The patient demand for a better way to treat to glaucoma has been growing for years.
Two recent reports from Transparency Market Research show that this growing worldwide consumer demand projects ever increasing revenues for both the Treatment and Therapeutic markets and for hope for the consumers for a better solution.
The reports said: “A new exhaustive report collated by Transparency Market Research envisages an average growth for the global glaucoma treatment market in the period between 2017 and 2026. More than US$ 3,300 revenues are expected to be gained from treatment of glaucoma across the globe by 2026-end.
The global glaucoma therapeutics market was valued at US$ 5,932.6 Mn in 2017 is anticipated to reach US$ 7,659.8 Mn by 2026, expanding at a CAGR of 2.9 percent from 2018 to 2026. Increase in prevalence and incidence of diabetic disorders, rise in geriatric population, improved health care as well as health care infrastructure, introduction of combination therapies, and surge in the number of awareness programs are likely to drive the global glaucoma therapeutics market during the forecast period.
The reports continued saying that: “North America to Remain Leading Revenue Contributor to Global Glaucoma Treatment Market… Incidences of glaucoma in North American countries are rising significantly, with the surge in older population in the region, thereby creating high demand for glaucoma drugs… In addition, the economic vigor and enormous investments in healthcare sector in North America have meant that the region will remain the leading revenue contributor to the global glaucoma treatment market.”
Active Healthcare companies in the markets this week include: Guardion Health Sciences, Inc. (NASDAQ: GHSI), Boston Scientific Corporation (NYSE: BSX), Ocular Therapeutix, Inc. (NASDAQ: OCUL), Bausch Health Companies Inc. (NYSE: BHC) (TSX: BHC.TO), Allergan plc (NYSE: AGN).
The report on the therapeutics marked confirmed: “In terms of end-user, the hospitals segment captured major share of the global glaucoma therapeutics market in 2017. The segment is likely to sustain its leadership position during the forecast period. A large population prefers visiting hospitals first rather than specialty clinics for treatment, as the cost of therapy at hospitals is lower. Ambulatory surgical center is the less preferred option for the treatment of glaucoma. North America and Europe accounted for a combined market share of 50.2 percent in 2017. North America is projected to continue to dominate the market during the forecast period due to increase in the geriatric population, rise in awareness among the population about glaucoma, availability of reimbursements, and well-established health care infrastructure. The market in Asia Pacific is expected to expand at a high CAGR during the forecast period.”