Glaucoma Therapeutics Market 2023 Size, Share, Current Trends, Growth Analysis and Plans, Investment and Forecast to 2031

The Glaucoma Therapeutics Market was valued at US$ 6.24 billion in 2023 and is expected to reach US$ 8.02 billion by 2031; it is estimated to record a CAGR of 3.2% during 2023-2031.

Key factors driving the market growth are the growing prevalence of glaucoma, rising awareness and early diagnosis of the disease, and increasing product launches are expected to drive the market growth. However, compliance issues with medication regimens and the high cost of treatments hinder the glaucoma therapeutics market growth.

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Analysis of the Top Market Players:

1. Fera Pharmaceuticals
2. GlaxoSmithKline plc
3. Bristol Myers Squibb
4. Eli Lilly and Company
5. Amgen
6. MannKind Corporation
7. Sangamo Therapeutics
8. SciClone Pharmaceuticals, Inc.
9. Critical Therapeutics, Inc.
10. Takeda Pharmaceutical Company

In this report, the market has been segmented on the basis of:

Drug Class
• Beta Blockers
• Alpha Adrenergic Agonists
• Prostaglandins Analogues
• Carbonic Anhydrase Inhibitors
• Combination Drugs

Indication
• Open Angle Glaucoma
• Angle Closure Glaucoma

Distribution Channel
• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

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Market Trends of the Glaucoma Therapeutics Market:

The gradual damage of the optic nerve-typically associated with high pressure inside the eye (intraocular pressure)-predominantly due to aging can lead to a group of eye diseases called Glaucoma, which can eventually result in irreversible blindness. One of the most common treatments for glaucoma is to reduce intraocular pressure by using eye drops. However, patient adherence to these eye drops can be challenging, and inadequate patient education can impede treatment success. Additionally, ocular hypotensive drugs can cause local and systemic side effects that may further complicate the treatment. Rising focus on the development of improved formulations with enhanced stability, longer circulation times, and targeted binding properties is likely to add novel products to the market. Recent advancements in glaucoma therapeutics have revolutionized the available treatments in the market. The use of nanoparticles with suitable structures and superior binding capabilities facilitates the bioavailability and efficacy of the drug.

Sustained-release (SR) implants and other innovative drug delivery systems offer improved patient compliance and reduced side effects compared to conventional eye drops. Several companies are developing SR drug delivery systems as an alternative to topical delivery to potentially overcome barriers in treating POAG. As per the article published in PubMed Central in 2022, the only approved SR therapy for POAG by the Food and Drug Administration (FDA) is Bimatoprost SR (DurystaTM) from Allergan plc. Other SR therapies including bimatoprost ocular ring (Allergan), iDose (Glaukos Corporation), ENV515 (Envisia Therapeutics), OTX-TP (Ocular Therapeutix), OTX-TIC (Ocular Therapeutix), and latanoprost free acid SR (PolyActiva) are under investigation. SR drug delivery technology in POAG management may shift treatment paradigms and dramatically improve outcomes. Therefore, the development of novel drug delivery methods and combination therapies is likely to remain a key

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