Glaucoma is considered to be the second most cause for blindness around the world, according to WHO. This leading reason for preventable blindness is associated with chronic progressive optic neuropathy, which leads to irreversible vision loss via damage to optic nerve. No treatments currently exist for directly preventing glaucoma, however several commercially available therapies concentrate on curtailing elevated intraocular pressure, which is a known risk factor responsible for the development and progression of glaucoma.
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Glaucoma Treatment Market to Enter a New Phase of Expansion
Demand for glaucoma treatment is expected to be significantly driven by the advent of fixed-dose combination products that combine drugs from various classes. The market for glaucoma treatment will enter a new phase of expansion, with the introduction of first-in-class, innovative drugs such as trabodenoson, Vesneo, and Roclatan/Rhopressa. Prevalence of glaucoma is increasing in parallel with the rise in geriatric population worldwide, as older individuals are relatively more prone to developing glaucoma. In addition, mounting number of people with diabetes and those with family history of glaucoma also contribute to this disease prevalence significantly. Governments and healthcare institutions are increasingly taking initiatives to spread the awareness about treatment options available for patients with glaucoma.
Product development strategies in the recent past have been impressive with surgery options, with several effective additions such as photodynamic therapy and laser therapy. However, excellent efficiency and efficacy of currently available drugs, particularly carbonic anhydrase inhibitors and prostaglandin analogs, have set barriers to the development of new therapy options.
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A new exhaustive report collated by Transparency Market Research envisages an average growth for the global glaucoma treatment market in the period between 2017 and 2026.More than US$ 3,300 revenues are expected to be gained from treatment of glaucoma across the globe by 2026-end.