December, 2024
The ophthalmic drug delivery system market is proliferating due to various reasons, including the rising prevalence of eye disorders like cataracts, glaucoma, and macular degeneration owing to age-related disorders.
Moreover, rising demand for targeted drug delivery systems and recent technologies that increase bioavailability upon administration aid in market growth. Targeted therapies are more effective than other methods, as they ensure medications can be directly delivered to the affected area and minimize their wastage and side effects. As traditional eye drops often fail to give maximum results due to limited absorption, demand for targeted drug delivery is witnessing a surge in the global market.
Technologies like sustained-release formulations, nanoparticles, and hydrogels are more effective by improving drug retention, further propelling the ophthalmic drug delivery system market. Supportive regulatory frameworks and market trends also positively impact the market's status. Pharmaceutical companies invest heavily in R&D to improve the ophthalmic drug delivery system to meet the criteria.
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