Global Antiglaucoma Drugs Market 2022 – Market Opportunities And Strategies
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The antiglaucoma drugs market is then expected to recover and grow at a CAGR of 5.0% to $6.65 billion in 2021 and reach $7.34 billion in 2023 at a CAGR of 2.7%. The market is expected to reach $8.08 billion in 2025 at a CAGR of 4.9% and $10.76 billion in 2030 at a CAGR of 5.9%.
The antiglaucoma drugs market consists of sales of antiglaucoma drugs and related services by entities (organizations, sole traders and partnerships) that produce antiglaucoma drugs to treat glaucoma conditions.
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Antiglaucoma Drugs Market Driver
The increasing incidence and prevalence of glaucoma is expected to support the growth of the anti-glaucoma drugs market. Eye disorders such as glaucoma are becoming major causes of visual impairment and blindness globally. Globally, glaucoma ranks as the second major cause of blindness after cataracts.
Antiglaucoma Drugs Market Trends
Development of combination therapies for the treatment of eye-related diseases including glaucoma is an emerging trend in the anti-glaucoma drugs market. Combination therapy involves the use of more than one medication or drug to treat a disease. These combinational therapies reduce the frequency of eye drops or drug administration and reduce the possibility of vascular endothelial growth factor (VEGF) expression, choroidal neovascularization, and inflammation.
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Opportunities And Recommendations For The Antiglaucoma Drugs Market
Opportunities – The top opportunities in the antiglaucoma drugs market segmented by product type will arise in the prostaglandin analog market segment. The top opportunities in the antiglaucoma drugs market segmented by condition type will arise in the open-angle glaucoma segment. The top opportunities in the antiglaucoma drugs market segmented by prescription type will arise in the OTC drugs market segment. The antiglaucoma drugs market size will gain the most in USA. Market-trend-based strategies for the antiglaucoma drugs market include focus on development of rho kinase inhibitors for glaucoma treatment, development of combination therapies and investments in artificial intelligence. Player-adopted strategies in the antiglaucoma drugs market include expanding through strategic acquisitions and collaboration and focusing on development and launch of new drugs.
Recommendations – The Business Research Company recommends the antiglaucoma drugs market companies to focus on a new class of medications, focus on research & development, focus on combination medications, provide competitively priced offerings, expand in emerging markets, focus on promoting affordable and effective products efficiently, and leverage e-commerce tools to maximize reach.
Major Players And Regions Of The Antiglaucoma Drugs Market
Major players in the antiglaucoma drugs market are Allergen PLC, Novartis AG, Santen Pharmaceutical Co., Ltd, Akorn, Pfizer.
The Antiglaucoma Drugs Market Report 2022 – Opportunities And Strategies – Global Forecast To 2030 covers regional data on key drivers, opportunities, and strategies for the seven major regions of the world that are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The report includes market size and forecast market shares for all the regions and countries with respect to the major players of the antiglaucoma drugs market.
Antiglaucoma Drugs Market Segmentation By The Business Research Company
1) By Product Type: Alpha Agonist, Beta Blockers, Prostaglandin Analogs, Combined Medication, Others
2). By Disease Condition Type: Open-Angle Glaucoma, Angle-Closure Glaucoma, Normal-Tension Glaucoma, Congenital Glaucoma, Other Types Of Glaucoma
3). By Prescription Type: OTC Drugs, Prescription Drugs
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