Asia Pacific Ophthalmology Therapeutics Market to grow at a CAGR of 8.5% during 2016 to 2021

Asia-Pacific Ophthalmology Therapeutics Market was worth $4.24 billion in 2016 and is estimated to grow at a CAGR of 8.5%, to reach $6.37 billion by 2021. Ophthalmology is the branch of medicine that deals with the anatomy, physiology and diseases of eye. Recent advancements in genetics and stem cell biology have brought number of changes to the Ophthalmology Therapeutics Market.

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Asia-Pacific Ophthalmology Therapeutics is driven by the growing prevalence for vision impairment. According to a recent update by WHO the prevalence of visual impairment is nearly 285 million globally. Of these 246 million people have moderate to severe visual impairment. South-East Asia and Western Pacific accounted for 73% of the total visual impairments. Other major factors driving the growth of market include, increasing awareness about the importance of detecting ophthalmic diseases as early as possible and the availability of efficient diagnostic tools. However, stringent regulatory framework and lack of reimbursement policies are restraining the growth of the market.

Asia-Pacific Ophthalmology Therapeutics is broadly categorized into Indication and End User. Based on indication the market is segmented into Glaucoma, Dry Eye Syndrome, Diabetic Retinopathy, Retinal Vein Occlusion, Age-related Macular Degeneration, Macular Edema and Allergic Conjunctivitis. Glaucoma is the largest indication segment accounting for a share of approximately XX%. On the basis of End User, the market is segmented into Hospitals, Eye Clinics, Diagnostic Centres and Patients.

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Geographically, Asia-Pacific Ophthalmology therapeutics market is segmented into various regions namely China, India, Japan, South Korea and Australia. Asia-Pacific is the fastest growing region with a CAGR of xx% during the forecast period. Within Asia-Pacific, Japan is the largest market for Opthalmology therapeutics accounting for a share of approximately 45% followed by China

Pfizer Inc., Allergan Inc., Alcon Inc., Merck & co. Inc., Roche, Valeant, Regeneron, Santen, Bayer, Senju, Lpath and Eye Gate Pharmaceuticals are the major companies covered in the report.

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