In general, it is anticipated that the global market for glaucoma therapeutics would keep expanding due to reasons like the increased incidence of glaucoma, an aging population, and the growing use of combination medicines for the treatment of glaucoma.
The Glaucoma Therapeutics Market was estimated to be worth USD 6.88 billion in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 5.6% over the course of the forecast period. A class of eye diseases known as glaucoma affect the optic nerve, which is in charge of carrying visual signals from the eye to the brain. If glaucoma is not treated, it may result in blindness or vision loss. The term “glaucoma therapeutics” describes drugs and therapies intended to control or stop the advancement of glaucoma.
Reducing the intraocular pressure (IOP) in the eye is the primary goal of glaucoma treatments, since elevated IOP is a significant risk factor for the condition. Surgery, laser therapy, oral medicine, and eye drops are available for the treatment of glaucoma.
The most popular type of glaucoma treatment is eye drops since they are simple to apply and have a good effect on lowering IOP. Increasing the amount of fluid that drains from the eye or lowering the amount of fluid produced in the eye are the two ways that eye drops function. The most often prescribed eye drops for the treatment of glaucoma include carbonic anhydrase inhibitors, beta blockers, alpha agonists, and prostaglandin analogues.
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The region’s high glaucoma prevalence and access to cutting-edge healthcare facilities are projected to propel North America to the top of the glaucoma therapeutics market share charts. However, because of the growing number of elderly people and rising healthcare costs in developing nations like China and India, the Asia-Pacific area is predicted to increase at the fastest rate.
Market Segmental Analysis
Key Companies
Bausch & Lomb Incorporated, Merck & Co., Inc., AERIE Pharmaceuticals, Inc., Akorn operating company LLC, Cipla Inc., AbbVie, Teva Pharmaceutical Industries Ltd., Inotek Pharmaceuticals, Pfizer Inc., Novartis AG, and Santen Pharmaceutical Co., Ltd.
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux; Nordic Countries; Russia; China; India; Japan; South Korea; Australia; Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South Africa; Nigeria
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