PUBLISHER: Allied Market Research | PRODUCT CODE: 1239517
PUBLISHER: Allied Market Research | PRODUCT CODE: 1239517
The global optic nerve disorder treatment market accounted for $3,372.46 million in 2021, and is expected to reach $5,247.82 million by 2031, registering a CAGR of 4.5% from 2022 to 2031.
The optic nerve of the eye is the second cranial nerve, which helps transmit sensory information to the brain for vision. This nerve develops from optic vesicle of the forebrain during fetal development. Damage to the optic nerve or its pathways that lead to the brain may result in the loss of vision.
Different types of optic nerve disorders are prevalent across the globe such as glaucoma, optic nerve atrophy, optic neuritis and others. Most of these disorders are symptomatically treated. The treatments may not improve vision, but they can help to prevent vision loss that may occur further with the disorder.
It is estimated that optic nerve disorder treatment market is expected to experience significant market growth during the forecast period owing to the increasing geriatric population suffering from eye diseases, the launch of innovative technologies, a boost in healthcare expenditure, and higher government support. In addition, increase in investment by players in R&D and presence of robust pipeline candidates and rise in expenditure on the development of healthcare infrastructure, which further facilitate the growth of the market. However, Dearth of skilled professionals expected to impede the market growth. In contrast, surge in healthcare investments in public as well as private sectors are anticipated to provide significant growth opportunities for the optic nerve disorder treatment market.
The optic nerve disorder treatment market is segmented on the basis of treatment type, indication, distribution channel and region. Depending on treatment type, the market is classified into steroidal therapy, immunomodulators therapy and others treatment type. On the basis of indication, the market is categorized into optic neuritis, glaucoma, optic nerve atrophy and others. By distribution channel, the market is classified into hospital pharmacies, drug stores, retail pharmacies and online providers.
Region wise, the market is analyzed across North America (the U.S., Canada, and Mexico), Europe (Germany, France, the UK, Italy, Spain, and rest of Europe), Asia-Pacific (Japan, China, Australia, India, South Korea, and rest of Asia-Pacific), and LAMEA (Brazil, South Africa, Saudi Arabia, and rest of LAMEA).
The report provides a comprehensive analysis of the key players that operate in the global optic nerve disorder treatment market. The key companies profiled in the report include AbbVie Inc., Alcon Inc, Bausch Health Companies, Inc., Cipla Ltd., Mallinckrodt pharmaceuticals, Merck & Co., Inc., Novartis AG, Pfizer, Inc., Santen Pharmaceutical Co., Ltd., Teva pharmaceutical industries ltd.