The global “Conjunctivitis Treatment” Market is set to gain traction from the rising technological advancements in the field of ophthalmology. Besides, the increasing discovery of new techniques of drug delivery would also impact the market positively. This information is given by Fortune Business Insights™ in a recently published report, titled, “Conjunctivitis Treatment Market Size, Share & COVID-19 Impact Analysis, By Drug Class (Antibiotics, Antiviral, Anti-allergic, Artificial Tear and Others), By Disease Type (Bacterial Conjunctivitis, Viral Conjunctivitis, and Allergic Conjunctivitis) By Route of Administration (Topical, Oral, and Intravitreal), By Distribution Channel (Hospital Pharmacies, Online Pharmacies, and Retail Pharmacies & Drug Stores), and Regional Forecast, 2020-2027.” The report further states that the conjunctivitis treatment market size was USD 3.85 billion in 2019 and is projected to reach USD 4.38 billion by 2027, exhibiting a CAGR of 3.7% during the forecast period.
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COVID-19 can affect the global economy in three main ways: by directly affecting production and demand, by creating supply chain and market disruption, and by its financial impact on firms and financial markets. The outbreak of COVID-19 has brought effects on many aspects, like flight cancellations travel bans and quarantines restaurants closed all indoor events restricted over forty countries state of emergency declared massive slowing of the IT Spending market volatility falling business confidence, growing panic among the population, and uncertainty about future.
Out research methodology is robust and includes data triangulation based on bottom-up and top-down approaches. We validated the approximate market number with the help of primary research. Secondary research was conducted to find out detailed information about mergers & acquisitions, collaborations, joint ventures, and agreements. At the same time, we have derived significant information about the market dynamics associated with growth drivers, trends, and obstacles.
This Report Answers the Following Questions:
- What are the market growth drivers, dynamics, and hindrances?
- Which segment is set to lead the market in the near future?
- Which company would generate the largest revenue?
- How will the companies surge sales of new drugs for conjunctivitis treatment?
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North America to Dominate Fueled by Presence of Several Industry Giants
Geographically, North America procured USD 1.85 billion in terms of revenue in 2019 and is expected to lead in the near future. This growth is attributable to the rising awareness about eye diseases amongst the masses, presence of industry giants in the region, and the increasing cases of conjunctivitis. Europe is anticipated to remain in the second position on account of the surging usage of novel drugs for conjunctivitis treatment, rising pool of conjunctivitis patients, and increasing healthcare expenditure in this region.