Glaucoma Treatment Market Report (2023 to 2031) – Alcon, Merck & Co., Inc., Novartis AG, Pfizer Inc., and AbbVie Inc.

 | Source: Growth Plus Reports Growth Plus Reports

Newark, New Castle, USA, June 13, 2023 (GLOBE NEWSWIRE) -- The market analysis of the global glaucoma treatment market was conducted by Growth Plus Reports in 2022 and is valued at US$ 5.89 billion. The market is expected to hit a revenue CAGR of 3.4% to reach US$ 7.96 billion by 2031.

Analysis of the global market for glaucoma treatment indicates that the revenue share is likely to increase significantly. If left untreated, glaucoma affects the visual nerve and can result in permanent blindness. Reducing intraocular pressure, a substantial risk factor for glaucoma is the primary goal of treatment.

Key Takeaways: 

  • The rising geriatric population is the main cause driving the global market revenue share.
  • prescription drugs and surgical procedures are driving the market demand.
  • The demand for novel and cutting-edge treatment alternatives is increasing the market revenue growth rapidly.

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                                         Glaucoma Treatment Market Scope

Report AttributeDetails
Market Size Value in 2022US$ 5.89 billion
Revenue Forecast in 2031US$ 7.96 billion
CAGR3.4%
Base Year for Estimation2022
Forecast Period2023 to 2031
Historical Year2021
Segments CoveredIndication, Drug class, Distribution Channel, and Region
Regional ScopeNorth America, Europe, Asia Pacific, Latin America, and the Middle East & Africa


Recent Development in the Glaucoma Treatment Market: 

  • In August 2022, to expand its line of ophthalmic medications, Alcon purchased Aerie Pharmaceuticals, Inc. Through the deal, Alcon gained access to a pipeline of many clinical and preclinical ophthalmic pharmaceutical product candidates, as well as the commercial glaucoma treatments Rocklatan and Rhopressa, as well as AR-15512, a Phase 3 product candidate for dry eye illness.

Competitive Landscape

A list of the companies operating in the global market for glaucoma treatment includes: 

  • Merck & Co., Inc.
  • Novartis AG
  • Pfizer Inc.
  • Akorn Incorporated
  • AbbVie Inc.

Market Drivers and Restraints: 

The global glaucoma treatment market revenue is driven by the rising prevalence of glaucoma, the growing geriatric population, rising research and development in drug discovery, and the installation of top-notch technologies in the healthcare sector. Furthermore, the increase in the surgical procedure for glaucoma treatment and favorable reimbursement policies also contribute to the market revenue growth. 

However, due to the expensive aspect of treatment and restricted patient access to care, the glaucoma treatment market revenue growth is expected to be restrained. 

Market Segmentation: 

  • Based on indication, the global glaucoma treatment market is segmented into open-angle glaucoma, closed-angle glaucoma, secondary glaucoma, congenital glaucoma, and others. 
  • Based on drug class, the global glaucoma treatment market is segmented into prostaglandin analogs, beta blockers, alpha agonists, carbonic anhydrase inhibitors, and others. 
  • Based on the distribution channel, the global glaucoma treatment market is segmented into hospital, retail, and online pharmacies. 

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Segmentation By Drug Class

Based on the drug class, the prostaglandin analogs segment dominates the global glaucoma treatment market with the largest revenue share. They have revolutionized glaucoma therapy and are widely regarded as the first-line treatment for many patients, which accounts for their significant revenue share. Additionally, these medications lower intraocular pressure and work in the early and late stages of the illness, contributing to a large share of revenue. 

Regional Growth Dynamics

Based on the region, North America, with the largest revenue share, dominates the global glaucoma treatment market. The high prevalence of glaucoma in North America, as well as the area's well-developed healthcare infrastructure, which includes state-of-the-art diagnostic tools and treatment facilities, are credited with this significant revenue share. In addition, the area gains from a flourishing research and development sector, where several academic institutions and pharmaceutical companies conduct glaucoma therapy trials.

Report Coverage 

Growth Plus Reports carried out extensive market research on the glaucoma treatment market globally. We examined the fundamental market characteristics, significant investment opportunities, regional growth patterns, ten-year revenue estimates, competing market players, and mergers and acquisitions.

Table of Content

  1. INTRODUCTION
    1. Market Ecosystem
    2. Timeline Under Consideration
      1. Historical Years – 2021
      2. Base Year – 2022
      3. Forecast Years – 2023 to 2031
    3. Currency Used in the Report
  2. RESEARCH METHODOLOGY 
    1. Research Approach
    2. Data Collection Methodology
    3. Data Sources
      1. Secondary Sources 
      2. Primary Sources 
    4. Market Estimation Approach
      1. Bottom Up
      2. Top Down 
    5. Market Forecasting Model
    6. Limitations and Assumptions
  3. PREMIUM INSIGHTS
    1. Current Market Trends (COVID-19 Perspective)
    2. Key Players & Competitive Positioning (2022) 
    3. Regulatory Landscape
    4. Reimbursement Scenario 
  4. MARKET DYNAMICS
    1. Drivers
    2. Restraints/Challenges
    3. Opportunities
  5. GLOBAL GLAUCOMA TREATMENT MARKET - ANALYSIS & FORECAST, BY INDICATION
    1. Open Angle Glaucoma
    2. Closed Angle Glaucoma
    3. Secondary Glaucoma
    4. Congenital Glaucoma
    5. Others
  6. GLOBAL GLAUCOMA TREATMENT MARKET - ANALYSIS & FORECAST, BY DRUG CLASS
    1. Prostaglandin Analogs
    2. Beta Blockers
    3. Alpha Agonist
    4. Carbonic Anhydrase Inhibitors
    5. Others
  7. GLOBAL GLAUCOMA TREATMENT MARKET - ANALYSIS & FORECAST, BY DISTRIBUTION CHANNEL
    1. Hospital Pharmacies
    2. Retail Pharmacies
    3. Online Pharmacies  

GLAUCOMA TREATMENT MARKET TOC

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  • Winning imperatives
  • Exhaustive coverage on 'Strategic Developments' registered by leading players of the market.

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                                Glaucoma Treatment Market
                            
                            
                                Glaucoma Treatment Market Size
                            
                            
                                Glaucoma Treatment
                            

                



        


    

        
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