According to Future Market Insights, the market for persistent epithelial defect management is projected to rise at a steady growth valued at US$ 8.5 billion with 18% CAGR until 2033, being valued at US$ 44.49 billion.
The Persistent Epithelial Defect (PED) market report provides current treatment practices, emerging drugs, market share of individual therapies, and current and forecasted PED symptoms market size from 2018 to 2030 segmented by seven major markets. The report also covers current Persistent Epithelial Defect (PED) symptoms treatment practice/algorithm, market drivers, market barriers, and unmet medical needs to curate the best of the opportunities and assesses the underlying potential of the market.
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The increasing partnerships and collaborations between numerous companies boost market growth. For instance, in October 2017, Bio-Tissue entered a strategic agreement with Optima Pharmazeutische GmbH, a pharmaceutical company that offers otorhinolaryngology, ophthalmology, and pneumology products. This agreement helps the company to distribute its Natural Ocular Cleanser in Germany. Thus, all these collaborations boost the growth of the market. Also, the increasing demand for hospitals surges the market grows rapidly. Most chronic disease diagnostics are majorly performed in hospitals since they are very complex and it requires technologically advanced products and thus this is boosting the market for hospital/clinical laboratories.
The enormous expenditure that is required for setting up these techniques hinders market growth. Numerous market players make huge investments in installing new and advanced machines to faster the process and in return, the cost is increased. This persistent corneal epithelial defects treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
North America’s persistent epithelial defects treatment market is expected to witness significant growth during the forecast period. The market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific persistent epithelial defects treatment market is projected to witness significant growth during the forecast period. The market was valued at a CAGR of around 17.7% in the mentioned forecast period.
Key Takeaways from the Market Study
- The global Persistent Epithelial Defect Management Market is predicted to rise with a steady 18% CAGR from 2023 to 2033.
- The value of the North American region is US$ 98.8 million from 2023 to 2033.
- By 2033, the global Persistent Epithelial Defect Management Market is projected to reach a market size of US$ 49 Billion.
- Increase in partnerships and collaborations between numerous companies boost the market growth.
- North America’s market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific market was valued at a CAGR of 17.7%
Competitive Landscape
Some of the top players in the global persistent epithelial defects management treatment market are:
- Dompe Farmaceutici
- OcuNexus Therapeutics
- Eyevance Pharmaceuticals
- Noveome Biotherapeutics
- RegeneRx Biopharmaceuticals
- Recordati Rare Diseases
- Mimetech
- Johnson & Johnson Services Inc.
- Bausch Health Companies Inc.
- Integra Lifesciences
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Some of the important developments of the key players in the market are
- Kala Pharmaceuticals Acquires Combangio, Expanding its Pipeline with a Clinical-Stage Novel Biologic for the Treatment of Persistent Epithelial Defect (PED) and Other Rare Ocular Surface Diseases.
- Nexagon: OcuNexus Therapeutics, Eyevance PharmaceuticalsNexagon has a market advantage in the US, as it received orphan drug designation from the FDA. It is being developed by OcuNexus Therapeutics in partnership with Eyevance Currently, the drug is under phase II studies for PED.
Key Segments Profiled in the Persistent Epithelial Defect Management Market Report
Disease Type:
- Epithelial/Limbal
- Inflammatory Disease
- Neurotrophic Disease
- Others
End User:
- Hospitals/Clinical Laboratories
- Physician Offices
- Reference Laboratories
- Other End Users
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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