PUBLISHER: Grand View Research | PRODUCT CODE: 1908583
PUBLISHER: Grand View Research | PRODUCT CODE: 1908583
The global ophthalmic drugs market size was valued at USD 41.39 billion in 2025 and is projected to reach USD 79.44 billion by 2033, growing at a CAGR of 8.51% from 2026 to 2033. The market growth is attributed to the rising prevalence of eye disease, advancements in drug delivery, and an increasing focus on research for development of novel therapeutics in the market.
Eye diseases encompass a wide spectrum of morbidities that impact various components of the visual system and function. The increase in the prevalence of eye-related disorders, such as macular degeneration, diabetic retinopathy, and presbyopia, is one of the major factors driving the growth of the overall ophthalmic drug market. The increasing prevalence of these conditions is expected to boost the market. As per WHO, in 2023, approximately 2.2 billion people were visually impaired globally. Moreover, according to a study, "Global incidence and risk factors for glaucoma," published by the Journal of Global Health in November 2024, the worldwide incidence rate of Primary Open-Angle Glaucoma (POAG) in 2022 was 23.46 cases per 10,000 person-years for individuals aged 40 to 79. Between 1990 and 2019, there was a notable rise in this rate, increasing from 5.51 cases per 10,000 person-years in the 40 to 44 age group to 64.36 cases per 10,000 person-years in the 75 to 79 age group. This rising prevalence of eye conditions significantly increases the demand for effective ophthalmic drugs over the forecast period.
The growing geriatric population is anticipated to increase the number of people with eye conditions. According to the United Nations, the share of individuals aged 65 and older is growing more rapidly than that of younger populations. As a result, the percentage of the global population in this age group is anticipated to increase from 10% in 2022 to 16% by 2050. By that year, it is estimated that the number of people aged 65 and above will be twice that of children under the age of 5 and nearly equal to the number of children under 12. Presbyopia, cataracts, glaucoma, and AMD become more common as people get older. This growing adult population, coupled with the increasing prevalence of conditions such as diabetes, significantly increases the risk of various eye conditions, thereby contributing to market growth. According to the WHO, the population of individuals diagnosed with diabetes increased from 200 million in 1990 to 830 million by 2022. Some eye disorders, such as glaucoma, refractive error, and retinal degeneration, including retinitis pigmentosa, are also influenced by genetics. Another non-modifiable risk factor associated with an increased risk of acquiring some eye disorders is ethnicity.
Global Ophthalmic Drugs Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Grand View Research has segmented the global ophthalmic drugs market report on the basis of drug class, disease, dosage form, route of administration, product, drug type, and region: