Industry Background:
Amblyopia is majorly affected in early childhood. Its symptoms include a wandering eye, eyes that may not appear to work together, or poor depth perception. Today it is affecting up to 3.7% of the global population. Amblyopia is also known as the lazy eye. With the increase in investment in research and development clinicians are interested in new binocular treatments because of the rapid development in new technologies. There are various therapies are emerging in this amblyopia treatment industry. According to the industry experts, the North American region is expected to capture a major market share because of the increase in the number of cases and rising awareness towards treatment areas.This growth is primarily driven by Nearly 3% of Amblyopia Treatment Remain Untreated
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Attributes | Details |
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Study Period | 2018-202 |
Base Year | 2022 |
Forecast Period | 2023-202 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Diseases & Therapeutic Areas sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 3M (United States), Vivid Vision, Inc. (United States), NovaSight (Israel), RevitalVision (Israel), Hilco Vision (United States), Krafty Eye Patches (United States), Fresnel Prism and Lens Co. (United States), OpthoPatch (United States), Lancastle International Ltd. (United Kingdom) and HOYA Vision Care Company (Thailand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
In Apr 2020, Novartis acquired Amblyotech, specialized in treatment and diagnosis of Amblyopia. After acquisition Novartis build novel technology for treatment of amblyopia. This acquisition helped company to expand its presence in amblyopia treatment market
In Mar 2021, The Israeli start-up specializing in ground-breaking vision care solutions based on AI and eye-tracking technology revealed that they got approval for its CureSight™ lazy eye digital treatment device.The providers are operating in this market are exploring their reach across various geographical regions by accepting mergers & acquisitions, expansions, investments, new product launches, and others. The market players are rapidly exploring new areas of expansion and growth across the globe to avail a competitive advantage through combined synergies.
Influencing Trend:
Atropine Sulfate Eye Drops are Widely Used for the Treatment of Amblyopia
Market Growth Drivers:
Nearly 3% of Amblyopia Treatment Remain Untreated and Growing Demand in the Asia Pacific Regions Because of Increase in Population
Challenges:
The Rise in Concern towards Amblyopia Treatment
Restraints:
Lack of Awareness
Opportunities:
Emerging Therapies for Amblyopia and Perceptual Learning Represent an Opportunity to Treat Adults with Amblyopia
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Amblyopia Treatment Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Amblyopia Treatment Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Amblyopia Treatment players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Amblyopia Treatment Study Sheds Light on
The Amblyopia Treatment Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Amblyopia Treatment industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Amblyopia Treatment industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.