Ocular Hypertension Treatment: Introduction
- Ocular hypertension is caused by poor drainage of the fluid inside the eye. Essentially, this means that too much fluid enters the eye without being drained, causing high amount of pressure to build up.
- An injury to the eye, certain diseases, and some medications could raise eye pressure
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Key Drivers of Global Ocular Hypertension Treatment Market
- Increase in incidence of ophthalmic diseases and constant rise in the geriatric population that is highly susceptible to eye disorders drive the global ocular hypertension treatment market
- Eye-related disorders have emerged as potential threats to the populations in all middle-income and industrialized countries. Leading causes of vision impairment include uncorrected refractive errors, cataract, age-related macular degeneration, glaucoma, diabetic retinopathy, corneal opacity, and trachoma. Among these, cataract and uncorrected refractive errors are the most frequent and leading causes of blindness across the world.
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- According to the World Health Organization, an estimated 1.3 billion people were living with some form of vision impairment globally in 2018. According to CDC report, nearly 20.5 million (17.2%) people in the U.S. aged 40 years and above have cataract in one or both eyes, and 6.1 million (5.1%) have had their lens removed operatively. The total number of people who have cataract is projected to increase to 30.1 million by 2024.
- Rise in awareness among people and increase in government initiatives for vision care management are anticipated to drive the global ocular hypertension treatment market
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Intraocular Hypertension Segment to Dominate Global Market
- In terms of type, the global ocular hypertension treatment market can be bifurcated into intraocular hypertension and glaucoma
- The intraocular hypertension segment is expected to dominate the global market during the forecast period due to high prevalence of intraocular hypertension
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Oral Segment to Lead Global Market
- Based on route of administration, the global ocular hypertension treatment market can be classified into oral, parenteral, and others
- The oral segment is likely to dominate the global market during the forecast period due to safety, good patient compliance, ease of ingestion, and no pain
Hospitals to be Highly Lucrative Segment
- In terms of end-user, the global ocular hypertension treatment market can be categorized into hospitals, specialty clinics, and others
- The hospitals segment is projected to account for major share of the global ocular hypertension treatment market by 2030 due to a large number of patients treated in hospitals for ocular hypertension treatment
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North America to Offer Significant Opportunities in Ocular Hypertension Treatment Market
- In terms of region, the global ocular hypertension treatment market can be segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
- North America dominated the global ocular hypertension treatment market in 2019. Availability of patient assistance programs and increase in research & development activities for the development of novel therapies are anticipated to drive the ocular hypertension treatment market in North America.
Key Players Operating in Global Ocular Hypertension Treatment Market
The global ocular hypertension treatment market is highly fragmented, with the presence of international and local players.
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