Product Code: GVR-4-68040-095-0
Glaucoma Market Growth & Trends
The global glaucoma market size is expected to reach USD 11.52 billion by 2030, expanding at a CAGR of 4.61% from 2023 to 2030, according to a new report by Grand View Research, Inc. Rising prevalence of glaucoma, incorporation of individualized treatment strategies and growing patient awareness are driving the market growth. Patient-centered care is becoming increasingly important for the treatment of the disease. This covers techniques for self-management, patient education, and collaborative decision-making. Patients' adherence to treatments, contentment with them, and overall outcomes can all be enhanced by educating them and including them in treatment choices.
The glaucoma industry has a strong pipeline, which is anticipated to fuel future growth. For instance, as per Science Advances Journal in April 2023, scientists are developing a novel gene therapy to treat the disease. The collaboration of Exhaura Ltd and Smurfit Institute of Genetics is developing this product. The presence of research and development teams supporting the development of novel treatments is projected to propel market growth. For instance, in March 2023, IU School of Medicine announced its Department of Opthalmology is working on using induced pluripotent stem cells to aid glaucoma treatment.
Moreover, the increasing incidence of blindness among the population is propelling the industry growth as the more aware population opts for early treatment. For instance, as per the reports published by World Health Organization in 2020, glaucoma was the second major cause of blindness after cataracts. India reported 11.9 million cases of glaucoma-associated blindness. The increasing burden of vision loss led to the increasing demand for therapeutics and biologics, which boosts the industry growth.
Patients with diabetes and other eye conditions, such as Age-related Macular Degeneration (AMD), cataract, and dry eye, are more prone to developing glaucoma. Thus, the growing elderly population, which is highly susceptible to eye diseases is propelling the demand for glaucoma drugs. Moreover, key players are involved in product portfolio expansion with the launch of novel products used to treat the disease. For instance, in March 2021, Teva Pharmaceuticals USA, Inc. announced the launch of the first generic version of 1% AZOPT (brinzolamide ophthalmic solution) in the U.S., which is used to treat high levels of pressure inside the eye caused due to open-angle glaucoma and ocular hypertension.
Glaucoma Market Report Highlights
- By disease type, the open-angle glaucoma segment dominated the market in 2022 owing to the development of biologics for the treatment of the disease
- By drug class, the prostaglandin analogs segment held the largest market share in 2022, attributable to their safety and universal acceptance as the first-line treatment option
- By distribution channel, the hospital pharmacy segment held the largest market share in 2022. The patients benefit from the hospital pharmacy as it provides accessibility and qualified guidance
- North America has established a strong regional position with a 38.60% market share in 2022. This is a result of the region's R&D activity growing due to increased government funding and a high adoption rate of treatments
- A few of the key industry players include Pfizer Inc.; Santen Pharmaceutical Co., Ltd.; Novartis AG; Alcon Inc.; Akron Operating Company LLC; Thea Pharma; AbbVie, Inc.; Bausch & Lomb Incorporated; and Teva Pharmaceuticals Industries Ltd.
Table of Contents
Chapter 1. Methodology And Scope
- 1.1. Market Segmentation
- 1.1.1. Market Definitions
- 1.2. Objectives
- 1.2.1. Objective - 1
- 1.2.2. Objective - 2
- 1.2.3. Objective - 3
- 1.3. Research Methodology
- 1.4. Information Procurement
- 1.4.1. Purchased Database
- 1.4.2. Gvr's Internal Database
- 1.4.3. Secondary Sources
- 1.4.4. Primary Research
- 1.5. Information Or Data Analysis
- 1.5.1. Data Analysis Models
- 1.6. Market Formulation & Validation
- 1.7. Model Details
- 1.7.1. Commodity Flow Analysis
- 1.8. List Of Secondary Sources
- 1.9. List Of Abbreviations
- 1.10. List Of Primary Sources
Chapter 2. Executive Summary
- 2.1. Market Snapshot
- 2.2. Disease Type And Drug Class Snapshot
- 2.3. Distribution Channel Snapshot
- 2.4. Competitive Landscape Snapshot
Chapter 3. Market Variables, Trends, & Scope
- 3.1. Market Segmentation And Scope
- 3.2. Market Lineage Outlook
- 3.2.1. Parent Market Outlook
- 3.2.2. Related/Ancillary Market Outlook
- 3.3. Market Dynamics
- 3.4. Market Drivers
- 3.4.1. Increasing Collaboration And Partnerships Among The Industry's Key Players
- 3.4.2. Novel Product Launch
- 3.4.3. Increasing R&D In The Ophthalmology Sector
- 3.5. Market Restraint Analysis
- 3.5.1. Lack Of Awareness And Underdiagnoses Of The Disease
- 3.5.2. High Cost Of The Treatment
- 3.6. Business Environment Analysis
- 3.6.1. Swot Analysis; By Factor (Political & Legal, Economic And Technological)
- 3.6.2. Porter's Five Forces Analysis
- 3.6.3. Covid-19 Impact Analysis
Chapter 4. Disease Type Business Analysis
- 4.1. Glaucoma Market: Disease Type Movement Analysis
- 4.2. Open Angle Glaucoma
- 4.2.1. Open Angle Glaucoma Market, 2018 - 2030 (USD Million)
- 4.3. Angle Closure Glaucoma
- 4.3.1. Angle Closure Glaucoma Market, 2018 - 2030 (USD Million)
- 4.4. Others
- 4.4.1. Others Market, 2018 - 2030 (USD Million)
Chapter 5. Drug Class Business Analysis
- 5.1. Glaucoma Market: Drug Class Movement Analysis
- 5.2. Prostaglandins Analogs Market, 2018 - 2030 (USD Million)
- 5.3. Beta-Blockers
- 5.3.1. Beta-Blockers Market, 2018 - 2030 (USD Million)
- 5.4. Adrenergic Agonists
- 5.4.1. Adrenergic Agonists Market, 2018 - 2030 (USD Million)
- 5.5. Carbonic Anhydrase Inhibitors
- 5.5.1. Carbonic Anhydrase Inhibitors Market, 2018 - 2030 (USD Million)
- 5.6. Others
- 5.6.1. Others Market, 2018 - 2030 (USD Million)
Chapter 6. Distribution Channel Business Analysis
- 6.1. Glaucoma Market: Distribution Channel Movement Analysis
- 6.2. Hospital Pharmacy
- 6.2.1. Hospital Pharmacy Market, 2018 - 2030 (USD Million)
- 6.3. Retail Pharmacy
- 6.3.1. Retail Pharmacy Market, 2018 - 2030 (USD Million)
- 6.4. Online Pharmacy
- 6.4.1. Online Pharmacy Market, 2018 - 2030 (USD Million)
Chapter 7. Regional Business Analysis
- 7.1. Glaucoma Market Share By Region, 2022 & 2030
- 7.2. North America
- 7.2.1. North America Glaucoma Market, 2018 - 2030 (USD Million)
- 7.2.2. U.S.
- 7.2.2.1. Key Country Dynamics
- 7.2.2.2. Target Disease Prevalence
- 7.2.2.3. Competitive Scenario
- 7.2.2.4. Regulatory Framework
- 7.2.2.5. Reimbursement Scenario
- 7.2.2.6. U.S. Glaucoma Market, 2018 - 2030 (USD Million)
- 7.2.3. Canada
- 7.2.3.1. Key Country Dynamics
- 7.2.3.2. Target Disease Prevalence
- 7.2.3.3. Competitive Scenario
- 7.2.3.4. Regulatory Framework
- 7.2.3.5. Reimbursement Scenario
- 7.2.3.6. Canada Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3. Europe
- 7.3.1. Europe Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.2. Germany
- 7.3.2.1. Key Country Dynamics
- 7.3.2.2. Target Disease Prevalence
- 7.3.2.3. Competitive Scenario
- 7.3.2.4. Regulatory Framework
- 7.3.2.5. Reimbursement Scenario
- 7.3.2.6. Germany Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.3. Uk
- 7.3.3.1. Key Country Dynamics
- 7.3.3.2. Target Disease Prevalence
- 7.3.3.3. Competitive Scenario
- 7.3.3.4. Regulatory Framework
- 7.3.3.5. Reimbursement Scenario
- 7.3.3.6. Uk Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.4. France
- 7.3.4.1. Key Country Dynamics
- 7.3.4.2. Target Disease Prevalence
- 7.3.4.3. Competitive Scenario
- 7.3.4.4. Regulatory Framework
- 7.3.4.5. Reimbursement Scenario
- 7.3.4.6. France Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.5. Italy
- 7.3.5.1. Key Country Dynamics
- 7.3.5.2. Target Disease Prevalence
- 7.3.5.3. Competitive Scenario
- 7.3.5.4. Regulatory Framework
- 7.3.5.5. Reimbursement Scenario
- 7.3.5.6. Italy Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.6. Spain
- 7.3.6.1. Key Country Dynamics
- 7.3.6.2. Target Disease Prevalence
- 7.3.6.3. Competitive Scenario
- 7.3.6.4. Regulatory Framework
- 7.3.6.5. Reimbursement Scenario
- 7.3.6.6. Spain Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.7. Denmark
- 7.3.7.1. Key Country Dynamics
- 7.3.7.2. Target Disease Prevalence
- 7.3.7.3. Competitive Scenario
- 7.3.7.4. Regulatory Framework
- 7.3.7.5. Reimbursement Scenario
- 7.3.7.6. Denmark Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.8. Sweden
- 7.3.8.1. Key Country Dynamics
- 7.3.8.2. Target Disease Prevalence
- 7.3.8.3. Competitive Scenario
- 7.3.8.4. Regulatory Framework
- 7.3.8.5. Reimbursement Scenario
- 7.3.8.6. Sweden Glaucoma Market, 2018 - 2030 (USD Million)
- 7.3.9. Norway
- 7.3.9.1. Key Country Dynamics
- 7.3.9.2. Target Disease Prevalence
- 7.3.9.3. Competitive Scenario
- 7.3.9.4. Regulatory Framework
- 7.3.9.5. Reimbursement Scenario
- 7.3.9.6. Norway Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4. Asia Pacific
- 7.4.1. Asia Pacific Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.2. Japan
- 7.4.2.1. Key Country Dynamics
- 7.4.2.2. Target Disease Prevalence
- 7.4.2.3. Competitive Scenario
- 7.4.2.4. Regulatory Framework
- 7.4.2.5. Reimbursement Scenario
- 7.4.2.6. Japan Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.3. China
- 7.4.3.1. Key Country Dynamics
- 7.4.3.2. Target Disease Prevalence
- 7.4.3.3. Competitive Scenario
- 7.4.3.4. Regulatory Framework
- 7.4.3.5. Reimbursement Scenario
- 7.4.3.6. China Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.4. India
- 7.4.4.1. Key Country Dynamics
- 7.4.4.2. Target Disease Prevalence
- 7.4.4.3. Competitive Scenario
- 7.4.4.4. Regulatory Framework
- 7.4.4.5. Reimbursement Scenario
- 7.4.4.6. India Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.5. South Korea
- 7.4.5.1. Key Country Dynamics
- 7.4.5.2. Target Disease Prevalence
- 7.4.5.3. Competitive Scenario
- 7.4.5.4. Regulatory Framework
- 7.4.5.5. Reimbursement Scenario
- 7.4.5.6. South Korea Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.6. Australia
- 7.4.6.1. Key Country Dynamics
- 7.4.6.2. Target Disease Prevalence
- 7.4.6.3. Competitive Scenario
- 7.4.6.4. Regulatory Framework
- 7.4.6.5. Reimbursement Scenario
- 7.4.6.6. Australia Glaucoma Market, 2018 - 2030 (USD Million)
- 7.4.7. Thailand
- 7.4.7.1. Key Country Dynamics
- 7.4.7.2. Target Disease Prevalence
- 7.4.7.3. Competitive Scenario
- 7.4.7.4. Regulatory Framework
- 7.4.7.5. Reimbursement Scenario
- 7.4.7.6. Thailand Glaucoma Market, 2018 - 2030 (USD Million)
- 7.5. Latin America
- 7.5.1. Latin America Glaucoma Market, 2018 - 2030 (USD Million)
- 7.5.2. Brazil
- 7.5.2.1. Key Country Dynamics
- 7.5.2.2. Target Disease Prevalence
- 7.5.2.3. Competitive Scenario
- 7.5.2.4. Regulatory Framework
- 7.5.2.5. Reimbursement Scenario
- 7.5.2.6. Brazil Glaucoma Market, 2018 - 2030 (USD Million)
- 7.5.3. Mexico
- 7.5.3.1. Key Country Dynamics
- 7.5.3.2. Target Disease Prevalence
- 7.5.3.3. Competitive Scenario
- 7.5.3.4. Regulatory Framework
- 7.5.3.5. Reimbursement Scenario
- 7.5.3.6. Mexico Glaucoma Market, 2018 - 2030 (USD Million)
- 7.5.4. Argentina
- 7.5.4.1. Key Country Dynamics
- 7.5.4.2. Target Disease Prevalence
- 7.5.4.3. Competitive Scenario
- 7.5.4.4. Regulatory Framework
- 7.5.4.5. Reimbursement Scenario
- 7.5.4.6. Argentina Glaucoma Market, 2018 - 2030 (USD Million)
- 7.6. MEA
- 7.6.1. MEA Glaucoma Market, 2018 - 2030 (USD Million)
- 7.6.2. South Africa
- 7.6.2.1. Key Country Dynamics
- 7.6.2.2. Target Disease Prevalence
- 7.6.2.3. Competitive Scenario
- 7.6.2.4. Regulatory Framework
- 7.6.2.5. Reimbursement Scenario
- 7.6.2.6. South Africa Glaucoma Market, 2018 - 2030 (USD Million)
- 7.6.3. Saudi Arabia
- 7.6.3.1. Key Country Dynamics
- 7.6.3.2. Target Disease Prevalence
- 7.6.3.3. Competitive Scenario
- 7.6.3.4. Regulatory Framework
- 7.6.3.5. Reimbursement Scenario
- 7.6.3.6. Saudi Arabia Glaucoma Market, 2018 - 2030 (USD Million)
- 7.6.4. UAE
- 7.6.4.1. Key Country Dynamics
- 7.6.4.2. Target Disease Prevalence
- 7.6.4.3. Competitive Scenario
- 7.6.4.4. Regulatory Framework
- 7.6.4.5. Reimbursement Scenario
- 7.6.4.6. UAE Glaucoma Market, 2018 - 2030 (USD Million)
- 7.6.5. Kuwait
- 7.6.5.1. Key Country Dynamics
- 7.6.5.2. Target Disease Prevalence
- 7.6.5.3. Competitive Scenario
- 7.6.5.4. Regulatory Framework
- 7.6.5.5. Reimbursement Scenario
- 7.6.5.6. Kuwait Glaucoma Market, 2018 - 2030 (USD Million)
Chapter 8. Competitive Landscape
- 8.1. Participant's Overview
- 8.2. Financial Performance
- 8.3. Participant Categorization
- 8.3.1. Market Leaders
- 8.3.2. Glaucoma Market Share Analysis, 2022
- 8.3.3. Company Profiles
- 8.3.3.1. Pfizer Inc.
- 8.3.3.1.1. Company Overview
- 8.3.3.1.2. Financial Performance
- 8.3.3.1.3. Product Benchmarking
- 8.3.3.1.4. Strategic Initiatives
- 8.3.3.2. Santen Pharmaceutical Co., Ltd.
- 8.3.3.2.1. Company Overview
- 8.3.3.2.2. Financial Performance
- 8.3.3.2.3. Product Benchmarking
- 8.3.3.2.4. Strategic Initiatives
- 8.3.3.3. Novartis Ag
- 8.3.3.3.1. Company Overview
- 8.3.3.3.2. Financial Performance
- 8.3.3.3.3. Product Benchmarking
- 8.3.3.3.4. Strategic Initiatives
- 8.3.3.4. Akron Operating Company Llc
- 8.3.3.4.1. Company Overview
- 8.3.3.4.2. Financial Performance
- 8.3.3.4.3. Product Benchmarking
- 8.3.3.4.4. Strategic Initiatives
- 8.3.3.5. Thea Pharma
- 8.3.3.5.1. Company Overview
- 8.3.3.5.2. Financial Performance
- 8.3.3.5.3. Product Benchmarking
- 8.3.3.5.4. Strategic Initiatives
- 8.3.3.6. Abbvie, Inc.
- 8.3.3.6.1. Company Overview
- 8.3.3.6.2. Financial Performance
- 8.3.3.6.3. Product Benchmarking
- 8.3.3.6.4. Strategic Initiatives
- 8.3.3.7. Bausch + Lomb Corporation
- 8.3.3.7.1. Company Overview
- 8.3.3.7.2. Financial Performance
- 8.3.3.7.3. Product Benchmarking
- 8.3.3.7.4. Strategic Initiatives
- 8.3.3.8. Teva Pharmaceuticals Industries Ltd.
- 8.3.3.8.1. Company Overview
- 8.3.3.8.2. Financial Performance
- 8.3.3.8.3. Product Benchmarking
- 8.3.3.8.4. Strategic Initiatives
- 8.3.3.9. Alcon Inc.
- 8.3.3.9.1. Company Overview
- 8.3.3.9.2. Financial Performance
- 8.3.3.9.3. Product Benchmarking
- 8.3.3.9.4. Strategic Initiatives
- 8.3.4. Strategy Mapping
- 8.3.4.1. Expansion
- 8.3.4.2. Acquisition
- 8.3.4.3. Collaborations
- 8.3.4.4. Disease Type/Drug Class Launch
- 8.3.4.5. Partnerships
- 8.3.4.6. Others