A superior and comprehensive market research report endows professionals with a lot of aspects about the market and the industry. The Stye Drug report presents market potential for each geographical region based on the growth rate, macroeconomic parameters, consumer buying patterns, their preferences for particular product and market demand and supply scenarios. Market segmentation analyses the usage of the product with respect to its applications, end user or with respect to geography. Businesses can attain unparalleled and comprehensive insights along with the best acquaintance of the emerging market opportunities with this Stye Drug Market research report.
Global Stye Drug Market is rising gradually with a substantial CAGR in the forecast period of 2019-2026. Growing population of stye population worldwide and emergence of drugs used in the treatment of risk associated with stye disease are the key factors to drive the market growth.
Market Definition: Global Stye Drug Market
Stye is also known as hordeolum is an ocular disease in which small lumps grows at the edge of eyelids or at the base of the eyelashes. It is caused by bacterial infections. The patients with stye may experience inflammation of eyes, swelling and tearing.
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According to the article published in Jobson Medical Information LLC, it is estimated that total population of allergic conjunctivitis is up to 30% of general population worldwide. Exposure to certain toxin or change in environment may enhance the prevalence of stye infections which acts as a key factor for the market growth.
- Ongoing clinical trial studies being carried out by many pharmaceuticals industries
- Exposure to certain toxin or change in environment may increase the stye infections
- Prevalence of indoor as well as outdoor allergens
- Increase in prevalence rate of stye disease worldwide
- Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth if the market.
- Inadequate knowledge about stye disease in some developing countries
Segmentation: Global Stye Drug Market
- External hordeolum
- Internal hordeolum
By Therapy Type
- Antibiotics Therapy
- Eyes Warming Therapy
By Drug Class
- Ophthalmic Steroids
By Route of Administration
By End Users
- Specialty Clinics
- North America
- South America
- Middle East and Africa
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Key Developments in the Market:
In August 2018, Senju USA, Inc. conducting phase III (SUNRISE) clinical trial for their lead candidate SUN 131 TDS to evaluate the safety and efficacy in patients with chalazion. If approved it will represent a new and significant treatment options for chalazion.
In September 2015, Sun Pharmaceutical Industries Ltd acquired InSite Vision Inc for up to USD 48.00mm. The acquisitions of InSite Vision Inc, strengthens the branded ophthalmic portfolio of Sun Pharmaceutical Industries Ltd in the United States.
Global stye drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Stye Drug for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Key Market Players:
Few of the major competitors currently working in the global stye drug market are Novartis AG, Johnson & Johnson Services, Inc., Bausch Health, Sun Pharmaceutical Industries Ltd, ALLERGAN, Merck & Co., Inc, Pfizer Inc, XOMA, EyePoint Pharmaceuticals, Enzo Biochem Inc., AbbVie Inc, TopiVert Ltd, Santen Pharmaceutical Co., Ltd., Regeneron Pharmaceuticals Inc, HanAll Biopharma, DAIICHI SANKYO COMPANY, LIMITED, Alphamab Co. Ltd, Coherus BioSciences, Ligand Pharmaceuticals Incorporated, Clearside Biomedical, Inc. and many others.
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