The Ocular Hypertension Treatment Global Market Report 2023, provides comprehensive information on the ocular hypertension treatment market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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The global ocular hypertension treatment market size is expected to grow from $4.94 billion in 2022 to $5.14 billion in 2023 at a compound annual growth rate (CAGR) of 4.03%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global ocular hypertension treatment market size is expected to reach $5.85 billion in 2027 at a CAGR of 3.27%.
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Product innovation is a key trend gaining popularity in the ocular hypertension treatment market. Companies operating in the ocular hypertension treatment market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Sandoz, a Switzerland-based manufacturer of generic medicines and biosimilar, launched Brimonidine tartrate/timolol maleate ophthalmic solution. Its generic combination of eye drop brimonidine tartrate/timolol maleate ophthalmic solution 0.2% or 0.5% reduces the pressure in the eyes in ocular individuals with hypertension. Fixed combinations of medications to treat ocular hypertension can provide patients with increased simplicity, higher compliance, lower preservation exposure, as well as price savings.
The ocular hypertension treatment market is segmented:
1) By Type: Intraocular Hypertension, Glaucoma
2) By Route of Administration: Oral, Parenteral, Other Routes
3) By Distribution Channel: Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Other Distribution Channel
4) By End-Users: Hospitals, Specialty Clinics, Others End-Users
North America was the largest region in the ocular hypertension treatment market in 2022.
The table of contents in TBRC’s ocular hypertension treatment market report includes:
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