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(Medical-NewsWire.com, November 13, 2018 ) Overview:
Ophthalmic drugs are extensively used to treat glaucoma, cataract, diabetic retinopathy, and other ophthalmic disorders. Introduction of novel ocular drug delivery approaches in the market has driven the manufacturers to develop innovative therapeutic approaches for the treatment of ophthalmic disorders. Ophthalmic drugs are used for the treatment of various eye disorders like cataract, glaucoma etc.
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In the year 2018, the Europe Opthalmic Drugs Marketwas valued at USD 8.3Billion, by the year 2023 it is expected to reach USD 10.54 Billion with 4.9%CAGR.
Drivers and Restraints:
Increase in number of geriatric population, technological advancements for manufacturing ophthalmic drugs, rising prevalence of eye disorders, increase in healthcare expenditure, increasing R&D activities for the development of ophthalmic drugs, growing demand for ophthalmic treatment and drugs all over the region. However risk of side effects associated with ophthalmic drugs are hindering the growth of the market.
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Geographic Segmentation
The Europe market has been geographically segmented into Germany, U.K, France, Spain, and Italy. Europe comes a close second however is likely to undergo sluggish growth till 2023. France is the leader in the European market.
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Major companies in the market areCarl-Zeiss AG, Ellex Medical Lasers Ltd., Hoya Corporation, Novagali Pharma S A, Abbott Medical Optics, Inc., Essilor International S.A. Other players in the market include Insight Vision Inc., Nidek Co.Ltd, Topcon Corporation, and Ziemer Ophthalmic Systems AG.
Scope of the report:
The report offers a comprehensive analysis of the industry by providing the estimations of market potential and forecasts with utmost granularity. Along this, the factors influential in effecting the market dynamics and trends are discussed in detail at the product level. Further, the performance of the market at the regional and country-level is assessed and the prospects with high growth potential are identified and debated.
The key players in the industry are profiled providing insights on their financial performance, market position and growth strategies. Comparative analysis on prime strategically activities of the market players delineating the key developments like mergers & acquisitions, collaborations and an evaluation of the competitive environment within the industry are provided. The report also offers a broad outlook of the market along with recommendations from industry experts on the opportunities for investment activity.
What else? Apart from the syndicated report, our in-house team has an expertise and experience in designing custom reports to meet your specific research needs and assist you in making well-informed decisions.
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abhishek@marketdataforecast.com
Source: EmailWire.Com 
Source: EmailWire.com
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