The latest Optic Nerve Disorders Treatment Market research report offers a thorough analysis of growth opportunities and development trends until 2030. Using qualitative and quantitative research, it explores market drivers and challenges, providing valuable insights for businesses to make informed decisions and identify growth areas.
Global Optic Nerve Disorders Treatment Market is valued at approximately USD 3.4 billion in 2021 and is anticipated to grow with a healthy growth rate of more than $% over the forecast period 2022-2029.
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Optic Nerve Disorders can be defined as patterns of vision loss that are generally caused by developmental disorders or acquired disorders. Moreover, damage to an optic nerve or its pathways to the brain causes, loss of vision. There are different types of disorders that affect the optic nerve, including Coloboma of optic nerve, Glaucoma, Idiopathic intracranial hypertension, Neuromyelitis optica, Optic nerve atrophy, Optic nerve drusen, Optic nerve pit, Optic neuritis, Septo-optic dysplasia, and Toxic amblyopia (nutritional amblyopia) among others. The increasing incidence of glaucoma and growing number of aging populations are key factors driving the market growth.
The rising number of geriatric individuals is contributing towards the growth of the Global Optic Nerve Disorders Treatment Market. According to the World Bank Group, the world’s old population was 727 million in 2020, and it is predicted to treble over the next three decades, reaching 1.5 billion in 2050. Another important component driving space is growing incidences of glaucoma. For instance – World Glaucoma Association – in 2020, globally around 79.6 million individuals were affected by glaucoma in 2020, and as per projections, this number is likely to increase to 111.8 million individuals in 2040. Also, growing expansion of pharmaceutical and biotechnology industries and rising healthcare spending would create a lucrative growth prospectus for the market over the forecast period. However, the high cost of Optic Nerve Disorders Treatment stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Optic Nerve Disorders Treatment Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. North America dominated the market in terms of revenue, owing to factors such as increase in healthcare spending by the governments of nations in these regions and rise in awareness about optic nerve disorders. Whereas Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as rising geriatric and target populations, and presence of leading market players in the region.
Major market players included in this report are:
Santen Pharmaceutical Co. Limited
Allergan Plc.
Novartis AG
Pfizer, Inc.
Bausch Health Companies, Inc.
Aerie Pharmaceuticals, Inc.
Teva Pharmaceutical Industries Ltd.,
Bionure Farma, S.L.
Mallinckrodt Pharmaceuticals
AdvaCarePharma
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Recent Developments in the Market:
In August 2020, The FDA approved Enspryng (satralizumab-mwge) for the treatment of neuromyelitis optica spectrum disorder (NMOSD) in adults. NMOSD is a rare autoimmune disease of the central nervous system that mainly affects the optic nerves and spinal cord.
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.
The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below.
By Treatment Type
Pharmacological
Surgery
By Indication
Optic Neuritis
Glaucoma
Congenital Optic Atrophy
Optic Neuropathy
Others
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By End-User
Hospitals
Clinics
Ambulatory Surgery Centers
Others
By Region:
North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
RoLA
Rest of the World
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Some Questions Answered in the Optic Nerve Disorders Treatment Market Report:
- What is the projected size of the global Optic Nerve Disorders Treatment market in 2030, and what growth rate is expected?
- What are the primary drivers of growth in the global Optic Nerve Disorders Treatment industry?
- What are the major market trends that are affecting the expansion of the Optic Nerve Disorders Treatment market?
- What obstacles must be overcome in order to achieve sustained growth in the Optic Nerve Disorders Treatment market?
- What opportunities and threats do vendors in the global Optic Nerve Disorders Treatment market face?
- What are the raw materials and manufacturing equipment used in the production of Optic Nerve Disorders Treatment, and what is the manufacturing process?
- What are the different types and applications of Optic Nerve Disorders Treatment, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Optic Nerve Disorders Treatment market?
- What factors are driving the growth of the Optic Nerve Disorders Treatment market in the top regions worldwide?
- Who are the major players in the global Optic Nerve Disorders Treatment market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Optic Nerve Disorders Treatment market?
- What are the main findings of a five forces analysis of the global Optic Nerve Disorders Treatment market?
Here are the key highlights of the report:
- Comprehensive assessments of the market share for Invisible Braces, conducted at both country and regional levels.
- In-depth analysis of the competitive landscape, identifying key trends within the industry.
- Thorough examination of market trends, encompassing product and technology advancements, drivers and barriers, and an analysis based on PORTER’s five forces.
- Strategic recommendations tailored for crucial business segments, leveraging market forecasts.
- Guidance provided for new market entrants, assisting them in navigating the industry landscape.
- Market forecasts encompassing all pertinent segments, sub-segments, and regional markets.
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