Allergic conjunctivitis treatment market: Slow growth, patent expirations
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The research and consulting firm GlobalData’s report on the allergic conjunctivitis treatment market shows minimal growth from $1.37 billion in 2013 to $1.44 billion by 2018.
The report shows marginal expansion across six major markets – U.S., Germany, France, Spain, Italy and the UK – driven by increased disease prevalence and the introduction of three new allergic conjunctivitis therapies, namely AC-170 (Aciex Therapeutics), OTX-DP (sustained-release dexamethasone, Ocular Therapeutix) and Vekacia (cyclosporine A, Novagali), according to the press release.
Alvina To, PhD, GlobalData’s analyst covering neurology and ophthalmology, explained in the press release that these drugs will stimulate market growth and provide alternative choices to physicians.
Also impacting the slow growth are three U.S. patent expirations of Lotemax (loteprednol etabonate, Bausch + Lomb), Patanol (olopatadine, Alcon) and Lastacaft (alcaftadine, Allergan) in 2014, 2015 and 2016, according to the press release.