Global Ophthalmic Drug Delivery Devices Market

Focus on Product, Formulation, Sales Channel, End User, and 21 Countries - Analysis and Forecast, 2021-2030

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Market Report Coverage

Ophthalmic Drug Delivery Devices
Forecast Period: 2021-2030
CAGR During Forecast Period: 6.17%

Ophthalmic Drug Delivery Devices

Base Year

2020

Market Size in 2020

$295.4 Million

Forecast Period

2021-2030

Value Projection and Estimation by 2030

$537.8 Million

CAGR During Forecast Period

6.17%

Number of Tables

41

Number of Pages

270

Number of Figures

182

Market Segmentation

•    Product- Pre-filled syringes, multidose eyedroppers, squeeze dispensers, mist sprayers, add-on devices, contact lenses, and others (tubes, ocular inserts, etc.)

•    Formulation- eye drops, liquid sprays, ointments, gels, and others (emulsions, suspensions, etc.)

•    Sales channel- Direct sales and indirect sales

•    End User- Hospitals, clinics, homecare settings, and others (standalone and specialty clinics)

Regional Segmentation

•    North America – U.S., and Canada

•    Europe – Germany, U.K, France, Italy, Spain, Nordic Countries, and Rest-of-Europe

•    Asia-Pacific – Japan, China, India, South Korea, Australia and New Zealand, Singapore, and Rest-of-Asia-Pacific

•    Latin America – Brazil, Mexico, Argentina, Colombia, and Rest-of-Latin-America

•    Middle East and Africa – K.S.A., Israel, South Africa, and Rest-of-Middle East and Africa

Market Growth Drivers

•    Rising Prevalence of Ocular Disorders

•    Development of Novel Drug Dispensers

•    Integration of Digital Solutions in Ophthalmic Drug Delivery Devices

•    Regular Funding Cycles for Emerging Companies

Market Challenges

•    High Upfront Cost of Advanced Ophthalmic Drug Delivery Devices

•    Prolonged Regulatory Approval Process

Market Opportunities

•    Entry of Regional Companies in Global Ophthalmic Drug Delivery Devices Market

•    Partnerships Between Companies and Ophthalmic Clinics

•    Inclusion of Nanotechnology in Ophthalmic Drugs Formulation

Key Companies Profiled

Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., Becton, Dickinson and Company, EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Nipro Corporation, Ocular Therapeutix, Inc., Owen Mumford, Silgan Holdings Inc., Terumo Corporation, West Pharmaceutical Services, Inc., Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Mati Therapeutics, Inc., Biocorp, Ocumedic, Inc.

How This Report Can Add Value

What has been the impact of COVID-19 on the global ophthalmic drug delivery devices market?

Who should buy this report?

•    Technology/non-healthcare companies planning to enter the ophthalmic drug delivery devices market through a platform, mobile application, or smart device
•    Ophthalmic drug delivery device manufacturers
•    Companies manufacturing contact lenses

Key questions answered in the Global Ophthalmic Drug Delivery Devices Market Report

•    What has been the impact of COVID-19 on the global ophthalmic drug delivery devices market?
•    What are the key technological trends influencing the global ophthalmic drug delivery devices market, and what is their potential in short-, mid-, and long-term duration?
•    What are the key regulations impacting the global ophthalmic drug delivery devices market?
•    Who are the key players in the global ophthalmic drug delivery devices market? 
•    Which key strategy was most extensively used in the global ophthalmic drug delivery devices market?
•    What are the key factors influencing the growth of the global ophthalmic drug delivery devices market? What are the major opportunity areas for the companies operating in the market?
•    Which product sub-category is projected to witness accelerated growth in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
•    Which formulation type is projected to hold the largest share in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
•    What are the major sales channels in the global ophthalmic drug delivery devices market, and what is their growth potential during the forecast period 2021-2030?
•    Who are the key end users, and what is their respective share in the global ophthalmic drug delivery devices market?
•    What are the major key findings for the global ophthalmic drug delivery devices market across various regions?

Report Summary

The market was valued at $295.4 million in 2020 and is expected to reach $537.8 million by the end of 2030.

Global Ophthalmic Drug Delivery Devices Market Overview

The scope of the global ophthalmic drug delivery devices market involves various drug delivery devices used in ophthalmic drug delivery. The considered devices include pre-filled syringes, multidose eyedroppers, drug-eluting contact lenses, technology-enabled add-on devices, mist sprayers, squeeze dispensers, and other devices such as tubes and ocular inserts.

The global ophthalmic drug delivery devices market comprises various key medical device companies and emerging companies. The major medical device companies operating in the market include Becton, Dickinson and Company, Nipro Corporation, Teruo Corporation, and West Pharmaceutical Services, Inc.

Furthermore, various ophthalmic drug delivery device manufacturers such as Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Ocular Therapeutix, Inc., Owen Mumford, and Silgan Holdings Inc. also operate in the market.

Additionally, owing to the rising technology integration, various emerging companies such as Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Inc., Biocorp, and Ocumedic, Inc. are also present in the market and are developing advanced ophthalmic drug delivery devices.

The factors driving growth include increasing prevalence of ocular disorders, development of novel drug dispensers, integration of digital solutions in ophthalmic drug delivery devices, and regular funding cycles for emerging companies. The restraints for the global ophthalmic drug delivery devices market include high upfront cost of the advanced ophthalmic drug delivery devices and prolonged regulatory approval process. Furthermore, there are various opportunities in the market that hold considerable growth potential. Entry of regional companies in the global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation are the key opportunity areas in the global ophthalmic drug delivery devices market.

Key technology trends such as the sustained drug delivery, connected devices for medication adherence, small molecules for drug delivery, and liquid sprays are anticipated to influence the global ophthalmic drug delivery devices market.

The global ophthalmic drug delivery devices market is in early stages of technology integration. A limited number of patents have been filed in the global market between January 2016-July 2021. According to World Intellectual Property Organisation (WIPO), there were only 148 patents filed pertaining to the global market, with the highest being filed in 2017 (46).

During January 2018-June 2021, the global ophthalmic drug delivery devices market witnessed 54 key developments. Regulatory and legal activities were the most actively employed strategies, followed by mergers and acquisitions. The key companies that received regulatory approvals between January 2018-June 2021 included Ocular Therapeutix, Inc., AptarGroup, Inc., EyePoint Pharmaceuticals, Inc., Nemera, Johnson, and Johnson Medical Devices Companies, Bausch and Lomb Incorporated, Ocumedic, Inc, and Terumo Corporation. Similarly, several partnerships took place between January 2018-June 2021. The aim of strategic partnerships includes new product development and business expansion.

New product launches are one of the primary strategies adopted by new companies to enter the global ophthalmic drug delivery devices market. Companies have also been working on upgrades for their existing products. Between January 2018-June 2021, several new products were launched in the global ophthalmic drug delivery devices market. Companies such as Gerresheimer AG, Hoffman Neopac AG, Ocular Therapeutix, Inc., and Silgna Holdings, Inc. launched their products in the mentioned period. Furthermore, funding activities are critical for the entry and operation of start-ups in the global ophthalmic drug delivery devices market. Re-Vana Therapeutics, Credence MedSystems, Inc., and Kedalion Therapeutics, Inc. are the prominent companies in the global ophthalmic drug delivery devices market that have received funding for their product development and R&D efforts.

Two business models, namely, business-to-customer (B2C) and business-to-business (B2B), are operational in the global ophthalmic drug delivery devices market. The device manufacturers often employ both the business models for ensuring a prominent local and global presence. Moreover, owing to the emergence of add-on devices, the adoption of B2C business model is projected to increase in the market.

The global ophthalmic drug delivery devices market report highlights that the market was valued at $295.4 million in 2020 and is expected to reach $537.8 million by the end of 2030. The market is expected to grow at a CAGR of 6.17% during the forecast period from 2021 to 2030.

Global Ophthalmic Drug Delivery Devices Market Drivers

The factors driving growth include increasing prevalence of ocular disorders, development of novel drug dispensers, integration of digital solutions in ophthalmic drug delivery devices, and regular funding cycles for emerging companies. The rising prevalence of ocular disorders has also increased the global prevalence of blindness. For instance, according to a study published in Lancet, in December 2020, titled ‘Causes of Blindness and Vision Impairment In 2020 and Trends Over 30 Years, and Prevalence of Avoidable Blindness in Relation to VISION 2020: The Right to Sight: An Analysis for the Global Burden of Disease Study,’ cataract was the major cause of blindness. Furthermore, other ocular disorders such as glaucoma, uncorrected refractive error, age-related macular degeneration, and diabetic retinopathy are also the causes of blindness.

To overcome the shortcomings of conventional eye droppers, various companies operating in the market have developed either novel dispensing systems or advanced eyedroppers. For instance, companies such as AptarGroup, Inc. and Owen Mumford have developed squeeze dispensers for ophthalmic drug delivery. Furthermore, companies such as Nemera, Aero Pump GmbH, and Berry Healthcare have developed advanced eye droppers with a focus on preservative-free formulation and ease of usage.

Furthermore, owing to the rising digitization in the global healthcare system, advancements in drug delivery systems, rising focus on medication adherence, and high cost of drug non-adherence, the ophthalmic drug delivery devices have witnessed digital solutions integration. Companies such as Nemera have developed digital devices for ensuring medication adherence and compliance with the prescribed therapy by the patient. Furthermore, Aptar Group, Inc., in association with Kali Care, has developed connected solutions for ensuring optimum eye care.

Furthermore, emerging companies such as Kedalion Therapeutics, Inc., Re-Vana Therapeutics, and Ocumedic, Inc also operate in the global ophthalmic drug delivery devices market. These companies have a strong product pipeline of advanced drug delivery devices with a focus on minimal drug wastage. Moreover, the companies receive regular fundings that ensure constant product development and research and development (R&D) activities.

Global Ophthalmic Drug Delivery Devices Market Challenges
 
The restraints for the global ophthalmic drug delivery devices market include high upfront cost of the advanced ophthalmic drug delivery devices and prolonged regulatory approval process.

The high upfront cost of the advanced ophthalmic drug delivery devices plays a pivotal role in their limited adoption. For instance, the average price of an ocular insert is approximately $10 per unit, whereas the average price of a pre-filled syringe varies between $0.02-$0.60 per unit. Similarly, the price of a multidose eyedropper varies between $0.03-$0.12. The high price of the advanced ophthalmic drug delivery devices makes their purchase dependent on the reimbursable amount and eligibility criteria. Furthermore, the sales of such devices are considerably low in countries with only private insurance systems.

Furthermore, owing to the long duration of regulatory process and additional requirements, the cost of the process increases that further limits the new product launches. Furthermore, the product undergoes the regulatory process in each geography prior to its launch.

Global Ophthalmic Drug Delivery Devices Market Opportunities

Entry of regional companies in the global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation are the key opportunity areas in the global ophthalmic drug delivery devices market.

The global ophthalmic drug delivery devices market is dominated by global companies such as Nemera, Aptar Group, Inc., Becton, Dickinson and Company, and West Pharmaceutical Services, Inc. However, the market holds significant growth potential for regional companies as well. For instance, Chinese companies are one of the major global suppliers for pre-filled syringes and multidose eyedroppers.

Moreover, companies can partner with chain or standalone clinics as business expansion opportunities. Furthermore, partnerships with clinics also facilitate real-world evidence analysis for the companies.  The key advantages of such a partnership for a company include the development of a customer base and market presence. Moreover, for patients and ophthalmologists, such a partnership would enable access to advanced drug delivery devices, increased compliance with therapy, and minimal wastage of the drugs.

Nanotechnology is one of the key technologies that can be used in manufacturing drug formulations. The key advantages of the technology include sustained drug delivery, target delivery, minimal wastage, and cost-efficacy. Furthermore, such formulations can pass through barriers such as cornea and can be used instead of invasive techniques such as implants.

Impact of COVID-19 on Global Ophthalmic Drug Delivery Devices Market

In the short term, i.e., 2-4 years from 2020, COVID-19 would have a medium impact on the global ophthalmic drug delivery devices market. The demand for add-on devices is anticipated to be high during this timeframe.

5-10 years from 2020, the resumption of elective surgeries and normalization of the supply chain would be the key factors for market recovery. Finally, in the long term, i.e., 8-12 years from 2020, the reinstatement of supply chain and entry of advanced ophthalmic drug delivery devices are expected.

Market Segmentation

Global Ophthalmic Drug Delivery Devices Market (by Product)

The global ophthalmic drug delivery devices market (by product) has been segmented into pre-filled syringes, multidose eyedroppers, contact lenses, add-on devices, mist sprayers, squeeze dispensers, and others.

Global Ophthalmic Drug Delivery Devices Market (by Formulation)

The global ophthalmic drug delivery devices market (by formulation) has been segmented into eye drops, liquid sprays, ointments, gels, and others

Global Ophthalmic Drug Delivery Devices Market (by Sales Channel)

The global ophthalmic drug delivery devices market has been segmented into direct sales and indirect sales.

Global Ophthalmic Drug Delivery Devices Market (by End User)

The global ophthalmic drug delivery devices market (by end user) has been segmented into hospitals, clinics, homecare settings, and others

Global Ophthalmic Drug Delivery Devices Market (by Region)

The different regions covered under the global ophthalmic drug delivery devices market report include North America, Europe, Asia-Pacific, Latin America, and the Middle East, and Africa.

North America dominated the global ophthalmic drug delivery devices market in 2018 and is anticipated to uphold its dominance throughout the forecast period. The growth in the market is majorly driven by the increasing research and development activities and adoption of advanced ophthalmic drug delivery devices. Also, the ongoing trend for digital transformation through the development of platforms and mobile applications is putting a significant impact on the market growth.

Key Market Players and Competition Synopsis

Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., Becton, Dickinson and Company, EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Nipro Corporation, Ocular Therapeutix, Inc., Owen Mumford, Silgan Holdings Inc., Terumo Corporation, West Pharmaceutical Services, Inc., Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Mati Therapeutics, Inc., Biocorp, and Ocumedic, Inc.

The global ophthalmic drug delivery devices market has witnessed several strategic and technological developments in the past few years undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are regulatory and legal activities, partnerships and alliances, new offerings, mergers and acquisitions, expansion activities, and funding activities.

Table of Contents

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Product Definition

2.1    Scope of Study
2.2    Inclusion and Exclusion Criteria
         2.2.1    Inclusion Criteria
         2.2.2    Exclusion Criteria
2.3    Key Questions Answered in the Report

3.1    Data Collection and Analysis
3.2    Data Sources
         3.2.1    Primary Data Sources
         3.2.2    Secondary Data Sources
3.3    Data Triangulation
3.4    Market Estimation
3.5    Forecast Period Selection Criteria
3.6    Assumptions and Limitations

4.1    Impact on Treatment Facilities
4.2    Impact on Market Size
         4.2.1    Scenario Comparative Analysis (Pre-COVID-19, During COVID-19, Post-COVID-19)
4.3    Future Outlook and Recommendations

5.1    Technology and Innovation Landscape
         5.1.1    Key Trends
                     5.1.1.1    Short-Term Impact
                     5.1.1.2    Mid-Term Impact
                     5.1.1.3    Long-Term Impact
                     5.1.1.4    Future Outlook
5.2    Epidemiological Landscape
         5.2.1    Glaucoma
         5.2.2    Age-Related Macular Degeneration
         5.2.3    Cataract
5.3    Value Chain Analysis
5.4    End User Perceptions
5.5    Regulatory Framework
         5.5.1    Regulatory Framework in North America
                     5.5.1.1    Key Takeaways
         5.5.2    Regulatory Framework in Europe
                     5.5.2.1    Key Takeaways
         5.5.3    Regulatory Framework in Asia-Pacific
                     5.5.3.1    Key Takeaways
5.6    Patent Analysis
         5.6.1    Patent Filed, by Year
         5.6.2    Patent Filed, by Country/Cluster
5.7    Product Benchmarking

6.1    Market Share Analysis
6.2    Key Strategies and Developments
         6.2.1    Regulatory and Legal Activities
         6.2.2    Partnerships, Alliances, and Business Expansions
         6.2.3    New Offerings
         6.2.4    Funding Activities
         6.2.5    Mergers and Acquisitions
6.3    Business Model Analysis
6.4    Key Players-Competitive Benchmarking

7.1    Assumptions and Limitations
7.2    Key Findings and Opportunity Assessment
         7.2.1    Key Findings
         7.2.2    Opportunity Assessment
7.3    Global Ophthalmic Drug Delivery Devices Market Size and Forecast
         7.3.1    Realistic Growth Scenario
         7.3.2    Pessimistic/Conservative Growth Scenario
         7.3.3    Optimistic Scenario
7.4    Market Dynamics
         7.4.1    Impact Analysis
         7.4.2    Market Growth Promoting Factors
                     7.4.2.1    Increasing Prevalence of Ocular Disorders
                     7.4.2.2    Development of Novel Drug Dispensers
                     7.4.2.3    Integration of Digital Solutions in Ophthalmic Drug Delivery Devices
                     7.4.2.4    Regular Funding Cycles for Emerging Companies
         7.4.3    Market Growth Restraining Factors
                     7.4.3.1    High Upfront Cost of Advanced Ophthalmic Drug Delivery Devices
                     7.4.3.2    Prolonged Regulatory Approval Process
         7.4.4    Market Opportunities
                     7.4.4.1    Entry of Regional Companies in Global Ophthalmic Drug Delivery Devices Market
                     7.4.4.2    Partnerships between Companies and Ophthalmic Clinics
                     7.4.4.3    Inclusion of Nanotechnology in Ophthalmic Drugs Formulation
                     7.4.4.4    Opportunities Potential
                                    7.4.4.4.1    Short-Term
                                    7.4.4.4.2    Mid-Term
                                    7.4.4.4.3    Long-Term

8.1    Growth Share Matrix
8.2    Pre-Filled Syringes
8.3    Multidose Eyedroppers
8.4    Squeeze Dispenser
8.5    Mist Sprayers
8.6    Add-On Devices
8.7    Contact Lenses
8.8    Others (Tubes, Ocular Inserts)

9.1    Growth Share Matrix
9.2    Eye Drops
9.3    Liquid Sprays
9.4    Ointments
9.5    Gels
9.6    Others (Emulsions, Suspensions, Etc.)

10.1    Opportunity Assessment
10.2    Growth Share Matrix
10.3    Direct Sales
10.4    Indirect Sales

11.1    Opportunity Assessment
11.2    Hospitals
11.3    Clinics
11.4    Homecare Settings
11.5    Others (Standalone, Specialty Centers)

12.1    Overview
12.2    North America Ophthalmic Drug Delivery Devices Market
           12.2.1    Key Findings and Opportunity Assessment
           12.2.2    Market Dynamics: Impact Analysis
           12.2.3    Market Size and Forecast
                         12.2.3.1    by Sales Channel
                         12.2.3.2    by End User
                         12.2.3.3    by Country
                                         12.2.3.3.1    U.S.
                                         12.2.3.3.2    Canada
12.3    Europe Ophthalmic Drug Delivery Devices Market
           12.3.1    Key Findings and Opportunity Assessment
           12.3.2    Market Dynamics: Impact Analysis
           12.3.3    Market Size and Forecast
                         12.3.3.1    by Sales Channel
                         12.3.3.2    by End User
                         12.3.3.3    by Country
                                          12.3.3.3.1    Germany
                                          12.3.3.3.2    U.K.
                                          12.3.3.3.3    France
                                          12.3.3.3.4    Italy
                                          12.3.3.3.5    Spain
                                          12.3.3.3.6    Nordic Countries
                                          12.3.3.3.7    Rest-of-Europe
12.4    Asia-Pacific Ophthalmic Drug Delivery Devices Market
          12.4.1    Key Findings and Opportunity Assessment
          12.4.2    Market Dynamics: Impact Analysis
          12.4.3    Market Size and Forecast
                        12.4.3.1    by Sales Channel
                        12.4.3.2    by End User
                        12.4.3.3    by Country
                                          12.4.3.3.1    Japan
                                          12.4.3.3.2    China
                                          12.4.3.3.3    India
                                          12.4.3.3.4    South Korea
                                          12.4.3.3.5    Australia and New Zealand
                                          12.4.3.3.6    Singapore
                                          12.4.3.3.7    Rest-of-Asia-Pacific
12.5    Latin America Ophthalmic Drug Delivery Devices Market
           12.5.1    Key Findings and Opportunity Assessment
           12.5.2    Market Dynamics: Impact Analysis
           12.5.3    Market Size and Forecast
                         12.5.3.1    by Sales Channel
                         12.5.3.2    by End User
                         12.5.3.3    by Country
                                          12.5.3.3.1    Brazil
                                          12.5.3.3.2    Mexico
                                          12.5.3.3.3    Argentina
                                          12.5.3.3.4    Colombia
                                          12.5.3.3.5    Rest-of-Latin America
12.6    Middle East and Africa Ophthalmic Drug Delivery Devices Market
           12.6.1    Key Findings and Opportunity Assessment
           12.6.2    Market Dynamics: Impact Analysis
           12.6.3    Market Size and Forecast
                         12.6.3.1    by Sales Channel
                         12.6.3.2    by End User
                         12.6.3.3    by Country
                                          12.6.3.3.1    K.S.A.
                                          12.6.3.3.2    Israel
                                          12.6.3.3.3    South Africa
                                          12.6.3.3.4    Rest-of-Middle East and Africa

13.1    Overview
13.2    Established Companies
           13.2.1    Aero Pump GmbH
                        13.2.1.1    Company Overview
                        13.2.1.2    Role of Aero Pump GmbH in Global Ophthalmic Drug Delivery Devices Market
                        13.2.1.3    SWOT Analysis
          13.2.2    AptarGroup, Inc.
                        13.2.2.1    Company Overview
                        13.2.2.2    Role of AptarGroup, Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.2.3    Financials
                        13.2.2.4    R&D Insights
                        13.2.2.5    Recent Developments
                        13.2.2.6    SWOT Analysis
          13.2.3    Bausch Health Companies Inc.
                        13.2.3.1    Company Overview
                        13.2.3.2    Role of Bausch Health Companies Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.3.3    Financials
                        13.2.3.4    R&D Insights
                        13.2.3.5    Recent Developments
                        13.2.3.6    SWOT Analysis
          13.2.4    Becton, Dickinson and Company
                        13.2.4.1    Company Overview
                        13.2.4.2    Role of Becton, Dickinson and Company in the Global Ophthalmic Drug Delivery Devices Market
                        13.2.4.3    Financials
                        13.2.4.4    R&D Insights
                        13.2.4.5    Recent Developments
                        13.2.4.6    SWOT Analysis
          13.2.5    EyePoint Pharmaceuticals, Inc.
                        13.2.5.1    Company Overview
                        13.2.5.2    Role of EyePoint Pharmaceuticals, Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.5.3    Financials
                        13.2.5.4    R&D Insights
                        13.2.5.5    Recent Developments
                        13.2.5.6    SWOT Analysis
          13.2.6    Gaplast GmbH
                        13.2.6.1    Company Overview
                        13.2.6.2    Role of Gaplast GmbH in Global Ophthalmic Drug Delivery Devices Market
                        13.2.6.3    Recent Developments
                        13.2.6.4    SWOT Analysis
          13.2.7    Gerresheimer AG
                        13.2.7.1    Company Overview
                        13.2.7.2    Role of Gerresheimer AG in Global Ophthalmic Drug Delivery Devices Market
                        13.2.7.3    Financials
                        13.2.7.4    R&D Insights
                        13.2.7.5    Recent Developments
                        13.2.7.6    SWOT Analysis
          13.2.8    Jotteq Inc.
                        13.2.8.1    Company Overview
                        13.2.8.2    Role of Jotteq Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.8.3    SWOT Analysis
          13.2.9    Nemera
                        13.2.9.1    Company Overview
                        13.2.9.2    Role of Nemera in Global Ophthalmic Drug Delivery Devices Market
                        13.2.9.3    Recent Developments
                        13.2.9.4    SWOT Analysis
        13.2.10    Nipro Corporation
                        13.2.10.1    Company Overview
                        13.2.10.2    Role of Nipro Corporation in Global Ophthalmic Drug Delivery Devices Market
                        13.2.10.3    Financials
                        13.2.10.4    R&D Insights
                        13.2.10.5    Recent Developments
                        13.2.10.6    SWOT Analysis
        13.2.11    Ocular Therapeutix, Inc.
                        13.2.11.1    Company Overview
                        13.2.11.2    Role of Ocular Therapeutix, Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.11.3    Financials
                        13.2.11.4    R&D Insights
                        13.2.11.5    Recent Developments
                        13.2.11.6    SWOT Analysis
        13.2.12    Owen Mumford
                        13.2.12.1    Company Overview
                        13.2.12.2    Role of Owen Mumford in the Global Ophthalmic Drug Delivery Devices Market
                        13.2.12.3    SWOT Analysis
        13.2.13    Silgan Holdings Inc.
                        13.2.13.1    Company Overview
                        13.2.13.2    Role of Silgan Holdings Inc. in Global Ophthalmic Drug Delivery Devices Market
                        13.2.13.3    Financials
                        13.2.13.4    SWOT Analysis
        13.2.14    Terumo Corporation
                        13.2.14.1    Company Overview
                        13.2.14.2    Role of Terumo Corporation in Global Ophthalmic Drug Delivery Devices Market
                        13.2.14.3    Financials
                        13.2.14.4    R&D Insights
                        13.2.14.5    Recent Developments
                        13.2.14.6    SWOT Analysis
        13.2.15    West Pharmaceutical Services, Inc.
                        13.2.15.1    Company Overview
                        13.2.15.2    Role of West Pharmaceutical Services, Inc. in the Global Ophthalmic Drug Delivery Devices Market
                        13.2.15.3    Financials
                        13.2.15.4    R&D Insights
                        13.2.15.5    SWOT Analysis
13.3    Company Snapshots
           13.3.1    Kedalion Therapeutics, Inc.
                         13.3.1.1    Company Overview
                         13.3.1.2    Role of Kedalion Therapeutics, Inc. in Global Ophthalmic Drug Delivery Devices Market
                         13.3.1.3    Recent Developments
           13.3.2    Re-Vana Therapeutics
                         13.3.2.1    Company Overview
                         13.3.2.2    Role of Re-Vana Therapeutics in Global Ophthalmic Drug Delivery Devices Market
                         13.3.2.3    Recent Developments
           13.3.3    Mati Therapeutics, Inc.
                         13.3.3.1    Company Overview
                         13.3.3.2    Role of Mati Therapeutics, Inc. in Global Ophthalmic Drug Delivery Devices Market
           13.3.4    Biocorp
                         13.3.4.1    Company Overview
                         13.3.4.2    Role of Biocorp in Global Ophthalmic Drug Delivery Devices Market
                         13.3.4.3    Recent Developments
           13.3.5    Ocumedic, Inc.
                         13.3.5.1    Company Overview
                         13.3.5.2    Role of Ocumedic, Inc. in Global Ophthalmic Drug Delivery Devices Market
                         13.3.5.3    Recent Developments

Table 1:    Global Estimates of Common Ocular Conditions
Table 2:    Global Ophthalmic Drug Delivery Devices Market, Quarterly Regional Impact, 2020
Table 2.1:    Global Ophthalmic Drug Delivery Devices Market, Exclusion Criteria
Table 4.1:    Pre-COVID-19 Patient Volume in Private Ophthalmology Practices, July 2020
Table 5.1:    Regulatory Framework in North America
Table 5.2:    Regulatory Framework in Europe
Table 5.3:    Regulatory Framework in Asia-Pacific
Table 5.4:    Global Ophthalmic Drug Delivery Devices Market: Product Benchmarking
Table 6.1:    Global Ophthalmic Drug Delivery Devices Market, Business Model Analysis
Table 7.1:    Global Ophthalmic Drug Delivery Devices Market, Funding Cycles
Table 12.1:    Prevalence of Ocular Disorders in North America, 2016, 2019, and 2030
Table 12.2:    North America Ophthalmic Drug Delivery Devices Market, Impact Analysis
Table 12.3:    Prevalence of Ocular Disorders in the U.S., 2000, 2010, and 2019
Table 12.4:    Prevalence of Ocular Disorders in Canada, 2000, 2010, and 2019
Table 12.5:    Prevalence of Ocular Disorders in Europe, 2016, 2019, and 2030
Table 12.6:    Europe Ophthalmic Drug Delivery Devices Market, Impact Analysis
Table 12.7:    Prevalence of Ocular Disorders in Germany, 2000, 2010, and 2019
Table 12.8:    Prevalence of Ocular Disorders in the U.K., 2000, 2010, and 2019
Table 12.9:    Prevalence of Ocular Disorders in France, 2000, 2010, and 2019
Table 12.10:    Prevalence of Ocular Disorders in Italy, 2000, 2010, and 2019
Table 12.11:    Prevalence of Ocular Disorders in Spain, 2000, 2010, and 2019
Table 12.12:    Prevalence of Ocular Disorders in Nordic Countries, 2000, 2010, and 2019
Table 12.13:    Prevalence of Ocular Disorders in Asia-Pacific, 2016, 2019, and 2030
Table 12.14:    Asia-Pacific Ophthalmic Drug Delivery Devices Market, Impact Analysis
Table 12.15:    Prevalence of Ocular Disorders in Japan, 2000, 2010, and 2019
Table 12.16:    Prevalence of Ocular Disorders in China, 2000, 2010, and 2019
Table 12.17:    Prevalence of Ocular Disorders in India, 2000, 2010, and 2019
Table 12.18:    Prevalence of Ocular Disorders in South Korea, 2000, 2010, and 2019
Table 12.19:    Prevalence of Ocular Disorders in Australia and New Zealand, 2000, 2010, and 2019
Table 12.20:    Prevalence of Ocular Disorders in Singapore, 2000, 2010, and 2019
Table 12.21:    Prevalence of Ocular Disorders in Latin America, 2016, 2019, and 2030
Table 12.22:    Latin America Ophthalmic Drug Delivery Devices Market, Impact Analysis
Table 12.23:    Prevalence of Ocular Disorders in Brazil, 2000, 2010, and 2019
Table 12.24:    Prevalence of Ocular Disorders in Mexico, 2000, 2010, and 2019
Table 12.25:    Prevalence of Ocular Disorders in Argentina, 2000, 2010, and 2019
Table12.26:    Prevalence of Ocular Disorders in Colombia, 2000, 2010, and 2019
Table 12.27:    Prevalence of Ocular Disorders in Middle East and Africa, 2016, 2019, and 2030
Table 12.28:    Middle East and Africa Ophthalmic Drug Delivery Devices Market, Impact Analysis
Table 12.29:    Prevalence of Ocular Disorders in the K.S.A., 2000, 2010, and 2019
Table 12.30:    Prevalence of Ocular Disorders in Israel, 2000, 2010, and 2019
Table 12.31:    Prevalence of Ocular Disorders in South Africa, 2000, 2010, and 2019

Figure 1:    Global Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 2:    Global Ophthalmic Drug Delivery Devices Market, Impact Analysis
Figure 3:    Global Ophthalmic Drug Delivery Devices Market, Companies Benchmarking
Figure 4:    Global Ophthalmic Drug Delivery Devices Market (by End User), 2018 and 2030
Figure 5:    Global Ophthalmic Drug Delivery Devices Market (by Region), 2018 and 2030
Figure 2.1:    Global Ophthalmic Drug Delivery Devices Market Segmentation
Figure 3.1:    Global Ophthalmic Drug Delivery Devices Market: Research Methodology
Figure 3.2:    Primary Research
Figure 3.3:    Secondary Research
Figure 3.4:    Data Triangulation
Figure 3.5:    Assumptions and Limitations
Figure 4.1:    Global Ophthalmic Drug Delivery Devices Market, Scenario Comparative Analysis
Figure 5.1:    Global Ophthalmic Drug Delivery Devices Market: Key Trends
Figure 5.2:    Global Ophthalmic Drug Delivery Devices Market, Short-Term Impact of Key Trends
Figure 5.3:    Global Ophthalmic Drug Delivery Devices Market, Mid-Term Impact of Key Trends
Figure 5.4:    Global Ophthalmic Drug Delivery Devices Market, Long-Term Impact of Key Trends
Figure 5.5:    Global Prevalence, Glaucoma, 2016-2030
Figure 5.6:    Glaucoma Prevalence, by Region, 2016-2030
Figure 5.7:    Global Prevalence, Age-Related Macular Degeneration, 2016-2030
Figure 5.8:    Age-Related Macular Degeneration Prevalence, by Region, 2016-2030
Figure 5.9:    Global Prevalence, Cataract, 2016-2030
Figure 5.10:    Cataract Prevalence, by Region, 2016-2030
Figure 5.11:    Global Ophthalmic Drug Delivery Devices Market: Value Chain Analysis
Figure 5.12:    Global Ophthalmic Drug Delivery Devices Market: End User Perception
Figure 5.13:    Global Ophthalmic Drug Delivery Devices Market, Patent Filing Trend, January 2016-July 2021
Figure 5.14:    Global Ophthalmic Drug Delivery Devices Market, Patent Filing Trend (by Country)
Figure 6.1:    Global Ophthalmic Drug Delivery Devices Market Share Analysis (by Company), 2020
Figure 6.2:    Share of Key Developments and Strategies in the Global Ophthalmic Drug Delivery Devices Market (by Category), January 2018-June 2021
Figure 6.3:    Regulatory and Legal Activities (by Company), January 2018-June 2021
Figure 6.4:    Partnerships, Alliances, and Business Expansions (by Company), January 2018-June 2021
Figure 6.5:    New Offerings (by Company), January 2018-June 2021
Figure 6.6:    Funding Activities (by Company), January 2018-June 2021
Figure 6.7:    Mergers and Acquisitions (by Company), January 2018-June 2021
Figure 6.8:    Global Ophthalmic Drug Delivery Devices Market, Growth Share Matrix (by Product), 2018-2030
Figure 7.1:    Global Ophthalmic Drug Delivery Devices Market, Realistic Growth Scenario, $Million, 2018-2030
Figure 7.2:    Global Ophthalmic Drug Delivery Devices Market, Pessimistic/Conservative Growth Scenario, $Million, 2018-2030
Figure 7.3:    Global Ophthalmic Drug Delivery Devices Market, Optimistic Growth Scenario, $Million, 2018-2030
Figure 7.4:    Global Ophthalmic Drug Delivery Devices Market, Impact Analysis
Figure 7.5:    Increasing Prevalence of Ocular Disorders, 2016-2019
Figure 8.1:    Global Ophthalmic Drug Delivery Devices Market, Incremental Opportunity, (by Product), $Million, 2018 and 2030
Figure 8.2:    Global Ophthalmic Drug Delivery Devices Market (by Product), Growth Share Matrix
Figure 8.3:    Global Ophthalmic Drug Delivery Devices Market (Pre-Filled Syringes), $Million, 2018-2030
Figure 8.4:    Global Ophthalmic Drug Delivery Devices Market (Multidose Eyedroppers), $Million, 2018-2030
Figure 8.5:    Global Ophthalmic Drug Delivery Devices Market (Squeeze Dispenser), $Million, 2018-2030
Figure 8.6:    Global Ophthalmic Drug Delivery Devices Market (Mist Sprayers), $Million, 2018-2030
Figure 8.7:    Global Ophthalmic Drug Delivery Devices Market (Add-On Devices), $Million, 2018-2030
Figure 8.8:    Global Ophthalmic Drug Delivery Devices Market (Contact Lenses), $Million, 2018-2030
Figure 8.9:    Global Ophthalmic Drug Delivery Devices Market (Others), $Million, 2018-2030
Figure 9.1:    Global Ophthalmic Drug Delivery Devices Market, Incremental Opportunity, (by Formulation), $Million, 2018 and 2030
Figure 9.2:    Global Ophthalmic Drug Delivery Devices Market (by Formulation), Growth Share Matrix
Figure 9.3:    Global Ophthalmic Drug Delivery Devices Market (Eye Drops), $Million, 2018-2030
Figure 9.4:    Global Ophthalmic Drug Delivery Devices Market (Liquid Sprays), $Million, 2018-2030
Figure 9.5:    Global Ophthalmic Drug Delivery Devices Market (Ointments), $Million, 2018-2030
Figure 9.6:    Global Ophthalmic Drug Delivery Devices Market (Gels), $Million, 2018-2030
Figure 9.7:    Global Ophthalmic Drug Delivery Devices Market (Others), $Million, 2018-2030
Figure 10.1:    Global Ophthalmic Drug Delivery Devices Market, Incremental Opportunity, (by Sales Channel), $Million, 2018 and 2030
Figure 10.2:    Global Ophthalmic Drug Delivery Devices Market (by Sales Channel), Growth Share Matrix
Figure 10.3:    Global Ophthalmic Drug Delivery Devices Market (Direct Sales), $Million, 2018-2030
Figure 10.4:    Global Ophthalmic Drug Delivery Devices Market (Indirect Sales), $Million, 2018-2030
Figure 11.1:    Global Ophthalmic Drug Delivery Devices Market (by End User), Incremental Opportunity, (by End User), $Million, 2018 and 2030
Figure 11.2:    Global Ophthalmic Drug Delivery Devices Market (Hospitals), $Million,  2018-2030
Figure 11.3:    Global Ophthalmic Drug Delivery Devices Market (Clinics), $Million,  2018-2030
Figure 11.4:    Global Ophthalmic Drug Delivery Devices Market (Homecare Settings), $Million, 2018-2030
Figure 11.5:    Global Ophthalmic Drug Delivery Devices Market (Others), $Million, 2018-2030
Figure 12.1:    Global Ophthalmic Drug Delivery Devices Market, (by Region), 2018 and 2030
Figure 12.2:    North America Ophthalmic Drug Delivery Devices Market, Incremental Growth Opportunity, $Million, 2018 and 2030
Figure 12.3:    North America Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.4:    North America Ophthalmic Drug Delivery Devices Market, (by Sales Channel), $Million, 2018-2030
Figure 12.5:    North America Ophthalmic Drug Delivery Devices Market, (by End User), $Million, 2018-2030
Figure 12.6:    North America Ophthalmic Drug Delivery Devices Market (by Country)
Figure 12.7:    U.S. Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.8:    Canada Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.9:    Europe Ophthalmic Drug Delivery Devices Market, Incremental Growth Opportunity, $Million, 2018 and 2030
Figure 12.10:    Europe Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.11:    Europe Ophthalmic Drug Delivery Devices Market, (by Sales Channel), $Million, 2018-2030
Figure 12.12:    Europe Ophthalmic Drug Delivery Devices Market, (by End User), $Million, 2018-2030
Figure 12.13:    Europe Ophthalmic Drug Delivery Devices Market (by Country)
Figure 12.14:    Germany Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.15:    U.K. Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.16:    France Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.17:    Italy Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.18:    Spain Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.19:    Nordic Countries Ophthalmic Drug Delivery Devices Market, $Million,  2018-2030
Figure 12.20:    Rest-of-Europe Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.21:    Asia-Pacific Ophthalmic Drug Delivery Devices Market, Incremental Growth Opportunity, $Million, 2018 and 2030
Figure 12.22:    Asia-Pacific Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.23:    Asia-Pacific Ophthalmic Drug Delivery Devices Market, (by Sales Channel), $Million, 2018-2030
Figure 12.24:    Asia-Pacific Ophthalmic Drug Delivery Devices Market, (by End User), $Million, 2018-2030
Figure 12.25:    Asia-Pacific Ophthalmic Drug Delivery Devices Market (by Country)
Figure 12.26:    Japan Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.27:    China Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.28:    India Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.29:    South Korea Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.30:    Australia and New Zealand Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.31:    Singapore Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.32:    Rest-of-Asia-Pacific Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.33:    Latin America Ophthalmic Drug Delivery Devices Market, Incremental Growth Opportunity, $Million, 2018 and 2030
Figure 12.34:    Latin America Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.35:    Latin America Ophthalmic Drug Delivery Devices Market, (by Sales Channel), $Million, 2018-2030
Figure 12.36:    Latin America Ophthalmic Drug Delivery Devices Market, (by End User), $Million, 2018-2030
Figure 12.37:    Latin America Ophthalmic Drug Delivery Devices Market (by Country)
Figure 12.38:    Brazil Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.39:    Mexico Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.40:    Argentina Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.41:    Colombia Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.42:    Rest-of-Latin America Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.43:    Middle East and Africa Ophthalmic Drug Delivery Devices Market, Incremental Growth Opportunity, $Million, 2018 and 2030
Figure 12.44:    Middle East and Africa Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.45:    Middle East and Africa Ophthalmic Drug Delivery Devices Market, (by Sales Channel), $Million, 2018-2030
Figure 12.46:    Middle East and Africa Ophthalmic Drug Delivery Devices Market, (by End User), $Million, 2018-2030
Figure 12.47:    Middle East and Africa Ophthalmic Drug Delivery Devices Market (by Country)
Figure 12.48:    K.S.A. Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.49:    Israel Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.50:    South Africa Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 12.51:    Rest-of-Middle East and Africa Ophthalmic Drug Delivery Devices Market, $Million, 2018-2030
Figure 13.1:    Shares of Key Companies Profiled
Figure 13.2:    Aero Pump GmbH: Overall Product Portfolio
Figure 13.3:    Aero Pump GmbH: SWOT Analysis
Figure 13.4:    AptarGroup, Inc.: Overall Product Portfolio
Figure 13.5:    AptarGroup, Inc.: Overall Financials, 2018-2020
Figure 13.6:    AptarGroup, Inc.: Net Revenue (by Segment), $Million, 2018-2020
Figure 13.7:    AptarGroup, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.8:    AptarGroup, Inc.: R&D Expenditure, 2018-2020
Figure 13.9:    AptarGroup, Inc: SWOT Analysis
Figure 13.10:    Bausch Health Companies Inc.: Overall Product Portfolio
Figure 13.11:    Bausch Health Companies Inc.: Overall Financials, 2018-2020
Figure 13.12:    Bausch Health Companies Inc.: Revenue (by Segment), 2018-2020
Figure 13.13:    Bausch Health Companies Inc.: Revenue (by Region), 2018-2020
Figure 13.14:    Bausch Health Companies Inc.: R&D Expense, 2018-2020
Figure 13.15:    Bausch Health Companies Inc.: SWOT Analysis
Figure 13.16:    Becton, Dickinson and Company: Overall Product Portfolio
Figure 13.17:    Becton, Dickinson and Company: Overall Financials, 2018-2020
Figure 13.18:    Becton, Dickinson and Company: Net Revenue (by Segment), $Million,  2018-2020
Figure 13.19:    Becton, Dickinson and Company: Net Revenue (by Region), $Million, 2018-2020
Figure 13.20:    Becton, Dickinson and Company: R&D Expenditure, 2018-2020
Figure 13.21:    Becton, Dickinson and Company: SWOT Analysis
Figure 13.22:    EyePoint Pharmaceuticals, Inc.: Overall Product Portfolio
Figure 13.23:    EyePoint Pharmaceuticals, Inc.: Overall Financials, 2018-2020
Figure 13.24:    EyePoint Pharmaceuticals, Inc.: Revenue (by Region), 2018-2020
Figure 13.25:    EyePoint Pharmaceuticals, Inc.: R&D Expenditure, 2018-2020
Figure 13.26:    EyePoint Pharmaceuticals, Inc.: SWOT Analysis
Figure 13.27:    Gaplast GmbH: Overall Product Portfolio
Figure 13.28:    Gaplast GmbH: SWOT Analysis
Figure 13.29:    Gerresheimer AG: Overall Product Portfolio
Figure 13.30:    Gerresheimer AG: Overall Financials, 2018-2020
Figure 13.31:    Gerresheimer AG: Revenue (by Segment), 2018-2020
Figure 13.32:    Gerresheimer AG: Revenue (by Region), 2018-2020
Figure 13.33:    Gerresheimer AG: R&D Expense, 2018-2020
Figure 13.34:    Gerresheimer AG: SWOT Analysis
Figure 13.35:    Jotteq Inc.: Overall Product Portfolio
Figure 13.36:    Jotteq Inc.: SWOT Analysis
Figure 13.37:    Nemera: Overall Product Portfolio
Figure 13.38:    Nemera: SWOT Analysis
Figure 13.39:    Nipro Corporation: Overall Product Portfolio
Figure 13.40:    Nipro Corporation: Overall Financials, 2018-2020
Figure 13.41:    Nipro Corporation: Revenue (by Segment), 2018-2020
Figure 13.42:    Nipro Corporation: Revenue (by Region), 2018-2020
Figure 13.43:    Nipro Corporation: R&D Expense, 2018-2020
Figure 13.44:    Nipro Corporation: SWOT Analysis
Figure 13.45:    Ocular Therapeutix, Inc.: Overall Product Portfolio
Figure 13.46:    Ocular Therapeutix, Inc.: Overall Financials, 2018-2020
Figure 13.47:    Ocular Therapeutix, Inc.: R&D Expense, 2018-2020
Figure 13.48:    Ocular Therapeutix, Inc.: SWOT Analysis
Figure 13.49:    Owen Mumford: Overall Product Portfolio
Figure 13.50:    Owen Mumford: SWOT Analysis
Figure 13.51:    Silgan Holdings Inc.: Overall Product Portfolio
Figure 13.52:    Silgan Holdings Inc.: Overall Financials, 2018-2020
Figure 13.53:    Silgan Holdings Inc.: Revenue (by Segment), 2018-2020
Figure 13.54:    Silgan Holdings Inc.: Revenue (by Region), 2018-2020
Figure 13.55:    Silgan Holdings Inc.: SWOT Analysis
Figure 13.56:    Terumo Corporation: Overall Product Portfolio
Figure 13.57:    Terumo Corporation: Overall Financials, 2018-2020
Figure 13.58:    Terumo Corporation: Revenue (by Segment), 2018-2020
Figure 13.59:    Terumo Corporation: Revenue (by Region), 2018-2020
Figure 13.60:    Terumo Corporation: R&D Expense, 2018-2020
Figure 13.61:    Terumo Corporation: SWOT Analysis
Figure 13.62:    West Pharmaceutical Services, Inc.: Overall Product Portfolio
Figure 13.63:    West Pharmaceutical Services, Inc.: Overall Financials, 2018-2020
Figure 13.64:    West Pharmaceutical Services, Inc.: Net Revenue (by Segment), $Million,  2018-2020
Figure 13.65:    West Pharmaceutical Services, Inc.: Net Revenue (by Region), $Million, 2018-2020
Figure 13.66:    West Pharmaceutical Services, Inc.: R&D Expenditure, 2018-2020
Figure 13.67:    West Pharmaceutical Services, Inc.: SWOT Analysis

Market Report Coverage

Ophthalmic Drug Delivery Devices

Base Year

2020

Market Size in 2020

$295.4 Million

Forecast Period

2021-2030

Value Projection and Estimation by 2030

$537.8 Million

CAGR During Forecast Period

6.17%

Number of Tables

41

Number of Pages

270

Number of Figures

182

Market Segmentation

•    Product- Pre-filled syringes, multidose eyedroppers, squeeze dispensers, mist sprayers, add-on devices, contact lenses, and others (tubes, ocular inserts, etc.)

•    Formulation- eye drops, liquid sprays, ointments, gels, and others (emulsions, suspensions, etc.)

•    Sales channel- Direct sales and indirect sales

•    End User- Hospitals, clinics, homecare settings, and others (standalone and specialty clinics)

Regional Segmentation

•    North America – U.S., and Canada

•    Europe – Germany, U.K, France, Italy, Spain, Nordic Countries, and Rest-of-Europe

•    Asia-Pacific – Japan, China, India, South Korea, Australia and New Zealand, Singapore, and Rest-of-Asia-Pacific

•    Latin America – Brazil, Mexico, Argentina, Colombia, and Rest-of-Latin-America

•    Middle East and Africa – K.S.A., Israel, South Africa, and Rest-of-Middle East and Africa

Market Growth Drivers

•    Rising Prevalence of Ocular Disorders

•    Development of Novel Drug Dispensers

•    Integration of Digital Solutions in Ophthalmic Drug Delivery Devices

•    Regular Funding Cycles for Emerging Companies

Market Challenges

•    High Upfront Cost of Advanced Ophthalmic Drug Delivery Devices

•    Prolonged Regulatory Approval Process

Market Opportunities

•    Entry of Regional Companies in Global Ophthalmic Drug Delivery Devices Market

•    Partnerships Between Companies and Ophthalmic Clinics

•    Inclusion of Nanotechnology in Ophthalmic Drugs Formulation

Key Companies Profiled

Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., Becton, Dickinson and Company, EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Nipro Corporation, Ocular Therapeutix, Inc., Owen Mumford, Silgan Holdings Inc., Terumo Corporation, West Pharmaceutical Services, Inc., Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Mati Therapeutics, Inc., Biocorp, Ocumedic, Inc.

How This Report Can Add Value

Who should buy this report?

•    Technology/non-healthcare companies planning to enter the ophthalmic drug delivery devices market through a platform, mobile application, or smart device
•    Ophthalmic drug delivery device manufacturers
•    Companies manufacturing contact lenses

Key questions answered in the Global Ophthalmic Drug Delivery Devices Market Report

•    What has been the impact of COVID-19 on the global ophthalmic drug delivery devices market?
•    What are the key technological trends influencing the global ophthalmic drug delivery devices market, and what is their potential in short-, mid-, and long-term duration?
•    What are the key regulations impacting the global ophthalmic drug delivery devices market?
•    Who are the key players in the global ophthalmic drug delivery devices market? 
•    Which key strategy was most extensively used in the global ophthalmic drug delivery devices market?
•    What are the key factors influencing the growth of the global ophthalmic drug delivery devices market? What are the major opportunity areas for the companies operating in the market?
•    Which product sub-category is projected to witness accelerated growth in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
•    Which formulation type is projected to hold the largest share in the global ophthalmic drug delivery devices market during the forecast period 2021-2030?
•    What are the major sales channels in the global ophthalmic drug delivery devices market, and what is their growth potential during the forecast period 2021-2030?
•    Who are the key end users, and what is their respective share in the global ophthalmic drug delivery devices market?
•    What are the major key findings for the global ophthalmic drug delivery devices market across various regions?

Report Summary

Global Ophthalmic Drug Delivery Devices Market Overview

The scope of the global ophthalmic drug delivery devices market involves various drug delivery devices used in ophthalmic drug delivery. The considered devices include pre-filled syringes, multidose eyedroppers, drug-eluting contact lenses, technology-enabled add-on devices, mist sprayers, squeeze dispensers, and other devices such as tubes and ocular inserts.

The global ophthalmic drug delivery devices market comprises various key medical device companies and emerging companies. The major medical device companies operating in the market include Becton, Dickinson and Company, Nipro Corporation, Teruo Corporation, and West Pharmaceutical Services, Inc.

Furthermore, various ophthalmic drug delivery device manufacturers such as Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Ocular Therapeutix, Inc., Owen Mumford, and Silgan Holdings Inc. also operate in the market.

Additionally, owing to the rising technology integration, various emerging companies such as Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Inc., Biocorp, and Ocumedic, Inc. are also present in the market and are developing advanced ophthalmic drug delivery devices.

The factors driving growth include increasing prevalence of ocular disorders, development of novel drug dispensers, integration of digital solutions in ophthalmic drug delivery devices, and regular funding cycles for emerging companies. The restraints for the global ophthalmic drug delivery devices market include high upfront cost of the advanced ophthalmic drug delivery devices and prolonged regulatory approval process. Furthermore, there are various opportunities in the market that hold considerable growth potential. Entry of regional companies in the global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation are the key opportunity areas in the global ophthalmic drug delivery devices market.

Key technology trends such as the sustained drug delivery, connected devices for medication adherence, small molecules for drug delivery, and liquid sprays are anticipated to influence the global ophthalmic drug delivery devices market.

The global ophthalmic drug delivery devices market is in early stages of technology integration. A limited number of patents have been filed in the global market between January 2016-July 2021. According to World Intellectual Property Organisation (WIPO), there were only 148 patents filed pertaining to the global market, with the highest being filed in 2017 (46).

During January 2018-June 2021, the global ophthalmic drug delivery devices market witnessed 54 key developments. Regulatory and legal activities were the most actively employed strategies, followed by mergers and acquisitions. The key companies that received regulatory approvals between January 2018-June 2021 included Ocular Therapeutix, Inc., AptarGroup, Inc., EyePoint Pharmaceuticals, Inc., Nemera, Johnson, and Johnson Medical Devices Companies, Bausch and Lomb Incorporated, Ocumedic, Inc, and Terumo Corporation. Similarly, several partnerships took place between January 2018-June 2021. The aim of strategic partnerships includes new product development and business expansion.

New product launches are one of the primary strategies adopted by new companies to enter the global ophthalmic drug delivery devices market. Companies have also been working on upgrades for their existing products. Between January 2018-June 2021, several new products were launched in the global ophthalmic drug delivery devices market. Companies such as Gerresheimer AG, Hoffman Neopac AG, Ocular Therapeutix, Inc., and Silgna Holdings, Inc. launched their products in the mentioned period. Furthermore, funding activities are critical for the entry and operation of start-ups in the global ophthalmic drug delivery devices market. Re-Vana Therapeutics, Credence MedSystems, Inc., and Kedalion Therapeutics, Inc. are the prominent companies in the global ophthalmic drug delivery devices market that have received funding for their product development and R&D efforts.

Two business models, namely, business-to-customer (B2C) and business-to-business (B2B), are operational in the global ophthalmic drug delivery devices market. The device manufacturers often employ both the business models for ensuring a prominent local and global presence. Moreover, owing to the emergence of add-on devices, the adoption of B2C business model is projected to increase in the market.

The global ophthalmic drug delivery devices market report highlights that the market was valued at $295.4 million in 2020 and is expected to reach $537.8 million by the end of 2030. The market is expected to grow at a CAGR of 6.17% during the forecast period from 2021 to 2030.

Global Ophthalmic Drug Delivery Devices Market Drivers

The factors driving growth include increasing prevalence of ocular disorders, development of novel drug dispensers, integration of digital solutions in ophthalmic drug delivery devices, and regular funding cycles for emerging companies. The rising prevalence of ocular disorders has also increased the global prevalence of blindness. For instance, according to a study published in Lancet, in December 2020, titled ‘Causes of Blindness and Vision Impairment In 2020 and Trends Over 30 Years, and Prevalence of Avoidable Blindness in Relation to VISION 2020: The Right to Sight: An Analysis for the Global Burden of Disease Study,’ cataract was the major cause of blindness. Furthermore, other ocular disorders such as glaucoma, uncorrected refractive error, age-related macular degeneration, and diabetic retinopathy are also the causes of blindness.

To overcome the shortcomings of conventional eye droppers, various companies operating in the market have developed either novel dispensing systems or advanced eyedroppers. For instance, companies such as AptarGroup, Inc. and Owen Mumford have developed squeeze dispensers for ophthalmic drug delivery. Furthermore, companies such as Nemera, Aero Pump GmbH, and Berry Healthcare have developed advanced eye droppers with a focus on preservative-free formulation and ease of usage.

Furthermore, owing to the rising digitization in the global healthcare system, advancements in drug delivery systems, rising focus on medication adherence, and high cost of drug non-adherence, the ophthalmic drug delivery devices have witnessed digital solutions integration. Companies such as Nemera have developed digital devices for ensuring medication adherence and compliance with the prescribed therapy by the patient. Furthermore, Aptar Group, Inc., in association with Kali Care, has developed connected solutions for ensuring optimum eye care.

Furthermore, emerging companies such as Kedalion Therapeutics, Inc., Re-Vana Therapeutics, and Ocumedic, Inc also operate in the global ophthalmic drug delivery devices market. These companies have a strong product pipeline of advanced drug delivery devices with a focus on minimal drug wastage. Moreover, the companies receive regular fundings that ensure constant product development and research and development (R&D) activities.

Global Ophthalmic Drug Delivery Devices Market Challenges
 
The restraints for the global ophthalmic drug delivery devices market include high upfront cost of the advanced ophthalmic drug delivery devices and prolonged regulatory approval process.

The high upfront cost of the advanced ophthalmic drug delivery devices plays a pivotal role in their limited adoption. For instance, the average price of an ocular insert is approximately $10 per unit, whereas the average price of a pre-filled syringe varies between $0.02-$0.60 per unit. Similarly, the price of a multidose eyedropper varies between $0.03-$0.12. The high price of the advanced ophthalmic drug delivery devices makes their purchase dependent on the reimbursable amount and eligibility criteria. Furthermore, the sales of such devices are considerably low in countries with only private insurance systems.

Furthermore, owing to the long duration of regulatory process and additional requirements, the cost of the process increases that further limits the new product launches. Furthermore, the product undergoes the regulatory process in each geography prior to its launch.

Global Ophthalmic Drug Delivery Devices Market Opportunities

Entry of regional companies in the global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation are the key opportunity areas in the global ophthalmic drug delivery devices market.

The global ophthalmic drug delivery devices market is dominated by global companies such as Nemera, Aptar Group, Inc., Becton, Dickinson and Company, and West Pharmaceutical Services, Inc. However, the market holds significant growth potential for regional companies as well. For instance, Chinese companies are one of the major global suppliers for pre-filled syringes and multidose eyedroppers.

Moreover, companies can partner with chain or standalone clinics as business expansion opportunities. Furthermore, partnerships with clinics also facilitate real-world evidence analysis for the companies.  The key advantages of such a partnership for a company include the development of a customer base and market presence. Moreover, for patients and ophthalmologists, such a partnership would enable access to advanced drug delivery devices, increased compliance with therapy, and minimal wastage of the drugs.

Nanotechnology is one of the key technologies that can be used in manufacturing drug formulations. The key advantages of the technology include sustained drug delivery, target delivery, minimal wastage, and cost-efficacy. Furthermore, such formulations can pass through barriers such as cornea and can be used instead of invasive techniques such as implants.

Impact of COVID-19 on Global Ophthalmic Drug Delivery Devices Market

In the short term, i.e., 2-4 years from 2020, COVID-19 would have a medium impact on the global ophthalmic drug delivery devices market. The demand for add-on devices is anticipated to be high during this timeframe.

5-10 years from 2020, the resumption of elective surgeries and normalization of the supply chain would be the key factors for market recovery. Finally, in the long term, i.e., 8-12 years from 2020, the reinstatement of supply chain and entry of advanced ophthalmic drug delivery devices are expected.

Market Segmentation

Global Ophthalmic Drug Delivery Devices Market (by Product)

The global ophthalmic drug delivery devices market (by product) has been segmented into pre-filled syringes, multidose eyedroppers, contact lenses, add-on devices, mist sprayers, squeeze dispensers, and others.

Global Ophthalmic Drug Delivery Devices Market (by Formulation)

The global ophthalmic drug delivery devices market (by formulation) has been segmented into eye drops, liquid sprays, ointments, gels, and others

Global Ophthalmic Drug Delivery Devices Market (by Sales Channel)

The global ophthalmic drug delivery devices market has been segmented into direct sales and indirect sales.

Global Ophthalmic Drug Delivery Devices Market (by End User)

The global ophthalmic drug delivery devices market (by end user) has been segmented into hospitals, clinics, homecare settings, and others

Global Ophthalmic Drug Delivery Devices Market (by Region)

The different regions covered under the global ophthalmic drug delivery devices market report include North America, Europe, Asia-Pacific, Latin America, and the Middle East, and Africa.

North America dominated the global ophthalmic drug delivery devices market in 2018 and is anticipated to uphold its dominance throughout the forecast period. The growth in the market is majorly driven by the increasing research and development activities and adoption of advanced ophthalmic drug delivery devices. Also, the ongoing trend for digital transformation through the development of platforms and mobile applications is putting a significant impact on the market growth.

Key Market Players and Competition Synopsis

Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., Becton, Dickinson and Company, EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Nipro Corporation, Ocular Therapeutix, Inc., Owen Mumford, Silgan Holdings Inc., Terumo Corporation, West Pharmaceutical Services, Inc., Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Mati Therapeutics, Inc., Biocorp, and Ocumedic, Inc.

The global ophthalmic drug delivery devices market has witnessed several strategic and technological developments in the past few years undertaken by the different market players to attain their respective market shares in this emerging domain. Some of the strategies covered in this segment are regulatory and legal activities, partnerships and alliances, new offerings, mergers and acquisitions, expansion activities, and funding activities.

FAQ's

What is the estimated growth rate of ophthalmic drug delivery devices market in the coming years?

The ophthalmic drug delivery devices market is expected to reach $537.8 Million by the end of 2030.

What are the possible opportunities that can boost the growth of the ophthalmic drug delivery devices market?

The opportunities that can boost the growth of the market include entry of regional companies in global ophthalmic drug delivery devices market, partnerships between companies and ophthalmic clinics, and inclusion of nanotechnology in ophthalmic drugs formulation.

What are factors impeding the growth of global ophthalmic drug delivery devices market?

The factors impeding the growth of the market include high upfront cost of advanced ophthalmic drug delivery devices and prolonged regulatory approval process.

What are the products that are covered under the ophthalmic drug delivery devices market?

Products covered under the ophthalmic drug delivery devices include pre-filled syringes, multidose eyedroppers, squeeze dispensers, mist sprayers, add-on devices, contact lenses, and others (tubes, ocular inserts, etc.

Which are the top market players operating in the ophthalmic drug delivery devices market?

Aero Pump GmbH, AptarGroup, Inc., Bausch Health Companies Inc., Becton, Dickinson and Company, EyePoint Pharmaceuticals, Inc., Gaplast GmbH, Gerresheimer AG, Jotteq Inc., Nemera, Nipro Corporation, Ocular Therapeutix, Inc., Owen Mumford, Silgan Holdings Inc., Terumo Corporation, West Pharmaceutical Services, Inc., Kedalion Therapeutics, Inc., Re-Vana Therapeutics, Mati Therapeutics, Inc., Biocorp, Ocumedic, Inc.

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