Canada Glaucoma Drugs Market 2023 : Projected to Deliver Greater Revenues during the Forecast Period 2028

The Canada Glaucoma market size stood at around USD XX billion in 2019 and is projected to reach USD XX billion by 2028, exhibiting a CAGR of XX% during the forecast period.

Glaucoma is a group of diseases that can damage the eyes optic nerve and result in vision loss. It is also the second leading cause of blindness in Canada. Glaucoma occurs when the normal fluid pressure inside the eyes slowly rises and up to 40 percent of a persons vision can be lost without them even noticing. However, with early treatment, your eyes can be protected against serious vision loss. It is estimated that more than 400,000 Canadians have glaucoma and half of them dont even know they have it. In 2019, the annual cost of glaucoma topical medication in Canada ranged from $86.06 (timolol) to $514.48 (Cosopt - Merck) in Canada with the average brand name costing $306.76 and the average generic costing $143.44.

Market Segmentation

By Drug Class:

Based on the drug class the market is segmented into beta blockers, prostaglandins analogues, alpha adrenergic agonists, carbonic anhydrase inhibitors, combination drugs and others. Prostaglandins Analogues holds the majors market share owing to its efficacy to reduce intraocular pressure and lower side effects while combination drugs hold the highest growth rate.

By Distribution channel:

Based on distribution channel, the market is segmented into retail, hospital and online pharmacies. Hospital pharmacies are the largest segment of the glaucoma medication market while the retail pharmacies market is expected to be the fastest-growing segment.

Major Players

Canada presents rewarding opportunities for the key players operating in the Glaucoma treatment market. In 2019, Bausch + Lomb Announced Health Canada approval of Vyzulta for the treatment of Glaucoma. Vyzulta (latanoprostene bunod 0.024) represents an evolution in topical monotherapy inCanadain the treatment of glaucoma. The major market players of the glaucoma drugs market in Canada are Allergan Plc, Novartis A G, Merck & Co., Pfizer inc., Teva Pharmaceutical Industries etc.

Market Drivers

The increasing prevalence of glaucoma cases among the elderly population will bolster the market growth. The increasing screen time of gadgets such as laptops and smartphones are resulting in the rising incidence of glaucoma. Increasing product launches and products under pipelines will accelerate the growth of this market. Drug recalls can contribute as a restraining factor in the market growth along with devices that offers long term benefits, efficacy, and lower side effects.

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Major Players

Canada presents rewarding opportunities for the key players operating in the Glaucoma treatment market. In 2019, Bausch + Lomb Announced Health Canada approval of Vyzulta for the treatment of Glaucoma. Vyzulta (latanoprostene bunod 0.024) represents an evolution in topical monotherapy in Canada in the treatment of glaucoma. The major market players of the glaucoma drugs market in Canada are Allergan Plc, Novartis A G, Merck & Co., Pfizer inc., Teva Pharmaceutical Industries etc.

The report delivers the challenges in front of the Canada Glaucoma Drugs Market 2023 that allows a better understanding of the market providing a helpful comprehensive evaluation and clear-cut dynamics associated with this market. The analyst has studied the current market scenario while concentrating on the new business objectives with the lucrative opportunities that are available. This report includes changes in customer requirements, customer preferences, and the vendor landscape in the industry with key factors that are expected to influence the overall dynamics of the Canada Glaucoma Drugss Market including the current trends, growth opportunities, restraints, and market drivers.

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Market Segmentation

By Drug Class:

Based on the drug class the market is segmented into beta blockers, prostaglandins analogues, alpha adrenergic agonists, carbonic anhydrase inhibitors, combination drugs and others.  Prostaglandins Analogues holds the majors market share owing to its efficacy to reduce intraocular pressure and lower side effects while combination drugs hold the highest growth rate.

By Distribution channel:

Based on distribution channel, the market is segmented into retail, hospital and online pharmacies. Hospital pharmacies are the largest segment of the glaucoma medication market while the retail pharmacies market is expected to be the fastest-growing segment.

Major Players

Canada presents rewarding opportunities for the key players operating in the Glaucoma treatment market. In 2019, Bausch + Lomb Announced Health Canada approval of Vyzulta for the treatment of Glaucoma. Vyzulta (latanoprostene bunod 0.024) represents an evolution in topical monotherapy in Canada in the treatment of glaucoma. The major market players of the glaucoma drugs market in Canada are Allergan Plc, Novartis A G, Merck & Co., Pfizer inc., Teva Pharmaceutical Industries etc.

The Canada Glaucoma Drugs Market report is an easy-to-understand document giving section-wise details about the global market. Starting with the brief outline of the overall market, it will put forth the all-inclusive evaluated market statistics and different parameters for the forecast period. The report covers numerous aspects of the Canada Glaucoma Drugs market divided into product kind, application, and end-use, offering the report to assist the customers in improving their ability to make precise decisions related to the business under the Canada Glaucoma Drugs Market.

International Market Players will use the correct market facts and figures and applied math studies provided within the report back to perceive this and future growth of the worldwide Electrophoretic Canada Glaucoma Drugs market. Each section of the research study is specially prepared to explore key aspects of the global Canada Glaucoma Drugs Market. Buyers of the report will have access to accurate PESTLE, SWOT, and other types of analysis on the global Canada Glaucoma Drugs market. Moreover, it offers highly accurate estimations on the CAGR, market share, and market size of key regions and countries.

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Strategic Points Covered in Table of Content of Global Canada Glaucoma Drugs Market:

Chapter 1: Introduction, market driving force product Objective of Study and Research Scope the Canada Glaucoma Drugs market
Chapter 2: Exclusive Summary - the basic information of the Canada Glaucoma Drugs Market.
Chapter 3: Displaying the Market Dynamics- Drivers, Trends and Challenges & Opportunities of the Canada Glaucoma Drugs
Chapter 4: Presenting the Canada Glaucoma Drugs Market Factor Analysis, Porters Five Forces, Supply/Value Chain, PESTEL analysis, Market Entropy, Patent/Trademark Analysis.
Chapter 5: Displaying the by Type, End User and Region/Country
Chapter 6: Evaluating the leading manufacturers of the Canada Glaucoma Drugs market which consists of its Competitive Landscape, Peer Group Analysis, BCG Matrix & Company Profile
Chapter 7: To evaluate the market by segments, by countries and by Manufacturers/Company with revenue share and sales by key countries in these various regions
Chapter 8 & 9: Displaying the Appendix, Methodology and Data Source

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