Key Open-Angle Glaucoma (OAG) Market Driver for 2025-2034: Growing Awareness Of Eye Illnesses Drives Growth In The Market

"What Is the Future Outlook for the Open-Angle Glaucoma (OAG) Market's Size and Growth Rate?
In recent times, the market size for open-angle glaucoma (OAG) has seen strong growth. It's projected that it will increase from $6.13 billion in 2024 to $6.55 billion in 2025, registering a compound annual growth rate (CAGR) of 6.8%. Several factors have contributed to the growth experienced in the historic period. These include an increased occurrence of glaucoma in aging populations, a growing awareness about the importance of early diagnosis of eye diseases, a surge in healthcare spending, government-backed vision care initiatives, and the global expansion of ophthalmology practices.

In the coming years, the market for open-angle glaucoma (OAG) is projected to experience significant expansion, with an estimation to reach $8.42 billion in 2029 at a CAGR of 6.5%. Contriutory factors to this growth in the prediction period include the burgeoning demand for combined treatments, an enhanced focus on customized healthcare, refinements in reimbursement policies for glaucoma procedures, an increasing number of lifestyle-related eye conditions, and a growing preference for non-invasive diagnostic techniques. Noteworthy trends throughout the forecast period encompass an increased reliance on AI in glaucoma diagnosis, a lean towards outpatient glaucoma surgical processes, rising application of long term-release glaucoma implants, an increasing merging of wearable technology for tracking intraocular pressure, and amplified emphasis on sustainability in the production of medical devices.

What Is Stimulating Growth in the Open-Angle Glaucoma (OAG) Market?
The increasing understanding and recognition of eye diseases are anticipated to stimulate the expansion of the open-angle glaucoma (OAG) market in the future. Eye diseases encompass a spectrum of medical ailments that affect the eye's structure, function, or vision, varying from minor issues like dry eye, to severe disorders such as glaucoma and macular degeneration. Factors like aging demographics, extended screen time, a rise in diabetes instances, environmental contamination, and lifestyle habits affecting eye health contribute to their increasing prevalence. Open-angle glaucoma (OAG), particularly among elderly people, is a significant cause of blindness, emphasizing the importance of regular eye check-ups, early detection, and preemptive treatment to prevent permanent vision impairment. As an example, The Royal National Institute of Blind People (RNIB), a sight loss charity based in the UK, reported in October 2023 that eye care outpatient appointments in the UK hit a record-high of over eight million in 2021/22, making it the most sought-after specialty. Moreover, the Vision loss populace, presently exceeding two million, is expected to inflate to more than four million by 2050. Consequently, as people become more aware of eye diseases, there is an uptick in the open-angle glaucoma (OAG) market's growth.

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Which Key Market Leaders Are Driving Open-Angle Glaucoma (OAG) Industry Growth?
Major companies operating in the open-angle glaucoma (OAG) market are Pfizer Inc., Merck & Co. Inc., AbbVie Inc, Novartis AG, Amgen Inc., Teva Pharmaceutical Industries Ltd., Boston Scientific, Alcon Inc., Bausch Health Companies Inc., Hoya Corporation, Sun Pharmaceutical Industries Ltd., Santen Pharmaceuticals, Mallinckrodt Pharmaceuticals, Théa Pharma, Glaukos Corporation, Quantel Medical, EyePoint Pharmaceuticals Inc., iSTAR Medical, Nicox Ophthalmics, Visus Therapeutics, Peregrine Eye Laser and Institute, Inotek Pharmaceuticals

Which Key Developments Are Influencing the Open-Angle Glaucoma (OAG) Market?
Key players in the open-angle glaucoma (OAG) market are focusing on the creation of ground-breaking solutions, like minimally invasive glaucoma devices (MIGDs), in order to introduce less invasive and modern means of treating primary open-angle glaucoma, lessening dependence on traditional treatments. A minimally invasive glaucoma device (MIGD) is a broad term for surgical techniques and implants, designed to decrease intraocular pressure in glaucoma patients using minor incisions that cause minimal disturbance to ocular tissues. For example, iSTAR Medical, a Belgian medtech firm, introduced MINIject in the Netherlands in December 2023. This pioneering treatment for primary open-angle glaucoma uses a distinctive porous STAR material to improve fluid outflow and decrease IOP. MINIject, by reducing the need for traditional therapies, signifies a major advancement in glaucoma treatment, presenting a safer and more efficient management option for this main cause of irreversible blindness.

What Are the Main Segments in the Open-Angle Glaucoma (OAG) Market?
The open-angle glaucoma (OAG) market covered in this report is segmented -

1) By Disease Type: Open Angle Glaucoma, Angle Closure Glaucoma, Other Disease Type
2) By Drug Class: Prostaglandin Analog, Beta Blockers, Adrenergic Agonist, Carbonic Anhydrase Inhibitors, Others Drug Class
3) By End User: Hospitals, Homecare, Specialty Clinics, Other End Users
4) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy

Subsegments:
1) By Open Angle Glaucoma (OAG): Primary Open-Angle Glaucoma (POAG), Secondary Open-Angle Glaucoma
2) By Angle Closure Glaucoma: Acute Angle-Closure Glaucoma, Chronic Angle-Closure Glaucoma
3) By Other Disease Type: Normal-Tension Glaucoma, Congenital Glaucoma, Secondary Glaucoma

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Which Geographic Area Leads the Open-Angle Glaucoma (OAG) Market?
North America was the largest region in the open-angle glaucoma (OAG) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the open-angle glaucoma (OAG) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Is Covered In The Open-Angle Glaucoma (OAG) Global Market Report?

- Market Size Analysis: Analyze the open-angle glaucoma (oag) Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the open-angle glaucoma (oag) Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the market.
- Market Contribution: Evaluate contributions of different segments to the overall open-angle glaucoma (oag) market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the open-angle glaucoma (oag) market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

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