Asia Pacific Ophthalmic Drugs Market Size & Outlook
Asia Pacific ophthalmic drugs market, 2018-2030 (US$M)
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Asia Pacific ophthalmic drugs market highlights
- The Asia Pacific ophthalmic drugs market generated a revenue of USD 8,265.4 million in 2023.
- The market is expected to grow at a CAGR of 10% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Gene & Cell Therapy is the most lucrative drug class segment registering the fastest growth during the forecast period.
- Country-wise, Indonesia is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 8,265.4 million |
| Market revenue in 2030 | USD 16,136.6 million |
| Growth rate | 10% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Gene & Cell Therapy |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma, Gene & Cell Therapy |
| Key market players worldwide | Pfizer Inc, Alcon Inc, Novartis AG ADR, Bausch Health Companies Inc, Merck & Co Inc, Regeneron Pharmaceuticals Inc, AbbVie Inc, Bayer AG, Genentech, Nicox SA Share from reverse split, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 21.9% of the global ophthalmic drugs market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 16,136.6 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Asia Pacific ophthalmic drugs market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ophthalmic drugs market will help companies and investors design strategic landscapes.
Anti-vegf agents was the largest segment with a revenue share of 32.88% in 2023. Horizon Databook has segmented the Asia Pacific ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma, gene & cell therapy covering the revenue growth of each sub-segment from 2018 to 2030.
Asia Pacific is expected to grow at the fastest rate of 10.0% over the forecast period. The increasing burden of ophthalmic disorders and rising consumer awareness are expected to drive market growth in Asia Pacific. Nearly two-thirds of the Asia Pacific population is vision impaired or blind.
The presence of a welldistributed network of clinical laboratories and hospitals in India is enabling an improved market penetration of ophthalmic drugs. In addition, rapid economic development and an increase in awareness programs in this region are anticipated to propel market growth.
Asia Pacific consists of a blend of developing and developed economies. Increasing healthcare expenditure in the region is anticipated to fuel market growth. The increasing geriatric population and rising awareness of dry eye syndrome are among the major factors driving the market in this region.
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific ophthalmic drugs market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific ophthalmic drugs market size, by country, 2018-2030 (US$M)
Asia Pacific Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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