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Glaucoma Treatment Market Analysis by Advanced Technologies and Rising Demand Led by customers
Glaucoma Treatment Market
Globally, rising geriatric population, growing cases of diabetes, and increase in number of people with a genetic history of glaucoma have surged the incidence of glaucoma. As a result, several governments and healthcare institutions are making efforts to create awareness about glaucoma and the advanced treatment options available to cure this disease. By the end of the forecast period, the cumulative force of these trends is poised to generate fresh business opportunities in the glaucoma treatment market.
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Prostaglandin Analogs Drug Class Segment to Register Momentous Growth
Based on drug class, the market is segmented into prostaglandin analogs, beta-blockers, alpha agonists, carbonic anhydrase inhibitors, and others. Amongst these, prostaglandin analogs are anticipated to witness robust growth over the forecast period. Prostaglandin analogs increases the outflow of intraocular fluid from the eye. Treatment of open-angle glaucoma via prostaglandin analogs includes eye drops that efficiently reduce intraocular pressure. This treatment method is projected to significantly increase the demand for prostaglandin analogs. Over the long term, growth in the world's elderly population is anticipated to increase the incidence of glaucoma, and subsequently, the demand for prostaglandin analogs.
Glaucoma Treatment Market is Segmented as Below:
By Indication
• Open Angle Glaucoma
• Closed Angle Glaucoma
• Secondary Glaucoma
• Congenital Glaucoma
• Others
By Drug Class
• Prostaglandin Analogs
• Beta Blockers
• Alpha Agonist
• Carbonic Anhydrase Inhibitors
• Others
By Surgery Type
• Glaucoma in Conjunction with Cataract
• Stand Alone Glaucoma
By Surgery Product Type
• MIGS Stents
• MIGS Shunts
• Others ( Micro -implants/ Micro catheters)
By Geography
• North America
• Europe
• Asia Pacific
• Middle East and Africa
• South America
Innovation in Drug Discovery to Create Novel Business Outcomes
Key market players are expected to engage in strategic business ventures considering the fruitful business opportunities in the global glaucoma treatment market. This is predicted to trigger aggressive M&A activity, open innovation, and intense R&D initiatives. Moreover, the demand for more convenient, effective, and cost-efficient treatments is also on the rise. As a result, healthcare personnel (HCPs) are expected to engage in robust drug discovery endeavors and experiments, broadening the scope of collaboration in the glaucoma treatment market. Further, innovations in the field of diagnostics such as the implementation of AI for timely diagnosis of glaucoma have opened new avenues of growth for the key manufacturers in the global glaucoma treatment market.
North America Rises as Leading Regional Player
Globally, North America shows greater grit in the glaucoma treatment market with an effective treatment framework along with a fully-equipped hospital infrastructure to diagnose and efficiently treat glaucoma. This region has major growth divers in this region with a substantial rise in glaucoma patients, reimbursement policies, and strong government support. A robust inflow of capital, coupled with strong R&D, is predicted secure a lion's share for North America in the global glaucoma treatment market. On the other hand, Asia Pacific is likely to emerge as a promising region, exhibiting high growth potential. Underpinning this growth is the loss of patent exclusivity, the growing geriatric population, and innovation in generic and biosimilar drugs.
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Prominent Market Players
Pfizer, AbbVie Inc., Aerie Pharmaceutical, Bausch Health Companies Inc., and Novartis are some of the leading players operating in the glaucoma treatment market. Players are set to enhance healthy market competition with the development of newer products, pipeline drugs, and strategic partnerships.
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