Glaucoma can be classed as a chronic, degenerative disorder that has the potential to damage the optic nerve, which can consequently trigger vision loss and blindness. There are several factors that are amply backing the glaucoma therapeutics market. These are high prevalence of glaucoma, better technological assistance while diagnosis, and a surge in the awareness related to glaucoma treatment. These factors can comprehensively take the global glaucoma therapeutics market ahead.
One of the major factors, other than the previously mentioned ones, is the transforming lifestyle where a lot of time people are spending in front of a smart gadget that emits blue ray. This exposure now starts from a very early age. It is also prevalent in the older generation who are more prone to such diseases than people of a younger age. The rise in geriatric population can be considered as well to determine the future course for glaucoma therapeutics market. There are various treatments available as well to counter the issue. One such is laser treatment that is relatively inexpensive and precise.
The global glaucoma therapeutics market is witnessing a surge in the investment related to the disease. In the US, a significant surge in people taking medicines for such diseases can be noticed. At the same time, various pharmaceutical companies have started launching their own innovative measures to gauge the future path. The hike in investment for research and development can trigger better market understanding. However, the challenge is the lack of awareness in various underdeveloped countries regarding glaucoma therapeutics.
The key players covered in this study
The global market study for the glaucoma therapeutics can be assessed on the basis of an adept segmentation. This segmentation has type and application, and are loaded with ample information regarding the moves of factors who can transform the global market.
By type, the market report for glaucoma therapeutics can be segmented into prostaglandin analogs, beta blockers, alpha agonists, and carbonic anhydrase inhibitors.
By application, the market study of glaucoma therapeutics can be segmented into the ophthalmic clinic, hospitals, and ambulatory surgical centers. All these segments are garnering substantial revenue for the global glaucoma therapeutics market.
The global glaucoma therapeutics market is finding robust traction from North America where the growth is expected to be much easier owing to suitable infrastructure and better understanding of the market. The regional expenditure in the healthcare sector is significantly high and can open up spaces for innovation and adept handling of the market. Europe has the potential to follow similar lines of growth using which the regional market can expand notably. The Asia Pacific market has immense promise as the regional patient pool is quite high, which can assist in generating better revenue.
In October 2019, researchers from Emerald Bioscience, Inc. came up with a new drug NB1111 that can be used to treat glaucoma. This new drug, with a base in tetrahydrocannabinol (THC-valine-hemisuccinate; THCVHS), has shown significant success in lowering intraocular pressure (IOP) in validated animals.
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