The Global Eye Infections Treatment Industry is set to witness an impressive surge, with anticipated revenues reaching US$7.3 billion in 2022 and a robust CAGR of 3.8% projected from 2022 to 2030. By the end of this decade, the market is expected to surpass the US$9.9 billion mark.
This growth can be attributed to the rising caseloads of ocular surgical conditions, including cataracts, glaucoma, age-related macular degeneration (AMD), and diabetic retinopathy. Sedentary lifestyles and an expanding geriatric population have led to an increase in these conditions. In 2021, statistics from the United States revealed that cataracts affected over 24 million Americans aged 40 and above, with approximately half of all Americans aged 75 and above experiencing cataracts. Diabetic retinopathy also impacted nearly 7.7 million Americans aged 40 and above.
Moreover, the demand for eye treatments has seen an upswing, with 48,229 corneal transplants performed in the United States in 2015.
The Eye Infections Treatment Market is witnessing a paradigm shift, driven by demographic trends and a growing need for advanced therapies. This market’s trajectory promises immense potential for investors and stakeholders in the coming years.
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Key Takeaways of Eye Infection Treatment Market Study
- Antibiotics would contribute over 55% of revenue share in the eye infection treatment market owing to their use in treating primary eye infections and post-surgical eye infections.
- Eye drop sales capture over 60% market share in the eye infection treatment market.
- Conjunctivitis would account for a third of eye infection treatment demand through 2030.
- Bacterial infections continue to account for over 3/5th market share.
- Hospitals and retail pharmacies collectively generate over 70% of total returns to shareholders.
- The increasing rate of eye surgeries and rising usage of contact lenses continue to push the North American market. European market would be upheld by the expanding geriatric pool.
Demand for eye infection treatment will continue to receive a strong impetus from increasing awareness about different eye infection types and the availability of treatment, further complemented by technological advancements in ophthalmology.
Development and Licensing Deals with Multiple Commercialization Partners
Technology developers are laying greater emphasis on developing novel ophthalmic formulation technologies and engaging with commercialization partners to license out proprietary ophthalmic technologies.
For instance, Nicox S.A. has licensed out ZERVIATE (cetirizine ophthalmic solution) 0.24% to Eyevance Pharmaceuticals LLC for commercialization of ZERVIATE in the US. SERVICE is the first topical ocular formulation of the antihistamine cetirizine approved for the treatment of ocular itching associated with allergic conjunctivitis. In addition, Ocumension Therapeutics is responsible for all development and commercialization activities in the Chinese market for ZERVIATE.
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Demand for Eye Infection Drugs to Slump Amidst COVID-19 Pandemic
The coronavirus (COVID-19) pandemic has resulted in a widened gap between the supply and demand of eye infection treatments. As such, it has significantly reduced ocular surgery rate on a short-term basis and, in turn, post-operative eye infections.
According to the World Health Organization (WHO), national healthcare resources redirection and utilization to contain the COVID-19 pandemic is expected to delay and reschedule the treatment of non-critical healthcare conditions for a brief period, including eye care services, and ocular surgeries.
Know More About FMI’s Eye Infection Treatment Market Study
Eye infection treatment market, a new study from Future Market Insights, opines on eye infection treatment from 2015 – 2021 and presents demand projections from 2022 – 2030 based on; drug class (antibiotics, antivirals, antifungals, antihistamines, corticosteroids, and glucocorticoids), dosage form (tablet, capsule, ophthalmic ointment, and eye drops), indication (conjunctivitis, keratitis, endophthalmitis, blepharitis, stye or sty (hordeolum), uveitis, cellulitis, and ocular herpes), causative agent (virus, bacteria, fungus, and allergens) and distribution channel (hospital pharmacies, retail pharmacies, online pharmacies, and drug stores) across seven prominent regions.
Key Segments Of Eye Infections Treatment Industry Survey By Drug Class:
- Antibiotics
- Sulfonamides
- Macrolides
- Erythromycin
- Chloramphenicol
- Aminoglycosides
- Fluoroquinolones
- Vancomycin
- Tetracyclines
- Antivirals
- Thymidine-Based Nucleoside Analogues (Trifluridine)
- Thymidine Phosphorylase Inhibitors (Trifluridine)
- Acyclic Nucleoside Analogue of 2’Deoxyguanasine (Ganciclovir)
- Acyclic Guanine Nucleoside Analog (Acyclovir)
- Others
- Antifungals
- Polyenes (Amphotericin B (AMB) And Natamycin (NTM))
- Azoles (Miconazole (MCZ), Econazole (ECZ) And Ketoconazole (KCZ))
- Pyrimidines
- Echinocandins (Caspofungin (CFG) and Micafungin (MFG))
- Others
- Antihistamines
- Corticosteroids
- Glucocorticoids
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By Dosage Form :
- Eye Infections Treatment Tablets
- Eye Infections Treatment Capsules
- Eye Infections Treatment Ophthalmic Ointments
- Eye Infections Treatment Eye Drops
- Others
By Indication :
- Eye Infections Treatment for Conjunctivitis
- Eye Infections Treatment for Keratitis
- Eye Infections Treatment for Endophthalmitis
- Eye Infections Treatment for Blepharitis
- Eye Infections Treatment for Stye or Sty (Hordeolum)
- Eye Infections Treatment for Uveitis
- Eye Infections Treatment for Cellulitis
- Eye Infections Treatment for Ocular Herpes
By Causative Agent :
- Virus
- Bacteria
- Fungus
- Allergens
By Distribution Channels :
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
- Drug Stores
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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