According to the report North America Ophthalmology Therapeutics Market was worth $7.36 billion in 2016 and estimated to be growing at a CAGR of 6.7%, to reach $10.18 billion by 2021.
The market is showing evident potential in the mentioned forecast period. Ophthalmology deals with the treatment of eye defects and diseases.
With the recent advancements in genetics and stem cell biology, the mechanisms of many ophthalmic diseases are being revealed progressively.
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North American market for Ophthalmology Therapeutics is driven by the growing prevalence for vision impairment. Approximately 11% of Americans aged 20 years and older suffering from diabetes had some form of visual impairment while 3.4 million (3%) Americans aged 40 years and older are either blind or visually impaired.
1,600,000 Americans aged 50 years and above have age related macular degeneration. Advancements in technology in the field of medicine are also playing a key role in the growth of the market.
Growing geriatric population across the continent along with rise in disposable income are some of the other factors fuelling the market growth. However, lack of awareness about the various diseases associated with ophthalmology is a major factor restraining the growth of the market.
Stringent regulatory framework and unclear reimbursement policies are also acting as hurdles for market growth.
North America Ophthalmology Therapeutics Market: Segmentation
- Dry Eye Syndrome
- Diabetic Retinopathy
- Retinal Vein Occlusion
- Age-Related Macular Degeneration (AMD)
- Macular Edema
- Allergic Conjunctivitis
By End User
- Eye Clinics
- Diagnostic Centers
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On the basis of geography, the North America Ophthalmology Therapeutics market is segmented into United States and Canada. Within North America, United States is the largest market for Ophthalmology Therapeutics with a share of xx% while Canada is estimated to be the fastest growing with a CAGR of xx% during the forecast period.
Some of the major companies covered in the report are Pfizer Inc., Allergan Inc., Alcon Inc., Merck & co. Inc., Roche Valeant, Regeneron, Santen, Bayer, Senju, Lpath and Eye Gate Pharmaceuticals
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North America Ophthalmology Therapeutics Market Report:
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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