New York, NY -- (SBWIRE) -- 12/15/2017 -- The US$ 497 Mn uveitis treatment market is likely to expand at a stable CAGR of 6.5% over the next eight years. In 2017, the market is expected to witness nearly 6.7% Y-o-Y growth over 2016. During 2016-2024, Persistence Market Research predicts a positive growth outlook for the global uveitis treatment market, influenced by several growth drivers, restraints, trends, and opportunities.
In its recently published report titled "Uveitis Treatment Market: Industry Analysis and Forecast, 2016–2024," the company provides in-depth analysis of the market growth prospects for the eight-year assessment period, backing it up with historic and current market data.
While surge in autoimmune disorders is identified to primarily generate the demand for uveitis, the market has been witnessing strong emergence of immunosuppressive therapies to treat uveitis since the past few years, which is expected to create a new set of opportunities for leading players in near future.
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"Some of the leading companies in the uveitis treatment marketplace have been investing in new, improved product launches since the past decade. While a significant number of uveitis drugs are already in the pipeline, increasing in-licensing approvals for new market entrants will boost the scope of treatment against uveitis, ultimately creating new lucrative opportunities," states Persistence Market Research.
Increasing demand for generic drugs also prompt at an important trend in the global uveitis treatment market that will reportedly generate a range of opportunities for established as well as new pharma players.
In addition to growing R&D activities in the field of eye disorders, rising optometric clinical practice will also provide an impetus to market growth.
With surging uveitis prevalence, a host of biological drug development projects is anticipated to push the potential of the uveitis treatment market.
Moreover, growing prevalence of TB associated with intermediate uveitis will continue to push the opportunities in intermediate uveitis segment.
Another proliferating trend in uveitis treatment market includes increasing demand for local steroid implants, especially for non-infectious posterior uveitis.
As corticosteroid mono-therapy is no more considered the first line treatment for uveitis, the market has been witnessing introduction of various modified corticosteroid medication and drug delivery methods since the recent past.
Major players in the segment are working to add novel drugs to their product portfolio.
R&D in topical agents segment will also benefit the market growth in near future.
Summary of Table of Content
1. Executive Summary
2. Introduction
3. Market Analysis Scenario
4. Market Dynamics
5. Global Uveitis Treatment Market Analysis, 2016-2024
6. Global Uveitis Treatment Market Analysis, By Treatment Type
7. Global Uveitis Treatment Market Analysis, By Disease Type
8. Global Uveitis Treatment Market Analysis, By Cause
9. Global Uveitis Treatment Market Analysis, By Distribution Channel
10. Global Uveitis Treatment Market Analysis, By Region
11. North America Uveitis Treatment Market Analysis
12. Latin America Uveitis Treatment Market Analysis
13. Europe Uveitis Treatment Market Analysis
14. APAC Uveitis Treatment Market Analysis
15. MEA Uveitis Treatment Market Analysis
16. Competition Landscape
17. Assumptions and Acronyms Used
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About Persistence Market Research
Persistence Market Research (PMR) is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients' business needs.