An allergic reaction to things such as pollen, mold, or spores can result in an eye inflammation known as allergic conjunctivitis. The conjunctiva is a membrane that covers the interior of the eyelids and the surface of the eyeball. Allergens can irritate the conjunctiva, especially during the hay fever season. Conjunctivitis due to an allergy is extremely prevalent. It is a response by individual’s body to chemicals that it seems to be potentially dangerous.
Conjunctivitis caused by allergens is one of the most commonly occurring allergies. According to the Asthma and Allergy Foundation of America, allergies run in families and impact 30% of adults and 40% of children. Common signs of allergic conjunctivitis include red, watery, burning, and itchy eyes. It's also possible to have puffy eyes when one first wake up in the morning.
The major factors that drive the growth of the allergic conjunctivitis market are increase in patient population suffering from ocular allergies. According to National Centre of medicine allergic conjunctivitis or conjunctival symptoms are present in 30-71% of patients with allergic rhinitis as many people are suffering from allergic conjunctivitis demand for drugs increases. In addition, many key market players are focusing on R&D activities to develop new drugs for the treatment of ocular allergies is a key trend of the market, which is expected to fuel the growth in the forecast period.
Furthermore, poor hygienic practices such as touching eyes with unclean hands, using contaminated makeup & lotions causes ocular allergy, which is anticipated to drive the market growth in the near future. Rise in prevalence of sexually transmitted diseases tends to drive the market growth. The most prevalent STIs are chlamydia and gonorrhoea, and both can result in conjunctivitis. Either directly through sexual fluids like semen or when infected individuals rub their eyes after contacting infected genital areas, which are the two ways the illness enters the eye. Thus, such high number of cases are expected to boost the allergic conjunctivitis procedures.
However, unfavorable reimbursements scenarios and lack of awareness of ocular allergies are expected to hinder the growth of the market. Conversely, rapid rise in urbanization leads to more exposure to chemicals and pollutants in both developed and developing countries, which is expected to provide a great opportunity for the investors to invest in the market.
The global allergic conjunctivitis market is segmented on the basis of drug class, disease type, distribution channel, and region. On the basis of drug class, the market is categorized into antihistamines & mast cell, corticosteroids, and others. By disease type, it is divided into seasonal allergic conjunctivitis (SAC) and perennial allergic conjunctivitis (PAC). The seasonal allergic conjunctivitis (SAC) and perennial allergic conjunctivitis (PAC) each are further sub segmented by age group into adult and pediatric. By distribution channel, it is segmented into hospital pharmacies, drug store & retail pharmacies and online providers. Region-wise, it is analyzed across North America, Europe, Asia-Pacific, and Latin America, the Middle East, and Africa (LAMEA).
The major players profiled in the report are AbbVie Inc., Ajanta Pharma Limited, Akron Operating Company LLC, Alembic Pharmaceuticals Ltd, Bausch Health Companies Inc , Cipla, Inc., Grevis Pharmaceutical Private Limited , Indoco Remedies Ltd., Jabs Biotech Pvt. Ltd., JAWA Pharmaceuticals Pvt. Ltd, Johnson & Johnson Services Inc., Novartis AG, Ocular Therapeutics, Inc., Santen Pharmaceuticals Co. Ltd., Spectra Vision Care Pvt. Ltd, Sun Pharmaceuticals Industries Ltd andTeva Pharmaceutical Industries Ltd.
KEY BENEFITS FOR STAKEHOLDERS
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the allergic conjunctivitis market analysis from 2021 to 2031 to identify the prevailing allergic conjunctivitis market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the allergic conjunctivitis market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global allergic conjunctivitis market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Drug Class
- Antihistamines Mast Cell Stabilizers
- Corticosteroids
- Others
By Disease Type
- Seasonal Allergic Conjunctivitis (SAC)
- Perennial Allergic Conjunctivitis (PAC)
By Distribution Channel
- Hospital Pharmacies
- Drug stores Retail Pharmacies
- Online providers
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- Japan
- China
- Australia
- India
- South Korea
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
- AbbVie Inc.
- Ajanta Pharma Limited
- Akron Operating Company LLC
- Alembic Pharmaceuticals Ltd.
- Bausch Health Companies Inc.
- Cipla Ltd
- Grevis Pharmaceutical Private Limited
- Indoco Remedies Ltd.
- Jabs Biotech Pvt. Ltd.
- JAWA Pharmaceuticals Pvt. Ltd.
- Johnson and Johnson
- Novartis AG
- Ocular Therapeutics, Inc.
- Santen Pharmaceuticals Co. Ltd.
- Spectra Vision Care Pvt. Ltd.
- Sun Pharmaceuticals Industries Ltd
- Teva Pharmaceutical Industries Ltd.
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Table of Contents
Executive Summary
According to the report, titled, “Allergic Conjunctivitis Market," the allergic conjunctivitis market was valued at $1.9 billion in 2021, and is estimated to reach $3 billion by 2031, growing at a CAGR of 4.3% from 2022 to 2031.The term "allergic conjunctivitis" refers to a common type of allergic eye condition in which the conjunctiva of the eye becomes inflamed as a result of an allergic reaction. A sizable population is affected by this disease, yet both patients and medical staff frequently overlook it or fail to properly diagnose it. When an allergen comes into touch with the eyes of allergic people are affected by allergic conjunctivitis. Histamine is released in response to the allergen. Typically, this causes the conjunctivae to itch, get red, burn, or tear. These are the delicate membranes that cover the exposed area of the eyes and the eyelids.
Allergic conjunctivitis can be seasonal or perennial. The seasonal type is far more prevalent. It has to do with coming into contact with allergens in the air, including mold or pollen from grass, trees, and weeds. The perennial type lasts all year and is typically brought on by molds, animal dander, or dusts.
The rise in the number of patients is one of the main drivers of the allergic conjunctivitis market's expansion. Morever, allergic conjunctivitis market trends are anticipated to fuel growth in the forecast period is that several major market players are concentrating on R&D operations to create new medications for the treatment of ocular allergies to fulfill the demand of the growing patient pool. The use of contaminated makeup and lotions, rubbing the eyes with dirty hands, and other poor hygiene habits contribute to ocular allergies, which are expected for the allergic conjunctivitis market growth. The increase in the prevalence of STDs typically fuels market expansion. Chlamydia and gonorrhea, the two STIs that are most common, can both cause conjunctivitis.
The lack of awareness about ocular allergies is anticipated to impede market expansion, notwithstanding challenging reimbursements conditions. In contrast, the rapid increase in urbanization that causes increased exposure to chemicals and pollutants in both developed and emerging countries is anticipated to offer enormous investment opportunities in allergic conjunctivitis industry.
By drug class, the market is segmented into antihistamines & mast cell stabilizers, corticosteroids, and others. The antihistamines & mast cell stabilizers segment dominated the allergic conjunctivitis market size in 2021, accounting $1171.22million and also expected to witness highest CAGR of 4.81% during the forecast period, owing to new product launches by various key market players.
Depending on disease type, the market is divided into seasonal allergic conjunctivitis (SAC) and perennial allergic conjunctivitis (PAC) The seasonal allergic conjunctivitis (SAC) segment dominated the market in 2021, with $1264.98million and is also expected to witness highest CAGR of4.66% during the forecast period, owing to prevalence of incidence of seasonal allergic conjunctivitis.
Depending on distribution channel, the market is divided into hospital pharmacies, drug store & retail pharmacies and online providers. The drug stores & retail pharmacies segment dominated the market in 2021, with $1174.69million owing to its presence in commercial areas of the community. The online providers segment is expected to witness highest CAGR of 3.85%during the forecast period, owing to popular medium for purchase of medicines
North America accounted for a majority of the global allergic conjunctivitis market share in 2021, and is anticipated to remain dominant during the forecast period. This is attributed to technological advancements in allergic conjunctivitis techniques, R & D of advanced drugs for allergic conjunctivitis, presence of key and robust hospital infrastructure in the region. However, Asia-Pacific is anticipated to witness notable growth, owing to rise in patient population, development of healthcare infrastructure and increase in investments projects in the region.
Key Findings of the Study
- By drug class, the antihistamines & mast cell stabilizers segment was the highest contributor to the market in 2021.
- By disease type, the seasonal allergic conjunctivitis segment was the highest contributor to the market in 2021.
- Depending on distribution channel, the drug store & retail pharmacies segment was highest contributor in 2021, and is expected to continue this trend during the forecast period.
- Region wise, North America garnered the largest revenue share in 2021, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the forecast period.
Companies Mentioned
- Abbvie Inc.
- Ajanta Pharma Limited
- Akron Operating Company LLC
- Alembic Pharmaceuticals Ltd.
- Bausch Health Companies Inc.
- Cipla Ltd
- Grevis Pharmaceutical Private Limited
- Indoco Remedies Ltd.
- Jabs Biotech Pvt. Ltd.
- Jawa Pharmaceuticals Pvt. Ltd.
- Johnson and Johnson
- Novartis AG
- Ocular Therapeutics, Inc.
- Santen Pharmaceuticals Co. Ltd.
- Spectra Vision Care Pvt. Ltd.
- Sun Pharmaceuticals Industries Ltd
- Teva Pharmaceutical Industries Ltd.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 303 |
Published | July 2022 |
Forecast Period | 2021 - 2031 |
Estimated Market Value ( USD | $ 1937.99 million |
Forecasted Market Value ( USD | $ 2954.2 million |
Compound Annual Growth Rate | 4.3% |
Regions Covered | Global |
No. of Companies Mentioned | 17 |