significant Revenue Share.
The North American ocular inflammation treatment market is expected to record the maximum market revenue share in the near future. It can be attributed to the larger target population, the rise in uveitis treatment use, early illness detection, and the abundance of qualified medical personnel. In addition, Asia Pacific is projected to grow rapidly in the global ocular inflammation treatment market due to the increase in uveitis treatment product usage and awareness of uveitis treatment. Additionally, the market growth is rising due to technological developments in the healthcare sector, an increase in the target population, improved healthcare infrastructure, a growing R&D sector, and an increase in healthcare reforms.
Recent Developments:
- In January 2024, Tarsier Pharma received FDA approval through the Special Protocol Assessment (SPA) for the Tarsier-04 Phase 3 Trial of TRS01 Ophthalmic Solution. This study seeks to assess the effectiveness of the treatment of non-infectious veitis, which includes Uveitic glaucoma.
- In Sept 2023, Novartis successfully sold its ophthalmology assets related to the front of the eye to Bausch + Lomb, a multinational corporation specializing in eye health. The transaction was estimated to be worth USD 2.5 billion, consisting of an initial cash payment of 1.75 billion and the possibility of future milestone payments.
Ocular Inflammation Treatment Market Report Scope
|
Report Attribute |
Specifications |
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Market Size Value In 2023 |
USD 428.7 Mn |
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Revenue Forecast In 2031 |
USD 690.4 Mn |
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Growth Rate CAGR |
CAGR of 6.31 % from 2024 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Mn and CAGR from 2024 to 2031 |
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Historic Year |
2019 to 2023 |
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Forecast Year |
2024-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Treatment Type, Disease Type, Mode Of Administration, And Distribution Channel |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico; France; Italy; Spain; Southeast Asia; South Korea |
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Competitive Landscape |
Bausch Health Companies, Inc., Pfizer Inc., Novartis AG, AbbVie, Inc., Cipla Inc., EyeGate, Alimera Sciences, EyePoint Pharmaceuticals, Inc. Ocular Therapeutix, Inc., Santen Pharmaceutical Co., Ltd., Akron Pharma Inc., Sanofi S.A., GlaxoSmithKline plc, Intas Pharmaceuticals Ltd, Johnson & Johnson Services Inc., Macleods Pharmaceuticals Ltd., Merck & Co. Inc., Tarsier Pharma and Other Market Players. |
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Customization Scope |
Free customization report with the procurement of the report and modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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