U.S. Ophthalmic Drugs Market Size & Outlook, 2023-2030
U.S. ophthalmic drugs market, 2018-2030 (US$M)
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U.S. ophthalmic drugs market highlights
- The U.S. ophthalmic drugs market generated a revenue of USD 15,531.2 million in 2023 and is expected to reach USD 25,551.2 million by 2030.
- The U.S. market is expected to grow at a CAGR of 7.4% 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.
Ophthalmic drugs market data book summary
| Market revenue in 2023 | USD 15,531.2 million |
| Market revenue in 2030 | USD 25,551.2 million |
| Growth rate | 7.4% (CAGR from 2023 to 2030) |
| Largest segment | Anti-vegf agents |
| Fastest growing segment | Gene & Cell Therapy |
| 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, 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, U.S. accounted for 41.1% 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 North America, U.S. ophthalmic drugs market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 2,736.4 million by 2030.
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Ophthalmic Drugs Market Scope
Ophthalmic Drugs Market Companies
| Name | Profile | # Employees | HQ | Website |
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U.S. 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 32.51% in 2023. Horizon Databook has segmented the U.S. 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.
Frequent approvals and new product launches are supporting the market growth in the U.S. Due to the increasing coverage of ophthalmic drugs under healthcare plans, the out-of-pocket expenditure on drugs has significantly decreased in the last decade.
In addition, increasing awareness about ophthalmic disorders in the country is estimated to boost the overall market over the forecast period. For instance, the American Academy of Ophthalmology provides data on patients suffering from different ophthalmic disorders, such as such as key statistics, and information related to awareness campaigns for particular disorders.
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Target buyers of U.S. 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 U.S. ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into U.S. ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
U.S. Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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