The Nystagmus Market is expected to reach USD 3.3 Billion by 2032 at 7.7% CAGR during the forecast period 2023-2032. Nystagmus is a vision-related medical disease characterized by uncontrolled and repeated eye movements. These motions frequently result in blurred vision, which may wreak havoc on the body's balance and coordination. The prognosis of nystagmus is worsened by fatigue and stress. The specific source of the disease, however, is yet unknown. Congenital neurological problems or neurological abnormalities developing in childhood are the most common causes of nystagmus.
Nystagmus can also be caused by a lack of normal eye movement in childhood, refractive errors such as near-sightedness (myopia) or astigmatism, inflammation of the inner ear, medicines such as anti-epilepsy treatments, and central nervous system illnesses. The rising frequency of genetic and eye-related illnesses is driving the expansion of the nystagmus industry. Furthermore, the market will grow as mental retardation and neurological disorders become more prevalent.
Global Nystagmus Market, by region 2016(%)
Segmentation:
The nystagmus market is segmented on the basis of type, diagnosis, treatment, and end-users.
Based on the type, the market is segmented into infantile, latent nystagmus, noonan syndrome, and nystagmus blockage syndrome.
On the basis of the diagnosis, the market is segmented into CT scan, MR scan, chromosome analysis, ultrasonography, and others.
On the basis of the treatment, the market is segmented into medications, surgical, and others.
On the basis of the end-user, the market is segmented into hospitals & clinics, research centers, specialty eye clinics, and others.
Regional Analysis:
The global nystagmus market consists of countries namely the Americas, Europe, Asia Pacific, and the Middle East and Africa.
The Americas dominate the global nystagmus market owing to well-developed technology, increasing number of patients with LASIK eye-related problems, high healthcare spending, and increasing government support for research & development. Furthermore, increased R&D activities and the concentration of major companies in the region have fuelled the growth of the market in this region.
Europe holds the second position in the global nystagmus market owing to the government support for research & development and availability of funds for research. Moreover, this is expected to continue to drive the European market over the forecasted period. For instance, countries like Germany and France are increasing their investments in the healthcare domain.
Asia Pacific is the fastest growing nystagmus market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods for eye diseases in countries like India and South Korea is likely to emerge as the fastest growing market across the globe. Furthermore, growing demand for quality devices in the healthcare sector is projected to lead the use of advanced equipment, which, in turn, will increase the market growth of nystagmus in the region.
On the other hand, in the Middle East and Africa, eye problems have become a huge issue due to limited screening, ignorance of diseases, and poor access to treatment.
Key Players:
Some of key the players in the global nystagmus market are Bristol-Myers Squibb Company, NUSAPURE, ALLERGAN, Aerie Pharmaceuticals, Inc., Pfizer Inc., Valeant Pharmaceuticals International, Inc., Bayer AG, Genentech, Inc., Novartis AG , Regeneron Pharmaceuticals, Inc., Shire, and Santen Pharmaceutical Co., Ltd., and others.
Recent Development
Regeneron Pharmaceuticals, Inc. is a biotechnology business that specializes in drug research, development, manufacturing, and commercialization. EYLEA, Dupixent, Praluent, Kevzara, Libtayo, ARCALYST, and ZALTRAP are among the company's product lines. The company's own VelociSuite technologies, such as VelocImmune, which employs genetically humanized mice to manufacture optimized totally human and bispecific antibodies, help to speed up the traditional drug development process.
Bristol-Myers Squibb is a biopharmaceutical corporation. Biopharmaceutical products are discovered, developed, licensed, manufactured, marketed, distributed, and sold by the company. Oncology, immunology, cardiovascular disease, and fibrosis are among the therapeutic classes for which the company produces pharmaceuticals. Chemically manufactured or tiny molecule medications, as well as biologics created through biological processes, are among the company's pharmaceutical goods. Revlimid, Eliquis, Opdivo, Orencia, Pomalyst/Imnovid, Sprycel, Yervoy, Abraxane, Empliciti, Reblozyl, Inrebic, Onureg, Zeposia, Vidaza, Baraclude, and Breyanzi are some of the company's products. Wholesalers, distributors, pharmacies, merchants, hospitals, clinics, and government organizations are all customers of its goods.
Intended Audience:
| Attribute/Metric | Details |
| Market Size 2022 | NA (USD Billion) |
| Market Size 2023 | NA (USD Billion) |
| Market Size 2032 | 3.3 (USD Billion) |
| Compound Annual Growth Rate (CAGR) | 7.7 % (2024- 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2022 |
| Market Forecast Period | 2023 - 2032 |
| Historical Data | 2019 - 2022 |
| 聽聽Geographies Covered | 聽聽North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
| 聽聽Key Vendors | 聽聽Bristol-Myers Squibb Company, NUSAPURE, ALLERGAN, Aerie Pharmaceuticals, Inc., Pfizer Inc., Valeant Pharmaceuticals International, Inc., Bayer AG, Genentech, Inc., Novartis AG , Regeneron Pharmaceuticals, Inc., Shire, and Santen Pharmaceutical Co., Ltd., and others |
| 聽聽Key Market Opportunities | 路聽 Increasing number of patients with eye-related problems路聽 High healthcare spending路聽 Increasing government support for research & development |
| 聽聽Key Market Drivers | 路聽 Increasing prevalence of the genetic and eye related disorders路聽 Increasing mental retardation and neurological abnormalities |
Nystagmus Market Highlights:
Frequently Asked Questions (FAQ) :
Nystagmus market is expected to exhibit a CAGR of 7.7% from 2022-2032.
Nystagmus market is driven by the high prevalence of genetic and eye disorders.
Lack of effective reimbursement schemes and offering of expensive treatment can hamper the global nystagmus market growth.
The Americas can be dominant in the global nystagmus market till 2030.
Regeneron Pharmaceuticals, Inc., Santen Pharmaceutical Co., Ltd., Bayer AG, NUSAPURE, ALLERGAN, Novartis AG, Genentech, Inc., Aerie Pharmaceuticals, Inc., Pfizer Inc., Shire, Bristol-Myers Squibb Company, and Valeant Pharmaceuticals International, Inc. are key players of the global nystagmus market.
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Assistant Manager He holds an experience of about 7+ years in market research and business consulting, working under the spectrum of life sciences and healthcare domains. rahul conceptualizes and implements a scalable business strategy and provides strategic leadership to the clients. his expertise lies in market estimation, competitive intelligence, pipeline analysis, customer assessment, etc. in addition to the above, his other responsibility includes strategic tracking of high growth markets & advising clients on the potential areas of focus they could direct their business initiatives
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