Thailand Ophthalmic Drugs Market Size & Outlook, 2023-2030
Thailand ophthalmic drugs market, 2018-2030 (US$M)
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Thailand ophthalmic drugs market highlights
- The Thailand ophthalmic drugs market generated a revenue of USD 236.1 million in 2023 and is expected to reach USD 449.5 million by 2030.
- The Thailand market is expected to grow at a CAGR of 9.6% 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 236.1 million |
| Market revenue in 2030 | USD 449.5 million |
| Growth rate | 9.6% (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, Thailand accounted for 0.6% 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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Thailand 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 Thailand 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.
Thailand is highly dependent on medicinal plants and natural products for the development of medicine and medicinal products. There is a high prevalence of retinal diseases in the country, which has compelled research for the development of therapeutics for the same. Key players are focusing on collaborations and research to enhance the quality of life in the country.
For instance, in June 2021, Arctic Vision entered into a licensing agreement with Olympic Ophthalmic for the commercial distribution of iTEAR 100, a treatment for dry eye in South Korea and ASEAN countries, such as Thailand, Malaysia, Myanmar, Singapore, Vietnam, & China. Such initiatives are expected to help satisfy the demand for novel therapeutics.
Furthermore, rising initiatives to improve the healthcare infrastructure in the country are anticipated to propel the market growth in the country. To deal with the rising prevalence of retinal diseases, Thailand's Ministry of Public Health has established the Service Plan, a local health plan that incorporates 13 centers of excellence for certain specialties.
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Target buyers of Thailand 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 Thailand ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Thailand ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Thailand ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Thailand Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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