Market Research Reports

Ophthalmic Drugs Market (Dry eye, Anti-glaucoma, Anti-allergy/inflammatory/infective, Retinal Drugs) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast, 2013 - 2018

72pages
Published Date: 2014-01-24
 

Description


The ophthalmic drugs market is primarily driven by growing prevalence of eye disorders, especially among the geriatric population. The research report identifies and tracks the various forces that govern the ophthalmic drugs market and analyzes their impact on the global and regional market.

The report studies demand and supply trends affecting the numerous segments of the ophthalmic drugs market. Along with a detailed segmentation of products, applications, and geographical regions, the research report also offers accurate historic, current and projection figures of the worldwide ophthalmic drugs market.

With the help of market research tools such as Porter’s five forces, SWOT analysis, value chain, and market attractiveness analysis, the report assesses the power and role of various elements within the ophthalmic drugs market such as buyers, suppliers, new entrants, and substitutes. 

Overview of the global ophthalmic drugs market

The ophthalmic drugs market can be segmented on the basis of geography and treatment drugs. Geographically, the ophthalmic drugs market is divided into North America, Europe, Asia-Pacific, and Rest of the World. North America leads the global ophthalmic drugs market, followed by Europe, owing to the increasing support from the government, technological advances, and presence of major industry participants. Asia-Pacific is one of the key markets for ophthalmic drugs due to growing patient pool, increase in healthcare expenditure, and infrastructure in emerging economies such as China and India, and rising disposable income. 

On the basis of treatment drugs, the ophthalmic drugs market is segmented into retinal drugs, dry eye drugs, anti-glaucoma drugs, and ophthalmic inflammatory/anti-allergy/infective drugs. Of these, the anti-glaucoma drugs segment dominated the ophthalmic drugs market in terms of treatment drugs and is projected to register the highest growth rate during the forecast period.

Factors that restrain the growth of the ophthalmic drugs market include absence of healthcare insurance in developing countries, waning number of pipeline ophthalmic drugs, lack of awareness regarding eye disorders, and patent expiration of major ophthalmic drugs. 

According to the report, the global ophthalmic drugs market and is expected to grow at a CAGR of 5.2% during 2013 to 2018 period.

Companies mentioned in the research report 

The report on the global ophthalmic drugs market offers a detailed evaluation of the competitive landscape. Identifying and assessing prominent participants of the ophthalmic drugs market, the report provides in-depth insights on the competitors in terms of company overview, financial standing, product portfolio, recent developments, trends, company size and volume, industry share and contribution, and SWOT analysis. Some of the leading vendors in the ophthalmic drugs market include Santen Pharmaceutical Co. Ltd., Roche Holding AG, Merck & Co. Inc., Allergan Inc., Pfizer Inc., and Novartis International AG.

Novartis dominated the worldwide market for ophthalmic drugs in 2012, accounting for 24% of the global industry share.

Major geographies analyzed under this research report are: 
  • EMEA
  • North America 
  • Asia-Pacific 
  • Rest of the World 
This report gives you access to decisive data such as:
  • Market growth drivers 
  • Factors limiting market growth
  • Current market trends 
  • Market structure
  • Market projections for the coming years 
Key highlights of this report
  • Overview of key market forces propelling and restraining market growth 
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors 
  • An array of graphics and SWOT analysis of major industry segments 
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis 
  • Offers a clear understanding of the competitive landscape and key product segments

Table of Contents



Chapter 1 Preface 8
1.1 Report Description 8
1.2 Research Methodology 8

Chapter 2 Executive Summary 10

Chapter 3 Ophthalmic Drugs – Industry Analysis 11
3.1 Introduction 11
3.2 Market Drivers and Opportunities 11
      3.2.1 Increasing prevalence of eye disorders 12
      3.2.2 Global aging population 12
      3.2.3 Rising government initiatives towards healthcare infrastructure in developing countries 13
      3.2.4 Technological changes in drug delivery techniques 14
      3.2.5 Increasing prevalence of lifestyle associated diseases 14
3.3 Restraints and Challenges 15
      3.3.1 Lack of awareness among people regarding eye disorders 15
      3.3.2 Drying pipeline of ophthalmic drugs 15
      3.3.3 Patent expiration of blockbuster ophthalmic drugs 16
      3.3.4 Absence of health insurance in developing countries 16

Chapter 4 Ophthalmic Drugs Market Trends 18
4.1 Increased focus on combination therapy 18
4.2 Increasing mergers and acquisitions contribute to the growth of ophthalmic drugs market 18

Chapter 5 Porter’s Five Force Analysis 20
5.1 Bargaining power of buyers 20
5.2 Bargaining power of suppliers 21
5.3 Threat of new entrants 21
5.4 Threat from substitutes 21
5.5 Degree of competition 21

Chapter 6 Global Market Size and Forecast 22

Chapter 7 Ophthalmic Drugs Market – Treatment Drugs 25
7.1 Dry eye drugs 25
      7.1.1 Existing 25
      7.1.2 Pipeline 26
7.2 Retinal drugs 27
      7.2.1 Existing 27
      7.2.2 Pipeline 28
7.3 Ophthalmic anti-allergy/ inflammatory/ infective drugs 29
      7.3.1 Existing 29
      7.3.2 Pipeline 30
7.4 Anti-glaucoma drugs 31
      7.4.1 Existing 31
      7.4.2 Pipeline 32

Chapter 8 Ophthalmic Drugs Market: Regional Analysis 34
8.1 Scenario in North America 34
      8.1.1 Scenario in the US 36
8.2 Scenario in Europe 38
      8.2.1 Scenario in France 41
      8.2.2 Scenario in Germany 42
      8.2.3 Scenario in the UK 44
8.3 Scenario in Asia Pacific 46
      8.3.1 Scenario in India 49
      8.3.2 Scenario in China 50
      8.3.3 Scenario in Japan 52

Chapter 9 Prescription vs. Over the Counter Drugs 55

Chapter 10 Competitive Landscape 57

Chapter 11 Company Profiles 62
11.1 Santen Pharmaceutical 62
      11.1.1 Overview 62
      11.1.2 Products and segments 62
      11.1.3 Financial Performance 62
11.2 Pfizer 63
      11.2.1 Overview 63
      11.2.2 Products & Segments 63
      11.2.3 Financial Performance 63
11.3 Novartis 64
      11.3.1 Overview 64
      11.3.2 Products & Segments 64
      11.3.3 Financial Performance 65
11.4 Merck 66
      11.4.1 Overview 66
      11.4.2 Products & Segments 66
      11.4.3 Financial Performance 66
11.5 Roche 68
      11.5.1 Overview 68
      11.5.2 Products & Segments 68
      11.5.3 Financial Performance 68
11.6 Allergan 70
      11.6.1 Overview 70
      11.6.2 Products & Segments 70
      11.6.3 Financial Performance 70

List of Figures 

FIG. 1 Profiles of aging population in major countries (%, 2000-2050) 13
FIG. 2 Global ophthalmic drugs market: Porter’s five force analysis 20
FIG. 3 Key players market share in the global ophthalmic drugs market in 2012 57
FIG. 4 Ophthalmic drugs market strategic developments (2011-2013) 58

List of Tables

TABLE 1 Drivers for ophthalmic drugs market: Impact analysis 11
TABLE 2 Global data on visual impairment, by region (million, 2002 and 2010) 12
TABLE 3 Restraints for ophthalmic drugs market: Impact analysis 15
TABLE 4 Out of pocket expenditure of developing and developed countries 17
TABLE 5 Major combination therapy drugs worldwide 18
TABLE 6 Major merger and acquisitions in the ophthalmic drug market 19
TABLE 7 Global Ophthalmic drugs market size, by geography 2008-2012 (USD million) 22
TABLE 8 Global Ophthalmic drugs market size, by geography 2013-2018(USD millions) 23
TABLE 9 Global Ophthalmic drugs market size, by disease 2008-2012 (USD million) 23
TABLE 10 Global Ophthalmic drugs market size, by disease 2013-2018 (USD million) 24
TABLE 11 Dry eye drugs market 2010-2012 (USD million) 25
TABLE 12 Dry eye drugs market 2013-2018 (USD million) 26
TABLE 13 Major dry eye drugs pipeline 26
TABLE 14 Retinal drugs market 2010-2012 (USD million) 27
TABLE 15 Retinal drugs market 2013-2018 (USD million) 28
TABLE 16 Major retinal disease drugs pipeline 28
TABLE 17 Anti-allergy/inflammatory drugs market 2010-2012 (USD million) 29
TABLE 18 Anti-allergy/inflammatory drugs market 2013-2018 (USD million) 30
TABLE 19 Major anti-inflammatory/allergy/anti-infective drugs pipeline 30
TABLE 20 Prevalence of glaucoma, by geographic regions (million, 2010-2020) 31
TABLE 21 Major anti-glaucoma drugs market 2010-2012 (USD million) 32
TABLE 22 Major anti-glaucoma drugs market 2013-2018 (USD million) 32
TABLE 23 Anti-glaucoma drugs pipeline 33
TABLE 24 North America Ophthalmic drugs market size, by geography 2008-2012 (USD million) 34
TABLE 25 North America Ophthalmic drugs market size, by geography 2013-2018 (USD million) 35
TABLE 26 North America Ophthalmic drugs market size, by disease 2008-2012 (USD million) 35
TABLE 27 North America ophthalmic drugs market, by disease 2013-2018 (USD million) 36
TABLE 28 Ophthalmic drugs market, by disease in US 2008-2012(USD million) 37
TABLE 29 Ophthalmic drugs market by disease in US 2013-2018 (USD million) 37
TABLE 30 European Ophthalmic drugs market size, by geography 2008-2012 (USD million) 38
TABLE 31 European Ophthalmic drugs market size, by geography 2013-2018 (USD million) 39
TABLE 32 European ophthalmic drugs market by disease 2008-2012 (USD million) 40
TABLE 33 European ophthalmic drugs market by disease 2013-2018 (USD million) 40
TABLE 34 French ophthalmic drugs market by disease 2008-2012 (USD million) 41
TABLE 35 French ophthalmic drugs market, by disease 2013-2018 (USD million) 42
TABLE 36 German Ophthalmic drugs market, by disease 2008-2012 (USD million) 43
TABLE 37 German ophthalmic drugs market, by disease 2013-2018 (USD million) 43
TABLE 38 The UK ophthalmic drugs market, by disease 2008-2012 (USD million) 45
TABLE 39 The UK ophthalmic drugs market, by disease 2013-2018 (USD million) 45
TABLE 40 Asian Ophthalmic drugs market size, by country 2008-2012 (USD million) 46
TABLE 41 Asian Ophthalmic drugs market size, by geography 2013-2018 (USD million) 47
TABLE 42 Asian ophthalmic drugs market, by disease 2008-2012 (USD million) 47
TABLE 43 Asian ophthalmic drugs market, by disease 2013-2018 (USD million) 48
TABLE 44 Indian ophthalmic drugs market, by disease 2008-2012 (USD million) 49
TABLE 45 Indian ophthalmic drugs market, by disease 2013-2018 (USD million) 50
TABLE 46 Chinese ophthalmic drugs market, by disease 2008-2012 (USD million) 51
TABLE 47 Chinese ophthalmic drugs market, by disease 2013-2018 (USD million) 52
TABLE 48 Japanese ophthalmic drugs market, by disease 2008-2012 (USD million) 53
TABLE 49 Japanese ophthalmic drugs market, by disease 2013-2018 (USD million) 53
TABLE 50 Ophthalmic drugs market, by prescription vs. over the counter drugs 2008-2012 (USD million) 55
TABLE 51 Ophthalmic drugs market, by prescription vs. over the counter drugs 2013-2018 (USD million) 56
TABLE 52 Major product launches in ophthalmic drugs market (2011-2013) 59
TABLE 53 R&D initiatives in ophthalmic drugs market (2012-2013) 60
TABLE 54 Mergers and acquisitions in ophthalmic drugs market (2011-2013) 61

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Free Market Analysis


Globally, the ophthalmic drugs market is witnessing significant growth due to increasing prevalence of eye disorders such as diabetic retinopathy and macular degeneration. As a result, this market is expected to grow at a CAGR of about 5.2% during 2013 – 2018.

Some of the key driving factors for the ophthalmic drugs market are rising prevalence of global aging population, increasing government initiatives towards healthcare infrastructure in developing countries (such as India and China), technological changes in drug delivery technique, and increasing prevalence of lifestyle associated diseases. However, the market faces some restraints such as lack of awareness among people regarding eye disorders, drying pipeline of ophthalmic drugs, patent expiration of blockbuster ophthalmic drugs and absence of health insurance in developing countries. 

North America, including the US has the largest ophthalmic drugs market. Asia is the fastest growing ophthalmic drugs market. Some of the fastest growing markets for ophthalmic drugs are China, India, other countries in South East Asia and the Eastern Mediterranean. As per WHO estimates in 2010, in the next nine years, the number of blind people aged 50 years and above will grow in these regions, thereby increasing the demand for ophthalmic drugs. On the other hand, in developed regions such as North America and Western Europe, rising efforts towards prevention of blindness among the aging population has emerged as a key driver for the market
Glaucoma has the largest market share in the ophthalmic drugs market and it is expected to grow at a CAGR of about 4.2% during 2013 – 2018.Various ophthalmic drug companies are increasing their focus on combination therapy, which involves use of more than one medication for specific retinal disorders. Most of these combination therapies are used as first line treatment in patients with high level of intraocular pressure. Combination therapy has various advantages over traditional medication such as reduced frequency of eye drop application, improved patient compliance and efficacy.

Novartis (Alcon) is the leading player in the global ophthalmic drugs market with a share of about 24% in 2012. Other major players of ophthalmic drugs market include Allergan, Santen, Pfizer, Merck and Roche and others.
 

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