Allergic Conjunctivitis Market |2021 Analysis, Key Opportunities Major Players, Impact of COVID-19 and Size, Growth, Share, Regional Analysis With Global Industry Forecast To 2027, The global “Allergic Conjunctivitis Market” is projected to gain significant revenue in the coming years on account of the increasing awareness about availability of these drugs. As per a Fortune Business Insights report titled, “Allergic Conjunctivitis Market Size, Share COVID-19 Impact Analysis, By Drug Class (Antihistamines Mast Cell Stabilizers, Corticosteroids, and Others), By Disease Type (Mild, and Severe), By Distribution Channel (Hospital Pharmacies, Drug Stores Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027” the value of this market was USD 2.50 billion in 2019 and is expected to rise at a CAGR of 5.4% to reach USD 3.05 billion by the end of 2027. The forecast period is set between 2020 and 2027.
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What does the Report Include?
The market report includes quantitative and qualitative analysis of several factors such as the key drivers and restraints that will impact growth. Additionally, the report provides insights into the regional analysis that covers the different regions, which are contributing to the growth of the market. It includes the competitive landscape that involves leading companies and adoption of strategies by them to introduce new products, announce partnerships, and collaboration that will contribute to the growth of the market between 2020 and 2027. Moreover, the research analyst has adopted several research methodologies such as PESTEL and SWOT analysis to extract information about the current trends and industry developments that will drive the market growth in the forthcoming years.
Allergic Conjunctivitis Highlights of the Report:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the market.
- Product Development/Innovation: Detailed insights on the upcoming technologies, RandD activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the market
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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 Allergic Conjunctivitis
Among all regions, North America emerged dominant owing to the strong prevalence of this conjunctivitis in the region, coupled with the increasing healthcare infrastructure and facilities. In 2019, this region earned USD1.20 billion owing to the presence of major vendors and the availability of supportive reimbursement policies.
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.)
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Drivers Restraints
Rising Awareness about Availability of Drugs to Augment Growth
The increasing patient pool for allergic conjunctivitis stands as a key factor propelling the global allergic conjunctivitis market growth. The increasing development of new treatment options, and massive investments on clinical trials will also boost the market. This coupled with the rise in air pollution levels in cities, and weather changes may further intensify the level of itchiness and accordingly worsen the condition, thereby boosting the market in the forecast period.
On the contrary, most of the time this illness is ignored by patients and therefore they do not opt for medical assistance. Therefore, the lack of awareness and ignorance of people towards the treatment of this conjunctivitis may hamper the market in the coming years.
Despite this, the presence of strong patient population and the rising awareness about the availability of various therapeutic drugs are likely to create lucrative growth opportunities for the market in the coming years.
