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The global eye infections therapeutics market has the potential to grow by USD 342.39 million during 2019-2023. The growth momentum will accelerate throughout the forecast period, and the market will grow at a CAGR of nearly 3%.
Rising geriatric population and the increasing adoption of generics are some of the major factors driving market growth. The US, Germany, and China are currently the major markets for eye infections therapeutics.
The report provides a detailed analysis of the market by type and geography. Also, the report analyzes the market’s competitive landscape and offers information on several market vendors.
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The eye infections therapeutics market is fragmented, and the degree of fragmentation will slightly increase during the forecast period. To increase the adoption of drugs for eye infections, vendors in the market are focusing on creating awareness campaigns. Akorn Inc., Allergan Plc, and Bausch Health Companies Inc. are some of the major market participants. Though the accelerating growth momentum will offer immense growth opportunities, the side effects associated with antibiotics will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The report provides information on the production, sustainability, and prospects of several companies, including:
The geriatric population is more vulnerable to eye infections as old age people are more prone to ophthalmic problems. Old age patients with eye infections require special medical attention as the condition could become severe if left unattended. Conditions such as tearing or excess tear production in older people increase microbial infections. This has increased in number of patient visits at ophthalmologists. The coming years will witness an increase in the number of patients with ocular problems. This will subsequently fuel the growth of the global eye infections therapeutics market size during the forecast period.
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Rising incidences of the misuse of contact lens have increased the prevalence of eye infections in North America. This coupled with the rising awareness, and the presence of technologically advanced healthcare infrastructure are fostering eye infections therapeutics market growth in the region.
During the forecast period, more than 42% of the market growth will originate from North America. However, market growth in the region will be slower than the growth of the market in Asia.
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The rising prevalence of conjunctivitis and the growing awareness about eye infections are driving the adoption of eye infections therapeutics. The availability of treatment for bacterial conjunctivitis in the form of eye drops, pills, and ointments have further increased boosted the growth of the market in the conjunctivitis segment.
As a result, the eye infections therapeutics market size will steadily grow in the conjunctivitis segment during the forecast period. However, market growth in the conjunctivitis segment will be slower than the growth of the market in keratitis segment.
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PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
PART 04: MARKET SIZING
PART 05: FIVE FORCES ANALYSIS
PART 06: MARKET SEGMENTATION BY TYPE
PART 07: CUSTOMER LANDSCAPE
PART 08: GEOGRAPHIC LANDSCAPE
PART 09: DECISION FRAMEWORK
PART 10: DRIVERS AND CHALLENGES
PART 11: MARKET TRENDS
PART 12: VENDOR LANDSCAPE
PART 13: VENDOR ANALYSIS
PART 14: APPENDIX
PART 15: EXPLORE TECHNAVIO
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