May 14, 2020 11:52 AM ET
iCrowd Newswire – May 14, 2020
The Global Uveitis Treatment Market is estimated to grow at a CAGR of 4.6% during the forecast period 2019-2026. As per the detailed study conducted by Report Ocean, the global market valued $478 million in the year 2018, and is estimated to reach $687 million by the end of the year 2026.
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Uveitis is a type of eye inflammation which affects the middle layer of tissue in uvea. As per a clinical research study conducted by the Weston NHS Foundation Trust (UHBW), University Hospitals Bristol and University of Bristol, 2 in every 10,000 are at risk of serious sight loss due to uveitis. The organizations are evaluating a drug combination treatment with the funding of £2.5 million by the National Institute for Health Research (NIHR) which is co-ordinated by the University’s Bristol Trials Centre (CTEU). Hence, the market holds up lucrative opportunities considering the overall growth with novel inventions in the field of uveitis treatment.
The Global Uveitis Treatment Market is driven by various growth factors such as increase in prevalence of uveitis, growth in healthcare expenditure and potential treatment drugs in pipeline. However, lack of detailed research studies of Uveitis will hinder the market growth for the future period.
Segmentation Overview of the Global Uveitis Treatment Market
The Global Uveitis Treatment Market is segmented on the basis of various market segments. These major market segments are further classified into various sub-segments to study the market in detail.
The Drug Class Segment of the Global Uveitis Treatment Market is Sub-Segmented into:
- Immunotherapy & Targeted Therapies
- Antimicrobial Drugs
The Disease Type Segment of the Global Uveitis Treatment Market is Sub-Segmented into:
- Intermediate Uveitis
- Posterior Uveitis
- Anterior Uveitis
- Pan uveitis
The Distribution Channel Segment of the Global Uveitis Treatment Market is Sub-Segmented into:
- Drug Store & Retail Pharmacy
- Hospital Pharmacy
- Online Providers
Geographical Overview of the Global Uveitis Treatment Market
On the basis of geographical segmentation, the Global Uveitis Treatment Market was studied across North America (U.S., Canada and Mexico); Europe (Germany, UK, Russia, France and Rest of Europe); Asia Pacific (China, India, Japan, Korea and Rest of Asia Pacific); LAMEA (Brazil, Saudi Arabia and Rest of LAMEA). As per the analysis, the North America uveitis treatment market held the majority of the market share in the year 2019 with ~2/5th of the market share in the global marketplace. The regional dominance is due to easy accessibility to the therapeutics, availability of trained medical professionals, presence of well-developed healthcare infrastructure, rise in healthcare awareness and high prevalence of uveitis. On the other hand, the Asia-Pacific Uveitis Treatment Market is predicted to register the fastest growth with highest CAGR of 6.0% during the forecast period 2019-2026. The regional growth is attributed to high population base in the region, increase in demand for uveitis therapeutics and growth in prevalence of uveitis treatment systems.
Key Players Insights
Santen Pharmaceutical Co., Ltd., Novartis AG, Mylan N.V., EyePoint Pharmaceuticals, Inc., Clearside Biomedical, Inc., Bausch Health Companies Inc. (Bausch & Lomb Incorporated), Amgen Inc., Allergan Plc., Alimera Sciences, Inc. and AbbVie Inc. are some major key players included in the research study of the global uveitis treatment market. The market players are adopting various competitive strategies to withhold the majority of the market share in the forecast period.
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Keywords: Uveitis Treatment Market