Title: Global Glaucoma Treatment Drugs Market Forecast to 202 : Ken Research
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2Global Glaucoma Treatment Drugs Market Forecast
to 2020 Ken Research
- Ken Research announced its latest publication on
Global Glaucoma Treatment Drugs Market Outlook
to 2020 New Product Launches Expected to Boost
Market provides a comprehensive analysis of the
glaucoma treatment drugs market. The report
includes the market share contributed by the
sales of generic and patented drugs globally for
treatment of glaucoma.
3What Is The Potential Of Global Glaucoma
Treatment Drugs Market?
- Glaucoma is defined as a group of disorders of
optic nerve, which carries information from eye
to the brain. Major symptom of glaucoma is ocular
hypertension, which is associated with
higher-than-normal-pressure inside the eye.
Moreover, sometimes glaucoma also affects eyes
with normal eye pressure. If untreated or
uncontrolled, glaucoma causes peripheral vision
loss and eventually results in blindness.
Glaucoma being the second common cause of
blindness globally has emerged as a worldwide
problem. The prevalence of glaucoma globally
among aged population was in 2013. There were
around million people who were affected with
glaucoma worldwide in year 2010, which increased
to million in 2013 and number is expected to
increase to million by 2020.
4- The statistics clearly advocates the high demand
for glaucoma treatment drugs across the globe. It
has been estimated that glaucoma treatment drugs
generated USD million of revenue in 2010.
However, the revenue declined at a high rate till
2013, owing to the expiry of major patented drugs
including and . It was observed that market
exhibited the decline at a rate of from 2011to
2012 on account of declining sales of . Although
as a result of increasing prevalence of glaucoma,
market experienced steady growth afterwards and
the market was valued at USD million in 2015.
Aging population and rising awareness in. the
emerging economies owing to the efforts of the
government and NGOs were the major reasons which
assisted the market in its growth during this
period.
5Figure Global Glaucoma Treatment Drugs Market On
The Basis Of Revenue In USD Million, 2010 - 2015
6Which Drug Class Is Generating Maximum Revenue
For Glaucoma Treatment Drugs Market?
- Prostaglandin analogs dominated the glaucoma
treatment drugs market with revenue share of
in 2015. The drugs belonging to prostaglandin
analogs work by increasing the outflow of
intraocular fluid from the eye. These drugs are
usually taken as eye drops and preferred for
people with open angle glaucoma. Presence of two
patented drugs in this drug class is one of the
major factors which are responsible for dominance
of prostaglandin analogs , , and are major
patented drugs generating revenue for the
segment. Additionally, which is an off-patented
drug also generated USD million of the revenue
in year 2015, contributing a high share in the
total segment revenue. Beta blockers followed
prostaglandin analogs with revenue share of in
2015.This drug class works by decreasing the
production of intraocular fluid. These drugs are
majorly available in generic form and are
relatively inexpensive. This feature of beta
blockers drug class makes it one of the preferred
choices of drug in the emerging economies of Asia
Pacific and Latin America region.
7Which Geographical Region Dominated The Global
Glaucoma Treatment Drugs Market?
- North America dominated the market with revenue
share of in 2015. High prevalence of glaucoma,
high awareness among people and economic
stability to undergo expensive treatment options
are the major factors which have driven the
glaucoma treatment drugs market in North America.
Approximately million people in the US were
affected from glaucoma in 2015. Moreover, it has
been observed that people in the US were blind
due to glaucoma, accounting for of all the
blindness cases in 2015.African Americans
residing in the region are times more likely to
develop glaucoma than any other descent globally.
Europe followed North America with revenue share
of in 2015. Nominal approval regulations and
easy availability of the drugs in fewer prices in
the region owing to the reimbursement from the
government are the major factors which have
helped the market players to generate high
revenue in the nation. Aging population is other
major reason which has resulted in high glaucoma
prevalence in the region, resulting in demand for
treatment drugs.
8What Is The Scenario Of Asia Pacific Region In
Context To Glaucoma Treatment Drugs Market?
- The snapshot on Asia Pacific glaucoma treatment
drugs market included in study discusses about
three major markets in the region including
India, China, and Japan. India though generated
very low revenue of USD million in 2015 is
expected to grow at a high pace during the
forecast period. High prevalence of glaucoma in
the country coupled with rising awareness is
expected to fuel the glaucoma treatment drugs
market in India. Additionally, absence of any
patented drug and use of only generic products
has also resulted in low revenue contribution
from India towards global market. Among generic
drug manufacturers, dominated the market with
revenue share of in 2015 followed by , which
contributed in the total revenue. Carbonic
Anhydrase inhibitors are estimated to generate
maximum revenue by drug class contributing in
the overall revenue in year 2015 in India.
9How Are Generic Glaucoma Drugs Different From
Branded Glaucoma Drugs?
- Glaucoma being a highly prevalent disease demands
for effective and affordable treatment options.
The launch of generic drugs in the market during
the historical period, especially of Xalatan has
resulted in decline in revenue share of patented
drugs in the market from in 2010 to in
2015. Low cost of generic drugs is the major
factor which has resulted in high adoption of
generic drugs in the market. It has been observed
that branded drugs cost approximately five times
that of generic drugs
10How Venturing Of Small Players Is Going To Impact
Global Glaucoma Treatment Drugs Market?
- Glaucoma treatment drugs market is witnessing the
entry of many small players into the market
especially in research and development
activities. These new entrants are conducting
massive clinical trials for glaucoma treatment
and their drugs are expected to revolutionize the
market. Nearly drugs by small companies are
observed to be in clinical phase III trial and
are expected to launch during the forecast
period. The major among them include and by
Aerie Pharmaceutical and by Inotek
Pharmaceutical Corporation. Moreover, the drugs
by belong to new drug class called ROCK
Inhibitors, which is completely new mechanism of
treatment for glaucoma.
11What Would Be The Result Of New Product Launches
On Global Glaucoma Treatment Drugs Market During
The Forecast Period?
- Glaucoma treatment drugs are expected to witness
growth at a rapid pace. The market is expected to
grow at a CAGR of from 2016 to 2020 recording
the market value at USD million in 2016 and USD
million in 2020. Launch of , , , and are
expected to generate good amount of revenue
during the forecast period However, the market
would be restrained a bit by the patent expiry of
and . The expected launch of by Bausch
Lomb Incorporated in 2016 is expected to
revolutionize the market, as the drug is expected
to generate sales of nearly billion in year
2017.It is anticipated that the drug would be
used as a first-line therapy for the treatment of
glaucoma. Strong efficacy and simplified
therapeutic regiment agent presence in the drug
would increase the use of drug.
12Key Factors Considered In The Report
- Comprehensive analysis of the Global glaucoma
treatment drugs market and its segments - Snapshot on North America Glaucoma Treatment
Drugs Market - Snapshot on Europe Glaucoma Treatment Drugs
Market - Snapshot on Asia Pacific Glaucoma Treatment Drugs
Market - Porters Five Forces Analysis for Global Glaucoma
Treatment Drugs Market - Trends and Developments in Global Glaucoma
Treatment Drugs Market - Snapshot on Patented Glaucoma Treatment Drugs
Market - Generic Versus Branded Glaucoma Drugs
- Pipeline Analysis of Global Glaucoma Treatment
Drugs Market - Competitive Landscape and Detailed Company
Profiles of the Major Market Players - Future Outlook and Projections of Global Glaucoma
Treatment Drugs Market - Analyst Recommendations
- Macro-Economic Factors Impacting the Global
Glaucoma Treatment Drugs Market
13- Source https//www.kenresearch.com/healthcare/ph
armaceuticals/global-glaucoma-treatment-drugs-mark
et-statistics/47381-91.html - Contact Ken ResearchAnkur
Gupta, Head Marketing CommunicationsAnkur_at_kenre
search.com91-9015378249 - Website www.kenresearch.com
14Thank you