Definition:
This market covers ophthalmologicals and otologicals, i.e., drugs for the sensory organs eye and ear, respectively. Ophthalmologicals are used to treat diseases of the eye such as wet age-related macular degeneration, geographic atrophy, and glaucoma. Typical dosage forms are eye drops or injections into the eye (intravitreal) and, in the case of otologicals, through the eardrum into the middle ear.
Additional information:
Market values represent the revenues generated by manufacture prices paid to primary vendors, either directly or through distribution channels (excluding VAT). Reported market revenues include spending by consumers (B2C), companies (B2B), and governments (B2G).
Company examples: Regeneron Pharmaceuticals, Novartis, Bayer, Alcon, AbbVie
Notes: Data shown is using current exchange rates and reflects market impacts of the Russia-Ukraine war.
Most recent update:
Source: Statista Market Insights
Notes: The chart “Comparable Estimates” shows the forecasted development of the selected market from different sources. Please see the additional information for methodology and publication date.
Most recent update:
Most recent update:
Source: Statista Market Insights
The Sensory Organ Drugs market in Southern Asia has been experiencing growth in recent years.
Customer preferences: Customers in Southern Asia have been showing a growing interest in Sensory Organ Drugs due to the increasing prevalence of sensory organ diseases in the region. These diseases include glaucoma, cataracts, and age-related macular degeneration, among others. Additionally, the aging population in the region has also been a contributing factor to the growth of the market.
Trends in the market: India has been the largest market for Sensory Organ Drugs in Southern Asia, thanks to the country's large population and high incidence of eye diseases. The country is expected to continue to dominate the market due to the increasing prevalence of diabetes, which is a major risk factor for diabetic retinopathy. The market for Sensory Organ Drugs in Pakistan and Bangladesh is also expected to grow due to the increasing incidence of eye diseases in these countries.
Local special circumstances: One of the major challenges in the Sensory Organ Drugs market in Southern Asia is the lack of awareness about eye diseases and their treatment. In many cases, patients do not seek medical attention until the disease has progressed to an advanced stage, making treatment more difficult. Additionally, the high cost of treatment is also a barrier for many patients.
Underlying macroeconomic factors: The Sensory Organ Drugs market in Southern Asia is expected to continue to grow due to the increasing prevalence of eye diseases in the region, as well as the aging population. However, the market is also likely to face challenges due to the lack of awareness about eye diseases and the high cost of treatment.
Most recent update:
Source: Statista Market Insights
Most recent update:
Source: Statista Market Insights
Data coverage:
Data encompasses B2B, B2G, and B2C spend. Figures are based on drug revenues allocated to the country where the money is spent. Monetary values are given at manufacturer price level excluding VAT.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market. As a basis for evaluating markets, we use financial information of the key players by market. Next, we use relevant key market indicators and data from country-specific associations, such as industry associations. This data helps us estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods. The main driver is healthcare expenditure. Expiring patents and new drugs in the pipeline are also considered.Additional notes:
Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level. This market comprises prescription drugs and all OTC drugs covered in the Statista OTC Pharmaceuticals market. However, in the OTC Pharmaceuticals market, revenues are based on end-consumer prices.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update:
Source: Statista Market Insights
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