Press release
Advancements in Panuveitis Treatment Market 2024: Size, Share, Growth, and Competitive Landscape
The panuveitis treatment market size is expected to see strong growth in the next few years. It will grow to $5.74 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%. The growth in the forecast period can be attributed to personalized medicine approaches, emerging therapeutic modalities, focus on patient-centric care, global health preparedness, precision medicine initiatives, healthcare policy changes.. Major trends in the forecast period include combination therapies for synergistic effects, telemedicine and remote monitoring, advancements in imaging technologies, integration of artificial intelligence, global collaborations in research..
Market Overview -
Panuveitis is a severe inflammation of all layers of the eye's uvea, including the iris, ciliary body, and choroid, which can affect the retina, vitreous humor, optic nerve, or eye lens. Panuveitis treatment is essential to reduce inflammation, alleviate symptoms, and prevent vision loss or complications associated with the disease.
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Elevated Prevalence Of Eye-Related Diseases Fuels Growth In The Panuveitis Treatment Market
The increasing prevalence of eye-related diseases is expected to propel the growth of the panuveitis treatment market going forward. Eye-related diseases, also known as ocular diseases or eye conditions, are medical conditions that affect the health and function of the eyes. Panuveitis treatment reduces inflammation, prevents complications, and improves the quality of life for patients suffering from eye diseases. For instance, in December 2022, according to the Centers for Disease Control and Prevention (CDC), a US-based public health agency, 20.5 million Americans over 40 had at least one cataract. Additionally, it is anticipated that approximately 30 million people will have cataract eye disease by 2028. Therefore, the increasing prevalence of eye-related diseases drives the panuveitis treatment market.
Competitive Landscape -
Major companies operating in the panuveitis treatment market report are Pfizer Inc., Johnson and Johnson Pvt. Ltd., Bausch Health Companies Inc., AbbVie Inc., Novartis AG, Bristol-Myers Squibb Company, Hoffmann-La Roche Ltd., Allergan Inc., Teva Pharmaceutical Industries Ltd., Regeneron Pharmaceuticals Inc., Daiichi Sankyo Company Ltd., Horizon Therapeutics plc, Hikma Pharmaceuticals PLC, Santen Pharmaceutical Co. Ltd., Jubilant Life Sciences Ltd., HanAll Biopharma Inc., Xbrane Biopharma AB, Alimera Science Inc., Ocular Therapeutix Inc., EyeGate Pharmaceuticals Inc., Eyepoint Pharmaceuticals Inc., Graybug Vision Inc., Xoma Corporation, Tarsier Pharma Ltd., Vintage Labs Pvt. Ltd., Icon Bioscience Inc., Aciont Inc., Clearside Biomedical Inc., Aldeyra Therapeutics Inc.
Clearside Biomedical Inc. Revolutionizes Panuveitis Treatment With Innovative Xipere Product
Major companies operating in the panuveitis treatment market are focusing on developing innovative products such as Xipere to provide reliable services to their customers. Xipere (triamcinolone acetonide) is a corticosteroid injected suprachoroidally for treating macular oedema brought on by eye inflammation. For instance, in February 2022, Clearside Biomedical Inc., a US-based biopharmaceutical company that specializes in developing innovative drug delivery solutions for the treatment of eye diseases, launched Xipere for the treatment of macular edema associated with uveitis and panuveitis in the United States. Xipere is the first approved therapy that contains triamcinolone acetonide, which is a corticosteroid medication that is sterile, free of preservatives, and designed for suprachoroidal administration utilizing Clearside's patented microinjector for the suprachoroidal space (SCS).
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Key Segments -
The panuveitis treatment market covered in this report is segmented -
1) By Drug Class: Anti-Inflammatory, Antimicrobial Drugs, Immunotherapy And Targeted Therapies
2) By Route of Administration: Oral, Topical
3) By End Users: Hospitals, Home Care, Specialty Clinics, Other End Users
Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics
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