Press release
The Uveitis Market to foray into digital innovation, witnessing a CAGR of 6.9%
Uveitis is a condition characterized by inflammation of the uvea, which is the middle layer of the eye. It can lead to vision loss or blindness if left untreated. Uveitis can be caused by a variety of factors, including autoimmune disorders, infections, and trauma. The treatment options for uveitis include corticosteroids, immunosuppressants, and biologic agents.Market Overview:
The global uveitis treatment market was valued at more than US$ 460 Mn in 2015 and was estimated to cross US$ 495 Mn by 2016 end, registering a Y-o-Y growth rate of 6.5%. The market is expected to reach beyond US$ 840 Mn by the end of 2024, reflecting a CAGR of 6.9% over the forecast period (2016-2024).
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Company Profiles:
Allergan, Inc.
Novartis AG
Bausch Health Inc.
AbbVie Inc.
Eyegate Pharmaceuticals, Inc.
Alimera Science Inc.
EyePoint Pharmaceuticals
Santen Pharmaceuticals
Drivers and Restraints:
The global uveitis market is driven by various factors such as the increasing prevalence of uveitis, growing research and development activities, and the availability of advanced treatment options. The rising prevalence of autoimmune disorders and infections, which are the major causes of uveitis, is driving the demand for uveitis treatment. Moreover, the increasing geriatric population is also expected to drive the growth of the uveitis market. Additionally, the rise in research and development activities and the availability of advanced treatment options such as biologic agents are also contributing to the growth of the uveitis market.
The global uveitis market also faces several challenges that are hindering its growth. One of the major challenges is the side effects associated with the long-term use of corticosteroids, which is the most commonly used treatment for uveitis. The side effects include cataracts, glaucoma, and systemic infections. Moreover, the high cost of treatment and lack of awareness about the disease among the general population, particularly in developing countries, are also restraining the growth of the uveitis market. The limited availability of healthcare facilities in rural areas also poses a challenge for the growth of the uveitis market.
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Global Uveitis Treatment Market: Segmentation
By Treatment Type
Corticosteroids
Immunosuppressant
Monoclonal Antibodies
Cycloplegic Agents
Antibiotics
Antivirals
Antifungal
Analgesics
By Disease Type
Anterior Uveitis
Posterior Uveitis
Intermediate Uveitis
Panuveitis
By Cause
Infectious Uveitis
Non-infectious Uveitis
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Drug Stores
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