Ocular Drug Delivery Devices Market: Introduction

  • Ocular drug delivery devices are defined as devices that effectively deliver a drug based on the need of a patient.
  • Ocular drug delivery devices are used for various purposes such as during a surgery to provide a specific medication to the eye and to treat eye dryness and other such issues related to the eye.
  • Ocular drug delivery devices aid in providing a specific drug in correct measurements and these are even inserted into the eye during necessary conditions to provide ocular drug delivery.

Key Drivers and Opportunities of Global Ocular Drug Delivery Devices Market

  • Rise in awareness about eye-related diseases increases the need of eye treatment. According to WHO, around 2.2 billion individuals have different eye-related issues. This increases the need of various ocular drugs that can be delivered through devices. These factors are anticipated to fuel the growth of the global market during the forecast period.
  • According to WHO, around 422 million individuals have diabetes globally. This is likely to increase the prevalence of diabetic retinopathy, which if left untreated can lead to blindness. This in turn spreads awareness among individuals to avail various treatment procedures to treat retinopathy. Hence, rise in awareness about ocular drug delivery devices is expected to drive the global ocular drug delivery devices market in the next few years.

North America to Capture Major Share of Global Ocular Drug Delivery Devices Market

  • In terms of region, the global ocular drug delivery devices market can segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
  • North America is likely to account for major share of the global ocular drug delivery devices market during the forecast period due to presence of well-established companies that are developing and providing ocular drug delivery devices. Moreover, the U.S. has 28 million individuals who suffer from different types of retinal diseases.
  • Europe is a prominent market for ocular drug delivery devices due to enhanced eye care providers and increase in the usage of ocular drug delivery devices to provide the best treatment to patients with retinal diseases and other ocular issues
  • The ocular drug delivery devices market in Asia Pacific is projected to grow at a rapid pace during the forecast period owing to increase in the geriatric population, rise in number of diabetic patients due to various eating habits & genetic influence, and surge in number of awareness camps related to eye treatment and care

Key Players Operating in Global Ocular Drug Delivery Devices Market

The global ocular drug delivery devices market is consolidated due to the presence of small number of prominent players and new-startups that collaborate to provide the best ocular drug delivery devices. Growth strategies adopted by leading players are likely to drive the global ocular drug delivery devices market.

Major players operating in the global ocular drug delivery devices market are:

  • Alcon Vision LLC
  • Carl Zeiss AG
  • Glaukos Corporation
  • Ocular Therapeutix, Inc.
  • Graybug Vision, Inc.
  • Santen Pharmaceutical Co., Ltd.
  • Clearside Biomedical, Inc.
  • Other prominent players

Global Ocular Drug Delivery Devices Market: Research Scope

Global Ocular Drug Delivery Devices Market, by Devices

  • Ocular Implant
  • Microneedle
  • Ocular Inserts
  • Punctal Plugs
  • Viscosurgical Devices
  • Others

Global Ocular Drug Delivery Devices Market, by Application

  • Glaucoma
  • Cataract
  • Retinal Disease
    • Macular Degeneration
    • Diabetic Macular Edema
  • Others

Global Ocular Drug Delivery Devices Market, by End-user

  • Hospitals
  • Eye Clinics
  • Homecare Setting
  • Others

Global Ocular Drug Delivery Devices Market, by Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • U.K.
    • Italy
    • Spain
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia & New Zealand
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC Countries
    • South Africa
    • Rest of Middle East & Africa

This intelligence report by TMR is the outcome of intense study and rigorous assessment of various dynamics shaping the growth of the market. TMR nurtures a close-knit team of analysts, strategists, and industry experts who offer clients tools, methodologies, and frameworks to make smarter decisions. Our objective, insights, and actionable analytics provide CXOs and executives to advance their mission-critical priorities with confidence.

The scrutiny of the various forces impacting the dynamics of the market, and key and associated industries, guides enterprises in understanding various consumer propositions. Our clients leverage these insights and perspectives to enhance customer experience in the fast-paced business environment.

All our insights and perspectives are broadly based on 4 Pillars or Stages: ASBC-S, which offer an elaborate and customizable framework for the success of an organization. The essence and the roles of these in organizational successes are highlighted below:

  • Agenda for CXOs: TMR, through the study, sets the tone for agendas that are pertinent to CEOs, CFOs, CIOs, and other CXO executives of businesses operating in the market. The perspectives help our clients to bridge the gap between agenda and action plan. TMR strives to offer guidance to CXOs to undertake mission-critical activities empowered by various business analysis tools, and boost the performance of the organizations. The perspectives guide you to decide on your own marketing mix that align well with the policies, visions, and mission.
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The study presents scrutiny of region-specific consumer and technology trends, including the most recent industry dynamics. These broadly cover but not limited to

  • North America, South America, and the Americas
  • Asia Pacific and Japan
  • Europe
  • Latin America
  • Middle East and Africa

The study offers data-driven insights and guidance of several aspects. Some of the more notable questions are:

  • What are the major recent trends that can influence the product life cycle and the RoI?
  • Which regulatory trends shape corporate-level, business-level, and functional-level strategies?
  • Which micromarketing initiatives of leading players will bring in investments?
  • What can be the best framework and tools for PESTLE analysis?
  • Which regions will witness rise in new opportunities?
  • Which are the game-changing technologies being used to capture new revenue streams in the near future?
  • Which operational and tactical frameworks are being adopted by various players in gaining customer loyalty?
  • What is the current and expected intensity of competition the market in the near future?

Disclaimer: This market research study is an ongoing effort and extreme care has been taken to maintain the highest levels of accuracy at all stages. However, in the light of the rapidly evolving business dynamics, some region-specific or other segment-specific changes may take time to be part of the study.

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Ocular Drug Delivery Devices Market