The global Bacterial Conjunctivitis Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Bacterial Conjunctivitis market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the bacterial conjunctivitis market was valued at USD 4.18 billion in 2021 and is expected to reach USD 5.81 billion by 2029, registering a CAGR of 4.20% during the forecast period of 2022 to 2029.
Top Companies in the Global Bacterial Conjunctivitis Market:
Eli Lilly and Company (U.S.), AstraZeneca (U.K.), Novartis AG (Switzerland), Johnson & Johnson Private Limited (U.S.), Teva Pharmaceutical Industries Ltd. (Ireland), Merck & Co., Inc. (U.S.), Allergan (Ireland), Bausch Health Companies Inc. (Canada), Abbott (U.S.), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer Inc. (U.S.), GlaxoSmithKline plc (U.K.), Sanofi (France), Merck KGaA (Germany), Sun Pharmaceutical Industries Ltd. (India), Endo International plc (Ireland), Apotex Inc. (Canada), Amneal Pharmaceuticals LLC. (U.S.), Fresenius Kabi AG (Germany), Torrent Pharmaceuticals Ltd. (India), among others.
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Market Segmentation:
The bacterial conjunctivitis market is segmented on the basis of types, drug class, route of administration, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Drug Class
- Antibiotics
- Fluoroquinolones
- Aminoglycosides
- Macrolides
- Others
- Antihistamines
- Corticosteroids
- Others
Types
- Hyperacute Bacterial Conjunctivitis
- Acute Bacterial Conjunctivitis
- Chronic Bacterial Conjunctivitis
Route of Administration
- Oral
- Topical
- Others
End-Users
- Hospitals
- Specialty Clinics
- Homecare
- Others
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America and Europe dominate the bacterial conjunctivitis market because of the rising healthcare expenditure and increasing prevalence of conjunctivitis cases in this region. Additionally, the growing focus of major key players in research and development activities will further propel the market's growth rate.
Asia-Pacific is expected to be the fastest-growing region during the forecast period of 2022-2029 due to the growing number of patient populations and the large number of generic manufacturers in this region. Also, development of healthcare infrastructure and rising government initiatives will further propel the market's growth rate in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Rising prevalence of bacterial conjunctivitis
The rising prevalence of bacterial conjunctivitis is anticipated to expand the market's growth rate. Conjunctivitis is on the rise around the world, with a large increase in the incidence and prevalence rate. Conjunctivitis affects millions of individuals worldwide, putting a financial and social strain on growing economies like China, India, and Korea. It is widely used in the United States, China, India, and other EU countries. According to the National Center for Biotechnology Information, acute conjunctivitis affects about 6 million people in the United States each year. Treatment for bacterial conjunctivitis is expected to cost between USD 377 and USD 857 million per year. Many state health agencies in the United States require students to be treated with topical antibiotic eye drops before returning to school, regardless of the underlying cause of conjunctivitis.
- Improved eye care system in hospitals and clinics globally
Conjunctivitis is treated effectively in all hospitals and clinics. It is unnecessary to seek treatment for conjunctivitis at a specialized eye hospital. The majority of conjunctivitis patients are treated by general care physicians rather than specialized eye care professionals. Conjunctivitis accounts for about 1% of all primary care office visits in the United States. A total of 70.0 percent of patients with acute conjunctivitis are treated in primary care and urgent care settings. Patients can receive specialist care from a variety of eye care hospitals, clinics, and research institutes, among others.
- Increasing cases of conjunctivitis in infants
The increasing number of cases of conjunctivitis in infants is estimated to enhance the market's growth rate. A large number of new-borns are affected with bacterial conjunctivitis. New-borns with this syndrome are particularly vulnerable to catastrophic consequences. As a result, treatment for this ailment cannot be postponed. All of the major hospitals, clinics, and institutes actively assist the treatment of new-borns as soon as possible. After a baby develops conjunctivitis, ointment or prescribed eye drops are recommended. Chemical, bacterial, inclusion, and even childhood conjunctivitis are other types of conjunctivitis in new-borns that can go away in a few weeks under the guidance of a specialist.
Furthermore, a surging number of government initiatives to spread awareness and sedentary lifestyle will result in the expansion of bacterial conjunctivitis market. Along with this, rising level of disposable income and increased exposure to chemicals and pollutants will enhance the market's growth rate.
Opportunities
- Increasing investment for healthcare infrastructure
Another significant factor influencing the growth rate of bacterial conjunctivitis market is the rising healthcare expenditure which helps in improving its infrastructure. Government policies all around the world are focusing on strengthening the healthcare system by boosting healthcare budgets and creating consistent policies. Governments all throughout the world are supporting the healthcare system. The world's healthcare system has benefited from increased healthcare spending. Developed economies, such as the U.S., U.K., Germany, and Canada, invest substantial money in healthcare. China, Korea, India, and Korea are among the growing economies that are expanding their healthcare spending.
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