Ophthalmology Drugs Market Trends

Ophthalmology Drugs Market Trends

The rising prevalence of ocular disorders such as glaucoma, cataract, diabetic retinopathy, increasing healthcare expenditure and investments, rising research and development pertaining to the development of novel drugs, increasing focus on developing combination therapies, and increasing advancements in genomics and biomarker research are enabling more personalized approaches to ophthalmic treatments are propelling the market expansion.
 

• For instance, according to The World Health Organization (WHO), approximately 2.2 billion people across the globe, are blind or have some vision impairment. Of these, 1 billion people have a condition that could be averted or is still untreated.
   
• Further, WHO predicts that the number of individuals with vision impairment will increase by threefold by 2050, with the greatest increase in low- and middle-income nations. The increasing incidence of vision impairment along with the increasing awareness about eye care fuels the market growth.

As the global population continues to age, the prevalence of age-related eye conditions such as cataracts, age-related macular degeneration (AMD), and glaucoma is rising. The aging population is more susceptible to vision impairment and related eye diseases, leading to an increased demand for ophthalmic treatments.