The global demand for corneal ulcer treatment market is expected to experience a significant growth of 5.7% CAGR from 2022 to 2029, with an estimated market value of around US$ 867.3 Mn as of 2022. As per Future Market Insights’ projections, Antibiotics hold a substantial share of around 76.4% in 2021 within the global market.
Increasing contact lens usage, emerging new treatment options such as anti-amoebic drugs, and well-established supply chain operations are expected to fuel the growth of the corneal ulcer treatment market. Various initiatives by global as well as regional organizations, governments, etc., to eliminate avoidable blindness caused due to contact lens use, are helping to increase awareness about corneal ulcer among the general public as well as ophthalmologists. Further, universities and non-profit organizations arranging eye check-up camps further aids in enhancing awareness about corneal ulcers.
Request a report sample to gain comprehensive insights at https://www.futuremarketinsights.com/reports/sample/REP-GB-6953
Key Takeaways of Corneal Ulcer Treatment Market Study
- Treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of revenue share during the forecast period.
- Growing bacterial keratitis requiring antibiotics for treatment will contribute significantly to the revenue share of the segment.
- Eye drops or eye ointments dominate the market by form type, as these are relatively cheaper and do not require other interventional and oral route for drug delivery.
- By distribution channel, retail pharmacies are expected to gain more than 50% of market share during the forecast period.
- North America is dominating the global corneal ulcer treatment market, while East Asia is expected to offer lucrative growth opportunities, owing to rising healthcare infrastructure and industrialization.
What Are The Key Opportunities For Corneal Ulcer Treatment Manufacturers?
Manufacturers in the global corneal ulcer treatment are primarily focussing on enhancing their regional product offering because they want to cater a larger patient audience. Medical researchers are constantly developing new and innovative strategies to tune treatments for corneal ulcer treatment.
Various novel treatment options are for bacterial keratitis, fungal keratitis is undergoing clinical trials. Increasing the number of R&D activities for developing new drugs for treatment is one of the important factors which is expected to grow in market in the forecasted years.
For any Queries Related with the Report, Ask an Analyst@ https://www.futuremarketinsights.com/ask-question/rep-gb-6953
Awareness of proper usage of contact lenses is also an important factor because it is closely linked to corneal ulcer. Especially in countries like India, where majority of our population is into agricultural activities are likely to be prone to corneal ulcers. These following opportunities could fuel the demand for manufacturers to expand their units and increase the production of the treatment options in order to serve the growing patient audience.
Acquisition – Key Strategy Followed by Leading Manufacturers
Leading manufacturers in the corneal ulcer treatment market are focusing on geographical expansion as well as increased product offerings through partnerships and acquisitions. In order to evaluate cost effective therapy for corneal ulcer treatment, manufacturers are evaluating new drugs via clinical trials For example, in Dec. 2019, Mallinckrodt plc enrolled the first patient in the company’s Phase 4, multi-center, multiple-dose, open-label study to assess the effects of Acthar Gel as a therapy option in patients with severe keratitis.
We Offer tailor-made Solutions to fit Your Requirements, Request Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-6953
Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
Decubitus Ulcer Treatment Products Market – Decubitus ulcers are also known as bed sores or pressure sores. Decubitus ulcers are open wounds on skin covering bony area of the body and are caused due to constant and unrelieved pressure due to lack of mobility and blood circulation.
Vascular Ulcer Treatment Market – Ulcers are commonly diagnosed in people with age more than 65 years. The ulcers of lower extremities are a typical reason for visits to the primary care doctor, wound care expert, vascular specialist, or dermatologist.
Ulcerative Colitis Treatment Market – Ulcerative colitis is a chronic inflammatory disease that causes sores and inflammation in the innermost lining of large intestine and rectum. Ulcerative colitis causes ulcers, bleeding, mucus and pus.
Pressure Ulcer Detection Devices Market – The global pressure ulcer detection devices market is expected to exhibit growth at a CAGR of 7.6% in the forecast period from 2022 to 2032 and reach US$ 11.2 Billion in 2032. It is likely to be valued at US$ 8.5 Billion in 2022.
About Future Market Insights (FMI)
Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, and has delivery centers in the UK, U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.
Contact Us:
Future Market Insights,
1602-6 Jumeirah Bay X2 Tower,
Plot No: JLT-PH2-X2A,
Jumeirah Lakes Towers, Dubai,
United Arab Emirates
For Sales Enquiries: sales@futuremarketinsights.com
For Media Enquiries: press@futuremarketinsights.com
Website: https://www.futuremarketinsights.com/