Ophthalmic Drugs Market Growth, Future Prospects and Competitive Analysis, 2016-2022

Global Ophthalmic Drugs Market to Reach Worth USD 27.6 Bn by 2022: Increasing Ocular Diseases Globally to Drive the Market

According to the latest report published by Credence Research, Inc. “Ophthalmic Drugs Market – (Prescription Type – Prescription Ophthalmic Drugs and Over the Counter (OTC) Drugs; Therapeutic Type: Glaucoma Ophthalmic Drugs, Retinal Disorder Ophthalmic Drugs, Dry Eye Ophthalmic Drugs and Allergic Conjunctivitis): Market Growth, Future Prospects and Competitive Analysis, 2016-2022,” the market was valued at USD 17.2 Bn in 2015, and is expected to reach USD 27.6 Bn by 2022, expanding at a CAGR of 7.0% from 2016 to 2022.

Browse the full report Ophthalmic Drugs Market Growth, Future Prospects and Competitive Analysis, 2016-2022 report at http://www.credenceresearch.com/report/ophthalmic-drugs-market

Market Insights

Globally, average life expectancy has been increasing and it’s posturing medical issues within the ophthalmology field. Among the elderly population, vision loss is a major healthcare problem. The growing prevalence of eye–related disorders has created huge scope for ophthalmic drugs. Moreover, new technologies combining drugs and device therapies are contributing significantly towards the development of ophthalmic drugs market.

North America accounted for the largest market in the ophthalmic drugs market due to the rising number of patient population suffering from ocular diseases in the region. The prevalence of blindness and vision impairment and other eye related disorders is expected to increase rapidly among all age group, gender and racial group in North America. Asia Pacific ophthalmic drug market holds high growth potential in near future due to factors such as rising geriatric population, rising investments in healthcare infrastructure and increasing prevalence of ocular diseases.

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