Europe Ophthalmic Drugs Market Size & Outlook, 2023-2030
Europe ophthalmic drugs market, 2018-2030 (US$M)
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Europe ophthalmic drugs market highlights
- The Europe ophthalmic drugs market generated a revenue of USD 9,648.3 million in 2023.
- The market is expected to grow at a CAGR of 7.9% 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, UK is expected to register the highest CAGR from 2024 to 2030.
Europe data book summary
| Market revenue in 2023 | USD 9,648.3 million |
| Market revenue in 2030 | USD 16,414.0 million |
| Growth rate | 7.9% (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, Europe region accounted for 25.5% 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 |
|---|
Europe 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 32.84% in 2023. Horizon Databook has segmented the Europe 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.
Europe held the second-largest share of the market in 2022, following North America, and is estimated to grow at a CAGR of 7.24% over the forecast period. The growth of the market in the region can be attributed to an increase in research funding and the local presence of key market players in this region.
Moreover, the population in Europe is rapidly aging. According to the UN, people aged over 65 constitute 19% of the population, which accounts for about 183 million. This population is at a relatively high risk of retinal diseases.
It is a chronic condition that can interfere with daily activities and lead to contact lens intolerance, may also have a negative impact on refractive surgery outcomes, and be linked to postocular surgery problems. This is projected to boost the demand for dry eye disease treatments in this region.
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Target buyers of Europe ophthalmic drugs market databook
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Our clientele includes a mix of ophthalmic drugs market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Europe ophthalmic drugs market , including forecasts for subscribers. This continent databook contains high-level insights into Europe ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Europe ophthalmic drugs market size, by country, 2018-2030 (US$M)
Europe Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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