Eye Allergy Treatment Market
An eye allergy is one of the most common health problems occurring among the population all over the world. Market Research Future (MRFR) has recently availed a report asserting the global eye allergy treatment market is anticipated to expand at a steady CAGR of 5.2% and reach USD 6843.3 Mn by the end of 2023.
Market Drivers and Restraints:
The increasing prevalence of eye allergies caused due to multiple allergens and increasing investment by the manufacturers in the global market to provide highly efficient treatment drugs are some of the major factors driving the expansion of the global eye allergy treatment market. The rise in incidences of seasonal allergic conjunctivitis and contact allergic conjunctivitis are inducing demand for eye allergy treatments in the global market, creating significant growth opportunities for the expansion of the global eye allergy treatment market.
The high number of indoor and outdoor allergens causing eye allergies such as pollen grains, dust, bugs, molds, and others are inducing demand for bona fide treatments in the global market, which is fueling the growth of the global eye allergy treatment market. The rapidly increasing air pollution is causing adverse health hazards on the human body including the rise in eye allergy incidences with varying symptoms, which is generating demand for reliable treatments, which in turn is driving the global eye allergy treatment market.
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Major Key Players:
ALLERGAN (Republic of Ireland), Johnson & Johnson Vision Care, Inc. (US), Merck & Co., Inc. (US), Novartis AG (Switzerland), Pfizer Inc. (US), Regeneron Pharmaceuticals, Inc. (US), F. Hoffmann-La Roche Ltd (Switzerland), Santen Pharmaceutical Co., Ltd.(Japan), Valeant (Canada) Shire (Republic of Ireland), are some of the prominent players at the forefront of competition in the global eye allergy treatment market and are profiled in MRFR Analysis.
The global eye allergy treatment market has been segmented on the basis of type, treatment, and end-users. Based on type, the eye allergy treatment market is segmented into seasonal and perennial allergic conjunctivitis, atopic keratoconjunctivitis, vernal keratoconjunctivitis, contact allergic conjunctivitis, giant papillary conjunctivitis, and others. The vernal keratoconjunctivitis segment includes palpebral, limbal, corneal, and others.
Based on treatment, the global eye allergy market is segmented into medication, allergy shots (immunotherapy), and others. Medication includes artificial tears, decongestants, oral antihistamines, antihistamine/mast-cell stabilizers, corticosteroids. The decongestants segment is sub-segmented into with antihistamines and without antihistamines. The sub-segments of allergy shots (immunotherapy) segment include subcutaneous immunotherapy treatment (SCIT) and sublingual immunotherapy treatment (SLIT).
Based on end-users, the global eye allergy market is segmented into eye hospitals and clinics, medical institutes, research centers, and others.
Global eye allergy treatment market is segmented on the basis of geographies or regions which mainly includes North America, Europe, Asia Pacific, and Middle East & Africa. North America is dominating the global market for eye allergy treatment with more than 40% share of the total market in 2016. The major factor for the growth of the market include due to increasing allergic conditions affecting children in the U.S., increasing individuals suffering from Allergic rhinitis, presence of major manufacturers, rising healthcare expenditure, and various others factors.
Europe holds the second largest share of the global eye allergy treatment market. Asia Pacific is the fastest growing eye allergy treatment stimulation market across the globe. In Asia-Pacific there is wide range of opportunities for eye allergy treatment market due to the presence of developing countries, companies grabbing these opportunities and expanding their presence in the region. These rising development in the region is further influencing the growth of the market.
The Middle East & Africa holds the least share of the global market due to limited availability of medical facilities. The UAE, Saudi Arabia, and Kuwait are expected to drive the Middle East & African market. Whereas, the African region is expected to witness a moderate growth.
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