Veterinary Eye Care Market Business Analysis, New Innovation | Share, Revenue, And Sales Till 2028

Veterinary eye care has been going through a phase of technological advancements, which have found effective cure for numerous ophthalmologic treatments. Increasing incidences of eye disorders among the pets in parallel to their early aging are the primary factors driving the growth of the veterinary eye care market.

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Prevalence of diabetes in pets, especially in cats and dogs, resulting in poor vision has hard-pressed the pet owners to opt for veterinary eye care treatment. In addition, the rising number of households with pets coupled with increasing expenditures on pet care will deliver affluent growth opportunities to the veterinary eye care market in the forthcoming years. However, lack of awareness pertaining to the treatments for cataract in pets among pet owners is expected to dampen the growth of the veterinary eye care market.

Veterinary Eye Care Market – Restraints

• Hesitance in the adoption of advanced eye care infrastructure, on the back of high initial investment costs, is expected to limit the growth of the veterinary eye care market.
• Lack of awareness pertaining to the eye care of pets in the developing countries and average healthcare facilities to dampen the growth of the veterinary eye care market.

Veterinary Eye Care Market: Segmentation

The global veterinary eye care market can be segmented on the basis of treatment, indication, end users and geography.

Based on treatment, the global veterinary eye care market has been segmented into:

• Medical Treatment
  • Eye Drops
  • Ointments
  • Injections
  • Drugs
    • Cyclosporine
    • Tacrolimus
    • Corticosteroids
    • Others
• Surgery
  • Diode Laser Surgery
    • Retinopexies
    • Retino Reattachment
    • Endoscopic CPC
  • Cataract Phacoemulsification & Lens Replacement
  • Automated Vitrectomy
  • Glaucoma Drainage Implant Surgery

Based on indications, the global veterinary eye care market has been segmented into:

• Ocular Surface Disorders
• Glaucoma
• Cataract
• Anterior Uveitis
• Retinal Diseases
• Corneal Disease
• Others

Based on distribution channel, the global veterinary eye care market has been segmented into:

• Veterinary Hospitals
• Veterinary Clinics
• Retail Pharmacies
• Drug Stores
• Online Pharmacy
• Others

Veterinary Eye Care Market: Overview

The global veterinary eye care market is expected to witness moderate growth over the forecast period. Several veterinary drugs are introduced in the veterinary eye care market. Of these, some are still under clinical trials and thus, there is high competition among local and regional players.

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Among the two treatment types, the medical treatment segment, which includes eye drops, ointments, and drugs, is expected to lead the global veterinary eye care market over the forecast period. The retail pharmacy distribution channels segment is expected to contribute a high share in the global veterinary eye care market as it is the most accessible channel and outpatient treatment is recommended for most animals. Veterinary hospitals also account for significant revenue generation in veterinary eye care market owing to a large number of eye surgeries performed by veterinarians in these facilities.

Veterinary Eye Care Market: Regional Outlook

Geographically, the global veterinary eye care market is segmented into North America, Latin America, Europe, Asia-Pacific excluding Japan (APEJ), Japan and the Middle East and Africa (MEA). North America is expected to be the dominant market in the global veterinary eye care market owing to high prevalence of eye diseases among animals and high spending on vet care as compared to other regions. The veterinary eye care market in APEJ is expected to grow at a significant CAGR due to an increase in the number of products offered by key domestic players. Europe is expected to register the second-largest share in the global veterinary eye care market throughout the forecast period owing to increased awareness about veterinary eye diseases among pet owners.

Veterinary Eye Care Market: Key Players

The global veterinary eye care market is highly fragmented owing to presence of large number of domestic manufacturers. Some of the key players operating in the global veterinary eye care market are Bausch & Lomb Incorporated; I-Med Animal Health; Menicon Co., Ltd.; Animal Eye Care LLC and Akorn, Inc., among others.

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

The report covers exhaustive analysis on:

• Market Segments
• Market Dynamics
• Market Size
• Supply & Demand
• Current Trends/Issues/Challenges
• Competition & Companies involved
• Technology
• Value Chain

Regional analysis includes

• North America (U.S., Canada)
• Latin America (Mexico, Brazil)
• Western Europe (Germany, Italy, U.K, Spain, France, Nordic countries, BENELUX)
• Eastern Europe (Russia, Poland, Rest Of Eastern Europe)
• Asia Pacific Excluding Japan (China, India, Australia & New Zealand)
• Japan
• Middle East and Africa (GCC, S. Africa, Rest Of MEA)

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