Global Ophthalmic Drugs Market to Reach US $21.6 Bn by 2018 Due to High Incidence of Eye-Related Disorders Amongst Geriatrics
The increasing number of cases of retinal disorders has compelled ophthalmic drug companies to shift their focus towards the implementation of combination therapies, reports Transparency Market Research. Due to the lack of market fragmentation, the existing companies are initiating research and development investments regarding product innovation. The leading companies in the global ophthalmic drugs market are Novartis (Alcon), Roche, Pfizer, Santen, Allergan, and Merck. These companies accounted for close to 70% of the global ophthalmic market in 2012.
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