Uveitis Treatment Market On Position to Touch $687 Million by 2026
Pune, Maharashtra, India, September 15 2020 (Wiredrelease) Allied Analytics –:The growth of the uveitis market is attributed to rise in prevalence of uveitis disorders across the globe. Furthermore, growth in treatment awareness and rise in adoption of uveitis treatments contribute to the growth of the market.
Uveitis Treatment Market size was valued at $478 million in 2018, and is projected to reach $687 million by 2026, growing at a CAGR of 4.6% from 2019 to 2026.
Uveitis is characterized by inflammation of the middle layer of the eye, which is called the uvea. It may occur from both infectious and non-infectious causes. Different types of medication such as cycloplegic agents, anti-inflammatory, and immunotherapy & targeted therapies, antimicrobial drugs, and others are used in the treatment of uveitis.
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The uveitis treatment market is expected to experience significant growth during the forecast period, owing to rise in demand for uveitis treatment medication across geographies with increase in popularity advanced therapeutics. Furthermore, increase in prevalence of uveitis with early detection further boost the uveitis treatment market growth during the forecast period. However, lack of adverse effects associated with the use of drugs may hamper the market growth. Moreover, significant unmet need for uveitis treatment and innovative molecules in pipeline further create lucrative opportunities for uveitis treatment market.
According to distribution channel, the market is classified into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. The online providers segment is anticipated to depict significant growth during the forecast period due to rise in preference for online purchasing of drugs over the traditional methods, increase in awareness of online pharmacy, and rise in number of internet users.
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Key Findings of the Study:
Based on drug class, the anti-inflammatory segment held approximately half of the share in the global market in 2018.
Based on distribution channel, the online pharmacies segment exhibits fastest growth and is expected to grow at a CAGR of 5.9% from 2019 to 2026.
Based on application, the anterior uveitis segment held largest market share in 2018 and is expected to remain dominant throughout the forecast period.
Based on region, Asia-Pacific is expected to experience growth at the highest rate, registering a CAGR of 6.0% during the forecast period.
North America accounted for approximately one-half of the global uveitis treatment market share in 2018 and is expected to remain dominant throughout the forecast period. This was attributed to the higher adoption of ideal uveitis treatment medication, higher number of R&D activities to develop ideal therapeutics, large number of target population with higher health awareness, availability of trained medical professionals, and supportive reimbursement policies in the healthcare system. Asia-Pacific is expected to experience the highest growth rate during the forecast period majorly due to growth in prevalence of uveitis with increase in adoption of uveitis treatment medication.
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