South Africa Ophthalmic Drugs Market Size & Outlook
South Africa ophthalmic drugs market, 2018-2030 (US$M)
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South Africa ophthalmic drugs market highlights
- The South Africa ophthalmic drugs market generated a revenue of USD 188.7 million in 2023 and is expected to reach USD 392.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 11% 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 188.7 million |
| Market revenue in 2030 | USD 392.0 million |
| Growth rate | 11% (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, South Africa accounted for 0.5% 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 Middle East & Africa, South Africa ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 392.0 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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South Africa 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 32.91% in 2023. Horizon Databook has segmented the South Africa 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.
The South African market is expected to witness significant growth due to improved infrastructure and healthcare-related regulations. The South African government commemorated the 20th of September to the 17th of October as the eye care awareness month to raise awareness about the importance of eye health.
Moreover, in September 2022, the South African Optometric Association planned to increase awareness about preventable blindness and the importance of routine eye examinations. Such initiatives are expected to boost the growth of the ophthalmic drugs market over the forecast period.
Furthermore, aging generates structural and physiological changes that predispose humans to visual morbidity (such as presbyopia, AMD, cataract, and glaucoma), which contributes to market growth. According to the United Nations Population Fund's 2022 statistics, a major proportion of the live population of South Africa is aged 15-64, accounting for 66% in 2022.
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Target buyers of South Africa 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 South Africa ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into South Africa ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
South Africa Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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