Corneal Ulcer Treatment Market to Surge at 5.7% CAGR, Expected to Hit US$ 1.27 Billion by 2029 | FMI Inc.

Corneal Ulcer Treatment Market will experience a major upturn in the coming years, reaching a valuation of US$ 1.27 Bn by 2029 With an estimated market value of roughly US$ 867.3 Mn as of 2022, the global demand for corneal ulcer treatment is anticipated to witness a considerable rise of 5.7% CAGR from 2022 to 2029.

 Market Outlook:

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Key Takeaways of Corneal Ulcer Treatment Market Study

• Treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of revenue share during the forecast period.
• Growing bacterial keratitis requiring antibiotics for treatment will contribute significantly to the revenue share of the segment.
• Eye drops or eye ointments dominate the market by form type, as these are relatively cheaper and do not require other interventional and oral route for drug delivery.
• By distribution channel, retail pharmacies are expected to gain more than 50% of market share during the forecast period.
• North America is dominating the global corneal ulcer treatment market, while East Asia is expected to offer lucrative growth opportunities, owing to rising healthcare infrastructure and industrialization.

Acquisition – Key Strategy Followed by Leading Manufacturers

Leading manufacturers in the corneal ulcer treatment market are focusing on geographical expansion as well as increased product offerings through partnerships and acquisitions. In order to evaluate cost effective therapy for corneal ulcer treatment, manufacturers are evaluating new drugs via clinical trials For example, in Dec. 2019, Mallinckrodt plc enrolled the first patient in the company’s Phase 4, multi-center, multiple-dose, open-label study to assess the effects of Acthar Gel as a therapy option in patients with severe keratitis.

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Key Market Segments Covered In Corneal Ulcer Treatment Industry Research

By Drug class:

• Antibiotics
• Antifungals
• Antivirals
• Corticosteroids
• NSAID’s

By Form:

• Tablet
• Eye Drops/ Ointments
• Vials

By Route of Administration:

• Oral
• Topical
• Injectables

By Indication:

• Bacterial Keratitis
• Fungal Keratitis
• Viral Keratitis

Author

Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.

Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in areas such as Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.

Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.

About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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