Press release
Glaucoma Market to Reach USD 13.43 Billion by 2034, Growing at a CAGR of 4.5%
Glaucoma MarketThe glaucoma market size was valued at USD 8.68 billion in 2024. It is anticipated to generate an estimated revenue of USD 13.43 billion by 2034, according to the latest study by Polaris Market Research. Besides, the report notes that the market exhibits a robust CAGR of 4.5% over the forecasted timeframe, 2025-2034.
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Market Scope
Glaucoma is an eye condition that injures the optic nerve. This injury can cause vision forfeiture or blindness. The optic nerve dispatches visual information from the eye to the brain and is important for good vision. The optic nerve damage is frequently connected to high pressure in the eye. However, glaucoma can exist with normal eye pressure. It occurs usually in elderly people aged 60 and above. Many configurations of glaucoma have no caution signs. The impact is so moderate that one may not observe an alteration in vision until it is in its conclusive phase.
The injury created by glaucoma cannot be backpedaled. But cure and consistent checkups can assist retard or prohibit vision loss, particularly if the illness is detected in early phases. Cure of glaucoma targets to lessen intraocular pressure (IOP). Cure alternatives involve oral medicines, prescription eye drops, laser treatment surgery, or a merger of perspectives.
Market Drivers
Growing Elderly Population: The growing elderly population globally is a prominent factor driving the glaucoma market expansion. Aging notably escalates the probability of advancing glaucoma, an advanced eye illness that can cause vision loss if left uncured. Thus, the demand for productive diagnostic instruments, progressive treatment alternatives, and prolonged disease-handling solutions is surging.
Advanced Therapeutics and Treatments: The initiation of contemporary pharmacological cures and surgical processes has notably influenced market advancements. Inventive therapies involving assisted release drug conveyance systems and minimally invasive glaucoma surgeries (MIGS) provide enhanced patient results.
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Competitive Landscape
The market is pushed by the accountable existence rate of glaucoma, together with the recent comprehension that prevails about the illness. Some of the prominent players operating in the market include:
Aerie Pharmaceuticals, Inc.
Alcon Inc.
Allergan plc
Bausch & Lomb Incorporated
EyePoint Pharmaceuticals, Inc.
Glaukos Corporation
Hoya Corporation
Merck & Co., Inc.
Nicox S.A.
Novartis AG
Ocular Therapeutix, Inc.
Pfizer Inc.
Santen Pharmaceutical Co., Ltd.
Sun Pharmaceutical Industries Ltd.
Teva Pharmaceutical Industries Ltd.
Recent Developments in the Glaucoma Industry
February 2025 - Alcon
In February 2025, Alcon, a global leader in eye care, announced the U.S. launch of Voyager DSLT, a groundbreaking treatment designed specifically for glaucoma and ocular hypertension. This innovative therapy represents a significant advancement in the management of these conditions, offering patients a new, effective option for improving eye health and preventing vision loss.
March 2023 - Novartis
In March 2023, Novartis entered into a partnership with the Philippine Glaucoma Society to raise awareness about glaucoma and the importance of regular eye examinations. This collaboration is focused on promoting early detection and improving treatment outcomes for glaucoma patients in the Philippines, contributing to better eye care and long-term visual health in the region.
Market Segmentation
By Disease Type Outlook (Revenue - USD Billion, 2020-2034)
Open Angle Glaucoma
Angle Closure Glaucoma
Others
By Drug Class Outlook (Revenue - USD Billion, 2020-2034)
Prostaglandins Analogs
Beta-blockers
Adrenergic Agonists
Carbonic Anhydrase Inhibitors
Others
By Distribution Channel Outlook (Revenue - USD Billion, 2020-2034)
Hospital Pharmacy
Retail Pharmacy
Online Pharmacy
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Regional Overview
The glaucoma market report offers detailed insights into the market landscape, which is further categorized into sub-regions and specific countries.
North America accounted for the largest share in 2024 due to the region's entrenched healthcare framework and progressive medical technologies easing productive detection and cure of glaucoma.
Asia Pacific is experiencing rapid growth due to growing healthcare disbursement and enhanced obtainability of medical services.
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Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for PMR's clientele spread across different enterprises. We at Polaris are obliged to serve PMR's diverse customer base present across the industries of healthcare, technology, semiconductors, and chemicals among various other industries present around the world. We strive to provide PMR's customers with updated information on innovative technologies, high-growth markets, emerging business environments, and the latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced, and extremely qualified team of experts comprising SMEs, analysts, and consultants, we at Polaris endeavor to deliver value-added business solutions to PMR's customers.
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