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Ophthalmic Therapeutics/Drugs Market Profile | Growth and SWOT Analysis Till 2025

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anjali varma
Ophthalmic Therapeutics/Drugs Market Profile | Growth and SWOT Analysis Till 2025

The global Ophthalmic Therapeutics/Drugs Market size is expected to value at USD 35.7 billion by 2025. The market is subject to witness a substantial growth due to the rising occurrence of eye diseases like presbyopia, macular degeneration, and retinal vascular disease, particularly in geriatric population.

Increasing focus on research and development in ophthalmic therapeutics and drugs by private bodies due to rising occurrence of ocular disorders, are driving factors for growth of the market.

Thus, rise in the number of initiatives and programs taken by governmental agencies in order to prevent and completely eliminate such disorders by facilitating essential treatment for patients, thus significantly contributing to the growth of ophthalmic therapeutics/drugs market in recent years.

Increasing number of drugs including Azopt, Lumigan, Retaine MGD, and Vigamox, are anticipated to boost growth of the market during the forecast period. Additionally, rise in the number of drug manufactures due to increasing demand on global-scale is attributed to sustained market growth.

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anjali varma
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