The global conjunctivitis market is anticipated to portray a phenomenal growth opportunity by exhibiting a 5.8% CAGR with a valuation of US$ 1825.8 Million by 2022. The market is expected to surpass about US$ 3208.7 Million by 2032.
The increasing prevalence of diseases and novel treatment options is surging the demand for the conjunctivitis market globally. There is a variety of conjunctivitis such as swelling of the conjunctiva, a tissue covering the white porting of the eye, which is called allergic conjunctivitis caused by an allergy.
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It is usually caused due to allergens found in patients which can be traced from household dust, pollen from grass and trees, animal dander, and chemical scents. There are several treatment options, some of which include oral medications, immunotherapy, and eye drops among others.
Key Takeaways
- Due to fast-paced technological advancement, growing disease prevalence, expansion of the geriatric population and increasing demand for effective drugs are making the global conjunctivitis market skyrocket over the estimation period. All the above-mentioned factors are responsible for fueling market growth.
- According to the FMI analysis, the global conjunctivitis market is upscaling at such a lightning-fast speed because of increasing air pollution in most cities across the world. As per a research study conducted in 2016 by the National Center for Biotechnology Information (NCBI) the prominent reasons for the occurrence and worsening of allergic conjunctivitis are ambient air pollution and weather changes. Due to the ever-increasing noise pollution, the conjunctivitis market is witnessing positive growth opportunities.
- Due to visible changes in worsening air pollution and changing weather conditions, the conjunctivitis market is expected to rise during the forecast period from 2022 to 2032. These factors lead to the conjunctiva being sensitive to environmental particles coupled with direct contact of the conjunctiva with the external environment.
- With widespread awareness about allergic conjunctivitis within the healthcare industry and medical communities, patients and individuals are taking precautionary steps to avoid such allergies. Moreover, the introduction of advanced medical treatment is propelling overall growth in the conjunctivitis market.
- Changing lifestyles and an overall surge in the number of patients suffering from allergic conjunctivitis are primary factors boosting the growth of the market.
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Competitive Landscape
The prominent players in the market are planning to invest in research and development initiatives to innovate new drugs and therapies for efficiently treating ocular disorders. The recent awareness of ocular allergies has tremendously elevated backed by numerous factors such as faster urbanization and a growing number of allergens.
Key Companies Profiled
- Boehringer Ingelheim GmbH
- Allergan Inc.
- Sanofi-Aventis
- Atopix Therapeutics Ltd.
- Novartis AG, Ocular Therapeutix, Inc.
- Bausch & Lomb Inc.
- Akorn Incorporated.
- Auven Therapeutics
- Sirion Therapeutics, Inc.
- Sun Pharma Advanced Research Company Ltd.,
- Boehringer Ingelheim International GmbH.
- IBA Vision Ophthalmics
- Pfizer Inc.
- Merck & Co., Inc.
- Santen Pharmaceuticals Co. Ltd.
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Key Segments of the Conjunctivitis Market
By Type:
- Giant Papillary Conjunctivitis
- Seasonal Allergic Conjunctivitis
- Vernal Keratoconjunctivitis
- Contact Conjunctivitis
- Perennial Conjunctivitis
- Atopic Keratoconjunctivitis
By Treatment:
- Mast Cell Stabilizers
- Decongestant
- Immunotherapy
- Antihistamines
- Non-steroidal Anti-Inflammatory Drugs
- Olopatadine
- Epinastine
- Ointments
- Others
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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