Glaucoma Therapeutics Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026

Published on : May-2020 | List of Tables : 56 | List of Figures : 56 | No. of Pages : 170 | Report Code : FACT4775MR | Format :

Glaucoma Therapeutics Market Insights:

The global glaucoma therapeutics market is anticipated to gain traction in the future. Projected CAGR is pegged at 2.9% for the forecast period (2020-2026). The market is slated to reach a valuation of US$ 7.6 Bn. It is established that glaucoma affects 2% of the world’s population. The number increases with passing age, accounting for almost one-tenth of the population aged 70 years and above.

Moreover, people afflicted with diabetes are more likely to experience vision related problems as high blood sugar leads to diabetic retinopathy. However, the COVID-19 outbreak is poised to slow down the pace of volumes for certain therapeutic drugs. Fortunately, supply chain disruptions are anticipated to remain absent as companies have adequate inventory.

Glaucoma Therapeutics Market: Technological Insights:

Several technological advancements in drug delivery are anticipated to leverage the scope of glaucoma therapeutics. These advancements include: implantable extended-release devices, polymer-based contact lenses and intraocular delivery technologies. Other options include drug-eluting punctal plugs, microneedle-injection devices and micro-dosing technology. These approaches were elaborated upon at the Glaucoma 360 New Horizons Forum in San Francisco in February 2020.

These approaches are anticipated to significantly enhance the quality of life of glaucoma patients and provide more effective therapies to better preserve vision in glaucoma. Another technological development is the Eyemate intraocular sensor, which offers a new way to reliably measure 24 h intraocular pressure. The sensor is designed to stay in the patient’s eye indefinitely. It does not require any battery. It derives its power through electromagnetic inductive coupling to an external magnetic field generator.

Glaucoma Therapeutics Market: Drug Applications Insights:

Prostaglandins are expected to find widespread usage for treating glaucoma among patients. Usage of these drugs as the first line of treatment is expected to be the driving force behind the growth of this segment. The segment is forecast to register a market share of 44% during the forecast period.

The combined medication segment shows a positive growth trajectory during the forecast period. This is attributed to greater effectiveness of treatment using combination drugs over individual medication. Projected market share for combination drugs is pegged at around one-fifth of the global glaucoma therapeutics market. An important development in this regard is the approval and launch of Aerie Pharmaceutical’s Rhopressa drug class. More than 70 combination drugs are in the pipeline during the forecast period.

glaucoma therapeutics market 02

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Glaucoma Therapeutics Market: Regional Insights

North America is set to be the most lucrative market for glaucoma therapeutic drugs during the forecast period, capturing nearly half of the market share. This is attributed to increasing focus on research and development of new combination drugs as well as availability of Rhopressa drugs in the market. The region is projected to expand at a CAGR of 2.7% between 2020 and 2026.

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Asia-Pacific is expected to register the highest growth in the glaucoma therapeutic drugs market, with combination medicines set to grow the fastest. The region shall capture nearly one-fourth of the overall glaucoma therapeutics market. A burgeoning population and introduction of new drugs is expected to drive market growth in Asia-Pacific. The introduction of drugs based on a combination of travoprost and timolol compounds is an example of such new drug development.

Glaucoma Therapeutics Market Leaders

The global glaucoma therapeutics market consists of the following market players: Allergan plc, Merck & Co., Inc., Novartis AG, Pfizer Inc., Santen Pharmaceuticals Co. Ltd., Valeant Pharmaceuticals, Inc. and Aerie Pharmaceuticals, Inc. Out of these, Novartis AG comprises the maximum market share of glaucoma therapeutics drugs. This is because of its Alcon division which focuses on development of eye care products. Some of its brands include Travatan, Simbrinza and Azarga, which contribute the maximum revenue share to Novartis’s revenue.

Allergan Plc., occupies the second position in the market, and include top selling brands like Lumigan, Alphagan, Ganfort and Combigan. More recently, the company also received an approval from the FDA to launch its DURYSTATM Biodegradable Sustained-Release Implant. This device is designed to reduce intraocular pressure in open-angle glaucoma or ocular hypertension patients.

COVID-19 Market Insights:

The COVID-19 pandemic is anticipated to moderately impact the glaucoma therapeutics market. Leading players are ensuring that the supply of critical products is not hampered. For instance, Alcon has initiated its Global Crisis Management program to implement business continuity measures and action plans. The company’s manufacturing sites are open and are working to mitigate supply chain disruptions. Valeant Pharmaceuticals, Inc., now known as Bausch Health, is directing its resources to tackle the COVID-19 pandemic. It is working with multiple health authorities to make VIRAZOLE available as a potential treatment for COVID-19.

Aerie Pharmaceuticals, however, has registered a decline in the pace of volumes of its Rocklatan and Rhopressa ophthalmic drugs in the first quarter of 2020. A positive partial offset has been witnessed from increasing three months’ supply activity. However, with many eye care professionals’ offices remaining closed, new prescription growth has slowed. Fortunately, no supply chain disruptions have been experienced for the Rocklatan and Rhopressa drugs. The company believes it has approximately three years of starting materials and active pharmaceutical ingredients in inventory. Additionally, an adequate supply of finished products for a period of six months is also available.

Analyst’s Viewpoint:

The glaucoma therapeutics market is poised to expand positively in the future. Increasing preference for combination drugs, coupled with technological breakthroughs in glaucoma treatment are key growth levers. Moreover, application of nanotechnology is poised to offer convenience to glaucoma patients and enhance their quality of life. Regionally, North America is set to dominate the glaucoma therapeutics market, while Asia-Pacific shows promising growth prospects. The recent COVID-19 outbreak is not anticipated to disrupt supply chains of key manufacturers engaged in producing glaucoma therapeutic drugs. This is attributed to implementation of business continuity plans and robust co-ordination across departments.

Glaucoma Therapeutics Market: Report Scope:

The recent study by Fact.MR on glaucoma therapeutics market incorporates a 6-year forecast period, elaborating on the key drivers, opportunities and restraints of the market. A detailed analysis of the market has been provided for each segment, in terms of value and growth. The key segments are: Drug Class and End-user.

A regional landscape has also been included, providing a detailed analysis across five geographies. These include North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA). Each region has been analyzed based on the segments highlighted above. A separate competition landscape has also been given. Detailed profiles of key manufactures, their revenue shares and product development have been elaborated upon. Additionally, a SWOT analysis of each players has also been incorporated.

Glaucoma therapeutics market- Scope of the Report

The recent study by Fact.MR on glaucoma therapeutics market offers a 6-year forecast between 2020 and 2026. The study analyzes crucial trends that are currently determining the growth of glaucoma therapeutics market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of glaucoma therapeutic drugs. The study also provides dynamics that are responsible for influencing the future status of the glaucoma therapeutics market over the forecast period.

A detailed assessment of glaucoma therapeutics market value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the glaucoma therapeutics market along with their product portfolio enhances the reliability of this comprehensive research study.

Glaucoma therapeutics market: Report Summary

The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in Glaucoma Therapeutics market across the globe.

A comprehensive estimate on glaucoma therapeutics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of glaucoma therapeutic drugs during the forecast period. Price point comparison by region with global average price is also considered in the study.

Glaucoma therapeutics market segmentation

Fact.MR has studied the glaucoma therapeutics market with detailed segmentation on the basis of drug class, end-users and key regions.

Drug Class

End-users

Key Regions

Prostaglandins

Hospitals

North America

Beta Blockers

Ophthalmic Clinics

Europe

Alpha Agonists

Ambulatory Surgical Centers

Asia Pacific

Carbonic Anhydrase Inhibitors

 

Latin America

Combination Medications

 

Middle East & Africa

Cholingerics

 

 

“This taxonomy prepared is confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than addressee(s) is unauthorized and prohibited.”

Glaucoma therapeutics market: Analysis on market size evaluation

The glaucoma therapeutics market has been analyzed for each market segment, in terms of value (US$ Mn).

Market estimates at global and regional levels for glaucoma therapeutics is available in terms of “US$ Mn” for value, along with market attractiveness evaluation in the report.  A Y-o-Y growth contrast on prominent glaucoma therapeutic segments, along with market attractiveness evaluation has been incorporated in the report.

Glaucoma therapeutics market: Inspected assessment on regional segments

Key sections have been elaborated in the glaucoma therapeutics market report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (economic and business environment outlook), which are expected to have a momentous influence on the growth of glaucoma therapeutics market during the forecast period.

Country-specific valuation on demand for glaucoma therapeutics has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. Detailed breakup in terms of value for emerging countries has also been included in the report.

Glaucoma therapeutics market: In-depth analysis on competitive landscape

The report sheds light on the leading manufacturers of glaucoma therapeutic drugs along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of glaucoma therapeutic drugs, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits the report readers to take preemptive steps in advancing their businesses.

Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with all-inclusive SWOT analysis on each player. Company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in Glaucoma Therapeutics market. Prominent manufacturers with established market presence in global glaucoma therapeutics market are Allergan plc, Merck & Co., Inc. Novartis AG, Pfizer Inc. Santen Pharmaceuticals Co. Ltd. Valeant Pharmaceuticals International, Plc and Aerie Pharmaceuticals, Inc.

1. Preface

    1.1. Market Definition and Scope

    1.2. Market Segmentation

    1.3. Key Research Objectives

    1.4. Research Highlights

2. Assumptions and Research Methodology

3. Executive Summary: Global Glaucoma Therapeutics Market 

4. Market Overview

    4.1. Introduction

    4.2. Overview

    4.3. Market Dynamics

        4.3.1. Drivers

        4.3.2. Restraints

        4.3.3. Opportunities

    4.4. Global Glaucoma Therapeutics Market Analysis and Forecasts, 2020–2026

    4.5. Porter’s Five Force Analysis

5. Market Outlook

    5.1. Value Chain Analysis

    5.2. Disease Prevalence & Incidence Rate, by Region

    5.3. Healthcare Industry Overview

    5.4. Pipeline Analysis

6. Global Glaucoma Therapeutics Market Analysis and Forecasts, by Drug Class 

    6.1. Introduction & Definition

    6.2. Key Findings / Developments

    6.3. Market Value Forecast, by Drug Class, 2020–2026

        6.3.1. Prostaglandins

        6.3.2. Beta Blockers

        6.3.3. Alpha Agonists

        6.3.4. Carbonic Anhydrase Inhibitors

        6.3.5. Combination Medications

        6.3.6. Cholinergics

    6.4. Market Attractiveness, by Drug Class 

7. Global Glaucoma Therapeutics Market Analysis and Forecasts, by End-user 

    7.1. Introduction & Definition

    7.2. Key Findings / Developments

    7.3. Market Value Forecast, by End-user, 2020–2026

        7.3.1. Hospitals

        7.3.2. Ophthalmic Clinics

        7.3.3. Ambulatory Surgical Centers

    7.4. Market Attractiveness, by End-user 

8. Global Glaucoma Therapeutics Market Analysis and Forecasts, by Region

    8.1. Key Findings

    8.2. Market Value Forecast, by Region

        8.2.1. North America

        8.2.2. Europe

        8.2.3. Asia Pacific

        8.2.4. Latin America

        8.2.5. Middle East & Africa

    8.3. Market Attractiveness, by Country/Region

9. North America Glaucoma Therapeutics Market Analysis and Forecast

    9.1. Introduction

    9.2. Market Value Forecast, by Drug Class, 2020–2026

        9.2.1. Prostaglandins

        9.2.2. Beta Blockers

        9.2.3. Alpha Agonists

        9.2.4. Carbonic Anhydrase Inhibitors

        9.2.5. Combination Medications

        9.2.6. Cholinergics

    9.3. Market Value Forecast, by End-user, 2020–2026

        9.3.1. Hospitals

        9.3.2. Ophthalmic Clinics

        9.3.3. Ambulatory Surgical Centers

    9.4. Market Value Forecast, by Country, 2020–2026

        9.4.1. U.S.

        9.4.2. Canada

    9.5. Market Attractiveness Analysis 

        9.5.1. By Drug Class 

        9.5.2. By End-user 

        9.5.3. By Country

10. Europe Glaucoma Therapeutics Market Analysis and Forecast

    10.1. Introduction

    10.2. Market Value Forecast, by Drug Class, 2020–2026

        10.2.1. Prostaglandins

        10.2.2. Beta Blockers

        10.2.3. Alpha Agonists

        10.2.4. Carbonic Anhydrase Inhibitors

        10.2.5. Combination Medications

        10.2.6. Cholinergics

    10.3. Market Value Forecast, by End-user, 2020–2026

        10.3.1. Hospitals

        10.3.2. Ophthalmic Clinics

        10.3.3. Ambulatory Surgical Centers

    10.4. Market Value Forecast, by Country/Sub-region, 2020–2026

        10.4.1. Germany

        10.4.2. U.K.

        10.4.3. France

        10.4.4. Spain

        10.4.5. Italy

        10.4.6. Rest of Europe

    10.5. Market Attractiveness Analysis 

        10.5.1. By Drug Class 

        10.5.2. By End-user 

        10.5.3. By Country/Sub-region

11. Asia Pacific Glaucoma Therapeutics Market Analysis and Forecast

    11.1. Introduction

    11.2. Market Value Forecast, by Drug Class, 2020–2026

        11.2.1. Prostaglandins

        11.2.2. Beta Blockers

        11.2.3. Alpha Agonists

        11.2.4. Carbonic Anhydrase Inhibitors

        11.2.5. Combination Medications

        11.2.6. Cholinergics

    11.3. Market Value Forecast, by End-user, 2020–2026

        11.3.1. Hospitals

        11.3.2. Ophthalmic Clinics

        11.3.3. Ambulatory Surgical Centers

    11.4. Market Value Forecast, by Country/Sub-region, 2020–2026

        11.4.1. China

        11.4.2. Japan

        11.4.3. India

        11.4.4. Australia & New Zealand

        11.4.5. Rest of Asia Pacific

    11.5. Market Attractiveness Analysis 

        11.5.1. By Drug Class 

        11.5.2. By End-user 

        11.5.3. By Country/Sub-region

12. Latin America Glaucoma Therapeutics Market Analysis and Forecast

    12.1. Introduction

    12.2. Market Value Forecast, by Drug Class, 2020–2026

        12.2.1. Prostaglandins

        12.2.2. Beta Blockers

        12.2.3. Alpha Agonists

        12.2.4. Carbonic Anhydrase Inhibitors

        12.2.5. Combination Medications

        12.2.6. Cholinergics

    12.3. Market Value Forecast, by End-user, 2020–2026

        12.3.1. Hospitals

        12.3.2. Ophthalmic Clinics

        12.3.3. Ambulatory Surgical Centers

    12.4. Market Value Forecast, by Country/Sub-region, 2020–2026

        12.4.1. Brazil

        12.4.2. Mexico

        12.4.3. Rest of Latin America

    12.5. Market Attractiveness Analysis 

        12.5.1. By Drug Class 

        12.5.2. By End-user 

        12.5.3. By Country/Sub-region

13. Middle East & Africa Glaucoma Therapeutics Market Analysis and Forecast

    13.1. Introduction

    13.2. Market Value Forecast, by Drug Class, 2020–2026

        13.2.1. Prostaglandins

        13.2.2. Beta Blockers

        13.2.3. Alpha Agonists

        13.2.4. Carbonic Anhydrase Inhibitors

        13.2.5. Combination Medications

        13.2.6. Cholinergics

    13.3. Market Value Forecast, by End-user, 2020–2026

        13.3.1. Hospitals

        13.3.2. Ophthalmic Clinics

        13.3.3. Ambulatory Surgical Centers

    13.4. Market Value Forecast, by Country/Sub-region, 2020–2026

        13.4.1. GCC Countries

        13.4.2. South Africa

        13.4.3. Rest of Middle East & Africa

    13.5. Market Attractiveness Analysis 

        13.5.1. By Drug Class 

        13.5.2. By End-user 

        13.5.3. By Country/Sub-region

14. Competition Landscape

    14.1. Market Player - Competition Matrix 

    14.2. Market Share Analysis, by Company (2018)

    14.3. Company Profiles

        14.3.1. Allergan plc

            14.3.1.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.1.2. Financial Overview

            14.3.1.3. Product Portfolio

            14.3.1.4. SWOT Analysis

            14.3.1.5. Strategic Overview

        14.3.2. Merck & Co., Inc.

            14.3.2.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.2.2. Financial Overview

            14.3.2.3. Product Portfolio

            14.3.2.4. SWOT Analysis

            14.3.2.5. Strategic Overview

        14.3.3. Novartis AG

            14.3.3.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.3.2. Financial Overview

            14.3.3.3. Product Portfolio

            14.3.3.4. SWOT Analysis

            14.3.3.5. Strategic Overview

        14.3.4. Pfizer Inc. 

            14.3.4.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.4.2. Financial Overview

            14.3.4.3. Product Portfolio

            14.3.4.4. SWOT Analysis

            14.3.4.5. Strategic Overview

        14.3.5. Santen Pharmaceuticals Co. Ltd.

            14.3.5.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.5.2. Financial Overview

            14.3.5.3. Product Portfolio

            14.3.5.4. SWOT Analysis

            14.3.5.5. Strategic Overview

        14.3.6. Valeant Pharmaceuticals International, Inc.

            14.3.6.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.6.2. Financial Overview

            14.3.6.3. Product Portfolio

            14.3.6.4. SWOT Analysis

            14.3.6.5. Strategic Overview

        14.3.7. Aerie Pharmaceuticals Inc.

            14.3.7.1. Company Overview (HQ, Business Segments, Employee Strength)

            14.3.7.2. Product Portfolio

            14.3.7.3. SWOT Analysis

            14.3.7.4. Strategic Overview

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Glaucoma Therapeutics Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2020 to 2026