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Global Glaucoma Therapeutics Market Research Report 2022-2027:
According to the latest report by IMARC Group, titled " Glaucoma Therapeutics Market: Global Industry Trends, Share, Size, Growth, Opportunity and Fore cast 2022-2027
," the global glaucoma therapeutics market size reached US$ 7 Billion in 2021.
Glaucoma is an ocular disorder that damages the optic nerve of the patient. The structural changes in the optic nerves are usually caused by the abnormally high intraocular pressure (IOP) due to the extra build-up of fluid in the front part of the eyes. This condition can often lead to vision loss and permanent blindness in progressive cases. Numerous medications and therapies are prescribed to patients with glaucoma in order to avoid complete vision loss.
Eye drops that belong to the class of beta-blockers, alpha agonists, prostaglandins and cholinergic are usually prescribed to reduce the production of fluid in the eyes. These drops can then be followed by conventional or laser surgeries for effective results. In several cases, a combination of both approaches is utilized for the treatment of glaucoma.
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The market is primarily driven by the increasing occurrence of glaucoma on the global level. This can be attributed to the rising number of patients who have diabetes due to their shifting lifestyle patterns and a lack of physical activities. This, along with the increasing geriatric population that is more susceptible to chronic ocular disorders, is providing a thrust to the market growth. Along with this, there has been a growing preference for the adoption of laser glaucoma surgeries among the patients as well as the healthcare professionals on account of the successful outcomes of this procedure. Multiple professionals are also prescribing combination therapies for the treatment of glaucoma that involves the use of polymer-based contact lenses, drug-eluting punctal plugs, implantable extended-release devices, microneedle-injection devices and micro-dosing technologies.
Coupled with the increasing number of awareness programs conducted by multiple organizations to spread awareness regarding the availability of effective glaucoma therapeutics, this is creating a positive outlook for the market. Some of the other factors contributing to the market growth include the continual research and development (R&D) activities to introduce innovative therapeutics and the improving healthcare infrastructure across the globe, especially in developing economies.
Looking forward, IMARC Group expects the market is expected to grow at a CAGR of 6.52% during 2022-2027. View Report TOC, Figures and Tables: https://www.imarcgroup.com/glaucoma-therapeutics-market
Key Market Segmentation
The research report includes the following segments:
Breakup by Drug Class:
• Prostaglandin Analogs
• Beta Blockers
• Alpha Adrenergic Agonists
• Carbonic Anhydrase Inhibitors
• Combination Drugs
• Others
Breakup by Indication:
• Open Angle Glaucoma
• Angle Closure Glaucoma
• Others
Breakup by End User:
• Hospitals
• Ophthalmic Clinics
• Ambulatory Surgery Centers
• Others
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Competitive Landscape with Key Players:
• Aerie Pharmaceuticals Inc
• Allergan Plc
• Bausch & Lomb Incorporated (Bausch Health Companies Inc.)
• Inotek Pharmaceuticals Corp
• Merck & Co. Inc
• Novartis AG
• Pfizer Inc
• Santen Pharmaceutical Co. Ltd
• SIFI S.p.A
• Teva Pharmaceutical Industries Ltd
1. How has the global glaucoma therapeutics market performed so far and how will it perform in the coming years?
2. What has been the impact of COVID-19 on the global glaucoma therapeutics market?
3. What are the key regional markets?
4. What is the breakup of the market based on the drug class?
5. What is the breakup of the market based on the indication?
6. What is the breakup of the market based on the end user?
7. What are the various stages in the value chain of the industry?
8. What are the key driving factors and challenges in the industry?
9. What is the structure of the global glaucoma therapeutics market and who are the key players?
10. What is the degree of competition in the industry?
Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/glaucoma-therapeutics-market/toc
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