Market Synopsis
Competitive Market Growth, Size, Share and Forecast to 2028 for Glaucoma Treatment Market 2021 – 2029, By Glaucoma Type (Open-Angle Glaucoma, Angle-Closure Glaucoma, Normal-Tension Glaucoma, And Others); By Medication (Alpha Adrenergic Agonists, Beta Blockers, Carbonic Anhydrase Inhibitors, Miotics, Prostaglandin Analogs, Combination Medication, And Others)
Market Snapshot
The Glaucoma Treatment Market 2021 – 2029 was valued USD 5,876.6 million in 2021 and will grow at a CAGR of 3.20% for the forecast period of 2021-2028, as per the market research report by Absolute Markets Insights titled “ Glaucoma Treatment Market 2021 – 2029
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Market Overview
In the global glaucoma treatment market, the major driver contributing to the market growth is rising initiatives to increase awareness about glaucoma. Glaucoma is a painless disorder of the eye where patient does not notice any kind of symptoms until noticeable vision loss. Moreover, the number of patients suffering from glaucoma is increasing day by day. Growing awareness campaigns about glaucoma are being carried out by government and pharmaceutical companies that are boosting the growth of the global glaucoma treatment market. In March 2021, researchers from City, University London, with support from Allergan Pharmaceuticals and Glaucoma UK, released the latest edition of an app to help people newly diagnosed with glaucoma. Increasing production of alpha-adrenergic agonists, beta-blockers, carbonic anhydrase inhibitors, and prostaglandin analogs is also contributing towards the growth of global glaucoma treatment market. Other factors contributing to the market growth include introduction of more efficient eye drops, increasing investment in glaucoma treatment by pharmaceutical companies as well as biotechnological companies, and increasing production of combination medication drugs. Technological advancement in the field indicate substantial growth prospects for global glaucoma treatment market over the forecast period. In September 2021, the scientists at Nanyang Technological University and clinicians from the Tan Tock Seng Hospital in Singapore joined hands to develop an artificial intelligence (AI)-based method of screening patients for glaucoma. Now scientists are working on bringing algorithms to a mobile phone app that can be used as a screening tool in the field.
Glaucoma Treatment Market 2021 – 2029 determined using a range of factors, such as forward/backward integration, economies of scale, the proportion of various distribution channels, factors influencing consumer behavior, such as brand loyalty, price, and accessibility of the product, capital investments, the regulatory environment, production rights and patents, marketing strategies, and other client preferences. This information will probably be helpful to the industry’s stakeholders and will perhaps inspire them to take action.
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Glaucoma Treatment Market 2021 – 2029 Competitive Landscape:
The prominent companies in the Glaucoma Treatment Market 2021 – 2029 are:
Aerie Pharmaceuticals, Inc.
ALLERGAN
Bausch & Lomb Incorporated
EyeD Pharma s.a.
Merck & Co., Inc.
Pfizer
Santen Pharmaceutical Co. Ltd.
Senju Pharmaceutical Co. Ltd.
Sunways India Pvt Ltd.
amongst other market participants.
Impact of COVID-19:
This article offers observations on COVID-19 customer behavior, demand movements, purchasing trends, supply chain restructuring, market forces dynamics, and major government involvement. The new study provides further data, analysis, projections, and estimations regarding the effect of COVID-19 on the markets.
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In-depth studies of the past and future are part of the research on worldwide Glaucoma Treatment Market 2021 – 2029 trends. The Global Glaucoma Treatment Market 2021 – 2029 Growth Research Report provides in-depth information on the Market Introduction, Market Summary, Global Market Revenue (Revenue USD), Market Drivers, Market Restraints, Market Opportunities, Competitive Analysis, and Regional and National levels. Finding business opportunities is aided by study on worldwide Glaucoma Treatment Market 2021 – 2029 trends. Purchase This Premium Report at @
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North America accounted for a significant share in the glaucoma treatment market in 2020. However, during the forecast period, the Asia Pacific region is expected to witness highest growth rate due to increasing geriatric population in China and Japan. According to the statistics from World Bank, 28% of Japan’s population is over 65 years old. In 2020, Japan had 2,886,961 diagnosed cases for Glaucoma. During this period, around 11.47% of the China population was over 65 years. Governments of many Asian countries such as India, China, Japan, South Korea, and Singapore are increasing focus on enhancing healthcare facilities. Rising awareness among the population of Asian countries is also contributing to the market growth in the Asia Pacific region. According to WHO, around 6.8% of GDP, combining the GDP of all countries of Asia Pacific countries was the healthcare expenditure in this region. Other factors contributing the market growth include increasing technological advancement and increasing development of medical infrastructure in Asian countries such as Japan, Singapore, & South Korea. Governments in Asian countries are also encouraging more research for drugs as well as technology that can ease medical treatments. In October 2020, Santen and Aerie concluded an exclusive license agreement for the production and sales of Rocklatan and Rhopressa in Japan and several other Asian countries. The two partners intend to make further joint contribute to the treatment of glaucoma patients through these products. Santen has a huge sales platform and Aerie has a huge network ophthalmologists in Japan and other Asian countries.
The research offers a full analysis of various aspects, including the Glaucoma Treatment Market 2021 – 2029 expansion, in key geographic areas. The key regions covered by the research are North America, Europe, Asia-Pacific, and Latin America.
Why the Glaucoma Treatment Market 2021 – 2029 Report is Beneficial?
A thorough and cutting-edge research methodology was used to compile the Glaucoma Treatment Market 2021 – 2029study. The report offers a complete assessment of the market competition for the Glaucoma Treatment Market 2021 – 2029 and “contains a significant quantity of data on the most recent product and technological advances in the Glaucoma Treatment Market 2021 – 2029 The extensive range of analyses pertaining to how these improvements will impact the further expansion of Glaucoma Treatment Market 2021 – 2029 In-depth historical facts and analysis are included in the Glaucoma Treatment Market 2021 – 2029 study’s research report. The insights in the Glaucoma Treatment Market 2021 – 2029 report are understandable and contain graphical displays of the data in the form of bar graphs, statistics, pie charts, etc. The client’s requests can be accommodated by changing this report. Contact our sales team as soon as possible so they can confirm Glaucoma Treatment Market 2021 – 2029 Segmentation:
Depending on the product type and use, different groups have been created within the Glaucoma Treatment Market 2021 – 2029 market. Each market segment’s share and growth rate are evaluated. The specialists have also looked into potential regions that could be profitable for the manufacturers in the next years. The geography study offers precise volume and value predictions, helping market participants comprehend the entire industry in depth.
Global Glaucoma Treatment Market:
By Glaucoma Type
Open-Angle Glaucoma Angle-Closure Glaucoma Normal-Tension Glaucoma Others By Medication
Alpha Adrenergic Agonists Highest Share Beta Blockers Carbonic Anhydrase Inhibitors Miotics Prostaglandin Analogs Combination Medication Fastest Growing Others By Route of Administration
Oral Topical By Distribution Channels
Hospital Pharmacies Retail Pharmacies Online Pharmacies Global Glaucoma Treatment Market 2021 – 2029 by RegionGlaucoma Treatment Market 2021 – 2029
North America US Canada Mexico Rest of North America Europe Germany France Italy Spain UK Nordic Countries Denmark Finland Iceland Sweden Norway Benelux Union Belgium The Netherlands Luxembourg Rest of Europe Asia-Pacific Japan China India Australia South Korea Southeast Asia Indonesia Thailand Malaysia Singapore Rest of Southeast Asia Rest of Asia-Pacific The Middle East & Africa Saudi Arabia UAE Egypt South Africa Rest of the Middle East & Africa Latin America Brazil Argentina Rest of Latin America Absolute Markets Insights
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