Overview and Scope
Antiglaucoma drug refers to a medication used to treat or prevent glaucoma, a condition in which damage to the optic nerve causes a progressive, irreversible loss of vision. Antiglaucoma drugs are used to treat or prevent glaucoma, a condition in which damage to the optic nerve causes a progressive loss of vision that cannot be reversed.
Sizing and Forecast
The antiglaucoma drugs market size has grown strongly in recent years. It will grow from <b>$15.07 billion in 2023 to $16.27 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. </b> The growth in the historic period can be attributed to aging population, increasing awareness, growing healthcare expenditure, regulatory approvals.
The antiglaucoma drugs market size is expected to see strong growth in the next few years. It will grow to <b>$21.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. </b> The growth in the forecast period can be attributed to emerging markets, reimbursement policies, disease awareness campaigns. Major trends in the forecast period include technological advancements, innovation, telemedicine, biologics and novel therapies, sustained-release formulations, sustainability and eco-friendly packaging.
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Segmentation & Regional Insights
The antiglaucoma drugs market covered in this report is segmented –
1) By Type: Hospital Prescription drugs, Over-the counter drugs
2) By Product Type: Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, Other Types
3) By Disease Condition Type: Open-Angle Glaucoma, Angle-Closure Glaucoma, Normal-Tension Glaucoma, Congenital Glaucoma, Other Types Of Glaucoma
<b>North America</b> was the largest region in the antiglaucoma drugs market in 2023. <b>Middle East</b> is expected to be the fastest-growing region in the antiglaucoma drugs market during the forecast period. The regions covered in the antiglaucoma drugs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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Major Driver Impacting Market Growth
The incidence of glaucoma increases with age and due to the increase in the geriatric population worldwide, governments are launching initiatives to promote awareness of glaucoma and other eye disorders. For instance, the Vision Health initiative by the Centers for Disease Control and Prevention (CDC) in the USA aimed to prevent eye disorders including glaucoma, and improve overall eye health. For instance, in July 2021, the General Assembly of the United Nations passed a new resolution declaring increased efforts to include eye care services in universal health coverage and address the growing negative effects of vision loss on sustainable development caused by short and farsightedness, glaucoma, and cataracts. These government initiatives will stimulate awareness among the people about glaucoma driving the market for anti-glaucoma drugs.
Key Industry Players
Major companies operating in the antiglaucoma drugs market include <b>Aerie Pharmaceuticals Inc., Allergan Inc., Novartis AG, Abbott Healthcare Pvt. Ltd., Johnson & Johnson, Merck & Co., Genentech Inc., Pfizer Inc., Bayer AG, Santen Pharmaceuticals Company Ltd., Regeneron Pharmaceuticals Inc., Valeant Pharmaceuticals International Inc., F. Hoffmann-La Roche Ltd., Hoya Corporation, Bausch + Lomb Inc., Fera Pharmaceuticals LLC, Thea Pharma Inc., Alcon AG, Teva Pharmaceutical Industries Ltd., Sun Pharmaceutical Industries Ltd., Akorn Inc., Mylan Pharmaceuticals Pvt. Ltd., Apotex Inc., Lupin Pharmaceuticals Inc., Wockhardt Ltd., Zydus Pharmaceuticals Inc., Cooper Laboratories Inc., Cooper Pharma Ltd., Rafarm SA, Altaire Pharmaceuticals Inc.</b>
The antiglaucoma drugs market report table of contents includes:
1. Executive Summary
2.Antiglaucoma Drugs Market Characteristics
3.Antiglaucoma Drugs Market Trends And Strategies
4. Antiglaucoma Drugs Market analysis
5.Antiglaucoma Drugs Market Size And Growth
6. Antiglaucoma Drugs Segmentation
7. Antiglaucoma Drugs Regional And Country Analysis
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27. Antiglaucoma Drugs Competitive Landscape And Company Profiles
28.Antiglaucoma Drugs Key Mergers And Acquisitions
29.Antiglaucoma Drugs Future Outlook and Potential Analysis
TOP MAJOR PLAYERS:
- Aerie Pharmaceuticals Inc.
- Allergan Inc.
- Novartis AG
- Abbott Healthcare Pvt. Ltd.
- Johnson & Johnson
- Merck & Co.
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