What is Latanoprost Market Scope?
The latanoprost eye drop is used to treat certain kinds of glaucoma. It is also used to treat a condition called hypertension of the eye alone or together with other medicines to lower pressure inside the eye that is caused by open-angle glaucoma or ocular (eye) hypertension. Latanoprost appears to work by increasing the outflow of fluid from the eye. This lowers the pressure in the eye. It belongs to a group of medicines called prostaglandins. The rising prevalence of glaucoma diseases is one of the major factors driving the growth of the market.
Influencing Trend:
Technological Improvement
Market Growth Drivers:
The Rising Prevalence of Glaucoma Diseases, Increasing Geriatric Population Worldwide and Growing Hypertension Prevalence among the People
Challenges:
The pricing and reimbursement negotiations can vary widely, impacting the affordability and accessibility of Latanoprost for patients in different countries
Restraints:
Several Adverse Effects Such As Darkening Of the Periocular Skin by the Use of Latanoprost and Latanoprost Tends To Be Less Effective In Lowering IOP in Children than In Adults
Opportunities:
Research and Developments Activities Coupled with Drug Pipeline and Emerging Demand from Developing Regions
The Latanoprost market study is being classified by Type (Brand Drug and Generic Drug), by Application and major geographies with country level break-up.
According to AMA, the Global Latanoprost market is expected to see growth rate of 2.4% and may see market size of USD1.42 Billion by 2030. Analysts at AMA predicts that Players from United States will contribute to the maximum growth of Global Latanoprost market throughout the predicted period.
Pfizer (United States), Aerie Pharmaceuticals (United States), Mylan (United States), Novartis International AG (Switzerland), Teva Pharmaceutical Industries (Israel), S.C. ROMPHARM COMPANY S.R.L (Romania), Apotex (Canada), Sun Pharma (India) and CR Zizhu (China) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Laboratoire Riva (Canada), Taj Pharma (India), Sandoz (Germany) and Laboratoires Thea (France).
Segmentation Analysis
Analyst at AMA have segmented the market study of Global Latanoprost market by Type, Application and Region.
On the basis of geography, the market of Latanoprost 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).
Market Influencers and their Development Strategies
In March 2019, Aerie Pharmaceuticals Announced U.S. FDA Approval of Rocklatan (netarsudil and latanoprost ophthalmic solution) 0.02%/0.005% for the Reduction of Intraocular Pressure in Patients with Open-Angle Glaucoma or Ocular Hypertension.
In September 2018, Sun Pharma and SPARC Announce US FDA Approval of XELPROS to Treat Open-angle Glaucoma or Ocular Hypertension. XELPROS (latanoprost ophthalmic emulsion) 0.005% for topical ophthalmic use is the first and only benzalkonium chloride-free (BAK-free) form of latanoprost.
The March 2011, approval of generic latanoprost by the U.S. Food and Drug Administration and the consequent availability over generic latanoprost in other countries has significantly reduced the cost associated with the use of this drug and has made it a very practical option for reducing intraocular pressure in glaucoma and ocular hypertension patients in developing countries.
Key Target Audience
Latonoprost Manufacturers, Latonoprost Traders/Distributors, Latonoprost Importer/Exporter, Regulatory & Government Bodies, Research Institutes, Downstream Vendors, End Users and Others
Latanoprost Market Study: Important Years
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Forecast Period | 2024-2030 |
Historical Period | 2018-2023 |
Unit | Value (USD Billion) |
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 |
Major Highlights of Market Study
Demand Determinants: Identifying top-notch application and business segments that seek high growth potentials in Latanoprost Market.
Key Strategic Developments: To target untapped regions more aggressively by focusing on product/service developments, innovation and R & D, new launches, Merger & acquisitions, JVs & partnerships.
Forces & Market Dynamics: Growth drivers, restraints & opportunities available in Latanoprost industry is examined with reference relevant market sectors and sub-sectors.
Customization available in this Study:
The Study can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
To compete effectively, companies also require quantitative estimates of the future growth and qualitative nature of the market. AMA Research features not just specific market sizing estimates, but also includes significant value-added commentary on Technological Trends and Innovations, Regulatory Policies, Market Maturity Indicators, Market Share Movements, New Entrants into the Market & Entry/Exit Barriers, Consumer Demographics, Supporting Company Financial and Cash Flow Planning, Open Up New Markets, To Seize Powerful Market Opportunities, Key Decision in Planning and to Further Expand Market Share, Identify Key Business Segments, Market Proposition & Gap Analysis.