PUBLISHER: The Business Research Company | PRODUCT CODE: 1455178
PUBLISHER: The Business Research Company | PRODUCT CODE: 1455178
Bacterial conjunctivitis is an infection affecting the mucous membrane of the eye, known as the conjunctiva. This membrane extends from the back surface of the eyelids (palpebral and tarsal conjunctiva) to the fornices and over the globe (bulbar conjunctiva) until it merges with the cornea at the limbus. This condition is highly contagious, easily transmitted through direct or indirect contact with the infected person's eye secretions.
The primary types of bacterial conjunctivitis include hyperacute bacterial conjunctivitis, acute bacterial conjunctivitis, and chronic bacterial conjunctivitis. Hyperacute bacterial conjunctivitis is an exceptionally severe and rapidly progressing form of this infection, characterized by inflammation of the conjunctiva. Various drug classes, such as antibiotics, fluoroquinolones, aminoglycosides, macrolides, antihistamines, corticosteroids, and others, are available for treatment. These medications can be administered through different routes, including oral and topical. Distribution channels for these drugs encompass hospital pharmacies, retail pharmacies, online pharmacies, and other outlets.
The bacterial conjunctivitis market research report is one of a series of new reports from The Business Research Company that provides bacterial conjunctivitis market statistics, including bacterial conjunctivitis industry global market size, regional shares, competitors with a bacterial conjunctivitis market share, detailed bacterial conjunctivitis market segments, market trends and opportunities, and any further data you may need to thrive in the bacterial conjunctivitis industry. This bacterial conjunctivitis market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The bacterial conjunctivitis market size has grown strongly in recent years. It will grow from $4.29 billion in 2023 to $4.52 billion in 2024 at a compound annual growth rate (CAGR) of 5.5%. The growth observed in the historical period can be attributed to factors such as the increasing incidence of bacterial infections, advancements in diagnostic capabilities, patient education and awareness programs, a stringent regulatory framework, and the training and expertise of physicians.
The bacterial conjunctivitis market size is expected to see steady growth in the next few years. It will grow to $5.34 billion in 2028 at a compound annual growth rate (CAGR) of 4.2%. The anticipated growth in the forecast period can be linked to factors such as global population growth, escalating urbanization and pollution, a heightened focus on preventive eye care, initiatives for global health preparedness, the expansion of teleophthalmology services, and increased collaboration in research and development. Key trends expected in the forecast period include innovation in drug delivery technologies, the customization of treatment regimens, the use of broad-spectrum antibiotics, the introduction of adjunctive therapies, and an emphasis on patient education and prevention strategies.
The bacterial conjunctivitis market is poised for growth due to the increasing prevalence of eye infections. Eye infections, caused by microorganisms such as bacteria, viruses, fungi, or parasites, encompass conditions such as conjunctivitis, trachoma, and keratitis. Bacterial conjunctivitis, a specific type treatable with prescribed medications and hygiene measures, is on the rise. For instance, in 2021, the World Health Organization reported that approximately 69,000 people underwent surgery for the late stage of trachoma, an eye bacterial infection, while 64.6 million received antibiotics treatment for trachoma. Additionally, The BrightFocus Foundation noted that the global glaucoma sufferers reached 80 million in 2022, projected to rise to nearly 111 million by 2040. Hence, the increasing prevalence of eye infections is a driving force behind the growth of the bacterial conjunctivitis market.
The bacterial conjunctivitis market is expected to experience growth fueled by the increasing geriatric population. Individuals aged 65 and older are more susceptible to bacterial conjunctivitis due to age-related changes in the immune system and a higher likelihood of comorbidities. The World Health Organization's report in October 2022 projected that by 2030, 1 in 6 people globally would be aged 60 or above, reaching 1.4 billion. Furthermore, by 2050, the population aged 60 and older is expected to double to 2.1 billion, with those 80 and older tripling to 426 million. This demographic shift toward an aging population is a key factor driving the bacterial conjunctivitis market.
Limited awareness about the importance of eye care is anticipated to hinder the growth of the bacterial conjunctivitis market. The lack of knowledge and understanding about eye health and diseases emphasizes the need for increased education and awareness to promote better eye hygiene practices and prevent bacterial conjunctivitis. For instance, a Global Eye Health Survey conducted by Johnson & Johnson in October 2021 revealed that despite acknowledging the critical importance of eye health, 70% of adults globally did not plan to get their eyes examined that year. Only 52% of respondents reported getting annual eye exams, indicating a gap in awareness that poses a challenge to the bacterial conjunctivitis market.
Major players in the bacterial conjunctivitis market are intensifying their efforts to develop innovative eye drops, particularly broad-spectrum eye drops, to optimize their revenues. These medications are specifically formulated to address various eye infections caused by diverse bacteria. Unsuch as targeting specific bacterial types, broad-spectrum eye drops contain antibiotics effective against a wide range of bacteria. An example of this is the launch of Vigamox (moxifloxacin hydrochloride ophthalmic solution) 0.5% by Harrow Health, a US-based pharmaceutical company, in June 2023. Vigamox, a fluoroquinolone antibiotic eye drop, is designed for the treatment of bacterial conjunctivitis.
In January 2023, Harrow Health further strengthened its position in the ophthalmic pharmaceutical market by acquiring the U.S. commercial rights to five ophthalmic drugs, namely Ilevro, Nevanac, Vigamox, Maxidex, and Triesence, from Novartis AG for $175 million. This strategic acquisition is expected to support Harrow Health's expansion in the field of ophthalmology, serving as a valuable addition to its geographic reach. Novartis AG, a Swiss-based pharmaceutical company, specializes in offering a diverse range of medications tailored to treat various eye conditions, including bacterial conjunctivitis.
Major companies operating in the bacterial conjunctivitis market report are Pfizer Inc., Johnson & Johnson, F. Hoffman La-Roche Ltd., Merck & Co. Inc., AbbVie Inc., Bayer AG, Sanofi S.A., AstraZeneca PLC, GlaxoSmithKline PLC, Eli Lilly and Company, Teva Pharmaceutical Industries Ltd., Alcon, Sun Pharmaceutical Industries Ltd., Bausch + Lomb, Dr. Reddy's Laboratories Ltd., Aurobindo Pharma Ltd., Cipla Ltd., Hikma Pharmaceuticals, Santen Pharmaceutical Co. Ltd., Lupin Pharmaceuticals, Glenmark Pharmaceuticals Ltd., Jubilant Life Sciences Ltd., Alembic Pharmaceuticals Ltd., Macleods Pharmaceuticals Ltd., Ocular Therapeutix Inc., Aldeyra Therapeutics, Nicox SA, IACTA Pharmaceuticals Inc., Cellics Therapeutics Inc.
North America was the largest region in the bacterial conjunctivitis market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the bacterial conjunctivitis market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the bacterial conjunctivitis market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The bacterial conjunctivitis market consists of revenues earned by entities by providing services such as diagnostic tests, visual acuity testing, and physical examinations. The market value includes the value of related goods sold by the service provider or included within the service offering. The bacterial conjunctivitis market also includes sales of eye drops, eye ointments, cold compresses, and artificial tears. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Bacterial Conjunctivitis Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on bacterial conjunctivitis market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for bacterial conjunctivitis ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The bacterial conjunctivitis market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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