Singapore Ophthalmic Drugs Market Size & Outlook
Singapore ophthalmic drugs market, 2018-2030 (US$M)
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Singapore ophthalmic drugs market highlights
- The Singapore ophthalmic drugs market generated a revenue of USD 277.9 million in 2023 and is expected to reach USD 549.1 million by 2030.
- The Singapore market is expected to grow at a CAGR of 10.2% from 2024 to 2030.
- In terms of segment, anti-vegf agents was the largest revenue generating drug class in 2023.
- Anti-VEGF agents is the most lucrative drug class segment registering the fastest growth during the forecast period.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 277.9 million |
| Market revenue in 2030 | USD 549.1 million |
| Growth rate | 10.2% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Anti-VEGF agents |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Anti-Allergy, Anti-VEGF agents, Anti-inflammatory, Anti-glaucoma |
| 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, Singapore accounted for 0.7% of the global ophthalmic drugs market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, Japan ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- Indonesia is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,204.9 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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Singapore 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 32.85% in 2023. Horizon Databook has segmented the Singapore ophthalmic drugs market based on anti-allergy, anti-vegf agents, anti-inflammatory, anti-glaucoma covering the revenue growth of each sub-segment from 2018 to 2030.
Singapore's ophthalmic drugs market is expected to witness considerable growth during the forecast period. The country has established itself as a manufacturing hub of pharmaceutical & biopharmaceutical products. The favorable business environment has encouraged many pharmaceutical companies to open offices in the country.
The rising R&D supported by funding from public and private organizations is propelling the market growth in the country, for instance, in October 2022, The Singapore Eye Research Institute announced the launch of a USD 25 million glaucoma program in Singapore.
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Target buyers of Singapore 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 country-level data and insights on the Singapore ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Singapore ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Singapore ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Singapore Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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