PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397310
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1397310
The worldwide market for Ischemic Optic Neuropathy Treatment is poised for gradual expansion, with the market revenue estimated at US$ 200.6 Mn in 2024, and a projected Compound Annual Growth Rate (CAGR) of 5% expected to reach a valuation of US$ 286.1 Mn by the end of 2031. Several key factors are driving the growth of the market for the treatment of Ischemic Optic Neuropathy.
The increasing aging population and a rising awareness of the importance of early detection to prevent further deterioration of the condition have driven interest in surgical procedures and medications for treating optic nerve disorders, leading to accelerated market growth.
The prevalence of optic nerve disorders is boosting the demand for treatments for these conditions, contributing to market growth. According to the World Health Organization (WHO), over 1.3 billion individuals worldwide suffer from eyesight disorders. Additionally, the growing preference for non-invasive medical procedures in the optometric industry is creating attractive opportunities for market players.
The Ischemic Optic Neuropathy Treatment market is expected to grow further due to increased use of previously approved ocular implants in managing ophthalmology disorders. Leading pharmaceutical and drug manufacturing companies from developed countries are heavily investing in research and development, infrastructure, and advanced ophthalmology therapeutics to capture a share of the growing eye disorder treatment market, further accelerating global market growth.
"Severe Side Effects Associated with High-Dose Corticosteroids Medication": High-dose corticosteroids, commonly used as a first-line treatment for ischemic optic neuropathy, can have severe side effects, including heart attack, kidney failure, lung damage, and more. These side effects can adversely affect patients' health and impede market growth.
"High Medication Costs in Underdeveloped Economies": Licensed medications for the treatment of ischemic optic neuropathy can be expensive, making them unaffordable for patients in underdeveloped economies.
"Better Reimbursement Policies": The United States boasts a well-established healthcare infrastructure and facilities, and it currently holds the largest market share globally. Favorable reimbursement policies and high incomes contribute to the growth of the market in the country.
"Highest Number of Older People in the Region and Robust Healthcare System": Germany's sophisticated and organized healthcare system, along with its focus on research and development in the treatment of eye-related disorders, makes it an attractive market for companies worldwide.
Manufacturers are keen on diversifying their product portfolios by introducing innovative products and securing approvals from various governmental agencies.
Arteritic AION (A-AION)
Non-Arteritic AION (NA-AION)