Global Eye Allergy Therapeutics Market is Likely to Grow at a CAGR Value of 4.7% By 2028

The global eye allergy therapeutics market size was worth around USD 2,914.1 million in 2021 and is estimated to grow to about USD 3,838.7 million by 2028, with a compound annual growth rate (CAGR) of approximately 4.7% over the forecast period. The report analyzes the eye allergy therapeutics market's drivers, restraints/challenges, and their effect on the demands during the projection period. In addition, the report explores emerging opportunities in the eye allergy therapeutics market.

Eye allergies, also referred to as allergic conjunctivitis, are fairly frequent. An allergy develops when the body's immune system reacts to a generally harmless allergen. A substance called histamine is produced by the eyes to fight allergen. As a result, the conjunctiva and eyes get red, swollen, and irritated. Eye burning and tears are both possible in such cases. Eye allergies do not spread from person to person like other forms of conjunctivitis.  

The global market for eye allergy therapeutics is expanding as a result of the possibility of eye infections being caused by dust mites, foodborne diseases, and other environmental causes. As ophthalmology has developed, there has been an increase in demand for treatments for eye allergies. The development of a unified ophthalmological therapy market has created enormous prospects for the global eye allergy therapeutics market. This generation's eye health and vision have also been impacted by changes in children's dietary preferences. Similarly, eye allergies affect people of all ages and from all socioeconomic backgrounds. However, the global market for eye allergy therapeutics is expected to rise in the future due to the rising frequency of eye diseases and disorders among children.

The global eye allergy therapeutics market is segregated based on product, distribution channels, and region. Based on product, the market is divided into antihistamines, mast cell stabilizers, corticosteroids, immunomodulators, and others. During the forecast period, it is anticipated that the antihistamines category will expand at the fastest rate. The market is divided into hospital pharmacies, online pharmacies, and drug stores based on distribution channels. Hospital pharmacies played a significant role in the global market for eye allergy therapeutics in 2021.

The global eye allergy therapeutics market is divided into geographic regions of North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. During the forecast period, North America, which had the biggest share of 40.4% in 2021, is expected to increase at the highest CAGR. The increase in the geriatric population and ophthalmological illnesses in North America has led to a greater demand for diagnostics and treatments. The region is also experiencing rapid technological developments. The expanding patient base and rising per capita income of the populace would therefore fuel the market expansion for therapies for eye allergies. Increasing government initiatives are also fueling the market's expansion. 

The Asia-Pacific eye allergy therapeutics market is expanding as a result of the large patient population, quick technological advancements, and several potentials for market expansion. By 2050, the Asian Development Bank projects that about 923 million senior people will live in Asia. The growing geriatric population also stimulates the demand for eye allergy treatments in this area.

Key players in the global eye allergy therapeutics market include Allergan Plc, Bausch Health Companies Inc., Novartis AG, Santen Pharmaceutical Co. Ltd., Allergy Therapeutics, and Akorn Inc.

Recent developments:

• In February 2021, a leading specialty pharmaceutical business, Akorn Operating Company LLC announced that the U.S. Food and Drug Administration (FDA) had approved its Abbreviated New Drug Application (ANDA) for Loteprednol Etabonate Ophthalmic Gel, 0.5%. Following ocular surgery, loteprednol etabonate ophthalmic gel, 0.5%, may treat post-operative discomfort and inflammation.
• In March 2020, the FDA approved Allergan plc's New Drug Application (NDA) for DURYSTATM (bimatoprost implant) 10 mcg for intracameral injection. The first intracameral, biodegradable sustained-release implant for treating open-angle glaucoma (OAG) or ocular hypertension is now available, and it is called DURYSTATM (OHT).

Browse the full “Eye Allergy Therapeutics Market By Product (Antihistamines, Mast cell stabilizers, Corticosteroids, Immunomodulators, and Others), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Drug Stores), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Predictions 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/eye-allergy-therapeutics-market

Global Eye Allergy Therapeutics Market is segmented as follows:

By Product

• Antihistamines
• Mast cell stabilizers
• Corticosteroids
• Immunomodulators
•  Others

By Distribution Channel

• Hospital Pharmacies
• Online Pharmacy
• Drug Stores

???????By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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