Press release
Glaucoma Market Is Projected To Grow At An 6.06% CAGR From 2023 To 2033, Driven By The Rising Trend Of Combination Therapies.
Global Glaucoma Market Size
Glaucomas are essential components in photovoltaic systems because they protect solar panels from overcurrent, overvoltage, and potential damage. An overcurrent is an abnormal flow of power that can be caused by lightning strikes, short circuits, or faulty devices. The glaucoma employs a conductor that melts when exposed to high currents. It is critical for consultants and industry professionals to understand the rapidly expanding glaucoma market. The growing adoption of renewable energy sources, combined with increased government incentives and policies encouraging solar energy generation, is expected to propel the market even further. Furthermore, rising demand for solar energy is expected to propel market growth worldwide. An increase in the installation of solar panels on building rooftops, combined with technological advancements in solar systems, is expected to boost market growth globally. However, the market faces challenges such as the high cost of solar PV systems, a scarcity of land for solar installations, and the lack of consistent regulations across different regions.
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The open angle glaucoma segment is anticipated to hold the greatest share of the global glaucoma market during the projected timeframe.
Based on the type, the global glaucoma market is divided into angle closure glaucoma and open angle glaucoma. Among these, the open angle glaucoma segment is anticipated to hold the greatest share of the global glaucoma market during the projected timeframe. The segment is expected to grow significantly due to its prevalence in North America and Europe, aging populations, and increased awareness, with less concern in Asia.
The tonometry segment is anticipated to grow at the fastest pace in the global glaucoma market during the projected timeframe.
Based on the diagnosis, the global glaucoma market is divided into tonometry, ophthalmoscopy, perimetry, and gonioscopy. Among these, the solar photovoltaic system segment is anticipated to grow at the fastest pace in the global glaucoma market during the projected timeframe. The segment is expected to grow due to its widespread use as a primary IOP screening tool, advancements in technology, and increasing glaucoma prevalence and early detection.
The ophthalmic clinics segment is anticipated to grow at the fastest pace in the global glaucoma market during the projected timeframe.
Based on the end-user, the global glaucoma market is divided into hospitals, ophthalmic clinics, and ambulatory surgical centers. Among these, the ophthalmic clinics segment is anticipated to grow at the fastest pace in the global glaucoma market during the projected timeframe. Specialized eye care facilities are driving market development, offering tailored services, advanced diagnostic tools, and personalized treatment plans, enhancing patient satisfaction and outcomes.
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North America is expected to hold the largest share of the global glaucoma market over the forecast period.
North America is expected to hold the largest share of the global glaucoma market over the forecast period. The US is poised to dominate the global glaucoma market due to its advanced healthcare infrastructure, early detection technologies, and increased awareness through regular screenings.
Asia Pacific is predicted to grow at the fastest pace in the global glaucoma market during the projected timeframe. The region's glaucoma market is expected to grow rapidly due to factors like the aging population, increased healthcare costs, improved access to advanced diagnostics, and growing awareness.
Major vendors in the Global Glaucoma Market include Glaukos Corporation, Nicox Ophthalmics, Bausch + Lomb Corporation, Pfizer Inc., Sun Pharma Advanced Research Company Limited (SPARC), Teva Pharmaceuticals Industries Ltd., Alcon Inc., Novartis AG, Akron Operating Company LLC, AbbVie, Inc., TearClear, Ono Pharmaceutical, Santen Pharmaceutical Co., Ltd., Thea Pharma, Visiox Pharma, and Others.
Recent Developments
In May 2024, Wilmington Eye introduces iDose TR 75 mcg, an FDA-approved treatment for open-angle glaucoma or ocular hypertension, providing continuous, long-term drug therapy directly inside the eye.
Key Target Audience
Market Players
Investors
End-users
Government Authorities
Consulting And Research Firm
Venture capitalists
Value-Added Resellers (VARs)
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Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the Global Glaucoma Market based on the below-mentioned segments:
Global Glaucoma Market, By Type
Angle Closure Glaucoma
Open Angle Glaucoma
Global Glaucoma Market, By Diagnosis
Tonometry
Ophthalmoscopy
Perimetry
Gonioscopy
Global Glaucoma Market, By End-User
Hospitals
Ophthalmic Clinics
Ambulatory Surgical Centers
Global Glaucoma Market, Regional
North America
US
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Russia
Rest of Europe
Asia Pacific
China
Japan
India
South Korea
Australia
Rest of Asia Pacific
South America
Brazil
Argentina
Rest of South America
Middle East & Africa
UAE
Saudi Arabia
Qatar
South Africa
Rest of the Middle East & Africa
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About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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