Optic nerve disorders are often caused by infections, immune-related illnesses, trauma, or toxins, they are very treatable. The most common treatment for this condition is surgical removal of affected nerves. In some cases, the disorder can lead to permanent vision loss.
The most common type of optic nerve disorder is demyelinating optic neuropathy. It is often associated with basal encephalocele and morning glory syndrome. Although it is rare, it does increase the risk of multiple sclerosis and has a high mortality rate. In some cases, a patient may be diagnosed with both types of optic neuropathy. Nevertheless, the symptoms of either type are similar.
Global Optic Nerve Disorders Treatment Market Drivers
Growing number of drug approvals by the U.S. Food & Drug Administration (FDA) for treatment of optic nerve disorders are projected to drive growth of the optic nerve disorders treatment market. For example, in 2019, Eculizumab, which is a first monoclonal antibody drug that target C5 node of the nerve was approved by the U.S. FDA. In addition, Eculizumab is used for the treatment of Neuromyelitis Optica Spectrum Disorder (NMOSD).
Moreover, Bausch & Lomb, a global eye health company) and Nicox S.A. received the U.S. FDA approval for VYZULTA, in 2017. VYZULTA is a first prostaglandin analog with one of its metabolites being nitric oxide (NO) and is used for the reduction of intraocular pressure (IOP) in patients with open-angle glaucoma.
𝐓𝐨 𝐆𝐞𝐭 𝐒𝐚𝐦𝐩𝐥𝐞 𝐑𝐞𝐩𝐨𝐫𝐭 𝐰𝐢𝐭𝐡 𝐋𝐚𝐭𝐞𝐬𝐭 𝐂𝐨𝐯𝐢𝐝𝟏𝟗 𝐈𝐦𝐩𝐚𝐜𝐭 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 @ https://www.coherentmarketinsights.com/insight/request-sample/3573
Furthermore, in 2017, Aerie Pharmaceuticals received the U.S. FDA approval of Rhopressa. In addition, Rhopressa also used in lowering of elevated intraocular pressure in patients with open-angle glaucoma or ocular hypertension. Thus, approval of Eculizumab, VYZULTA, and Rhopressa drug are expected to drive growth of the optic nerve disorders treatment market.
In 2019, Santhera Pharmaceuticals announced about successful completion of its clinical trial (Phase IV) of Raxone drug, used for the treatment of hereditary optic neuropathies. It is projected to be marketed by 2021. Growing prevalence of vision impairment or blindness among people is expected to boost growth of the global optic nerve disorders treatment market. For instance, according to WHO, in 2019, over one billion people suffered from vision impairment globally. In addition, changing lifestyle of the people and limited access to eye care especially in the emerging countries are driving factors for rising numbers of people with vision impairment.
Global Optic Nerve Disorders Treatment Market Restraints
However, side effects of using drug such as glaucoma and optic neuritis are expected to hamper growth of the global optic nerve disorders treatment market. For instance, potential side effects of the prostaglandin analogs drug (Xalatan) that are used for the treatment of glaucoma are eye color change, darkening of eyelid skin, eyelash growth, droopy eyelids, sunken eyes, stinging, eye redness, and itching.
𝐓𝐨 𝐆𝐞𝐭 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞 𝐇𝐞𝐫𝐞 @ https://www.coherentmarketinsights.com/insight/request-pdf/3573
Global Optic Nerve Disorders Treatment Market Regional Analysis
North America is projected to account for highest market share in global optic nerve disorder treatment market owing to growing number of approval of drug by U.S FDA. In 2019, Alexion Pharmaceutical, Inc. received approval of the SOLIRIS drug by U.S. Food and Drug Administration (FDA), for the treatment of neuromyelitis optica spectrum disorder (NMOSD) in adult patients, who are anti-aquaporin-4 (AQP4) antibody positive. In addition, about 73% of patient suffering from the Neuromyelitis Optica Spectrum Disorder (NMOSD) has responded positively for anti-AQP4 auto-antibodies. Moreover, Neuromyelitis optica spectrum disorder is mostly found in young women. In the U.S., most of the patient are recorded to be diagnosed with NMOSD. Furthermore, European Medicines Agency and Japanese Ministry of Health, Labor, and Welfare are trying to assess applications of SOLIRIS for the treatment of NMOSD. These factors are projected to propel growth of the global optic nerve disorder treatment market.
Moreover, growing prevalence of eye disorders in the region is another major factor that is expected to drive growth of the optic nerve disorders treatment market. For instance, according to the American Academy of Ophthalmology, in 2019, around 7.32 million people is projected to suffer from the primary open-angle glaucoma (POAG), with the highest number among populations aged 70 to 79 years (32%), women (50%), and Hispanics (50%).
Global Optic Nerve Disorders Treatment Market Competitive Analysis –
Key players operating in the global optic nerve disorder treatment market include Santen Pharmaceutical Co., Ltd., Allergan plc, Novartis International AG, Pfizer, Inc., Bausch Health Companies, Inc., Aerie Pharmaceuticals, Inc., Teva Pharmaceutical Industries Ltd., Bionure Farma, S.L., and Mallinckrodt Pharmaceuticals.
Market Taxonomy:
On the basis of drug class, the global optic nerve disorders treatment market is segmented into:
- Steroids
- Analgesics
- Parasympathomimetics
- Beta-blockers & Alpha-adrenergic Agonists
- Carbonic Anhydrase Inhibitors
- Others
On the basis of distribution channel, the global optic nerve disorders treatment market is segmented into:
- Hospital Pharmacies
- Clinics
- Retail Pharmacies
- Online Pharmacies
On the basis of region, the global optic nerve disorders treatment market is segmented into:
- North America
- Latin America
- Europe
- Middle East
- Asia Pacific
- Africa
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