Ophthalmic Drugs Market Growth, Striking Opportunities, And Forecasts To 2028
Ophthalmic Drugs Industry Overview The global ophthalmic drugs market size was valued at USD 36.7 billion in 2020. It is expected to expand at a compound annual growth rate (CAGR) of 6.4% from 2021 to 2028. Increasing awareness regarding eye-related diseases and rising advancements in technologies are some of the major factors expected to accelerate market growth. The rising prevalence of eye-related disorders, such as diabetic retinopathy, macular degeneration, and presbyopia is expected to boost market growth over the forecast period. For instance, according to the National Eye Institute, the projected number of U.S. citizens suffering from AMD is estimated to increase from 2.07 million in 2030 to 5.44 million in 2050. In the case of diabetic retinopathy in the U.S., the total number of cases is projected to be 14.6 million in 2050. Gather more insights about the market drivers, restrains and growth of the Global Ophthalmic Drugs Market In addition, ophthalm...