Healthcare Firms in South Korea Bet on Affordable and Comprehensive Keratitis Treatment Regimens as Patients Seek Extended Insurance Coverage

As per a report published by Future Market Insights, Korea is anticipated to expand at around 5.3% CAGR in the global Keratitis Treatment Market from 2023 to 2033. The healthcare industry in Korea is rapidly innovating and developing. With numerous key companies and institutions leading the way, treatments for keratitis are set to become advanced in the next ten years.

Recent advances in Korea have seen the introduction of a comprehensive treatment regimen for keratitis. It includes the use of eye drops and oral medication. This new treatment regimen has been found to be effective in reducing pain and irritation associated with keratitis. It can also provide a long lasting solution to the condition.

Introduction of this new treatment regimen is expected to be driven by increasing demand for better treatment solutions to keratitis. Companies such as JW Pharmaceuticals, Eyecon Medical, and Genemedi have taken the lead in researching and developing new treatment regimens for keratitis.

These companies have invested heavily in research and development in order to provide effective treatments for keratitis. They are currently at the forefront of providing advanced treatment options to patients in Korea.

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Increasing demand for advanced treatment options for keratitis in Korea is driving the development and introduction of new & innovative treatments. Health insurance providers have responded to the growing demand by introducing coverage. These new coverages include various aspects of keratitis treatment such as hospital visits and prescription medications.

This would help to alleviate the financial burden associated with treating keratitis. It would also make it easy for people to get the care they need. There has also been an increased focus on educating physicians and other medical professionals about keratitis and its symptoms, allowing them to diagnose and treat it effectively.

Finally, there is a growing awareness among general public about the importance of seeking prompt treatment if they experience any symptoms related to keratitis. Together, all these factors are helping to drive growth in the Korea keratitis treatment market.

Key Takeaways from the Keratitis Treatment Market

• The global keratitis treatment market is predicted to propel at 6% CAGR from 2023 to 2033.
• Demand for keratitis treatment is likely to generate around US$ 789.89 million in terms of revenue for the global market by the end of 2023.
• The global keratitis treatment market is poised to attain a valuation of US$ 1,499.45 million by 2033.
• Introduction of advanced treatment regimens for the cure of keratitis treatment will drive demand in Korea.

“High sales of ophthalmic drugs for the treatment of various types of keratitis such as fungal keratitis, is anticipated to bode well for the Korea market. Key healthcare service providers in the country are hence working to improve core capabilities of their product lines,” says a lead analyst at Future Market Insights.

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Keratitis is a condition in which the cornea (the clear outer layer of the eye) becomes inflamed. Corneal Infection Therapy depends on the cause of the inflammation, which can be infectious or non-infectious.

Competition Landscape in the Keratitis Treatment Market

In order to maximize their potential, key competitors in the Korea market for keratitis treatment are concentrating on partnership agreements for research and development. They are also primarily working to improve the core capabilities of their existing product lines.

Arctic Sight, ActualEyes, and RegeneRx Biopharmaceuticals, Inc. are key companies in Korea keratitis treatment market.

Recent Developments:

• In May 2021, clinical-stage biotech companies Arctic Sight and ActualEyes announced an exclusive partnership deal for Arctic Vision. They aim to create and sell the latter’s lead product candidate, AE-101. It is meant for the cure of corneal endothelial disorder in South Korea. ActualEyes is a clinical-stage biotech company dedicated to research and development of stem cell transplantation for corneal endothelial diseases.
• In September 2021, RegeneRx Biopharmaceuticals, Inc., a diagnostic drug discovery company that specializes in tissue protection, fix, and renewal, declared that HLB Group is acquiring GtreeBNT, the licensee for several RegeneRx products. The latter is a renowned corporation with six biopharmaceutical and economic subsidiary companies in Korea.

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Key Segments Profiled in the Keratitis Treatment Market Industry Survey

By Keratitis Types:

• Noninfectious Keratitis
• Infectious Keratitis
  • Bacterial Keratitis
  • Fungal Keratitis
  • Viral Keratitis
  • Acanthamoeba Keratitis

By Treatment:

• Topical Antibiotics
• Antifungals
• Antiviral
• Biocides

By End Users:

• Hospitals
• Specialty Clinics

About Future Market Insights (FMI) 

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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