A significant rise in the awareness of glaucoma, a growing demand for combination glaucoma drugs, and the availability of medical insurance coverage for diagnosis and treatment are some of the prominent trends observed in the global glaucoma therapeutics market. The market is also fueled by the increasing geriatric population in developed nations, a surge in healthcare expenditure, and the development of advanced drug delivery devices. Riding on these factors, the global glaucoma therapeutics market is projected to rise from a value of US$5.7 bn in 2015 to US$7.6 bn by 2024 at a modest CAGR of 3.4% therein. Read Full Report: http://www.transparencymarketresearch.com/glaucoma-therapeutics-market.html

1. Global Glaucoma Therapeutics Market: Value
Growth over Forecast Period Attributed to Strong
Pipeline of Combination Drugs, predicts TMR
The global glaucoma therapeutics market is immensely consolidated and the top five players
accounted for just under 85.0% of the market in 2015. Among Novartis AG, Allergan plc., Pfizer
Inc., Merck & Co., and Santen Pharmaceuticals, Novartis is the clear leader with a massive share
of over 33.0%.
Transparency Market Research has observed that most companies have a hold over the market
owing to their well-established brands and a strong pipeline of drugs for the treatment of
glaucoma. However, loss in the market share of leading companies due to patent expiry is likely
to offset the competitive landscape in the coming years.
North America Dominates Global Market by Revenue
Based on drug class, the glaucoma therapeutics market is led by the combination segment, which
is projected to account for a share of 25.8% by 2024. Expanding at an 8.8% CAGR from 2016 to
2024, the segment is fueled by the cost-effective nature of these drugs as compared to individual
drugs. On the basis of end use, hospitals formed the leading segment of the glaucoma
therapeutics market in 2015. The maximum opportunity was also presented by this segment.
Hospitals provide healthcare services at an affordable cost to citizens across the U.S., Canada,
the U.K., and several other countries in Europe. This has ensured the dominance of the hospitals
segment.
Geographically, North America is expected to account for a large share in the glaucoma
therapeutics market in terms of revenue owing to the rising usage of highly priced
prostaglandins. The region accounted for almost half the market in 2015. Exhibiting a 4.2%
CAGR from 2016 to 2024, Asia Pacific presents immense scope for growth. India holds a major
share in the APAC market in terms of revenue owing to the rising prevalence of glaucoma in the
country and a comparatively lower cost of treatment.
Read Full Report: http://www.transparencymarketresearch.com/glaucoma-therapeutics-
market.html
Improving Socio-economic Living Conditions Key in Driving Uptake of Glaucoma Therapeutics

2. The growing need to offer improved eye care and preserve the vision of the patients among
healthcare providers has resulted in the development of enhanced therapeutic options for the
treatment of glaucoma. “Although eye drops have, until recent years, been the primary method of
treatment, the market has been witnessing an evident shift toward combination drugs,” the author
notes. The strong pipeline of combination drugs for the treatment of glaucoma therefore ensures
steady growth of this market. Aerie Pharmaceuticals’ pipeline of combination drugs such as Rho
Kinase Inhibitor (ROCKi) and norepinephrine transport inhibitor (NETi) is a key example of this
development.
In addition to this, an improvement in the socio-economic conditions of people in developing
countries has increased spending capacity, which has not only resulted in a rise in healthcare
expenditure but also led a surge in awareness about living a healthy lifestyle. This has, in turn,
upped the early detection of glaucoma and spurred the demand for glaucoma therapeutics.
In contrast, the possible side effects of glaucoma drugs and the growth of the generic drugs
market are likely to be the key deterrents in the coming years.
This review is based on the findings of a TMR report titled “Glaucoma Therapeutics Market -
Global Industry Analysis, Size, Share, Volume, Growth, Trends, and Forecast 2016 – 2024.”
Glaucoma Therapeutics Market, by Drug Class
• Alpha Agonist
• Beta Blockers
• Prostaglandin Analogs
• Carbonic Anhydrase Inhibitor
• Cholinergic
• Combined Medication
Glaucoma Therapeutics Market, by End Users
• Ophthalmic clinic
• Hospitals
• Ambulatory Surgical Centers
Glaucoma Therapeutics Market, by Geography
• North America
◦ U.S.
◦ Canada
• Latin America
◦ Brazil
◦ Mexico
◦ Rest of Latin America

3. • Europe
◦ U.K.
◦ Germany
◦ Spain
◦ Italy
◦ France
◦ Rest of Europe
• Asia Pacific
◦ India
◦ Japan
◦ China
◦ Australia
◦ New Zealand
◦ Rest of Asia Pacific
• Middle East and Africa
◦ South Africa
◦ Saudi Arabia
◦ U.A.E.
◦ Rest of MEA
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