Glaucoma Market Size, Share, Growth Analysis, By Type (Closed Angle Glaucoma (CAG), Open Angle Glaucoma (OAG)), By Drug Class (Beta Blockers, Prostaglandins), By Administration, By End Use, By Distribution, By Region - Industry Forecast 2024-2031
MediPrint Ophthalmics(formerly Leo Lens Pharma)(Denmark)
Tarsier Pharma(USA)
Peregrine Ophthalmic(USA)
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Global Glaucoma Market size was valued at USD 8.1 billion in 2022 and is poised to grow from USD 8.63 billion in 2023 to USD 14.4 billion by 2031, growing at a CAGR of 6.6% during the forecast period (2024-2031).
The global glaucoma market is experiencing consistent growth, primarily fueled by the rising prevalence of this chronic eye condition, particularly among the aging population and those with chronic eye diseases. Advancements in diagnostic and treatment technologies, including minimally invasive surgeries and laser therapies, further bolster market expansion. However, challenges such as high treatment costs and limited healthcare access in certain areas pose obstacles to growth. The competitive landscape is marked by significant activity among key industry players, driving continuous research and development for innovative glaucoma management solutions. As awareness, early detection, and improved treatment options progress, the global glaucoma market is anticipated to grow steadily in the coming years, underscoring the importance of addressing this critical health issue.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Glaucoma market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Glaucoma Market Segmental Analysis
Global Glaucoma Market is segmented by type, drug class, administration, end use, distribution and region. Based on type, the market is segmented into closed angle glaucoma (CAG), open angle glaucoma (OAG), secondary glaucoma, congenital glaucoma and others. Based on drug class, the market is segmented into beta blockers, prostaglandins, alpha adrenergic agonist, carbonic anhydrase inhibitors, combination drugs and others. Based on administration, the market is segmented into oral, injections, intravitreal and other. Based on end use, the market is segmented into hospitals, specialty centers and others. Based on distribution, the market is segmented into hospital, online and retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.
Driver of the Global Glaucoma Market
A significant impetus for the global glaucoma market stems from the escalating prevalence of the condition across the globe. This surge is primarily driven by an aging population and a rise in chronic illnesses, including diabetes and hypertension, which heighten the likelihood of glaucoma development. Given that glaucoma is a major contributor to irreversible blindness, there is an urgent requirement for early detection, diagnosis, and treatment options. Consequently, this situation stimulates demand for cutting-edge glaucoma management solutions, encompassing advanced diagnostic equipment, effective medications, and surgical treatments, all aimed at improving patient outcomes and reducing the risk of vision loss.
Restraints in the Global Glaucoma Market
The global glaucoma market faces significant restraints primarily due to limited awareness and inadequate routine screening practices for this condition in various regions. As glaucoma often presents asymptomatically in its early stages, the absence of regular eye exams complicates timely diagnosis. This lack of awareness among both the general public and healthcare providers can result in late-stage diagnosis and subsequent irreversible vision loss. Additionally, the high costs associated with managing glaucoma-encompassing medications, surgical interventions, and long-term care-pose substantial barriers to access, particularly for patients in low- and middle-income countries, further exacerbating the challenges in glaucoma management and treatment.
Market Trends of the Global Glaucoma Market
The global glaucoma market is witnessing a significant trend towards the adoption of advanced diagnostic technologies and innovative treatment modalities, driven by the urgent need for early detection and management of this potentially debilitating eye disease. As awareness increases regarding the irreversible vision loss associated with glaucoma, healthcare providers are prioritizing regular screenings and advanced imaging techniques for timely diagnosis. Technologies like optical coherence tomography (OCT), visual field testing, and advanced tonometry are increasingly utilized to enhance diagnostic accuracy and patient monitoring. This trend is fostering a robust market environment, as both established and emerging players invest in cutting-edge solutions to better address patient needs and optimize treatment outcomes.
Table of Contents
Introduction
Objectives of the Study
Scope of the Report
Definitions
Research Methodology
Information Procurement
Secondary & Primary Data Methods
Market Size Estimation
Market Assumptions & Limitations
Executive Summary
Global Market Outlook
Supply & Demand Trend Analysis
Segmental Opportunity Analysis
Market Dynamics & Outlook
Market Overview
Market Size
Market Dynamics
Drivers & Opportunities
Restraints & Challenges
Porters Analysis
Competitive rivalry
Threat of substitute
Bargaining power of buyers
Threat of new entrants
Bargaining power of suppliers
Key Market Insights
Key Success Factors
Degree of Competition
Top Investment Pockets
Market Ecosystem
Market Attractiveness Index, 2023
PESTEL Analysis
Macro-Economic Indicators
Value Chain Analysis
Pricing Analysis
Global Glaucoma Market Size by Type & CAGR (2024-2031)
Market Overview
Closed Angle Glaucoma (CAG)
Open Angle Glaucoma (OAG)
Secondary Glaucoma
Congenital Glaucoma
Others
Global Glaucoma Market Size by Drug Class & CAGR (2024-2031)
Market Overview
Beta Blockers
Prostaglandins
Alpha Adrenergic Agonist
Carbonic Anhydrase Inhibitors
Combination Drugs
Others
Global Glaucoma Market Size by Administration & CAGR (2024-2031)
Market Overview
Oral
Injections
Intravitreal
Other
Global Glaucoma Market Size by End Use & CAGR (2024-2031)
Market Overview
Hospitals
Specialty Centers
Others
Global Glaucoma Market Size by Distribution & CAGR (2024-2031)
Market Overview
Hospital
Online
Retail
Global Glaucoma Market Size & CAGR (2024-2031)
North America (Type, Drug Class, Administration, End Use, Distribution)
US
Canada
Europe (Type, Drug Class, Administration, End Use, Distribution)
Germany
Spain
France
UK
Italy
Rest of Europe
Asia Pacific (Type, Drug Class, Administration, End Use, Distribution)
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America (Type, Drug Class, Administration, End Use, Distribution)
Brazil
Rest of Latin America
Middle East & Africa (Type, Drug Class, Administration, End Use, Distribution)
GCC Countries
South Africa
Rest of Middle East & Africa
Competitive Intelligence
Top 5 Player Comparison
Market Positioning of Key Players, 2023
Strategies Adopted by Key Market Players
Recent Developments in the Market
Company Market Share Analysis, 2023
Company Profiles of All Key Players
Company Details
Product Portfolio Analysis
Company's Segmental Share Analysis
Revenue Y-O-Y Comparison (2021-2023)
Key Company Profiles
Aerie Pharmaceuticals (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Akorn, Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
AbbVie Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Bausch Health Companies Inc. (Canada)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Inotek Pharmaceuticals Corp. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Merck & Co., Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Novartis AG (Switzerland)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Pfizer Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Santen Pharmaceutical Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Glaukos Corporation (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Ocular Therapeutix, Inc. (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Santen Inc. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Ono Pharmaceutical Co., Ltd. (Japan)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Nicox S.A. (France)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Sun Pharmaceutical Industries Ltd. (India)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
Visiox Pharma (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
TearClear (USA)
Company Overview
Business Segment Overview
Financial Updates
Key Developments
MediPrint Ophthalmics (formerly Leo Lens Pharma) (Denmark)