About Glaucoma Treatment Drugs
According to WHO, Glaucoma is considered to be the second most cause for blindness across the globe. This leading reason for preventable blindness is associated with chronic progressive optic neuropathy, which leads to irreversible vision loss via damage to optic nerve. No treatments currently exist for directly preventing glaucoma, however several commercially available therapies concentrate on curtailing elevated intraocular pressure, which is a known risk factor responsible for the development and progression of glaucoma.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Billion) |
CAGR | 3.6% |
The glaucoma treatment drugs market is highly crowded with branded drugs which is coupled with surging number of generics. This turn is creating significant competition in the very market. Also, the major players set limits to introduction of novel drugs, along with several therapies and products being due to lose exclusivity. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Glaucoma Treatment Drugs market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Aerie Pharmaceuticals (United States), Akorn Inc. (United States), Novartis (Switzerland), Allergan Plc (Ireland), Bausch & Lomb Incorporated (United States), Inotek Pharmaceuticals (United States), Merck & Co. Inc (United States), Pfizer Inc (United States) and Santen Pharmaceutical Co. Ltd (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Glaucoma Treatment Drugs market by Type (Oral Drug and Injection Drug), Application (Hospital, Clinic and Home Care) and Region.
On the basis of geography, the market of Glaucoma Treatment Drugs 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). If we see Market by Distribution Channel, the sub-segment i.e. Prescription Drugs will boost the Glaucoma Treatment Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Dosage Form Types, the sub-segment i.e. Eye Drops will boost the Glaucoma Treatment Drugs market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Huge Investment in R&D to Develop More Effective Drugs by Key Players
Market Growth Drivers:
Increasing Geriatric Population Worldwide and Surging Prevalence Rates of Eye Diseases
Challenges:
Lack of Awareness in Underdeveloped Economies
Restraints:
Economic Slowdown and Saturation and Drying Pipeline and Major Drugs Going Off-Patent to Affect the Growth
Opportunities:
Economic Vigour and Enormous Investments in Healthcare Sector in Developed Economies and Surging Government and Healthcare Institutions Initiatives About Treatment Options for Patients With Glaucoma
Market Leaders and their expansionary development strategies
In October 2023, Ista Pharmaceuticals launched DURYSTA™ (bimatoprost sustained-release implant), a first-of-its-kind implant delivering bimatoprost medication for 6 months for open-angle glaucoma and ocular hypertension.
Key Target Audience
Glaucoma Treatment Drugs Manufacturers, Distributors/Suppliers, Medical Institutions, Government Bodies, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.