November, 2024
Ophthalmic disease therapeutics consist of drugs and therapies for the treatment of many ocular conditions like glaucoma, dry eye disease, and retinal disease. The increasing prevalence of these health conditions further increases the health burden on healthcare systems across the world, causing these conditions to be anticipated to boost the market's demand further. Healthcare agencies and research and development faculties are focusing on developing novel drug therapies to combat such diseases and shifting their attention to drug delivery systems at maximum locations around the globe.
The anatomy and physiology of the eye cause challenges for the drug delivery system, which is the major factor contributing to the market growth globally. Additionally, the development of nanotechnology-based formulations for ophthalmic drug delivery systems has led to a surge in market demand, pushing further growth in the space. According to the data released by the United States National Institutes of Health, ocular drug delivery methods have improved due to bioavailability presented by situ gel technology and nanotechnology. There are also a rising number of partnerships and collaborations between major market players and research organizations aiming to develop innovative and more effective gene therapies for eye diseases are anticipated to support the inclination of patients towards novel therapies for best results.
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