Glaucoma Therapeutics Market Growth Statistics,Size, SWOT Analysis, Forthcoming Developments, Upcoming Investments and Forecast 2018-2026
Glaucoma Therapeutics Market |
Glaucoma therapies refer to a variety of treatment methods for primary open-angle (POA) and primary angle-closure (PAC) glaucoma. The disorder is characterised by structural changes in the optic nerves, which frequently lead to vision loss and blindness. Glaucoma can be treated using topical eye drops that contain beta-blockers, prostaglandin analogues, cholinergic, carbonic anhydrase inhibitors, and alpha-adrenergic agonists. These eye drops lower intraocular pressure by reducing fluid production in the eyes (IOP). Following that, implanted extended-release devices, polymer-based contact lenses, drug-eluting punctal plugs, microneedle-injection devices, and micro-dosing technologies can be used to undertake traditional or laser surgical procedures, or a mix of both.
Glaucoma can affect both diabetics and non-diabetics. Furthermore, those with diabetic retinopathy are more likely to develop glaucoma. The issue is linked to aberrant blood vessel growth, which can lead to retinopathy and blocking of the eye's natural drainage. One of the major factors contributing to the rising prevalence of glaucoma is the rapidly growing geriatric population, which is expected to drive the Glaucoma Therapeutics Market in the near future. According to 2017 statistics from the International Diabetes Foundation (IDF), the number of people with diabetes aged 20 to 79 years is on the rise around the world.
Market Segmentation:
By Disease Type
- Primary Open Angle Glaucoma (POAG)
- Primary Angle Closure Glaucoma (PACG)
By Drug Class:
- Alpha adrenergic Agonist
- Beta Blockers
- Prostaglandin Analogs
- Carbonic Anhydrase Inhibitor
- Cholinergic
- Combined Medication
- Fixed-dose Combinations
By End Users:
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers
- Others
One of the primary factors driving the market's growth is the rising prevalence of glaucoma around the world. Glaucoma is quite common among diabetics and people who have additional visual problems such age-related macular degeneration (AMD), cataracts, and dry eye. In accordance with this, the growing senior population, which is more vulnerable to such disorders, is boosting market growth prospects.
Some of the key players operating in the glaucoma therapeutics market include Valeant Pharmaceuticals International, Inc., Allergan Inc., Merck KGaA, Fera Pharmaceuticals, LLC, Teva Pharmaceutical Industries Ltd., Pfizer Inc., Aristo Pharmaceuticals Pvt. Ltd., Santen Pharmaceutical Co., Ltd., Aerie Pharmaceuticals, and Novartis AG.
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