"Ophthalmic Drugs Market Will Reach $18.7 Billion in 2012" Visiongain Report Predicts
A new report by visiongain predicts that the world market for ophthalmic drugs will reach $18.7 billion for 2012. That revenue forecast appears in Ophthalmic Drugs: World Market Prospects 2012-2022, published in March 2012. Visiongain is a business information provider based in London, UK.
Dr Syed Ahmed, a senior pharmaceutical industry analyst at visiongain, said, “The world market for ophthalmic drugs is an important segment of the pharma industry. The main causes of visual impairment and sight loss in developed countries are retinal diseases. These include age-related macular degeneration (AMD), diabetic macular oedema and macular oedema caused by retinal vein occlusion. Glaucoma is the leading cause of irreversible blindness. It remains a large segment of the ophthalmic prescription drug market. Worldwide, there are many under-met treatment needs for eye disorders.
“Over coming years, there will be much research in ophthalmics, especially for sustained release implants and injection technologies for retinal diseases. Improved drug delivery and new formulations will be important. Sustained release formulations will offer marked potential for revenue growth. Diabetic macular oedema (DME) will also be important to the future of the ophthalmic drug market. The number of people developing Type II diabetes is rising, with many diabetics developing DME. In particular, anti-VEGF therapy will play an increasing role in the treatment of DME.”
Visiongain’s report provides revenue forecasts to 2022 at world market, therapeutic submarket, product and national level. It forecasts world sales for the following submarkets:
• Glaucoma treatments
• Anti-allergy, anti-inflammatory and anti-infective agents
• Retinal disorder treatments
• Dry eye treatments
• Other medicines
That investigation forecasts sales of 20 leading drugs, including Lucentis, Visudyne, Xalatan/Xalacom and Restasis. Research, data and analyses cover activities of Allergan, Novartis, Pfizer, Roche and other pharmaceutical companies.
The analysis includes researching the R&D pipeline, interviewing authorities on the industry and forecasting revenues in leading national markets. Countries analysed are the US, Japan, the EU5, Brazil, China and India. Ophthalmic Drugs: World Market Prospects 2012-2022 adds to visiongain’s range of analytical reports on industries and markets in healthcare.
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