In Uveitis Drug Market report, a systematic investment analysis has been performed which forecasts impending opportunities for the market players. The statistical and numerical data that has been included in this market report is represented with the tables, graphs and charts which eases the understanding of facts and figures. A proficient data and excellent forecasting techniques used in this report are synonymous with accurateness and correctness. Uveitis Drug Market report is a painstaking analysis of existing scenario of the market which covers several market dynamics. The market study of this global Uveitis Drug Market business report takes into consideration market attractiveness analysis where each segment is benchmarked based on its market size, growth rate & general attractiveness.
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Global uveitis drug market is rising gradually to an estimated value of USD 736.99million by 2026 registering a substantial CAGR of 7.2% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing awareness and concerns regarding the health of patients, increasing prevalence of chronic diseases such as trauma to the eye, rheumatoid arthritis, increasing personal disposable income, and high expenditure in healthcare sector and favorable government regulation.
Few of the major competitors currently working in the global uveitis drug market are Xoma, Eye oint harmaceuticals, Novartis AG, Allergan, Enzo iochem Inc, Abbvie IncBausch & Lomb Pvt Ltd, Topivert Ltd, Santen harmaceutical Co., Ltd, Pfizer Inc, Johnson & Johnson Services, Inc, Regeneron Pharmaceuticals, Inc, Hanall Biopharma, Daiichi sankyo company, limited, Alphamab Co. Ltd, Coherus BioSciences, Captisol, Clearside Biomedical, Eyegate, Eyevensys.
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Market Definition: Global Uveitis Drug Market
Uveitis is the inflammatory diseases of the eye that produces swelling and damage the surrounding tissue of uvea, the middle layer of the eye that consist of choroid, ciliary body and iris. These diseases are not only limited to uvea but also affect the other eye parts like lens, retina and optic nerve producing slightly reduce vision or vision loss. A person with uveitis experiences blurred vision, dark, floating spots in the vision (floaters), eye pain, redness of the eye, sensitivity to light (photophobia) depending upon the type of inflammation.
Segmentation: Global Uveitis Drug Market
Uveitis Drug Market : By Type
- Anterior uveitis
- Intermediate uveitis
- Posterior uveitis
Uveitis Drug Market : By Mechanism of Action Type
- Calcineurin inhibitors
- Alkylating agents
- T cell inhibitor
- Intracameral Tissue Plasminogen Activator (TPA)
Uveitis Drug Market : By Route of Administration
Uveitis Drug Market : By End Users
- Specialty clinics
- Surgical centers
Uveitis Drug Market : By Geography
- North America
- South America
- Middle East & Africa
Uveitis Drug Market Drivers
- The global uveitis drug market is witnessing substantial growth due to increased aging population
- Growing prevalence of uveitis and related complications
- Introduction of innovative biologics, fast-track approval of pipeline drugs, increasing research and development investments in drug discovery and development
- Rising government initiatives to minimize eye disorders are also driving the growth of the global uveitis drug market
- Introduction of new routes for drug administration that improves the efficiency of the drug
- With the advancement of molecular biology, some intravitreal implants and biologic agents are increasingly used for the treatment of uveitis
- By the development of molecular biology, more therapeutic agents and approaches have been applied to control ocular inflammation caused by uveitis, which are expected to have a positive influence on the uveitis drug market
Key Developments in the Uveitis Drug Market
- In October 2018, Eyepoint Pharmaceuticals received approval from the FDA for the fluocinolone acetonide intravitreal implant (Yutiq) for the treatment of chronic non-infectious uveitis that affects the posterior segment of the eye, as it delivers consistent dosing without the peaks
- In July 2016, Abbvie Inc received approval for the drug Humira (adalimumab) non-corticosteroid therapy for non-infectious intermediate, posterior and panuveitis, as it shows early results of treatment when compared to other medications and it is the first approved biologic medication for uveitis
Uveitis Drug Market Restraints
- The adverse effects related to uveitis treatment medication such as watery eyes, irritation and other factors
- Poor primary healthcare infrastructure
- Lack of awareness about eye disorders and lack of health insurance in developing countries are also obstructing the uveitis treatment market
Key benefits of buying the Uveitis Drug Market Report:
This Uveitis Drug Market report will enable both of the sides in market be an established firm or a relative new entrant. It helps the established firms to know about the moves which are being performed by their competitors and also helps the new entrants by educating them about the market situations and the industry trends. This Uveitis Drug Market report is quite fruitful in helping to understand the market definition and all the aspects of the market including the CAGR value and key profiles.
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