PUBLISHER: The Business Research Company | PRODUCT CODE: 1670789
PUBLISHER: The Business Research Company | PRODUCT CODE: 1670789
Ocular drug delivery is the process of administering medications or therapeutic agents directly to the eye. This method targets various ocular tissues to treat a range of eye conditions. It enhances drug bioavailability, ensures targeted treatment, and minimizes systemic side effects, resulting in improved patient outcomes for conditions such as glaucoma, infections, and retinal disorders.
The key technology types in ocular drug delivery include implantable ocular drug delivery systems, particulate drug delivery systems, nano-particle drug delivery systems, and others. Implantable ocular drug delivery systems are designed for controlled drug release and are constructed from polymers that either degrade over time or remain intact. They come in diverse formulations, including liposomes, nanoparticles, solutions, emulsions, suspensions, and ointments. These systems find application in treating a range of eye conditions such as glaucoma, diabetic retinopathy, dry eye syndrome, macular degeneration, cataracts, diabetic macular edema, among others. Various end-users, including hospitals, ophthalmic clinics, and ambulatory surgical centers, utilize these delivery systems for administering ocular drugs effectively.
The ocular drug delivery market research report is one of a series of new reports from The Business Research Company that provides ocular drug delivery market statistics, including ocular drug delivery industry global market size, regional shares, competitors with an ocular drug delivery market share, detailed ocular drug delivery market segments, market trends and opportunities, and any further data you may need to thrive in the ocular drug delivery industry. This ocular drug delivery market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The ocular drug delivery market size has grown strongly in recent years. It will grow from $18.14 billion in 2024 to $19.31 billion in 2025 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to a rise in ocular diseases, aging population trends, advancements in pharmaceutical formulations, clinical advancements in ophthalmology, prevalence of diabetes-related eye conditions
The ocular drug delivery market size is expected to see strong growth in the next few years. It will grow to $27.18 billion in 2029 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to the rising incidence of age-related eye diseases, focus on personalized medicine in ophthalmology, increased investment in ophthalmic research, demand for prolonged drug release, and global initiatives for eye health. Major trends in the forecast period include the integration of smart drug delivery devices, personalized medicine in ocular drug formulations, the development of topical ophthalmic therapies, and collaborations for cross-industry innovations.
The anticipated growth in the ocular drug delivery market is expected to be propelled by the increasing prevalence of eye disorders. Eye disorders encompass a broad spectrum of conditions affecting the eyes, vision, or surrounding eye structures. Ocular drug delivery plays a pivotal role by delivering medications directly to the targeted site, optimizing therapeutic efficacy, minimizing systemic adverse effects, and addressing various eye disorders. For example, global estimates from the World Health Organization in March 2023 indicate that 2.2 billion people worldwide will experience near- or far-sighted impairment. Cataracts (94 million cases) and uncorrected refractive problems (88.4 million cases) stand out as the primary causes of visual impairment. Additionally, conditions such as glaucoma (7.7 million cases), corneal opacities (4.2 million cases), diabetic retinopathy (3.9 million cases), and trachoma (2 million cases) contribute significantly to vision loss. The increasing prevalence of eye disorders is thus a key driver for the growth of the ocular drug delivery market.
The increasing geriatric population is anticipated to drive the growth of the ocular drug delivery market in the future. The geriatric population typically includes individuals aged 65 and older. With age, the prevalence of eye diseases such as age-related macular degeneration, glaucoma, and cataracts rises. Fortunately, advancements in ocular drug delivery are providing effective treatment options for these conditions in older adults. For example, in January 2024, the Population Reference Bureau, a Kenya-based nonprofit organization, projected that the number of Americans aged 65 and older will increase from 58 million in 2022 to 82 million by 2050, representing a 47% rise. Additionally, this age group's share of the total population is expected to grow from 17% to 23% during the same timeframe. Thus, the expanding geriatric population is propelling the ocular drug delivery market.
Product innovation stands out as a prominent trend gaining traction in the ocular drug delivery market, with companies making significant efforts to introduce novel products and technologies to maintain their competitive edge. An example of this trend is evident in the initiatives of Alcon AG, a Swiss pharmaceutical and medical device company specializing in eye care products. In March 2023, Alcon launched TOTAL30 for astigmatism and SYSTANE HYDRATION for dry eye and ocular health. TOTAL30, the first Toric lens of its kind, combines Water Gradient and Celligent Technology to mimic the ocular surface's structure, providing superior performance in comfort, stability, and visual acuity. SYSTANE HYDRATION PF, an ocular health eye drop, employs HydroBoost technology to restore moisture, prevent irritation, and offer relief from dry eye symptoms.
Major players in the ocular drug delivery market are particularly focused on innovative solutions, including ophthalmic solutions targeting the signs and symptoms of dry eye disease (DED). An ophthalmic solution is a liquid medication applied directly to the eye for treating or preventing various eye conditions. For instance, Bausch + Lomb, a Canada-based pharmaceutical company specializing in ophthalmic products, launched Miebo, a perfluorohexyloctane ophthalmic solution, in the United States in September 2023. This prescription eye drop, administered four times a day, is water-, preservative-, and steroid-free, designed to reduce tear evaporation at the ocular surface and alleviate the signs and symptoms of dry eye disease.
In June 2022, Novartis AG, a Switzerland-based provider of innovative science and digital technologies for medical treatments, made a strategic move by acquiring Kedalion Therapeutics Inc. and its innovative ocular delivery platform for an undisclosed amount. This acquisition is expected to enhance Novartis's ophthalmic portfolio, allowing the company to deliver customer- and patient-centric advancements in ocular treatments. Novartis's commitment to reimagining medicine and improving medication delivery and patient experience is underscored by this acquisition. Kedalion Therapeutics Inc., the acquired entity, is a US-based developer and commercializer of transformative topical ophthalmic therapies.
Major companies operating in the ocular drug delivery market include Pfizer Inc., Roche Holding AG, AbbVie Inc., Novartis AG, Allergan Inc., Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Genentech Inc., Santen Pharmaceutical Co. Ltd., Akorn Inc., Valeant Pharmaceuticals International Inc., Aerie Pharmaceuticals Inc., Alimera Sciences Inc., Ocular Therapeutix Inc., Ophthotech Corporation, Acucela Inc., Graybug Vision Inc., Amakem NV, Kala Pharmaceuticals Inc., Icon Bioscience Inc., Clearside Biomedical Inc., Aerpio Therapeutics Inc., Senju Pharmaceutical Co. Ltd., Spark Therapeutics Inc., Carl Zeiss Meditec AG, EyeGate Pharmaceuticals Inc.
North America was the largest region in the ocular drug delivery market in 2024. The regions covered in the ocular drug delivery market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the ocular drug delivery market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The ocular drug delivery market includes revenues earned by entities such as eye drops, eye gels, eye powders, and ocular injections. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.
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.
Ocular Drug Delivery Global Market Report 2025 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 ocular drug delivery 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 ocular drug delivery ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The ocular drug delivery 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.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.