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Corneal Ulcer Treatment Market In-Depth Analysis, Growth Strategies and Comprehensive Forecast to 2029 | Future Market Insights

An open source develops on the cornea, a thin membrane that lies over the iris. The most common cause of corneal ulcers is infection that includes bacterial, viral and fungal infection. Bacterial infection is the most common of them all. People who wear contact lenses are the most prone to infection and are most susceptible to corneal ulcers. Other risk factors include participation in activities that may result in damage to eye such as contact sports, exposure to chemicals and other eye conditions such as dry eye or Bell’s palsy. Corneal ulcers can be prevented by protecting the eyes, maintaining hygiene and following recommendations of the doctors prescribe especially ones who use contact lens.

Corneal ulcers treatment must be given at earliest once diagnosed. Some of the symptoms corneal ulcers include pain and discharge from eyes along with sensation of foreign particle in the eye. Corneal ulcers treatment depends on the severity of the condition. In mild conditions, corneal ulcer treatment involves the use of cold compression and some non-prescription pain medicines to help with the discomfort. In severe conditions, the corneal ulcer treatment involves the treatment of the infection. Antibiotics, antifungals and antiviral eye drops are recommended corneal ulcer treatment based on the type of infection. In some cases the corneal ulcer treatment also included oral antifungal/antibiotics as corneal ulcer treatment.

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These antibiotic corneal ulcer treatment products are available in the form of ointment that can be applied around the eye. In worse conditions the corneal ulcer treatment recommended is the surgical treatment. A corneal transplant is recommended to replace the damaged tissue with a healthy donor cornea tissue. Steroids and anti-inflammatory eye drops are generally prescribes once the infection subsides. However, the use of steroids as corneal ulcer treatment is controversial and is recommended to be used under close supervision since this form of corneal ulcer treatment can worsen an infection. Among all the corneal ulcer treatment options, oral medications and ointments are most commonly used.

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

Technological advancements and growing adoption of contact lenses are driving the growth of the corneal ulcers treatment market. The availability of soft lenses that can be used for longer duration is becoming more and more popular among contact lens users, however, use of contact lens for longer duration increases the risks of development of corneal ulcers. The increase in infectious diseases and poor hygiene in the emerging regions are the other driving factors for the growth of the corneal ulcers treatment market. Furthermore, growing awareness regarding corneal ulcer has resulted in increased diagnosis rate thereby driving the growth of the corneal ulcer treatment market.

Corneal Ulcer Treatment Market: Regional Outlook

On the basis of geography, the global corneal ulcer treatment market is segmented into seven key regions, namely North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan, and Middle East & Africa. North America is projected to hold large share in the global corneal ulcer treatment market primarily due to growing awareness about pelvic inflammatory disease, and improved healthcare scenario. The increased healthcare spending in North America is another factor driving the growth of the corneal ulcer treatment market.

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.

The report covers exhaustive analysis on:

  • Market Segments
  • Market Dynamics
  • Market Size
  • Current Trends/Issues/Challenges
  • Competition & Companies involved
  • Value Chain

The regional analysis includes:

  • North America (U.S., Canada)
  • Latin America (Mexico. Brazil)
  • Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg)
  • Eastern Europe (Poland, Russia)
  • Asia-Pacific Excluding Japan (China, India, ASEAN, Australia & New Zealand)
  • Japan
  • The Middle East and Africa (GCC, S. Africa, N. Africa)

The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macroeconomic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.

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.

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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. 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.

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About FMI       

Future Market Insights (FMI) is a leading provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in Dubai, the global financial capital, and has delivery centers in the U.S. and India. FMI’s latest market research reports and industry analysis help businesses navigate challenges and make critical decisions with confidence and clarity amidst breakneck competition. Our customized and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of expert-led analysts at FMI continuously tracks emerging trends and events in a broad range of industries to ensure that our clients prepare for the evolving needs of their consumers.

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Last Updated: 02-Jun-2021