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Bacterial conjunctivitis is inflammation of the outermost layer of the eye and inner area of the eyelid. Bacterial conjunctivitis symptoms include swelling, watery eyes, and redness. Bacteria responsible for conjunctivitis include staphylococci, haemophilus, Chlamydia trachomatis, and streptococci. Children and geriatric population are highly prone to bacterial conjunctivitis, however, it affects people of all age groups. The increasing cases of bacterial conjunctivitis demand efficient medication, which supports the growth of bacterial conjunctivitis drugs market. Bacterial conjunctivitis spreads because of poor hygiene, immune compromise, ocular diseases such as dry eye, blepharitis, and contaminated cosmetics. It can be prevented by maintaining proper hygiene and also hand wash reduces the chances of bacterial conjunctivitis.
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The spread of ophthalmic bacterial infection increased the demand for antibacterial drugs for its treatment. According to National Center for Biotechnology Information (NCBI) 2013 report, in the U.S., there were around 6 million people affected by conjunctivitis. Bacterial conjunctivitis takes around a week to get completely cured and fluoroquinolones are the most preferred drug for the treatment of bacterial conjunctivitis. There are certain drugs in the market that are patented and their patents about to expire, this, in turn, is expected to increase the market for generic drugs, which are of less price as well. Moxeza, vigamox, besivance, and zymaxid are some of the most successful patented drugs about to expire. After patent expiry, these drugs lose their exclusivity, which leads to increase in use of generic drugs. The development of multi-drug resistant variants is expected to fuel the growth of bacterial conjunctivitis drug market. The unnecessary use of antibiotics causes the disease causing bacteria to chemically evolve themselves and become resistant to drugs. This, in turn, may lead to the prescription of strong medication, which includes corticosteroids and high dose of antibiotics.
Rising occurrence of bacterial conjunctivitis demands safe and efficient drugs, which leads to the development of new drugs, such as vancomycin ophthalmic ointment, that are in the clinical trial pipeline and few are pending for approval. Some of the major challenges faced by bacterial conjunctivitis drug market are patent expiry and awareness about the disease that it cures itself in a week. However, the shift in preference toward herbal treatment from pharmacological treatment is expected to create new opportunities in the bacterial conjunctivitis drug market. Moreover, herbal formulation based drugs are widely accepted, which in turn leads to the development and investment in herbal products for the treatment of bacterial conjunctivitis. The aforementioned scenario is expected to support the growth of bacterial conjunctivitis drugs market over the forecast period.
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Table of Contents
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Top players in the market
Some of the key players contributing to the bacterial conjunctivitis drug market growth are, Pfizer Inc., Novartis AG, F. Hoffmann-La Roche, Bayer Healthcare, Valeant Pharmaceutical International Inc., Perrigo Company Plc, Akorn Inc., Santen Pharmaceutical Co. Ltd., and Allergan Plc. For increasing market share, the companies adopt various strategies such as mergers and acquisitions. For instance, in 2015, Shire acquired Foresight Biotherapeutics to increase its ophthalmic product pipeline.
Research methodology adopted by Coherent Market Insights
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• Primary Research (Trade Surveys and Experts Interviews)
• Desk Research
• Proprietor Data Analytics Model
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
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