17 June 2019
Visiongain has launched a new pharma report Global Ophthalmic Drugs Market Forecast 2019-2029: Dry Eye, Glaucoma Drugs, Retinal Disorders Drugs and Allergic, Inflammatory & Infective Drugs.
The market for ophthalmic drugs is relatively fragmented with a large number of drugs competing for market shares. We note that there are many drugs within the various sectors of the market that have lost exclusivity in the major markets and have therefore been subjected to generic drug competition. Despite generic penetration, the global market for ophthalmic drugs is a growing one with a hive of activities and multiple products in various stages of development.
The lead analyst of the report commented "The market for ophthalmic drugs is a growing one. Although it is currently dominated by a handful of companies, the market still provides opportunities for companies looking to introduce innovative solutions to meet the chronic needs within the market.
Blockbuster drugs are becoming increasingly few within the market as drugs become more targeted. We note that future growth within ophthalmic drugs will likely be driven by innovation from smaller players, possibly in partnership with one of the major companies in the market. The increased demand for drugs and the efforts going into R&D will benefit these smaller players and help to stimulate their growth over the forecast period. With many targeting eye diseases and conditions where significant unmet treatment needs exist, rapid uptake of these products can be expected."
Leading companies featured in the report include Allergan (Actavis), Bayer, Novartis, Pfizer, Regeneron, Roche, Santen, Senju, Valeant and other companies.
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