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Neurotrophic Keratitis Treatment Market Outlook 2024: Exclusive Report By The Business Research Company | Eyevance Pharmaceuticals LLC, Grand Pharma Co. Ltd., Walgreen Co., Pfizer Inc., Johnson and Johnson, Bayer AG
Neurotrophic Keratitis Treatment Market Characteristics
The Business Research Company offers in-depth market insights through Neurotrophic Keratitis Treatment Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
The neurotrophic keratitis treatment market size has grown strongly in recent years. It will grow from $4.7 billion in 2023 to $5.1 billion in 2024 at a compound annual growth rate (CAGR) of 8.5%. The growth in the historic period can be attributed to increased diagnoses, increasing injury and surgical procedures, rising research and development, global healthcare infrastructure.
The neurotrophic keratitis treatment market size is expected to see strong growth in the next few years. It will grow to $6.82 billion in 2028 at a compound annual growth rate (CAGR) of 7.6%. The growth in the forecast period can be attributed to educational initiatives, increasing clinical trials, advanced therapies, regulatory approvals. Major trends in the forecast period include improved diagnostic tools, digital health solutions, neuroprotection strategies, advanced ocular surface imaging.
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Market Segmentation:
The main types of neurotrophic keratitis treatment are topical antibiotics, recombinant human nerve growth factor (rhNGF), amniotic membrane transplantation, keratoplasty, and others. Topical antibiotics refer to antimicrobial medications that are applied directly to the surface of the skin or mucous membranes. It is consumed through a variety of administrations, such as oral, topical, and others for several applications including stage I, stage II, and stage III neurotropic keratitis by various end-users such as hospitals, homecare, specialty clinics, and others.
Major Driver - Rising Prevalence Of Eye Diseases Fuels Growth In The Neurotrophic Keratitis Treatment Market
The growing prevalence of eye diseases is expected to propel the growth of the neurotrophic keratitis treatment market going forward. Eye diseases are a wide range of medical problems and disorders that affect the structure and function of the eyes. Neurotrophic keratitis can aid in the improvement of corneal sensation, the promotion of healing, the prevention of infection, and the relief of pain and suffering. For instance, in March 2022, according to the reports shared by Eye Care One, a US-based eyecare career development services platform, it was estimated that 35 million US people will suffer from dry eye disease (DED) in 2022 and the prevalence will rise yearly. Furthermore, in March 2021, according to the Eyes of the World Foundation, a Spain-based non-profit organization, there will be 1.1 billion people with vision loss in 2021, which is estimated to increase to 1.7 billion by 2050. Therefore, the growing prevalence of eye diseases is driving the growth of the neurotrophic keratitis treatment market.
Competitive Landscape:
Major players in the neurotrophic keratitis treatment market are Eyevance Pharmaceuticals LLC, Grand Pharma Co. Ltd., Walgreen Co., Pfizer Inc., Johnson and Johnson, Bayer AG, Novartis AG, Abbott Laboratories, Gilead Biosciences Inc., Merck and Co. Inc., Allergan Inc., Alcon Inc., Bausch Health Companies Inc., Bausch & Lomb Inc., CooperVision Inc., Rohto Pharmaceutical Co. Ltd., Santen Pharmaceutical Co. Ltd., Zhejiang Conba Pharmaceutical Co. Ltd., Glenmark Pharmaceuticals Limited, Dompe farmaceutici S.p.A, Aurolab, Ocular Therapeutix Inc., Laboratoires Thea SAS, Leadiant Biosciences Inc., ReGenTree LLC, Contacare Opthalmic Private Limited, Neuroptika Inc., Surgitech Innovation Private Limited.
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Top Trend - Innovative Drug Development Shapes The Landscape Of Neurotrophic Keratitis Treatment Market
Major companies operating in the neurotrophic keratitis treatment market are developing innovative drugs and getting them approved to uphold their market position. Drug development is vital in neurotrophic keratitis treatment as current treatments are limited and there is a need for more effective treatments to prevent the progression of the disease. For instance, in December 2022, BRIM Biotechnology Inc., a Taiwan-based clinical-stage company, received Orphan Drug Designation (ODD) from the U.S. Food and Drug Administration (FDA) for BRM424 for the treatment of neurotrophic keratitis (NK). It is a recombinant type of human nerve growth factor that stimulates the proliferation and differentiation of corneal limbal stem cells to regenerate and restore the cornea's health in patients with neurotrophic keratitis.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Neurotrophic Keratitis Treatment Market Characteristics
3. Neurotrophic Keratitis Treatment Market Trends And Strategies
4. Neurotrophic Keratitis Treatment Market - Macro Economic Scenario
5. Neurotrophic Keratitis Treatment Market Size And Growth
…..
27. Neurotrophic Keratitis Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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