Ocular Hypertension Treatment Market it Would Grow upto USD 6.5 Billion by 2030

Data Bridge Market research has a newly released expansive study titled “Ocular Hypertension Treatment Market” which guarantees you will remain better informed than your competition. This study provides a broader perspective of the marketplace with its comprehensive market insights and analysis which eases survival and success in the market.

Data Bridge Market Research analyses a growth rate in the global ocular hypertension treatment market in the forecast period 2023-2030. The expected CAGR of global ocular hypertension treatment market is tend to be around 3% in the mentioned forecast period. The market was valued at USD 5.13 billion in 2022, and it would grow upto USD 6.5 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

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As per the records of October 2021, World Health Organization on blindness and vision impairment, it is projected that nearly 2.2 billion people face distance or near vision impairment disorders. Eye-related disorders have appeared as a possible potential threat to the populations in all middle-income and industrialized countries. The top causes of vision impairment include uncorrected refractive errors, age-related macular degeneration, cataract, and many others.

Market Overview:

Ocular hypertension happens when the eye’s pressure (intraocular pressure or IOP) becomes higher than average. It instigates increased eye strain. Glaucoma may be caused by increased pressure than the normal eye pressure. Glaucoma is a type of condition in which eye pressure affects the optic nerve and leads to loss of vision. However, ocular hypertension is not similar to glaucoma. In this condition, the optic nerve looks normal and there are no signs of vision loss. Although, many people having ocular hypertension are at increased risk for glaucoma and are considered “glaucoma suspects.”

Drivers

• Increase in elderly population

The global ocular hypertension treatment market is projected to witness a heavy growth rate during the forecast period driven by the factor of an aging population. The growing demand in the global ocular hypertension treatment market is the replication of the rising elderly population, as people aged over 60 years normally develop conditions wherein the eyes have reduced elasticity, affecting the normal functioning. This boost the market growth.

• Advanced technological advancements

Increasing technological advancements associated with the ocular hypertension treatment and diagnostics are boosting the growth of the market. Technologies such as medical imaging, selective laser trabeculoplasty (SLT), visual fields, micro-invasive glaucoma surgery (MIGS), optical coherence tomography (OCT), and progression analysis software will increase patient preference. Moreover, the market size will increase if laser therapies are combined with medications to treat glaucoma as the first-line therapy. This boosts the market growth

Opportunities

• Rising strategic initiatives

The strategic initiatives that major key players undertake is projected to increase the market growth. For instance, in June 2022, Novartis Pharmaceuticals Corporation announced the acquisition of Kedalion Therapeutics for its novel AcuStream technology. This acquisition pushed Novartis to boost its ophthalmic product portfolio. In addition to this, in June 2022 Amring Pharmaceuticals Inc. announced that its generic Timolol Maleate Ophthalmic Solution has received approval from the U.S FDA. Timolol Maleate Ophthalmic Solution is a preservative-free solution and is recommended in the treatment of open-angle glaucoma and ocular hypertension.

Key players operating in the global ocular hypertension treatment market include:

• Aerie Pharmaceuticals, Inc. (U.S.)
• Abbvie, Inc (U.S.)
• Angelini Pharma S.p.a.(Italy)
• Chong Kun Dang pharmaceutical Corp (South Korea)
• Laboratorios Sophia (Mexico)
• Lee Pharma Ltd (Hong Kong)
• Neurim Pharmaceuticals LTD (Israel)
• Nicox (France)
• Novartis AG (Switzerland)
• Ocular Therapeutix, Inc. (U.S.)
• Sylentis, S.A (Spain)
• Taejoon Pharm (South Korea)
• Takeda Pharmaceutical Company Limited (Japan)
• Bausch Health Companies Inc. (Canada.),
• Merck & Co. Inc. (U.S.)
• Pfizer Inc. (U.S.)
• Teva Pharmaceutical Industries Ltd. (Israel)

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Ocular Hypertension Treatment Market Scope

Type

• Intraocular Hypertension
• Glaucoma

Route of Administration

• Oral
• Parenteral
• Others

Drug Type

• Prescription
• Over the Counter

End User

• Hospitals
• Homecare
• Specialty Clinics
• Others

Distribution Channel

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

The report provides insights on the following pointers:

• Market Penetration: Comprehensive information on the product portfolios of the top players in the this market
• Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
• Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
• Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies

Critical Insights Related to This Market Included in the Report:

• Exclusive graphics and Illustrative SWOT analysis of some of the leading companies in this market
• Value chain analysis of prominent players in the market
• Current trends influencing the dynamics of this market across various geographies
• Recent mergers, acquisitions, collaborations, and partnerships
• Revenue growth of this industry over the forecast period
• Marketing strategy study and growth trends
• Growth driven factor analysis
• Emerging recess segments and region-wise market
• An empirical evaluation of the curve of this market
• Ancient, Present, and Probable scope of the market from both prospect value and volume

Browse Detailed Summary of Research Report with TOC:  https://www.databridgemarketresearch.com/toc/?dbmr=global-ocular-hypertension-treatment-market&Shri

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