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The U.S. allergic conjunctivitis market size was USD 1.35 billion in 2023. The market is expected to grow from USD 1.43 billion in 2024 to USD 2.32 billion by 2032, exhibiting a CAGR of 6.2% during the forecast period.
Allergic conjunctivitis is an IgE-mediated hypersensitivity reaction. It is the most frequent ocular allergy and affects the ocular surface for the duration of aeroallergen exposure. The common allergens that induce conjunctivitis include tree, grass pollen, house dust mites, animal/pest dander, and mold spores. Furthermore, the rising number of cases and the presence of advanced healthcare facilities with different treatment options in the U.S. is driving the growth of the market.
Moreover, rising healthcare expenditure in the country and increasing government and private awareness programs for allergy and anaphylaxis detection and management are expected to drive market growth. Also, the presence of key market players with robust product offerings, treatment options, and rising research initiatives between the companies to offer convenient treatment methods for the disease is boosting the U.S. allergic conjunctivitis market growth.
The COVID-19 pandemic negatively impacted the U.S. market. The decline in patient visits to the hospitals during the pandemic due to restrictions led to a decrease in the number of prescriptions for the treatment. Moreover, the pandemic negatively impacted the sales of these products in the country. Additionally, the rising number of seasonal allergy cases, ocular allergy, the presence of high-end healthcare facilities, and expenditures in the U.S. normalized the market over 2021-2023. It is expected to attain robust growth during 2024-2032.
Development of New Therapies for Treatment is Prominent Trend
In recent years, one of the significant U.S. allergic conjunctivitis market trends is the increasing development of drug delivery systems for conjunctivitis treatment.
Currently, various topical eye drops are available for the treatment, although this dosage form has several drawbacks. It includes low bioavailability, inadequate penetration of the drug into ocular tissues, short residence time on the eye surface due to tear turnover, the need for frequent applications, and reliance on patient adherence to the treatment regimen.
To address these challenges, many research and development activities are taking place by the key players to offer robust products for the treatment of the disease is a prominent trend.
Such clinical trials and regulatory approvals for new and advanced delivery options are expected to become a prominent trend in the market.
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Growing Prevalence of Eye Allergies to Boost Market Growth
The primary factor driving the expansion of the U.S. market is the rising prevalence of eye allergies and anaphylaxis. It is an inflammation of the conjunctiva caused by allergens and irritants, such as pollen, dust, and mold. It is common in people with other allergic conditions such as hay fever, asthma, or eczema.
Thus, the growing number of cases of allergy and conjunctivitis associated with it eventually enhances product adoption in the market.
Robust Awareness and Suitable Reimbursement for Treatment to Boost Market Growth
Another critical driver of the market is the rising awareness amongst the patient population regarding disease treatment through various campaigns and programs initiated by key government bodies of the country. The growing awareness enhances product adoption in the market.
Additionally, an increase in government support by offering reimbursement coverage on new drug delivery systems launched by key players to reduce the economic burden of treatment is expected to propel the growth of the market.
Adverse Events Associated with Medications May Hinder Market Growth
In recent years, the rising prevalence of allergic conjunctivitis has increased the demand for medication to treat them. However, the market has faced challenges, such as the presence of adverse drug reactions associated with the drugs available in the market, which can lead to their reduced adoption.
Such side effects associated with the medication are affecting consumers' trust and limiting the adoption of products and the growth of the market.
Increasing Demand for Antihistamines & Mast Cell Stabilizers to Boost Segment’s Growth
The market segmentation based on drug class is divided into antihistamines & mast cell stabilizers, corticosteroids, and others.
The antihistamines & mast cell stabilizers segment dominated the U.S. market in the drug class segment. The segment is anticipated to grow at a significant CAGR during the forecast period. The substantial share of the segment is due to the increasing demand for antihistamines & mast cell stabilizers to control the allergic reaction in the patient, as the clinical signs and symptoms of allergic conjunctivitis are mediated by the release of histamine by mast cells.
Moreover, major players in the U.S. market are focusing on increasing the availability of the drug over-the-counter. Such scenarios boost the growth of the segment.
The corticosteroids segment holds a substantial share of the market. The substantial share of the segment is augmented due to the presence of key players in the market with product offerings such as corticosteroids for the treatment.
The others segment holds a notable share of the market. The growth of the segment is attributed to the rising research and development activities amongst the key players to launch advanced drugs for disease treatment. Also, increasing demand for immunotherapies and biologics for allergy treatment is expected to boost the growth of the segment in the market.
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Rising Prevalence of Severe Symptoms of Allergic Conjunctivitis Lead to Propel Segment Growth
Based on disease type, the market is bifurcated into severe allergic conjunctivitis and mild allergic conjunctivitis.
The severe allergic conjunctivitis segment held the dominant U.S. allergic conjunctivitis market share in 2023. The dominant share of the segment is due to the rising prevalence of eye allergy cases in the country.
Additionally, the presence of well-established players with generic and branded product offerings for severe symptoms boosted the segment’s growth.
The mild segment accounted for a substantial share in 2023 owing to the high prevalence of seasonal allergies and milder symptoms. Also, the presence of over-the-counter medications for mild conditions makes it convenient for patients seeking treatment.
Shift of Patients to Hospitals for Treatment to Aid Hospital Pharmacies Segmental Growth
Based on distribution channel, the market is segmented into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies.
The hospital pharmacies held a dominant share of the U.S. market in 2023. The growth of the segment is attributed to the high flow of patients suffering from allergic conjunctivitis in hospitals and adequate reimbursement policies awarded by hospitals in the country. Such scenarios boost the adoption of drugs from hospital pharmacies and propel the growth of the segment in the market.
The drug stores & retail pharmacies segment held a substantial share of the market. The growth of the segment is due to the presence of a majority of drugs for treatment at these channels. Also, the increasing regulatory approvals and collaboration among the key players and the retail channels to launch drugs over-the-counter for patient use is expected to drive the segment’s market growth.
The online pharmacies segment held a notable share of the market. The growth of the segment is due to the presence of a majority of prescription drugs in these channels, as well as ease of availability, support services, and convenience to the patients. Also, rising usage of technology and e-commerce platforms in the U.S. boost the growth of the segment.
Robust Product Portfolio with Strong Regulatory Approvals by Alcon Inc. to Maintain their Position
The competitive landscape of the market reflects a fragmented structure. Alcon, Inc. held a significant position in the U.S. market in 2023 due to its robust product portfolio, with an emphasis on obtaining regulatory approvals to launch its key products over-the-counter. Furthermore, Bausch + Lomb and AbbVie Inc. held a substantial share of the market revenue due to the robust product offerings in the eye care business and strong strategic initiatives by the company.
Other prominent players include Teva Pharmaceutical Industries Ltd., Harrow, Inc., Ocular Therapeutix, Inc., and others. The rising focus of the companies on the introduction of innovative and generic products with specific strategic initiatives and gaining approvals are anticipated to boost their presence in the U.S. market during the forecast period.
The report focuses on an industry overview and market dynamics, such as the drivers, restraints, opportunities, and trends. In addition to this, the market report provides information related to the prevalence of allergic conjunctivitis and pipeline analysis of the new drug developed by the market players. Furthermore, the U.S. market analysis also focuses on key industry developments and new product launches in the market by key companies. In addition, the impact of COVID-19, as well as a detailed company profile and the industry overview during the pandemic, are covered in the report.
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ATTRIBUTE | DETAILS |
Study Period | 2019-2032 |
Base Year | 2023 |
Estimated Year | 2024 |
Forecast Period | 2024-2032 |
Historical Period | 2019-2022 |
Unit | Value (USD Billion) |
Growth Rate | CAGR of 6.2% from 2024-2032 |
Segmentation | By Drug Class
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By Disease Type
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By Distribution Channel
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Fortune Business Insights says that the U.S. market stood at USD 1.35 billion in 2023 and is projected to record a valuation of USD 2.32 billion by 2032.
The market is expected to exhibit a CAGR of 6.2% during the forecast period of 2024-2032.
The antihistamines & mast cell stabilizers segment is projected to lead the market.
The contributing factors, such as the increasing prevalence of eye allergies and a rise in awareness and reimbursement policies, are expected to drive the market growth.
The development of new therapies for allergic conjunctivitis is the key trend in the market.
Alcon Inc. and Bausch + Lomb are the top players in the market.
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