Market Trends of Global Uveitis Treatment Industry
This section covers the major market trends shaping the Uveitis Treatment Market according to our research experts:
Corticosteroids Segment is Expected to Dominate the Market Among Treatment Type Segment During the Forecast Period
Corticosteroids are found dominating the uveitis treatment market as they are first-line therapies for uveitis management and are given systemically or locally, in the form of drops, periocular injection, intravitreal suspension, or intravitreal implant. They are the most preferred option over biologics however researchers are currently exploring biological therapies for the treatment of uveitis. The main advantage of corticosteroids is their ability to quickly and effectively control inflammation early on in the course of uveitis.
In March 2021, according to an article titled 'The global incidence and diagnosis of fungal keratitis' published in Lancet Infectious Diseases, between 1 and 1.4 million fungal eye infections occur in developing countries per year, leaving over 600,000 people blind in one eye. Thus, the increasing prevalence of chronic and viral eye infections requires efficient medication, adoption of corticosteroid medication has increased which is likely in the foreseeable future to maintain the pace of the market for life uveitis market. Some of the available marketed corticosteroids are PRED FORTE (Prednisolone Acetate 1% Ophthalmic Suspension) by AbbVie (Allergan) and Novartis' DUREZOL are used in the management of uveitis. Available ophthalmic suspensions and eye drops in the market were found to produce uveitis mediated quick pain relief, hence this segment will witness steady growth during the forecast period.
North America is Expected to Hold a Significant Share in the Market and Expected to do Same in the Forecast Period
North America is found dominating the market owing to the rising prevalence of uveitis disease in the United States. A rising research and development activities for uveitis treatment and a strong foothold of major players in the region are driving this region's rapid expansion.
Uveitis is the leading cause of blindness in the United States with a gradual rise in prevalence. In the year 2021, according to a data by 'Eye Health Statistics', Cataracts currently affect more than 24.4 million Americans over age 40, untreated cataract leads to total blindness. Nearly 1 million eye infections occur in the United States each year that are severe enough to require a trip to an eye doctor or a hospital. A large majority of these are related to the inappropriate use of contact lenses. In October 2021, Fresenius Kabi, a German-based company launched an adalimumab injectable biosimilar (Idacio) in Canada. This drug is indicated for adult noninfectious uveitis, and pediatric chronic noninfectious anterior uveitis, and others. Due to better healthcare services and the high number of people suffering from eye infections in this region, the market is expected to hold the largest share in the coming period.
