Market Research Future (MRFR) has published on the “Global Ocular Inflammation Treatment Market”.
The Ocular Inflammation Treatment market is estimated to register a CAGR of 4.80% during the forecast period of 2024 to 2032.
Ocular Inflammation Treatment Market Highlights
The global Ocular Inflammation Treatment market is accounted to register a CAGR of 4.80% during the forecast period and is estimated to reach USD 11.5 billion by 2032.
Several factors are driving the expansion of the ocular inflammation treatment market: the emergence of novel allergens, the rise in the adoption of passive lifestyles, the widespread use of contact lenses, the need for pink eye therapy, and the rising frequency of eye procedures. The primary obstacles encompass inadequate understanding and exorbitant expenses, a dearth of qualified personnel, and the absence of established standards and protocols due to lockdowns and isolation in developing nations. These factors are anticipated to impede the expansion of the ocular inflammation treatment market.
Key Players
MRFR recognizes the following companies as the key players in the global Ocular Inflammation Treatment market— AbbVie Inc., Alimera Sciences, Bausch Health Companies Inc., EyePoint Pharmaceuticals, Inc., Novartis AG, Ocular Therapeutix, Inc., Pfizer Inc., and Santen Pharmaceutical Co., Ltd.
Segment Analysis
The global Ocular Inflammation Treatment market has been segmented based on Treatment Type, Route of Administration, Indication, and Cause.
On the basis of Treatment Type, the market is segmented into Corticosteroids, Antibiotics, Analgesics, Antivirals, Antifungals, and other treatment types. The corticosteroids segment was attributed to holding the largest market share in 2023. This is due to the fact that sustained release technologies, such as ocular implants, utilize corticosteroids.
Based on Route of Administration, the global Ocular Inflammation Treatment market has been segmented into Topical, Oral, and Injectables. The topical segment was expected to hold the largest market share in 2023. This is due to the fact that they directly penetrate the ocular surface and the affected tissues.
On the basis of Indication, the market is segmented into Uveitis, Conjunctivitis, Keratitis, Scleritis, Retinitis, and other indications. The uveitis segment was attributed to holding the largest market share in 2023. Much attention is devoted to treatment and management strategies for anterior uveitis, given its clinical significance and high prevalence.
Based on Cause, the global Ocular Inflammation Treatment market has been segmented into Infectious causes, Trauma and injury, Autoimmune diseases, and other causes. The trauma and injury segment was expected to hold the largest market share in 2023. The implementation of sophisticated surgical methodologies emphasizes the comprehensive approach to managing inflammation in the aftermath of trauma and injury.
Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Ocular Inflammation Treatment Market Research Report
Regional Analysis
The global Ocular Inflammation Treatment market, based on region, has been divided into North America, Europe, Asia-Pacific, and Rest of the World. North America consists of the US and Canada. The Europe Ocular Inflammation Treatment market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Ocular Inflammation Treatment market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Ocular Inflammation Treatment market comprises the Middle East, Africa, and Latin America.
The largest market share for Ocular Inflammation Treatment was maintained by the North American regional sector. The high development of this regional segment can be attributed to the increasing prevalence of the disease in the United States as well as the presence of key actors in the area. The approval of pharmaceuticals such as Humira for the treatment of this condition and the development of novel techniques, such as stem cell therapy, to treat ocular diseases are among the primary propelling forces.
Moreover, the Europe market has been persistently growing over the forecast period. In addition, the global market for eye inflammation treatments is anticipated to expand substantially in Europe due to regulatory bodies' increasing approval of eye disease treatment drug marketing in the region. For example, in May 2017, the European Medicines Agency advised that Oxervate, a cenegermin indicated for the management of moderate to severe neurotrophic keratitis, an atypical ocular condition potentially resulting in visual impairment, be granted a marketing authorization within the European Union.
Furthermore, the Asia-Pacific region is witnessing advancements in its healthcare infrastructure, which coincides with an increase in the demand for uveitis treatment. Initially, there was a growing adoption of uveitis treatment products and an increase in regional awareness regarding uveitis treatment. Additionally, a burgeoning research and development industry contributes to the region's healthcare technology advancements.
Furthermore, the rest of the world's Ocular Inflammation Treatment market is divided into the Middle East, Africa, and Latin America. This is due to the presence of the product's principal manufacturer, substantial financial commitment to healthcare and technological advancement, and a proficient workforce.
Key Findings of the Study
- The global Ocular Inflammation Treatment market is expected to reach USD 11.5 billion by 2032, at a CAGR of 4.80% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market as a result of multiple contributing elements. Initially, there was a growing adoption of uveitis treatment products and an increase in regional awareness regarding uveitis treatment.
- Based on Cause, the Trauma and Injury segment was attributed to holding the largest market in 2023.
- AbbVie Inc., Alimera Sciences, Bausch Health Companies Inc., EyePoint Pharmaceuticals, Inc., Novartis AG, Ocular Therapeutix, Inc., Pfizer Inc., and Santen Pharmaceutical Co., Ltd. are the key market players.
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Base Year | 2017 |
Companies Covered | 15 |
Pages | 128 |
Certified Global Research Member
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