Pharmaceutical companies
manufacturing ophthalmological drugs initially involve in drug discovery process
by which new drug candidates are discovered. This process includes
identification of candidates, synthesis, characterization, screening and assays
for therapeutic efficacy. Once the lead drug candidates are developed, they
undergo preclinical trials in animals and filing for investigational new drug
applications (IND) to initiate the clinical trials on humans. Preclinical
trials may be conducted in-house or through a Contract Research Organization
(CRO) that provides outsourced support to pharmaceutical companies. When the
drug successfully passes all three phases of clinical trials, the CROs submit
all their findings to the parent pharmaceutical companies which file new drug
applications (NDA) in order to release the drug into the market.
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The global ophthalmology drugs
market has shown modest growth in the past years with a CAGR of over 6.7%. The
year 2017 recorded highest ever growth in this market with a net value of $27.7
billion as per TBRC’s in-house consultants.
TBRC’s latest report shows the
historic and future trends in the market for each year with sourced reasons to
support the growth claims.
The report also shows the ophthalmology
drugs market to grow at a higher CAGR by 2021 as compared to 2017, along with
geographies best suited for investments with highest return rate.
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report at
Drug manufacturers are
increasingly developing ophthalmic drugs with anti-inflammatory agents to ease
patient treatment for dry eye syndrome. Anti-inflammatory drugs are widely used
for the treatment of the inflammation produced by the disease with the topical
corticosteroid drops being the most common therapy. Corticosteroids can rapidly
and effectively relieve the symptoms and signs of moderate or severe dry eye.
However, prolonged usage of corticosteroids has seen to produce side effects
that include risk of bacterial or fungal infection, elevated intraocular
pressure and cataract formation. As a consequence, NSAIDs are increasingly
being used as dry eye treatment instead of steroids because of their non-severe
side effects. For instance, Aciex Therapeutics, a US-based pharmaceutical
company, is developing NSAIDs which decrease ocular discomfort.
TBRC’s latest report will cover in depth understanding and
calculated impacts of each market factor on a global as well as regional level,
to analyze the best investment strategy for this market.
Companies included in the report are Novartis AG, F. Hoffmann-La
Roche Ltd., Allergan Plc., Valeant Pharmaceuticals Intl Inc., and Bayer AG.
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