Ischemic Optic Neuropathy Treatment Market estimated to surge ahead at a CAGR of 3.3% to reach US$ 286.6 Mn by the end of 2033 | PMR

PRESS RELEASE
Published March 24, 2023

Ischemic optic neuropathy (ION) is a condition in which there is damage to the optic nerve due to reduced blood flow. It can cause vision loss and is often associated with underlying conditions such as diabetes, high blood pressure, and atherosclerosis. The ischemic optic neuropathy treatment market includes drugs and therapies used to treat this condition.

The market is driven by several factors, including the increasing prevalence of underlying conditions that can lead to ION, growing awareness about the importance of early diagnosis and treatment, and the development of new and innovative treatments.

Worldwide revenue from the Ischemic Optic Neuropathy Treatment market was about US$ 200.2 Mn in 2022, with the global market estimated to surge ahead at a CAGR of 3.3% to reach a valuation of US$ 286.6 Mn by the end of 2033.

Ischemic Optic Neuropathy Treatment Market Size (2022) US$ 200.2 Mn
Projected Market Value (2033) US$ 286.6 Mn
Global Market Growth Rate (2023-2033) 3.3% CAGR
Market Share of Top 5 Countries 58.3%

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The market is driven by several factors, including the increasing prevalence of ischemic optic neuropathy, the growing demand for effective treatments, and the availability of a wide range of products and treatments for the condition.

The ischemic optic neuropathy treatment market can be segmented based on product type, treatment type, and end-user. Based on product type, the market can be segmented into drugs and devices. Based on treatment type, the market can be segmented into surgical treatments, non-surgical treatments, and others. Based on end-user, the market can be segmented into hospitals, clinics, and others.

The drugs segment is expected to hold the largest share of the ischemic optic neuropathy treatment market during the forecast period. This is due to the availability of several drugs used to manage and treat this condition, such as corticosteroids and immunosuppressants.

Companies

  • AbbVie Inc. (Allergan plc)
  • Eli Lilly and Company
  • GlaxoSmithKline plc.
  • Pfizer Inc.
  • Teva Pharmaceuticals
  • Bausch Health Companies Inc.
  • Bayer AG
  • Bristol-Myers Squibb and Company
  • Sanofi S.A.
  • Hoffmann-La Roche Ltd

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The surgical treatments segment is expected to grow at a significant rate during the forecast period. This is due to the increasing adoption of surgical treatments for managing and treating ischemic optic neuropathy.

Geographically, the ischemic optic neuropathy treatment market can be segmented into North America, Europe, Asia Pacific, Middle East and Africa, and South America. North America is expected to hold the largest share of the market during the forecast period, followed by Europe and Asia Pacific. This is due to the increasing prevalence of ischemic optic neuropathy and the availability of advanced healthcare infrastructure in these regions.

Competition Landscape

Manufacturers are concentrating on diversifying their product lines by introducing new, advanced products and securing approval from various governmental agencies.

Key instances include:

  • In Jan 2021, Prevail Therapeutics Inc. was acquired by Eli Lilly and Company, providing a novel approach to medication development.
  • In April 2021, the Brazilian Health Regulatory Agency ANVISA granted Bausch Health Companies Inc. licence to market VYZULTA (latanoprostene bunod ophthalmic solution) in the country.

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Key Segments Covered in Ischemic Optic Neuropathy Treatment Industry Research

Drug Class:

  • Corticosteroids
  • Antimetabolites
  • Anticoagulants
  • Serotonin and norepinephrine reuptake inhibitors (SNRIs)
  • Nonsteroidal Anti-Inflammatory Drugs (NSAIDs)

Route of Administration:

  • Oral
  • Injectable

Disease Type:

  • Posterior ischemic optic neuropathy
  • Anterior ischemic optic neuropathy
    • Arteritic AION (A-AION)
    • Non-Arteritic AION (NA-AION)

Distribution Channel:

  • Hospital Pharmacies
  • Retail Pharmacies
  • Drug Stores
  • Online Pharmacies

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