Theglobal 'allergicconjunctivitis market size‘ is projected to gain significant revenue inthe coming years on account of the increasing awareness about availability ofthese drugs. As per a Fortune Business Insights report titled, “AllergicConjunctivitis Market Size, Share & COVID-19 Impact Analysis, By Drug Class(Antihistamines & Mast Cell Stabilizers, Corticosteroids, and Others), ByDisease Type (Mild, and Severe), By Distribution Channel (Hospital Pharmacies,Drug Stores & Retail Pharmacies, and Online Pharmacies), and RegionalForecast, 2020-2027” the value of this market was USD 2.50 billion in 2019 andis expected to rise at a CAGR of 5.4% to reach USD 3.05 billion by the end of2027. The forecast period is set between 2020 and 2027.
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The report answers the following questions:
- What is the nature of the market?
- Who are the key players of this market and what are their major strategies?
- What is the impact of the COVID-19 pandemic on the market?
- What are the recent industry developments of the market?
Regional Analysis-
North America Dominated Market Owing to Prevalence of AllergicConjunctivitis
Amongall regions, North America emerged dominant owing to the strong prevalence ofthis conjunctivitis in the region, coupled with the increasing healthcareinfrastructure and facilities. In 2019, this region earned USD1.20 billionowing to the presence of major vendors and the availability of supportivereimbursement policies.
Frequently Ask Question :
1) How much is the global allergic conjunctivitis market worth?
Fortune Business Insightssays that the global allergic conjunctivitis market size was USD 2.50 billionin 2019 and is projected to reach USD 3.05 billion by 2027.
2) What was the value of the market in North America in 2019?
In 2019, the North Americamarket value stood at USD 1.20 billion.
3) At what CAGR is the market projected to grow in the forecast period(2020-2027)?
Growing at a CAGR of 5.4%, the marketwill exhibit steady growth in the forecast period (2020-2027).
An Overview of the Impact of COVID-19 on this Market :
Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral companies can help in the fight against this highly contagious disease.There are some industries that are struggling and some are thriving. Overall,almost every sector is anticipated to be impacted by the pandemic.
Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of corona virus outbreak across industries to help you preparefor the future.
Drivers & Restraints
Rising Awareness about Availability of Drugs to Augment Growth
Theincreasing patient pool for allergic conjunctivitis stands as a key factor propellingthe global allergic conjunctivitis market growth. The increasing development ofnew treatment options, and massive investments on clinical trials will alsoboost the market. This coupled with the rise in air pollution levels in cities,and weather changes may further intensify the level of itchiness andaccordingly worsen the condition, thereby boosting the market in the forecastperiod.
Onthe contrary, most of the time this illness is ignored by patients andtherefore they do not opt for medical assistance. Therefore, the lack ofawareness and ignorance of people towards the treatment of this conjunctivitismay hamper the market in the coming years.
Despitethis, the presence of strong patient population and the rising awareness aboutthe availability of various therapeutic drugs are likely to create lucrativegrowth opportunities for the market in the coming years.
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https://www.fortunebusinessinsights.com/industry-reports/allergic-conjunctivitis-market-100121
Competitive Landscape-
Bausch & Lomb, Allergan, and Alcon Hold Significant SharesOwing to Strong Portfolio
Thenature of the global allergic conjunctivitis market is perfectly competitive innature owing to the presence of small, medium, and large players. Currently,companies such as Alcon, Bausch & Lomb, and Allergan are currently holdingthe major shares. This is attributable to the strong product portfolio. Theother players are focusing on getting product approvals and launching newproducts to gain a competitive edge in the market competition.
List of Companies Profiled in the Report:
- Santen Pharmaceutical Co., Ltd. (Osaka, Japan)
- Alcon (Geneva, Switzerland)
- Eyevance Pharmaceuticals LLC (Forth Worth, U.S.)
- Ocular Therapeutix, Inc. (Bedford, S.)
- Allergan (AbbVie Inc.) (Dublin, Ireland)
- Bausch & Lomb (Laval, Canada)
- Novartis AG (Basel, Switzerland)
- Sun Pharmaceutical Industries Ltd. (Mumbai, India)
- Eton Pharmaceutical (Deer Park, U.S.)
Global Allergic conjunctivitis market Segmentation :
Segments Covered in the Report
By Drug Class
- Antihistamines & Mast Cell Stabilizers
- Corticosteroids
- Others
By Disease type
- Mild
- Severe
By Distribution Channel
- Hospital Pharmacies
- Drug Stores & Retail Pharmacies
- Online Pharmacies
By Geography
- North America
- By Drug Class
- By Disease Type
- By Distribution Channel
- By Country
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Table Of Content :
- Introduction
- Research Scope
- Market Segmentation
- Research Methodology
- Definitions and Assumptions
- Executive Summary
- Market Dynamics
- Market Drivers
- Market Restraints
- Market Opportunities
- Key Insights
- Prevalence of Allergic Conjunctivitis - By Key Countries
- Pipeline Analysis
- Key Industry Developments
- New Product Launches
- Impact of COVID-19 on the Allergic Conjunctivitis Market
- Allergy - Statistics and Facts
5. GlobalAllergic Conjunctivitis Market Analysis, Insights and Forecast, 2016-2027
o KeyFindings / Summary
o MarketAnalysis, Insights and Forecast – By Drug Class
· Antihistamines & Mast CellStabilizers
· Corticosteroids
· Others
o Market Analysis, Insights and Forecast– By Disease Type
· Mild Allergic Conjunctivitis
· Severe Allergic Conjunctivitis
o Market Analysis, Insights and Forecast– By Distribution Channel
· Hospital Pharmacies
· Drug Stores & Retail Pharmacies
· Online Pharmacies
o Market Analysis, Insights and Forecast– By Region
· North America
· Europe
· Asia Pacific
· Latin America
· Middle East & Africa
Continue…
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