The global demand for corneal ulcer treatment is expected to grow at a 5.7% CAGR from 2022 to 2029, with an estimated market value of around US$ 867.3 Million in 2022. According to Future Market Insights, antibiotics will account for approximately 76.4% of the global market in 2021.
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Corneal ulcer treatment should begin as soon as possible after diagnosis. Pain and discharge from the eyes, as well as the sensation of a foreign particle in the eye, are some of the symptoms of corneal ulcers. Treatment for corneal ulcers is determined by the severity of the condition. In mild cases, corneal ulcer treatment consists of applying cold compresses to the affected area and taking non-prescription pain relievers. In severe cases, corneal ulcer treatment also includes infection treatment. Depending on the type of infection, antibiotics, antifungals, and antiviral eye drops are recommended for corneal ulcer treatment. As part of the corneal ulcer treatment, oral antifungal/antibiotics were used in some cases.
These antibiotic corneal ulcer treatment products are available as ointment to be applied around the eye. In severe cases, surgical treatment is recommended for corneal ulcers. To replace the damaged tissue with healthy donor cornea tissue, a corneal transplant is recommended. Once the infection has subsided, steroids and anti-inflammatory eye drops are usually prescribed. However, the use of steroids as corneal ulcer treatment is controversial and should be used with caution because this type of corneal ulcer treatment can worsen an infection. Oral medications and ointments are the most commonly used corneal ulcer treatment options.
The corneal ulcer treatment products are available in hospital pharmacies, retail pharmacies, drug stores and e-commerce stores. Some of the common modes of corenal ulcer treatments include the use of prednisone, ciprofloxacin, ofloxcin and others. Some of the companies that manufacture the corneal ulcer treatments include Pfizer, Alcon Laboratories, INC., GlaxoSmithKline plc, Allergan PLC, Johnson & Johnson, Vistakon Pharmaceuticals, H.L. Healthcare among other key players.
Corneal Ulcer Treatment Market: Dynamics
The corneal ulcers treatment market is expanding due to technological advancements and increasing contact lens adoption. The availability of soft lenses that can be worn for longer periods of time is becoming increasingly popular among contact lens users; however, wearing contact lenses for longer periods of time increases the risk of developing corneal ulcers. Other factors driving the Corneal Ulcers Treatment Market Growth include an increase in infectious diseases and poor hygiene in emerging regions. Furthermore, rising awareness of corneal ulcers has resulted in an increase in diagnosis rates, propelling the corneal ulcer treatment market forward.
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Corneal Ulcer Treatment Market: Segmentation
The global pelvic inflammatory disease therapeutics market is segmented by administration, distribution channel and region:
- By Administration
- Oral
- Ointment
- Eye Drops
- Intravenous
- By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Drug Stores
- E-Commerce
Corneal Ulcer Treatment Market: Key Players
Examples of some of the key players in the global pelvic inflammatory disease therapeutics market are Pfizer, Akorn Inc, Alcon Laboratories, INC., H.L. Healthcare, GlaxoSmithKline plc, Allergan PLC, Johnson & Johnson, Vistakon Pharmaceuticals, among other key players.
Research Methodology
FMI utilizes a triangulation methodology that is primarily based on experimental techniques such as patient-level data, to obtain precise market estimations and insights on Molecule and Drug Classes, API Formulations and preferred modes of administration. Bottom-up approach is always used to obtain insightful data for the specific country/regions. The country specific data is again analysed to derive data at a global level. This methodology ensures high quality and accuracy of information.
Secondary research is used at the initial phase to identify the Age specific disease epidemiology, diagnosis rate and treatment pattern, as per disease indications. Each piece of information is eventually analysed during the entire research project which builds a strong base for the primary research information.
Primary research participants include demand-side users such as key opinion leaders, physicians, surgeons, nursing managers, clinical specialists who provide valuable insights on trends and clinical application of the drugs, key treatment patterns, adoption rate, and compliance rate.
Quantitative and qualitative assessment of basic factors driving demand, economic factors/cycles and growth rates and strategies utilized by key players in the market is analysed in detail while forecasting, in order to project Year-on-Year growth rates.
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These Y-o-Y growth projections are checked and aligned as per industry/product lifecycle and further utilized to develop market numbers at a holistic level.
On the other hand, we also analyse various companies annual reports, investor presentations, SEC filings, 10k reports and press release operating in this market segment to fetch substantial information about the market size, trends, opportunity, drivers, restraints and to analyse key players and their market shares. Key companies are segmented at Tier level based on their revenues, product portfolio and presence.
Please note that these are the partial steps that are being followed while developing the market size. Besides this, forecasting will be done based on our internal proprietary model which also uses different macro-economic factors such as per capita healthcare expenditure, disposable income, industry based demand driving factors impacting the market and its forecast trends apart from disease related factors.
About Future Market Insights (FMI)
Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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