The ophthalmic dyes are used as both diagnostics and as therapeutics in treating both anterior and posterior segment disorders. There are many types of dyes available in the ophthalmic dye market but most commonly used dyes are fluorescein, and rose Bengal. The global ophthalmic dyes market is increasing due to the increasing geriatric population, and age-related eye disorders.
The outbreak of novel coronavirus is believed to have a severe impact on the global ophthalmic dye market. During the COVID-19 outbreak, there has been a decrease in flow of patients into the hospitals and clinics which is leading to reduced diagnosis and surgeries which in turn is affecting the global ophthalmic dye market.
After the supply and production disruptions, the industries are now facing a demand shock with an uncertain recovery timeline due to shelter-in-place regulations.
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Ophthalmic Dye Market: Drivers and Restraints-
The increasing prevalence of dry eye along with the inflammation of the ocular surface, especially among the aged population is the major driver in the ophthalmic dye market. Furthermore, the rising prevalence of age-related macular degeneration is expected to drive the growth of ophthalmic dye market.
There are various environmental factors such as air pollution, central heating, chemical burns which affect the tear film leading to eye infection are expected to boost the ophthalmic dye market. Apart from drivers, there are some restraints for the ophthalmic dye market such as high costs of ophthalmic diagnosis and surgery, and side effects of ocular diagnostics such as occasional vomiting and transient nausea.
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Ophthalmic Dye Market: Segmentation
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Ophthalmic Dye Market: Key Market Participants
Some of the market participants in the global ophthalmic dye market identified across the value chain include: Akorn, Inc., Novartis International AG, Altaire Pharmaceuticals, Inc., Johnson & Johnson, Bausch Health, HUB Pharmaceuticals, LLC, Abbott Laboratories, Topcon Corporation, Carl-Zeiss-Stiftung, Nomax, Inc., and others.
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