According to Future Market Insights, the global post-operative cataract surgery inflammation treatment industry growth is projected to rise at a steady growth valued at US$ 4.56 billion 2023 with a 6.77% CAGR until 2033, being valued at US$ 8.78 billion. The rising number of cortical necrosis therapeutics are being delivered through retail pharmacies and the surge in the number of retail pharmacies in developed countries creates opportunities for market growth. In addition to this, patients prefer retail pharmacies for purchasing drugs, as these are easily accessible.
A lack of qualified personnel who are unable to treat the patients with appropriate treatments could curb the growth of the global cataracts market over a forecast period. The huge expenditure associated with the treatment of cataracts surely hampers market growth. Increased approvals from FDA and more clinical research associated with cataracts are boosting the market growth. For instance, EyePoint Pharmaceuticals received FDA approval for Dexycu intraocular suspension in February 2018. This suspension is given as a single dose at the end of cataract surgery for the management of postoperative inflammation. The approval will help people across the world who are severe experiencing complications after cataract surgery. This boosts market growth.
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The prevalence of ocular pain keeps showing a surge in growth as chemical industries and pollution around the world are growing. Chemical burns and flash burns cause significant and severe ocular pain due to irritations over the eye surface. Style and blepharitis lead to severe ocular pain as they cause eye and oil glands to be more sensitive around the area.
Key Takeaways from the Market Study:
- The market value in 2022 was US$ 4.045 Billion.
- The global post-operative cataract surgery inflammation treatment grew at a CAGR of 6.45% from 2018 to 2022.
- Increased approvals from FDA and more clinical research associated with cataracts are boosting the market growth.
- UK-based subsidiary of Japanese ophthalmology firm Santen Pharmaceutical has announced the launch of Ducressa.
- Allay Therapeutics, reported the first-ever clinical data showing non-opioid pain relief lasting two weeks after a single administration.
- North America is said to dominate the market share followed by Asia-Pacific.
Competitive Landscape:
Some of the prominent players in the post-operative cataract surgery inflammation drug treatment market are-
- Mallinckrodt Pharmaceuticals
- Salix Pharmaceuticals
- GlaxoSmithKline plc.
- Pfizer Inc.
- ASKA Pharmaceutical Co., Ltd.
- Bausch Health
- Johnson & Johnson Services, Inc.
- Janssen Global Services
- Takeda Pharmaceutical Company Limited
- Merck & Co., Inc.
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Some of the important developments of the key players in the market are:
- In October 2022, Regeneron Pharmaceuticals, Inc. announced the U.S. Food and Drug Administration (FDA) has accepted for Priority Review the supplemental Biologics License Application (sBLA) for EYLEA (aflibercept) Injection to treat Retinopathy of Prematurity (ROP) in preterm infants. This development helps the organization in developing its brand image in the ophthalmology market, among others.
- In May 2022, Reichert, Inc. has launched its redesigned refractometers & analytical instruments website with a vastly improved user experience.
Key Segments Profiled in the Post-Operative Cataract Surgery Inflammation Drug Treatment Market:
By Drug Class:
- Bromfenac
- Indomethacin
- Dicofenac
- Flurbiprofen
- Nepafenac
By Route of Administration:
- Oral
- Injectable
By Distribution Channel:
- Hospital pharmacy
- Online Pharmacy
- Retail pharmacy
By Region:
- North America
- Latin America
- Europe
- South Asia
- East Asia
- Oceania
- Middle East & Africa
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Author By:
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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