What is Neurotrophic Keratitis Treatment Market Scope?
Neurotrophic Keratitis is a neurodegenerative disorder that affects the cornea of an eye. Due to the effect on the cornea, the patient loses their corneal sensitivity, as a result, the cornea is exposed to eye injuries without curing. Injury to the trigeminal nerve can cause Neurotrophic Keratitis which leads to permanent vision loss if not diagnosed and treated properly. Diagnosis of the following condition and the treatment is done by a team comprising of ophthalmologists, neurologists, and corneal specialists. Various treatments are available in the neurotrophic keratitis market such as topical antibiotics, keratoplasty, bandage contact lenses, preservative artificial tears, amniotic membrane transplantation, Recombinant human nerve growth factor (rhNGF), treatments are available depending on the severity of the disease. The major parameters that are used to measure the efficacy of treatment such as corneal healing, corneal sensitivity, and duration of corneal healing, among others. The incidence of neurotrophic keratitis is low due to which, there were no approved drugs in the market to treat the rare eye disease. Researcher increasing their investments in the development and discovery of drugs that could potentially treat rare eye diseases. Progress in biotechnology has enabled the development of new biological treatments for neurotrophic keratitis. In 2018, the U.S. Food and Drug Administration has approved Oxervate, a drug developed by “Dompé”. “Oxervate”, was the first-ever drug to receive approval from the FDA for the treatment of neurotrophic keratitis.
The Neurotrophic Keratitis Treatment market study is being classified by Type (Drugs, Devices and Surgery), by Application (Hospitals, Ambulatory Surgical Centers and Others) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analysts at AMA predicts that Players from Asian will contribute to the maximum growth of Global Neurotrophic Keratitis Treatment market throughout the predicted period.
Dompe farmaceutici S.p.A. (Italy), Allergan (Ireland), ReGenTree, LLC (United States), Alcon (Switzerland), Bausch & Lomb Incorporated (United States), CONTACARE (India), ROHTO Pharmaceutical Co., Ltd. (Japan), Pfizer, Inc. (United States), Neuroptika (United States), Santen Pharmaceutical Co., Ltd. (Japan) and Johnson & Johnson (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Grand Pharma, Co., Ltd. (China) and Zhejiang CONBA Pharmaceutical Co., Ltd. (China).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Neurotrophic Keratitis Treatment market by Type, Application and Region.
On the basis of geography, the market of Neurotrophic Keratitis Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
In March 2019, ReGenTree, LLC had thereby initiated recruitment for the Phase III study (SEER-1) so as to determine the safety and effectiveness of RGN-259, a thymosin beta 4 preservative-free eye drop for the treatment of dry eye and neurotrophic syndrome Keratopathy, to evaluate. If successful, the study will transform the treatment landscape for patients with neurotrophic keratitis around the world.
Influencing Market Trend
- The Growing Necessity of Cure for Neurotrophic Keratitis
Market Drivers
- Rising Prevalence of Neurotrophic Keratitis Worldwide
- Advances in Biotechnology and Laser and Robotic Treatment Also Aid in The Treatment of Neurotrophic Keratitis
- Growing Geriatric Population
Opportunities
- Supportive Regulatory Scenario Provided for The Growth of Neurotrophic Keratitis Market by The Healthcare Agencies Worldwide
Restraints
- Stringent Rules and Regulations for the Drugs Used in Treatment
Challenges
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Providers of Neurotrophic Keratitis Treatment, Venture Capitalists and Private Equity Firms and End-Use Industry
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