Glaucoma mentions to the set of circumstances distinguished by optic nerve destruction, visual field loss, and secondary to retinal swelling cell destruction, which may lead to mortality. On report of the International Agency for the Prevention of Blindness: 2017, glaucoma is second leading cause of blindness and leading cause of unrepairable blindness globally. The most usual types of glaucoma are Primary Open Angle Glaucoma (POAG) and Primary Angle Closure Glaucoma (PACG). Furthermore, PACG is most frequent in South-East Asian population while POAG is most familiar in white Caucasoid and people of African origin. PACG is linked with a high likeliness of blindness as opposed to POAG.
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Glaucoma Therapeutics Market Drivers
Elevating rise in patients with glaucoma and expanding occurrence of blindness are anticipated to be the major driving reason for development of the global glaucoma therapeutics market. Additionally, the International Agency for the elimination of sightlessness, 2010 data findings, it is evaluated that by 2020, around 80 million people will endure from glaucoma, with an expansion of about 20 million form 2010. Moreover, in 2010, over 8 million individuals were reciprocally sightless due to glaucoma, which is contemplated to expand over 11 million by 2020. The notable threat of evolving glaucoma elevated with geriatric population, rise in intraocular pressure, optimistic family history for glaucoma, and nationality. In addition to the American Academy of Ophthalmology (AAO), 2016: the world wide acceptance of glaucoma is anticipated to rise to 76 million in 2020 and 111.8 million in 2040.
Glaucoma might take place amidst the people with or without mellitus. Furthermore, people with mellitus retinopathy have an elevated likelihood of glaucoma. The situation is linked with unusual blood vessel development, which can out-turn in retinopathy and open on to the obstruction of inherent drainage of the eye. Quick elevation in elderly population is one of the essential factors for elevating frequency of glaucoma, which in succession is predicted to stop the growth of the glaucoma therapeutics market in near future. For instance, in proportion to the International Diabetes Foundation (IDF) 2017 statistics, the number of people with mellitus aged between 20 to 79 years are expanding globally. Amidst which, Africa (156%) is considered to register the highest diabetic population, followed by Middle East (110%), South East Asia (84%), Latin and Central America (62%), North America (35%), Europe (16%), and Western Pacific (15%).
Glaucoma Therapeutics Market – Regional Analysis
In accordance with region, glaucoma therapeutics market is divided into North America, Latin America, Europe, Middle East, Asia Pacific, and Africa. North America clutch superior position in glaucoma therapeutics market, followed by Asia Pacific. Expanding prevalence of diabetes, elevating ocular disorders, and increasing number of blind and visually impaired people in turn choosing for glaucoma treatment are contemplated to drive development of the glaucoma therapeutic market in these region. For instance, additional to National Federation of the Blind, 2014, an approximated 10 million people in the U.S. are blind or visually impaired. It is predicted that around 1.3 million people are illicitly blind in the U.S. and the number is projected to rise to 75,000 people per annum in the U.S.
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• Current and future of global Glaucoma Therapeutics Market outlook in the developed and emerging markets
• The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period.
• Regions/countries that are expected to witness the fastest growth rates during the forecast period
• The latest developments, market shares, and strategies that are employed by the major market players
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Asia Pacific is assumed to gain a significant traction over the estimated period, owing to the government start-up and awareness programs to eradicate the blindness, which in turn is propelling ultimatum for glaucoma therapies in this area. For instance, in 2014, Help Age India—a nonprofit organization—begin special campaign to address the issue of blindness for deprived elderly populations of India.
Anyhow, strict regulations bothering marketing and approvals and the side effects of glaucoma medications are anticipated to hamper growth of the glaucoma therapeutic market in near future. In addition, with the Glaucoma Research Foundation, 2017 data findings, in the U.S. use of substitute medicines for the treatment of glaucoma has increased 10% to 15% in the past decade. Moreover, according to the same source, 50% of the glaucoma patients in the U.S. use some form of different therapy in 2017.
Glaucoma Therapeutics Market Competitive Landscape
Some of the key players intervened in the glaucoma therapeutics market involve Valeant Pharmaceuticals International, Inc., Allergan Inc., Merck KGaA, Fera Pharmaceuticals, LLC, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Aristo Pharmaceuticals Pvt. Ltd., Santen Pharmaceutical Co., Ltd., Aerie Pharmaceuticals, and Novartis AG. Key players in the market are aiming on organic development tricks in order to obtain highest market share and retain top position in the market. For instance, in December 2017, Aerie Pharmaceuticals, Inc. received the U.S. Food and Drug Administration (FDA) approval for Rhopressa (netarsudil ophthalmic solution) 0.02%, indicated for reducing increase of intraocular pressure (IOP) in patients with open-angle glaucoma or ocular hypertension.
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Table of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Market Analysis by Regions
1.5 Glaucoma Therapeutics Market Size Analysis from 2021 to 2028
11.6 COVID-19 Outbreak: Glaucoma Therapeutics Industry Impact
Chapter 2 Global Glaucoma Therapeutics Competition by Types, Applications, and Top Regions and Countries
2.1 Global Glaucoma Therapeutics (Volume and Value) by Type
2.3 Global Glaucoma Therapeutics (Volume and Value) by Regions
Chapter 3 Production Market Analysis
3.1 Global Production Market Analysis
3.2 Regional Production Market Analysis
Chapter 4 Global Glaucoma Therapeutics Sales, Consumption, Export, Import by Regions (2016-2021)
Chapter 5 North America Glaucoma Therapeutics Market Analysis
Chapter 6 East Asia Glaucoma Therapeutics Market Analysis
Chapter 7 Europe Glaucoma Therapeutics Market Analysis
Chapter 8 South Asia Glaucoma Therapeutics Market Analysis
Chapter 9 Southeast Asia Glaucoma Therapeutics Market Analysis
Chapter 10 Middle East Glaucoma Therapeutics Market Analysis
Chapter 11 Africa Glaucoma Therapeutics Market Analysis
Chapter 12 Oceania Glaucoma Therapeutics Market Analysis
Chapter 13 South America Glaucoma Therapeutics Market Analysis
Chapter 14 Company Profiles and Key Figures in Glaucoma Therapeutics Business
Chapter 15 Global Glaucoma Therapeutics Market Forecast (2021-2027)
Chapter 16 Conclusions
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