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Ophthalmic Drug Delivery Systems Market Size (By Technology: Eye Drops, Contact Lenses, Punctal Plugs, Episcleral Implants, and Others; By Production Technology: Electrospinning, 3D Printing, Extrusion, Formulation, Micro Patterning, Compression Molding, and Others; By Delivery Route: Intraocular, Intravitreal, and Intracameral; By Material: Liposomes, Collagen, PLA-PEG, PDO/PVA, Hydrogels, TMC, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast 2022– 2030

Published : Apr 2022

Report ID: ARC2889

Pages : 250

Format : Ophthalmic Drug Delivery Systems Market Size (By Technology: Eye Drops, Contact Lenses, Punctal Plugs, Episcleral Implants, and Others; By Production Technology: Electrospinning, 3D Printing, Extrusion, Formulation, Micro Patterning, Compression Molding, and Others; By Delivery Route: Intraocular, Intravitreal, and Intracameral; By Material: Liposomes, Collagen, PLA-PEG, PDO/PVA, Hydrogels, TMC, and Others) – Global Industry Analysis, Market Size, Opportunities and Forecast 2022– 2030

The global market for ophthalmic drug delivery systems accounted for US$ 12,107 Mn in 2021 and is estimated to reach US$ 24,556 Mn by 2030, with a significant CAGR of 8.4% from 2022 to 2030.

Ophthalmic drug delivery systems are specialized dosage forms that are administered inside (intraocular), instilled onto the external surface of the eye (topical), administered adjacent to the eye (periocular), or used in association with an ophthalmic device. The need for ocular drug administration is primarily associated with the need to treat ophthalmic diseases. The eye is the most easily accessible site for topical medication administration. Ophthalmic drug delivery forms have been one of the most important and widely developed areas of pharmaceutical technology for a longer period. Ophthalmic drug delivery is one of the most desirable routes of drug administration because of the accurate dosing, ease of preparation and application, and high patient convenience and compliance. Gels, intravitreal injections, gel-forming solutions, implants, and ocular inserts are the most recent dosage forms for ophthalmic drug administration.

Ophthalmic Drug Delivery Systems Market Size US$ 24,556 Mn by 2030
Market Growth Drivers

  • Rising burden of eye disorders worldwide
  • Rising number of ophthalmic procedures
  • Technological advancements in ophthalmic drug delivery

Market Restraints

  • Lack of trained ophthalmologists in emerging economies
  • High cost of devices

Market Opportunities

  • Growing demand from nanotechnology to get improved results
  • Heavy investments in R&D activities

Report Coverage: 

Market Ophthalmic Drug Delivery Systems Market
Market Size 2021 US$ 12,107 Mn
Market Forecast 2028 US$ 24,556 Mn
CAGR 8.4% During 2022 - 2030
Analysis Period 2018 - 2030
Base Year 2021
Forecast Data 2022 - 2030
Segments Covered By Technology, By Production Technology, By Delivery Route, By Material, And By Geography
Regional Scope North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Key Companies Profiled Allergan plc, AptarGroup, Inc., Clearside Biomedical, Envisia Therapeutics, Ocular Therapeutix Inc., Oculis Pharma, pSivida, Santen Pharmaceutical Co. Ltd., and Valeant Pharmaceuticals.
Report Coverage
Market Trends, Drivers, Restraints, Competitive Analysis, Player Profiling, Regulation Analysis
Customization Scope

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Market Dynamics

The global ophthalmic drug delivery systems market is primarily driven by an increase in the number of eye disorders, as well as an increase in the population affected by them. Globally, at least 2.2 billion people have a near or distant vision impairment, according to the World Health Organization (WHO). The Blindness and Vision Impairment report (WHO) suggests that vision impairment may have been avoided or managed in at least 1 billion of these cases. The primary causes of vision impairment are age-related macular degeneration, cataracts, corneal opacity, diabetic retinopathy, glaucoma, uncorrected refractive errors, and trachoma among others. According to the National Center for Biotechnology Information (NCBI), the number of diabetic retinopathy (DR) patients will reach around 190 million by 2030. Thus, there are a slew of reasons for the prevalence of eye disorders throughout the world, resulting in escalated demand for the industry.

However, the market growth is confined due to the high cost of devices and the lack of trained ophthalmologists, especially in developing nations. Conversely, the market is also expected to witness numerous growth opportunities in the coming years. This could be attributed to the integration of nanotechnologies in drug delivery systems. Engineered nanostructures and nanodevices control human biological systems on a single-cell and molecular level. Nanoparticles (NPs) ranging in size from 10nanometer to 1000nanometer improved the topical course of huge, poorly water-soluble molecules through the ocular system's barriers. In this regard, nanomedicine has numerous advantages over drug-only treatments.

Market Segmentation

The global ophthalmic drug delivery systems market is segmented based on technology, production technology, delivery route, material, and geography.

Market By Technology

  • Eye Drops 
  • Contact Lenses
  • Punctal Plugs
  • Episcleral Implants
  • Others

Based on technologies, the eye drops segment is expected to achieve the leading market share in 2021. Eyedrops are the most common dosage form, accounting for 90% of all currently available ophthalmic formulations. Eye drops are the most commonly used method of administering medication to the eyes; they are simple to use and convenient for most patients. On the other hand, the micro-electromechanical sub-segment is likely to attain the fastest growth rate throughout the forecast period 2022 – 2030. Advantages such as targeted delivery to inner tissues, refillable to long-term use, and automated to address patient compliance are fueling the micro-electromechanical segment growth.

Market By Production Technology

  • Electrospinning
  • 3D Printing
  • Extrusion
  • Formulation
  • Micro Patterning
  • Compression Molding
  • Others

In 2021, the formulation segment held a noteworthy amount of share in the production technology segment. The majority of drugs used in ocular therapy are administered via a topical formulation in the form of a solution or suspension. Because of rapid eye movements (blinking) and lacrimation, conventional formulations experience rapid clearance from the application site, resulting in low ocular availability. Meanwhile, the 3D printing segment is likely to attain a significant growth rate in the production technology.

Market By Delivery Route

  • Intravitreal
  • Intraocular
  • Intracameral

The intraocular sub-segment captured the largest market share among delivery routes in 2021 and is expected to maintain its dominance throughout the forecast period. Intraocular administration of antibiotics is widely accepted as a standard treatment for endophthalmitis. However, the short duration of action of intraocular antimicrobials is their primary limitation. In addition, the intraocular delivery route offers which include ease of eye drop formulation, sterilization, and less irritation which also boosts the segmental growth.

Market By Material

  • Liposomes
  • Collagen
  • PLA-PEG
  • PDO/PVA
  • Hydrogels
  • TMC
  • Others

By material, the hydrogels sub-segment is expected to gain a significant market share in the coming years. The market for hydrogels is expanding because they can be used in conjunction with other technologies to improve ocular drug delivery. It improves the bioavailability of topically applied formulations by extending the residence period of an active ingredient, allowing it to diffuse more thoroughly across the layers of the eye. In terms of growth, the polycaprolactone segment is likely to attain the fastest growth rate in the coming years 2022 – 2030.

Ophthalmic Drug Delivery Systems Market Regional Overview

North America

  • U.S.
  • Canada

Europe

  • U.K.
  • Germany
  • France
  • Spain
  • Rest of Europe

Latin America

  • Mexico
  • Brazil
  • Rest of Latin America

Asia-Pacific

  • India
  • Japan
  • China
  • Australia
  • South Korea
  • Rest of Asia-Pacific

Middle East & Africa

  • South Africa
  • GCC
  • Rest of Middle East & Africa

The growing burden of eye disorders in North America boosts the regional market growth

Based on the regional segmentation, the North American region occupied the leading market share all through the forecast period. The high growth in the region is credited to the presence of skilled ophthalmologists, the increasing incidence of ophthalmic disorders, and numerous government initiatives undertaken by government organizations to prevent blindness in the region. However, the Asia-Pacific region is expected to attain the fastest CAGR throughout the forecast timeframe. The presence of a large patient pool, a growing elderly population, and a rising preference for a sedentary lifestyle are some of the factors that are likely to create numerous growth opportunities for the Asia-Pacific ophthalmic drug delivery systems market.

Competitive Landscape

Some of the top vendors offered in the professional report include Allergan plc, AptarGroup, Inc., Clearside Biomedical, Envisia Therapeutics, Ocular Therapeutix Inc., Oculis Pharma, pSivida, Santen Pharmaceutical Co. Ltd., and Valeant Pharmaceuticals.

Frequently Asked Questions

How much was the estimated value of the Global Ophthalmic Drug Delivery Systems Market in 2021 and projection by 2030?

The estimated value of Global Ophthalmic Drug Delivery Systems Market in 2021 was accounted to be US$ 12,107 Mn and market projected to reach US$ 24,556 Mn by 2030

What will be the projected CAGR for global ophthalmic drug delivery systems market during forecast period of 2022 to 2030?

The projected CAGR of ophthalmic drug delivery systems market during the analysis period of 2022 to 2030 is 8.4%.

Which are the prominent competitors operating in the market?

The prominent players of the global ophthalmic drug delivery systems market involve Allergan plc, AptarGroup, Inc., Clearside Biomedical, Envisia Therapeutics, Ocular Therapeutix Inc., Oculis Pharma, pSivida, Santen Pharmaceutical Co. Ltd., and Valeant Pharmaceuticals.

Which region held the dominating position in the global ophthalmic drug delivery systems market?

North America held the dominating share for ophthalmic drug delivery systems during the analysis period of 2022 to 2030.

Which region exhibited the fastest growing CAGR for the forecast period of 2022 to 2030?

Asia-Pacific region exhibited fastest growing CAGR for ophthalmic drug delivery systems during the analysis period of 2022 to 2030.

What are the current trends and dynamics in the global ophthalmic drug delivery systems market?

Rising burden of eye disorders worldwide, rising technological advancements in ophthalmic drug delivery, and growing demand from nanotechnology to get improved results drives the growth of global ophthalmic drug delivery systems market.

By segment technology, which sub-segment held the maximum share?

Based on technology, eye drops segment held the maximum share for ophthalmic drug delivery systems market in 2021.

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