Conjunctivitis Market to Reach $7.2 Billion, Globally, by 2033 at 4.1% CAGR: Allied Market Research

The global conjunctivitis market size was valued at $4.8 billion in 2023, and is projected to reach $7.2 billion by 2033, growing at a CAGR of 4.1%.

PORTLAND, OR, UNITED STATES, December 17, 2024 /EINPresswire.com/ -- Allied Market Research published a report, titled, "Conjunctivitis Market by Type (Diagnosis and Treatment), by Disease Type (Allergic Conjunctivitis, Bacterial Conjunctivitis and Viral Conjunctivitis), and End User (Hospitals and Clinics, Specialty Eye Clinics and Others): Global Opportunity Analysis and Industry Forecast, 2024-2033". According to the report, the conjunctivitis market was valued at $4.8 billion in 2023, and is estimated to reach $7.2 billion by 2033, growing at a CAGR of 4.1% from 2024 to 2033.

𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭 -
https://www.alliedmarketresearch.com/request-sample/A324393

Prime determinants of growth

Increase in prevalence of conjunctivitis, rise in awareness about early diagnosis & treatment, and increase in R&D activities for the development of conjunctivitis treatment are the major factors that drive the growth of the conjunctivitis market. However, the side effects associated with conjunctivitis drugs restrict market growth. Moreover, high growth potential in developing economies offers remunerative opportunities for the expansion of the global conjunctivitis market.

Segment Highlights

The treatment segment held the highest market share in 2023.

By type, the treatment segment accounted for the largest share of the market in 2023. The dominance of this segment is attributed to its effectiveness in managing symptoms of allergic conjunctivitis, which include itching, redness, and swelling caused by allergens such as pollen and pet dander. In addition, their widespread availability in various formulations, including eye drops and oral medications, enhances patient compliance and treatment efficacy, thereby boosting segment growth.

The allergic conjunctivitis segment held the highest market share in 2023.

By disease type, the allergic conjunctivitis segment dominated the market in 2023 owing to increase in prevalence of allergic conjunctivitis. In addition, rise in environmental allergens and surge in awareness among patients and healthcare providers have fueled demand for effective treatments, including antihistamines and mast cell stabilizers, driving segment growth.

The hospital and clinics segment has significant role in market

By end user, the hospital and clinics segment plays a significant role in market as hospital and clinics are equipped enough to dispense a wide range of prescription medications, including advanced anti-infectives and anti-allergic drugs. In addition, they provide specialized care, access to advanced diagnostic tools, and effective treatment options, driving significant market demand. Further, the emphasis on patient safety and infection control in these settings enhances the importance of their role in managing conjunctivitis.

𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 (𝟐𝟐𝟎 𝐏𝐚𝐠𝐞𝐬 𝐏𝐃𝐅 𝐰𝐢𝐭𝐡 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬, 𝐂𝐡𝐚𝐫𝐭𝐬, 𝐓𝐚𝐛𝐥𝐞𝐬, 𝐚𝐧𝐝 𝐅𝐢𝐠𝐮𝐫𝐞𝐬) @
https://www.alliedmarketresearch.com/conjunctivitis-market/purchase-options

Regional Outlook

North America held the largest market share in 2023.

North America accounted for the largest market share in the conjunctivitis market in 2023 and is expected to retain its dominance throughout the forecast period. This is primarily attributed to a well-established healthcare infrastructure and high healthcare expenditure, facilitating access to advanced diagnostic and treatment options. In addition, rise in awareness of eye health, surge in importance of early treatment among the population, presence of leading pharmaceutical companies, and ongoing R&D activities contribute to market growth in this region.

Major Key Players -

AbbVie Inc.

Ajanta Pharma Limited

AFT Pharmaceuticals

Alembic Pharmaceuticals Ltd

Bausch Health Companies Inc

Cipla, Inc.

Grevis Pharmaceutical Private Limited

Indoco Remedies Ltd.

Johnson & Johnson Services Inc  

Novartis AG

The report provides a detailed analysis of these key players in the global conjunctivitis market. These players have adopted different strategies such as agreement, product launch, and product approval to increase their market share and maintain dominant shares in different regions. The report is valuable in highlighting business performance, operating segments, product portfolio, and strategic moves of market players to highlight the competitive scenario.

Recent Developments in Conjunctivitis Industry

In January 2022, Sun Pharma announced the launch of CEQUA in Canada. It is used to treat dry eye disease.

In February 2021, Bausch + Lomb announced the U.S. launch of its of Alaway preservative free (ketotifen fumarate ophthalmic solution 0.035%) antihistamine eye drops, the first and only over the counter (OTC) preservative-free antihistamine eye itch relief drop.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐲 𝐈𝐧 𝐃𝐞𝐭𝐚𝐢𝐥 -
https://www.alliedmarketresearch.com/purchase-enquiry/A324393

Frequently Asked Questions?

Q1. What is the total market value of conjunctivitis market report ?

Q2. What would be forecast period in the market report?

Q3. What are the key trends in the conjunctivitis market report?

Q4. What factors are driving the growth of the conjunctivitis market?

Q5. What is the market value of conjunctivitis market in 2033?

Q6. Which is the largest regional market for conjunctivitis?

Q7. What is conjunctivitis?

♦ 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐥𝐚𝐭𝐞𝐝 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐰𝐢𝐭𝐡 𝐌𝐚𝐫𝐤𝐞𝐭 𝐈𝐧𝐬𝐢𝐠𝐡𝐭𝐬 –

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