Optic nerve disorder, commonly known as optic neuropathy, is a medical condition indicating degeneration of the optic nerve. While mostly optic nerve disorders are hereditary, few of them are also acquired over the time.
Rising demand for non-invasive procedures in the optometric space is also creating favorable grounds for optic nerve disorders drugs market. Patients, post realization of the risks and cost involved in surgical procedures, show high inclination toward optic nerve disorders drugs over surgeries, which is a key pacesetter of optic nerve disorders drugs market growth in the future.
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Optic Nerve Disorders Drugs Market – Novel Developments
Some of the key market players operating in the optic nerve disorders drugs market include Novartis AG, Santhera Pharmaceuticals, Allergan plc., Stealth BioTherapeutics Inc., Quark, Takeda Pharmaceutical Company, Merck & Co., and others.
Optic Nerve Disorders Drugs Market – Pervasiveness of Optic Nerve Disorders Propels Growth
Rising number of instances of optic nerve disorders are indicating unabated demand for optic nerve disorders drugs in the coming years, thereby driving the optic nerve disorders drugs market. According to data by the World Health Organization (WHO), approx. 1.3 billion people suffer due to some sort of vision impairment.
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Optic Nerve Disorders Drugs Market – Manufacturers Focus on Expansion of Product Pipelines to Achieve High Profitability
Manufacturers in the optic nerve disorders drugs market are vying to offer compliant and safe products, wherein reliability is given utmost importance for boosting end-user confidence.
In addition, companies in the optic nerve disorders drugs market are also focusing on expansion of their product pipelines and effective management of internal sales & marketing teams to achieve long-term profitability.
However, manufacturers are likely to incur sizeable operating losses as they make investments, continue with developments, and commercialize new products in the optic nerve disorders drug development market.
Higher operating expenses in tandem with development activities are anticipated to create significant challenges for players in the optic nerve disorders drugs market.
In a bid to retain their profitability, manufacturers are focusing on successful completion of impending products, obtaining authorizations for seamless marketing, and competitive pricing. These factors, in turn, will be instrumental to solidify their sustenance in the optic nerve disorders drugs market.
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Optic Nerve Disorders Drugs Market: Segmentation
The optic nerve disorders drugs market is segmented on the basis of indication, drug class, end user and region.
Based on indication, the global optic nerve disorders drugs market is segmented into:
- Ischemic Optic Neuropathies
- Optic Neuritis and Perineuritis
- Papilledema
- Compressive Optic Neuropathies
- Intrinsic Neoplasms
- Hereditary Optic Neuropathies
- Inflammatory Optic Neuropathies
- Infectious Optic Neuropathies
- Toxic and Nutritional Optic Neuropathies
- Traumatic Optic Neuropathy
- Glaucoma
- Optic Disc Drusen
- Anomalous Optic Neuropathy
Based on drug class, the global optic nerve disorders drugs market is segmented into:
- Steroids
- Nerve Tonics and Multivitamin
- Analgesics
- Anti-infective
- Hyperosmotic Agents
- Parasympathomimetics
- Carbonic Anhydrase Inhibitors
- Beta-blockers and Alpha-adrenergic Agonists
- Others
Based on end user, the global optic nerve disorders drugs market is segmented into:
- Hospitals
- Clinics
- Home Settings
Optic Nerve Disorders Drugs Market: Overview
Based on regions, the global optic nerve disorders drugs market is classified into North America, Latin America, Europe, CIS & Russia, Japan, Asia-Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA). North America is expected to account for the largest share in the global optic nerve disorders drugs market owing to large incomes and excellent reimbursements.
The excellent support of the US government programs such as Prescription assistance programs, Resources for macular degeneration and glaucoma, Medicare, Medicaid, Social Security and others is driving a large optic nerve disorders market.
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