Glaucoma is a syndrome that damages the optic nerve and its evolution could result in vision loss and blindness. Treatment of glaucoma begins with topical eye drops belonging to the class of prostaglandins, beta blockers, alpha agonist, combination medication, carbonic anhydrase inhibitor, and cholinergic. Administration of these eye drops decreases the production of the fluid inside eyes, thereby deducting the intraocular pressure. Topical eye drops are an alternative for surgery or to delay surgical process.
According to the report analysis, ‘Global Glaucoma Therapeutics Market Status (2015-2019) and Forecast (2020-2024) by Region, Product Type & End-Use’ states that Allergan, Merck, Novartis, Pfizer, Santen Pharmaceuticals, Valeant Pharmaceuticals, Aerie Pharmaceuticals and many more are the chief market players which recently working in the global glaucoma therapeutics market more energetically for registering the great value of market share, keep maintaining the governing position, obtaining the competitive edge, generating the highest percentage of revenue and keep maintaining the governing position by spreading the awareness connected to the applications and advantages of glaucoma therapeutics, establishing the several research and development programs, increasing the features and benefits of glaucoma therapeutics, delivering the better customer satisfaction, decreasing the associated prices of such, implementing the policies of profit making and strategies of expansion, and improving the qualitative and quantitative measures of such.
The effective growth in prevalence and incidence of diabetic disorders, increment in geriatric population, enhanced health care as well as health care infrastructure, introduction of the combination therapies, and growth in the number of awareness programs are probable to propel the global glaucoma therapeutics market during the forecast duration. Shortage of awareness about eye disorders, non-compliance with treatment, side effects of glaucoma drugs, and growth of the generic drugs market are predicted to limit the global market during the near future.
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However, emerging economies such as India, China, Brazil, Russia, Mexico, and South Africa propose the immense opportunities in the glaucoma therapeutics market. This is accredited to large number of underserved patients, growth in proportion of urban population, and insurance policies. Moreover, governments of the nations cited above have taken initiatives to educate the individuals about glaucoma and its management.
Not only has this, the North America is estimated to continue to register the market during the forecast period owing to increment in the geriatric population, growth in awareness among the population about glaucoma, accessibility of reimbursements, and well-established health care infrastructure. The market in Asia Pacific is projected to enlarge at a high CAGR during the review period. However, the market in Latin America and Middle East & Africa is projected to witness sluggish growth throughout the forecast period. The prominent growth in focus by federal governments on improving the health care facilities and rise in awareness among the population are the aspects contributing to the growth of the market in these regions. Therefore, it is predicted that during the coming future the market of glaucoma therapeutics will augment more proficiently over the review period.
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