Rising prevalence of conjunctivitis is propelling the growth of the viral conjunctivitis drugs market

 

Viral Conjunctivitis Drugs Market

The most commonly used viral conjunctivitis drugs are antibiotics. These drugs, including amikacin, doxycycline, and gentamycin are effective in the treatment of this condition.  Doxycycline can cause nausea, vomiting, diarrhea, dizziness, hives, and even bleeding, and these effects can be severe if they persist for a long time. Gentamycin, on the other hand, causes diarrhea and produces thin discharge from the nose.

The growing prevalence of conjunctivitis or pink eye is a key factor fueling the growth of the viral conjunctivitis drugs market. Conjunctivitis drugs are used to treat inflammation or swelling of the conjunctiva. A rise in hygiene and awareness coupled with the increasing healthcare expenditure is also propelling the growth of viral conjunctivitis drugs. According to the World Health Organization, global spending on health continues to rise. It was US$ 7.8 trillion in 2017 or about 10% of GDP and $1,080 per capita – up from US$ 7.6 trillion in 2016. The increasing geriatric population which is increasing the prevalence rate of this infection is further anticipated to augment the growth of the viral conjunctivitis drugs market.

North America is projected to gain significant growth over the forecast period and this is attributed to the high prevalence of viral conjunctivitis in the region. According to the National Center for Biotechnology Information, it is estimated that acute conjunctivitis affects 6 million people annually in the United States.2 The cost of treating bacterial conjunctivitis alone was estimated to be $377 million to $857 million per year.

Key Developments:

1.      In July 2017, Lupin Ltd has launched in the US market its generic version of Moxifloxacin Hydrochloride Ophthalmic solution used for treating bacterial conjunctivitis.

2.      In December 2020, Ocular Therapeutix, Inc. a biopharmaceutical company focused on the formulation, development, and commercialization of therapies for diseases and conditions of the eye announced the submission of the supplemental New Drug Application (sNDA) to the U.S. Food and Drug Administration (FDA) for DEXTENZA® (dexamethasone ophthalmic insert) 0.4 mg for intracanalicular use

3.      In March 2020, Eyevance announced the launch of Zerviate™ (cetirizine ophthalmic solution) 0.24% for the treatment of ocular itching associated with allergic conjunctivitis in patients 2 years of age and older.

4.      In March 2019, Alembic Pharmaceuticals announced that it has received approval from the United States Food and Drug Administration for sales of a generic version of Mylan’s Optivar eye-drops


Location: India

Comments

Post a Comment

Popular posts from this blog

Fitness Equipment Market is doing warm-ups to pull growth-rich opportunities from the growing obesity rates accompanied by the sedentary lifestyles

Image
  Fitness equipment is any mechanical device or equipment used in sport or exercise to improve the physical performance or strength of that activity by providing either adjustable or constant levels of force, either of dynamic nature that is immediately available to exert (such as running) or of a static type that requires adjustments (such as a bicycle). Some common types of equipment are treadmills, elliptical machines, step machines, exercise bicycles, recumbent bikes, treadmill monitors, rowing machines, and many more. Fitness equipment is used in gyms and private home fitness facilities as well as public parks and recreational facilities. Fitness equipment for the home is designed to provide low-impact aerobic workouts. Some items are available for rent or sale on the Internet. Rowing machines and exercise bicycles can give an all-over body workout, while Schwinn exercise bicycles can be used to target specific muscles. Fitness equipment for home gyms can be classified into card
Read more

The market for ureteral stents would benefit from the rising prevalence of urological diseases

Image
  A ureteral stent is a slender adaptable cylinder embedded straightforwardly into the ureter to forestall or cure block of the urinary entry from the ureter. The length of these stents utilized for grown-up quiet's reaches somewhere in the range of 30 and 24 inches. Furthermore, various distances across or sizes of stents are accessible, to suit distinctive ureter sizes. This permits treatment choices to be customized to the person, just as to the degree of obstacle. Urinary stents are made of either metal silicone or plastic. They are set straightforwardly into the bladder through the urethra valve. Ureteral stents can either be made percutaneously, through medical procedure or by methods for an outpatient strategy. Contingent upon the sort of ureter that is influenced, the technique can be either a solitary needle or numerous needles. The developing commonness of urological illnesses around the world is driving the development of the ureteral stents market . Development in t
Read more

The North America Vision Care Market Is Driven by the Increasing Prevalence of Eye Diseases in this Region

Image
  Vision care refers to the prevention and treatment of various eye conditions or eye diseases, such as refractive errors, age-related macular degeneration, cataract, glaucoma, etc. Vision care helps prevent or minimize the threat to eyes or visual integrity. Therefore, in North America, demand for vision care is has increased due the increasing prevalence of eye diseases, driving the North America vision care market growth. According to the Centers for Disease Control and Prevention (CDC), cataract affects around 24.4 million Americans (aged 40 and older) or around one in every six people in this age group. Vision care is important because 80% of what we perceive comes through our sense of sight. By protecting the eyes, people can reduce the odds of vision loss or blindness while also staying on top of any developing eye diseases such as glaucoma and cataracts. Vision care products used for restoration of eye sights include contact lenses, reading glasses, frames, Rx-Lenses, non Rx-
Read more