Vietnam Ophthalmic Drugs Market Size & Outlook, 2023-2030
Vietnam ophthalmic drugs market, 2018-2030 (US$M)
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Vietnam ophthalmic drugs market highlights
- The Vietnam ophthalmic drugs market generated a revenue of USD 460.2 million in 2023 and is expected to reach USD 926.2 million by 2030.
- The Vietnam market is expected to grow at a CAGR of 10.5% 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 460.2 million |
| Market revenue in 2030 | USD 926.2 million |
| Growth rate | 10.5% (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, Vietnam accounted for 1.2% 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 |
|---|
Vietnam 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 32.81% in 2023. Horizon Databook has segmented the Vietnam 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 high patient burden is likely to boost demand for effective therapeutics to treat retinal disease in the country. There is a wide distribution network, coupled with the geographic expansion of key players in the market, which is further propelling the market growth.
However, one of the major factors hampering the growth of the market is that patients in the country generally tend to visit hospitals and seek medical help when they are completely blind, which propels the need to spread awareness and enhance healthcare facilities in the country.
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Target buyers of Vietnam 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 Vietnam ophthalmic drugs market , including forecasts for subscribers. This country databook contains high-level insights into Vietnam ophthalmic drugs market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Vietnam ophthalmic drugs market size, by drug class, 2018-2030 (US$M)
Vietnam Ophthalmic Drugs Market Outlook Share, 2023 & 2030 (US$M)
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