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Report
Canada Ophthalmic Drugs Market Forecast 2023-2030
Market Report I 2023-11-17 I 159 Pages I Inkwood Research
KEY FINDINGS
The Canada ophthalmic drugs market growth is set to project a CAGR of 7.39% during the forecast period, 2023-2030. The market growth is accredited to a growing aging population, increasing prevalence of eye disorders, and advancements in research and development.
MARKET INSIGHTS
Canadian research institutions and pharmaceutical companies actively engage in research and development endeavors aimed at discovering and creating innovative treatments for eye diseases. There is a growing emphasis on formulating personalized and precision medicine strategies tailored to meet the unique needs of individual patients. The nation boasts a robust healthcare system that provides access to specialized eye care services. Various facilities, including eye care clinics, ophthalmic hospitals, and private practices, offer an extensive range of services, spanning routine eye examinations to advanced surgical procedures.
Within Canada, Health Canada assumes the responsibility of regulating ophthalmic drugs. Manufacturers are required to comply with Good Manufacturing Practices (GMP) and meet the safety, efficacy, and quality standards established by Health Canada. The regulatory process involves a thorough evaluation of drug submissions, encompassing both new drug submissions (NDS) and abbreviated new drug submissions (ANDS) for generic products. This ensures that ophthalmic drugs fulfill the necessary criteria before being authorized for market distribution.
Nevertheless, the Canadian ophthalmology industry encounters challenges, including the high costs associated with drug development, regulatory approval processes, and limited access to specialized care in remote areas. Tackling these challenges offers opportunities for enhanced collaboration, the implementation of cost-effective solutions, and the integration of telemedicine to enhance accessibility to eye care services.
COMPETITIVE INSIGHTS
Pfizer Inc, Bausch Health Companies Inc, and Johnson & Johnson are among the prominent companies in the market.
Our report offerings include:
- Explore key findings of the overall market
- Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
- Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
- Market Segmentation caters to a thorough assessment of key segments with their market estimations
- Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
- Key analytics: Porter's Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
- The competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
- Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments
TABLE OF CONTENTS
1. RESEARCH SCOPE & METHODOLOGY
1.1. STUDY OBJECTIVES
1.2. METHODOLOGY
1.3. ASSUMPTIONS & LIMITATIONS
2. EXECUTIVE SUMMARY
2.1. MARKET SIZE & ESTIMATES
2.2. COUNTRY SNAPSHOT - CANADA
2.3. COUNTRY ANALYSIS - CANADA
2.4. SCOPE OF STUDY
2.5. CRISIS SCENARIO ANALYSIS
2.5.1. IMPACT OF COVID-19 ON OPHTHALMIC DRUGS MARKET
2.6. MAJOR MARKET FINDINGS
2.6.1. EMERGING THERAPIES FOR DRY EYE SYNDROME
2.6.2. GROWING DEMAND FOR COMBINATION THERAPIES
2.6.3. INCREASING INVESTMENT IN RESEARCH & DEVELOPMENT
2.6.4. SHIFT TOWARD OVER-THE-COUNTER (OTC) PRODUCTS
3. MARKET DYNAMICS
3.1. KEY DRIVERS
3.1.1. AGING POPULATION'S SUSCEPTIBILITY TO AGE-RELATED EYE CONDITIONS
3.1.2. ADVANCEMENTS IN DRUG DELIVERY TECHNOLOGIES
3.1.3. RISING PREVALENCE OF EYE DISEASES AND DISORDERS
3.1.4. FAVORABLE REIMBURSEMENT POLICIES BY HEALTHCARE SYSTEMS
3.2. KEY RESTRAINTS
3.2.1. DELAY IN DRUG APPROVALS
3.2.2. SIDE EFFECTS RELATED TO OPHTHALMIC DRUGS
4. KEY ANALYTICS
4.1. KEY MARKET TRENDS
4.1.1. GROWING INTEREST IN TOPICAL OPHTHALMIC DRUGS
4.1.2. SIGNIFICANT RISE IN NOVEL OPHTHALMIC THERAPEUTICS APPROVALS
4.2. TECHNOLOGY SNAPSHOT
4.2.1. BIOLOGICS
4.2.2. CELL THERAPY
4.2.3. GENE THERAPY
4.2.4. DRUG DELIVERY
4.2.5. SMALL MOLECULE
4.2.6. OTHER TECHNOLOGIES
4.3. PORTER'S FIVE FORCES ANALYSIS
4.3.1. BUYERS POWER
4.3.2. SUPPLIERS POWER
4.3.3. SUBSTITUTION
4.3.4. NEW ENTRANTS
4.3.5. INDUSTRY RIVALRY
4.4. GROWTH PROSPECT MAPPING - CANADA
4.5. MARKET MATURITY ANALYSIS
4.6. MARKET CONCENTRATION ANALYSIS
4.7. KEY BUYING CRITERIA
4.8. REGULATORY FRAMEWORK
5. MARKET BY INDICATION
5.1. DRY EYE
5.2. GLAUCOMA
5.3. INFECTION/INFLAMMATION/ALLERGIES
5.4. RETINAL DISORDER
5.4.1. WET AGE-RELATED MACULAR DEGENERATION
5.4.2. DRY AGE-RELATED MACULAR DEGENERATION
5.4.3. DIABETIC RETINOPATHY
5.4.4. OTHER RETINAL DISORDERS
5.5. OTHER INDICATIONS
6. MARKET BY TYPE
6.1. PRESCRIPTION DRUGS
6.2. OVER-THE-COUNTER DRUGS
7. MARKET BY DOSAGE FORM
7.1. GELS
7.2. EYE SOLUTIONS & SUSPENSIONS
7.3. CAPSULES & TABLETS
7.4. EYE DROPS
7.5. OINTMENTS
8. MARKET BY THERAPEUTIC CLASS
8.1. ANTI-GLAUCOMA
8.2. ANTI-INFECTION
8.3. ANTI-INFLAMMATORY
8.4. ANTI-ALLERGY
8.5. OTHER THERAPEUTIC CLASSES
9. MARKET BY DISTRIBUTION CHANNEL
9.1. HOSPITAL PHARMACIES
9.2. DRUG STORES
9.3. ONLINE PHARMACIES
9.4. OTHER DISTRIBUTION CHANNELS
10. COMPETITIVE LANDSCAPE
10.1. KEY STRATEGIC DEVELOPMENTS
10.1.1. MERGERS & ACQUISITIONS
10.1.2. PRODUCT LAUNCHES & DEVELOPMENTS
10.1.3. PARTNERSHIPS & AGREEMENTS
10.2. COMPANY PROFILES
10.2.1. ABBVIE INC
10.2.1.1. COMPANY OVERVIEW
10.2.1.2. PRODUCTS & SERVICES
10.2.1.3. STRENGTHS & CHALLENGES
10.2.2. BAUSCH HEALTH COMPANIES INC
10.2.2.1. COMPANY OVERVIEW
10.2.2.2. PRODUCTS & SERVICES
10.2.2.3. STRENGTHS & CHALLENGES
10.2.3. JOHNSON & JOHNSON
10.2.3.1. COMPANY OVERVIEW
10.2.3.2. PRODUCTS & SERVICES
10.2.3.3. STRENGTHS & CHALLENGES
10.2.4. NOVARTIS AG
10.2.4.1. COMPANY OVERVIEW
10.2.4.2. PRODUCTS & SERVICES
10.2.4.3. STRENGTHS & CHALLENGES
10.2.5. PFIZER INC
10.2.5.1. COMPANY OVERVIEW
10.2.5.2. PRODUCTS & SERVICES
10.2.5.3. STRENGTHS & CHALLENGES
10.2.6. REGENERON PHARMACEUTICALS INC
10.2.6.1. COMPANY OVERVIEW
10.2.6.2. PRODUCTS & SERVICES
10.2.6.3. STRENGTHS & CHALLENGES
10.2.7. SANTEN PHARMACEUTICAL CO LTD
10.2.7.1. COMPANY OVERVIEW
10.2.7.2. PRODUCTS & SERVICES
10.2.7.3. STRENGTHS & CHALLENGES
LIST OF TABLES
TABLE 1: MARKET SNAPSHOT - OPHTHALMIC DRUGS
TABLE 2: REGULATORY FRAMEWORK
TABLE 3: CANADA OPHTHALMIC DRUGS MARKET, BY INDICATION, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 4: CANADA OPHTHALMIC DRUGS MARKET, BY INDICATION, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 5: CANADA OPHTHALMIC DRUGS MARKET, BY RETINAL DISORDER, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 6: CANADA OPHTHALMIC DRUGS MARKET, BY RETINAL DISORDER, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 7: CANADA OPHTHALMIC DRUGS MARKET, BY TYPE, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 8: CANADA OPHTHALMIC DRUGS MARKET, BY TYPE, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 9: CANADA OPHTHALMIC DRUGS MARKET, BY DOSAGE FORM, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 10: CANADA OPHTHALMIC DRUGS MARKET, BY DOSAGE FORM, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 11: CANADA OPHTHALMIC DRUGS MARKET, BY THERAPEUTIC CLASS, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 12: CANADA OPHTHALMIC DRUGS MARKET, BY THERAPEUTIC CLASS, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 13: CANADA OPHTHALMIC DRUGS MARKET, BY DISTRIBUTION CHANNEL, HISTORICAL YEARS, 2018-2022 (IN $ MILLION)
TABLE 14: CANADA OPHTHALMIC DRUGS MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2023-2030 (IN $ MILLION)
TABLE 15: LIST OF MERGERS & ACQUISITIONS
TABLE 16: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS
TABLE 17: LIST OF PARTNERSHIPS & AGREEMENTS
LIST OF FIGURES
FIGURE 1: KEY MARKET TRENDS
FIGURE 2: PORTER'S FIVE FORCES ANALYSIS
FIGURE 3: GROWTH PROSPECT MAPPING - CANADA
FIGURE 4: MARKET MATURITY ANALYSIS
FIGURE 5: MARKET CONCENTRATION ANALYSIS
FIGURE 6: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY INDICATION, IN 2022
FIGURE 7: CANADA OPHTHALMIC DRUGS MARKET, BY DRY EYE, 2023-2030 (IN $ MILLION)
FIGURE 8: CANADA OPHTHALMIC DRUGS MARKET, BY GLAUCOMA, 2023-2030 (IN $ MILLION)
FIGURE 9: CANADA OPHTHALMIC DRUGS MARKET, BY INFECTION/INFLAMMATION/ALLERGIES, 2023-2030 (IN $ MILLION)
FIGURE 10: CANADA OPHTHALMIC DRUGS MARKET, BY RETINAL DISORDER, 2023-2030 (IN $ MILLION)
FIGURE 11: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY RETINAL DISORDER, IN 2022
FIGURE 12: CANADA OPHTHALMIC DRUGS MARKET, BY WET AGE-RELATED MACULAR DEGENERATION, 2023-2030 (IN $ MILLION)
FIGURE 13: CANADA OPHTHALMIC DRUGS MARKET, BY DRY AGE-RELATED MACULAR DEGENERATION, 2023-2030 (IN $ MILLION)
FIGURE 14: CANADA OPHTHALMIC DRUGS MARKET, BY DIABETIC RETINOPATHY, 2023-2030 (IN $ MILLION)
FIGURE 15: CANADA OPHTHALMIC DRUGS MARKET, BY OTHER RETINAL DISORDERS, 2023-2030 (IN $ MILLION)
FIGURE 16: CANADA OPHTHALMIC DRUGS MARKET, BY OTHER INDICATIONS, 2023-2030 (IN $ MILLION)
FIGURE 17: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY TYPE, IN 2022
FIGURE 18: CANADA OPHTHALMIC DRUGS MARKET, BY PRESCRIPTION DRUGS, 2023-2030 (IN $ MILLION)
FIGURE 19: CANADA OPHTHALMIC DRUGS MARKET, BY OVER-THE-COUNTER DRUGS, 2023-2030 (IN $ MILLION)
FIGURE 20: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY DOSAGE FORM, IN 2022
FIGURE 21: CANADA OPHTHALMIC DRUGS MARKET, BY GELS, 2023-2030 (IN $ MILLION)
FIGURE 22: CANADA OPHTHALMIC DRUGS MARKET, BY EYE SOLUTIONS & SUSPENSIONS, 2023-2030 (IN $ MILLION)
FIGURE 23: CANADA OPHTHALMIC DRUGS MARKET, BY CAPSULES & TABLETS, 2023-2030 (IN $ MILLION)
FIGURE 24: CANADA OPHTHALMIC DRUGS MARKET, BY EYE DROPS, 2023-2030 (IN $ MILLION)
FIGURE 25: CANADA OPHTHALMIC DRUGS MARKET, BY OINTMENTS, 2023-2030 (IN $ MILLION)
FIGURE 26: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY THERAPEUTIC CLASS, IN 2022
FIGURE 27: CANADA OPHTHALMIC DRUGS MARKET, BY ANTI-GLAUCOMA, 2023-2030 (IN $ MILLION)
FIGURE 28: CANADA OPHTHALMIC DRUGS MARKET, BY ANTI-INFECTION, 2023-2030 (IN $ MILLION)
FIGURE 29: CANADA OPHTHALMIC DRUGS MARKET, BY ANTI-INFLAMMATORY, 2023-2030 (IN $ MILLION)
FIGURE 30: CANADA OPHTHALMIC DRUGS MARKET, BY ANTI-ALLERGY, 2023-2030 (IN $ MILLION)
FIGURE 31: CANADA OPHTHALMIC DRUGS MARKET, BY OTHER THERAPEUTIC CLASSES, 2023-2030 (IN $ MILLION)
FIGURE 32: CANADA OPHTHALMIC DRUGS MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2022
FIGURE 33: CANADA OPHTHALMIC DRUGS MARKET, BY HOSPITAL PHARMACIES, 2023-2030 (IN $ MILLION)
FIGURE 34: CANADA OPHTHALMIC DRUGS MARKET, BY DRUG STORES, 2023-2030 (IN $ MILLION)
FIGURE 35: CANADA OPHTHALMIC DRUGS MARKET, BY ONLINE PHARMACIES, 2023-2030 (IN $ MILLION)
FIGURE 36: CANADA OPHTHALMIC DRUGS MARKET, BY OTHER DISTRIBUTION CHANNELS, 2023-2030 (IN $ MILLION)
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