Eye is an integral part of body. People are more aware of vision care. Eye-allergy symptoms are very annoying. Many allergens that cause eye allergies are transmitted through the air, increasing air pollution from carbon emissions and increasing the prevalence of eye allergies. Eye allergies are mainly caused by outdoor allergens like trees & weeds, pollen from grass, dust mites & mold, indoor allergens like pet dander, and irritants including perfume, cigarette smoke, and diesel exhaust.
An eye allergy affects the conjunctiva; it can be called allergic conjunctivitis. The allergic conjunctiva is a transparent layer of the mucous membrane that lines the eyes. Perennial allergic conjunctivitis (PAC) and Seasonal allergic conjunctivitis (SAC) are common types of eye allergies. Eye allergies can be treated with eye drops such as decongestants, antihistamines, mast cell stabilizers, corticosteroids, NSAIDs, immunotherapy, and oral non-sedating antihistamines.
As per analysis, “Global Eye Allergy Therapeutics Industry Research Report 2021 Segmented by Major Market Players, Types, Applications and Countries Forecast to 2027” the key companies operating in the global eye allergy therapeutics market include Novartis, Akorn, Bausch Health, Santen Pharmaceutical, Allergan and among others. Some of the key strategies followed by the players in the global Eye Allergy Treatment Market have been product innovation, development, acquisition and expansion. The increased competition between new & existing market participants also contributes to this in order to develop practicable and efficient treatment methods for eye allergies to market growth.
Based on types, eye allergy therapeutics market is segmented as Corticosteroids, Antihistamines and Immunomodulators. The therapeutic efficacy of antihistamines in treating sign & symptoms related to eye allergies will drive the growth of the eye allergy therapy market in this segment. In addition, based on application, market is segmented as pharmacy, hospitals and others.
Growth in number of people suffering from various types of eye allergies, followed by increase in FDA approval for immunotherapy-based treatments and emergence of novel therapies are some major factors, which are responsible for growth of the eye allergy therapeutics market. Apart from this, lack of awareness in a rural area is a restraining factor for market. Moreover, introduction of advanced therapies is a leading opportunity for market.
Based on regional analysis, the North-America is a leading region in global eye allergy therapeutics market owing to presence of a proper regulatory framework for new drug approvals across the region. The Asia-Pacific and Europe regions are estimated to witness higher growth rate due to increase in investments in research & development (R&D) over the forecast period. It is projected that future of the global eye allergy therapeutics market will be bright as a result of increase in healthcare expenditure coupled with growth in patient population with eye disorders during the forecast period.
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Global Eye Allergy Therapeutics Market Future Outlook, 2021-2027
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