Press release
Global iris melanoma treatment market 2020-2027 Major Players Hitting the Reset Button || Aura Biosciences, Inc, PROVECTUS BIOPHARMACEUTICALS, INC, Castle Biosciences, Inc, AstraZeneca, Novartis AG
Global iris melanoma treatment market
iris melanoma treatment market is expected to grow at a steady CAGR in the forecast period of 2019-2026. Growing incidence ocular surface injuries as it can contribute to the iris melanoma and development of advanced therapies and treatment are the key factors for market growth
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Market Definition:
Iris Melanoma is a malignancy that belongs to the group of uveal melanoma in which cancer is originates from the Irish of the eye. People with iris melanoma usually develop blurred vision, vision loss, and redness of the eye.
Key Developments in the Market:
In February 2019, PROVECTUS BIOPHARMACEUTICALS, INC received an Orphan Drug designation from the US FDA for PV-10, an oncolytic immunotherapy for the treatment of eye melanoma including melanoma of iris, ciliary body and choroid. With this designation, company can obtain financial incentives along with seven years of market exclusivity following marketing approval, tax credits on U.S. clinical trials and waiver of certain administrative fees.
In March 2017, Aura Biosciences, Inc received Fast Track designation from the US FDA for AU-011; viral nanoparticle conjugates for the treatment of ye melanoma including melanoma of iris, ciliary body and choroid. With this designation, enables the company to accelerate the development process which helps patients to have access on the treatment as quickly as possible.
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Key Market Players:
Few of the major competitors currently working in the global iris melanoma treatment market are Aura Biosciences, Inc, PROVECTUS BIOPHARMACEUTICALS, INC, Castle Biosciences, Inc, AstraZeneca, Novartis AG, F. Hoffmann-La Roche Ltd, Pfizer Inc, Amneal Pharmaceuticals LLC, Zydus Cadila, Sun Pharmaceutical Industries Ltd, Hikma Pharmaceuticals PLC, Mylan N.V., Fresenius Kabi AG, Vintage Labs, Jubilant Life Sciences Ltd and others
Market Drivers
Vulnerable aging population who are at risk of developing Iris Melanoma is drive the market
Huge financial support to the researchers for developing novel intervention is boosting the market growth
High demand of disease specific novel treatment can also act as a market driver
Advancement in treatment such as cellular therapy can improve the vision is also act as factors that drive the market
Market Restraints
Treatment by Surgery may alter the appearance and function of the eye can threats the patients is also acting as a challenging factor for the growth of this market
Low healthcare budget in some developing countries is hamper the market growth
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Reasons to Purchase this Report
Current and future of global iris melanoma treatment market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market player
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Data Bridge Market Research
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