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Panuveitis Treatment Market Forecast 2024-2033 - Major Trends, Segments And Fastest Growing Regions
Panuveitis Treatment Global Market Report 2024
According to The Business Research Company's, The panuveitis treatment market size has grown rapidly in recent years. It will grow from $3.6 billion in 2023 to $3.98 billion in 2024 at a compound annual growth rate (CAGR) of 10.7%. The growth in the historic period can be attributed to increased prevalence of uveitis, increased awareness and early diagnosis, improved drug delivery systems, patient advocacy initiatives, government support and regulatory approvals..
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..
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Market Drivers and Trends:
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.
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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Major Key Players of the Market:
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.
Panuveitis Treatment Market 2024 Key Insights:
• The Panuveitis Treatment Market is expected to grow to $5.74 billion in 2028 at a compound annual growth rate (CAGR) of 9.6%.
• Elevated Prevalence Of Eye-Related Diseases Fuels Growth In The Panuveitis Treatment Market
• Clearside Biomedical Inc. Revolutionizes Panuveitis Treatment With Innovative Xipere Product
• North America was the largest region in the panuveitis treatment market in 2023. The regions covered in the panuveitis treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
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