The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company’s antiglaucoma drugs market report forecasts the antiglaucoma drugs market size to grow to $19.30 Billion by 2027, with a CAGR (compound annual growth rate) of more than 6%.

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Antiglaucoma Drugs Market Size Forecast
The global antiglaucoma drugs market is expected to grow from $14.02 billion in 2022 to $15.04 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global antiglaucoma drugs market size is expected to grow to $19.30 billion in 2027 at a CAGR of 6.4%.

North America held the largest antiglaucoma drugs market share, and Middle East was the fastest-growing region in 2022.

Key Antiglaucoma Drugs Market Driver ­– Increase In Incidence Of Glaucoma Increases With Age
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. In Australia, the government-funded an eye screening program as part of its Vision 2020 initiative to promote awareness and prevent vision loss among the population suffering from glaucoma and other eye disorders. These government initiatives will stimulate awareness among the people about glaucoma driving the market for anti-glaucoma drugs.

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Key Antiglaucoma Drugs Market Trend – Developing Combination Therapies
Companies in the antiglaucoma drugs market are developing combination therapies in the treatment of glaucoma disease due to their ability to lower intraocular pressure in glaucoma patients. Most of the combination therapies are fixed dose drugs as it offers the patient ease of consumption when compared to non-fixed combinations. Alcon launched a combination drug, Simbrinza which is a fixed combination of Brinzolamide and Brimonidine, to help patients in reducing the intake of multiple drugs for glaucoma. Rockland is a combination of a rho kinase inhibitor and a prostaglandin analog. Combigan is a combination of beta blockers and alpha agonists. Cosopt is a combination of beta-blockers and carbonic anhydrase inhibitors.

Antiglaucoma Drugs Market Segment
1) By Product Type: Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, Other Types
2) By Disease Condition Type: Open-Angle Glaucoma, Angle-Closure Glaucoma, Normal-Tension Glaucoma, Congenital Glaucoma, Other Types Of Glaucoma
3) By Type: Hospital Prescription drugs, Over-the counter drugs

Antiglaucoma Drugs Market Major Players and Strategies
Major players in the antiglaucoma drugs market are Aerie Pharmaceuticals, Inc., Allergan, Novartis AG, Abbott Healthcare, Johnson & Johnson, Merck & Co., Genentech, Inc., Pfizer, Inc., Bayer AG, and Santen Pharmaceuticals Company Ltd.

The Antiglaucoma Drugs Global Market Report 2023 covers regional data on antiglaucoma drugs market size, antiglaucoma drugs market trends and drivers, opportunities, strategies, and antiglaucoma drugs market competitor analysis. The countries covered in the antiglaucoma drugs market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

Antiglacoma 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.

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