Corneal Ulcer Treatment Market Expected to Grow Significantly at 5.7% CAGR from 2022 to 2029

Increasing contact lens usage, emergence of new treatment options such as anti-amoebic drugs and well-established supply chain operations are expected to fuel the growth of the corneal ulcer treatment market. Various initiatives by global and regional organizations, governments, etc., aimed at eliminating avoidable blindness due to the use of contact lenses, are helping to raise awareness of corneal ulcer among the general public and ophthalmologists. Also, universities and non-profit organizations running eye check camps are doing more to raise awareness about corneal ulcers.

IMF – a well-established name in the field of market research – predicts that the corneal ulcer treatment market will see a major recovery in the coming years, reaching a valuation of $1.3 billion by 2029.

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“The low-cost drugs offered by generic drug manufacturers, especially in emerging countries, have significantly reduced the cost of treatment and are providing fierce competition to major players in the global corneal ulcer treatment market.”

Key Takeaways from the Corneal Ulcer Treatment Market Research

  • The treatment of broad-spectrum corneal ulcers using antibiotics is expected to gain traction and contribute more than 75% of the revenue share over the forecast period.
  • The growth of bacterial keratitis requiring antibiotics for treatment will significantly contribute to the segment’s revenue share.
  • Eye drops or ophthalmic ointments dominate the market by type of form, as they are relatively cheaper and do not require any other interventional and oral route for drug delivery.
  • By distribution channel, retail pharmacies are expected to gain more than 50% market share over the forecast period.
  • North America dominates the global corneal ulcer treatment market, while East Asia is expected to offer lucrative growth opportunities, owing to increasing healthcare infrastructure and industrialization.

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Acquisition – Key Strategy Followed by Leading Manufacturers

Key manufacturers in the Corneal Ulcer Treatment market are focusing on geographic expansion as well as increasing product offerings through partnerships and acquisitions. In order to evaluate a cost-effective therapy for the treatment of corneal ulcer, manufacturers evaluate new drugs through clinical trials. label study to assess the effects of Acthar Gel as a treatment option in patients with severe keratitis.

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Key Market Segments Covered by Corneal Ulcer Treatment Industry Research

By drug class:

  • Antibiotics
  • Antifungals
  • Antivirals
  • Corticosteroids
  • NSAIDs

By form:

  • Tablet
  • Eye drops/ointments
  • Vials

By administration:

By indication:

  • Bacterial keratitis
  • fungal keratitis
  • viral keratitis

Acanthamoeba keratitis:

  • By distribution channel
    • Hospital pharmacies
    • Retail pharmacies
    • Pharmacies
    • Online pharmacies
  • By region
    • North America
    • Latin America
    • Europe
    • South Asia
    • East Asia
    • Oceania
    • Middle East and Africa (MEA)

About Future Market Insights (IMF)
Future Market Insights (FMI) is a leading provider of market information and advisory services, serving clients in over 150 countries. FMI is headquartered in Dubai and has delivery centers in the UK, USA and India. FMI’s latest market research reports and industry analysis help businesses meet challenges and make critical decisions with confidence and clarity amidst fierce competition. Our custom and syndicated market research reports deliver actionable insights that drive sustainable growth. A team of analysts led by FMI experts continuously monitor emerging trends and events across a wide range of industries to ensure our clients are prepared for the changing needs of their consumers.

Future Market Insights (ESOMAR certified market research organization and member of the Greater New York Chamber of Commerce) provides in-depth insights into the driving factors that increase demand in the market. It reveals opportunities that will drive market growth in various segments on the basis of source, application, sales channel, and end-use over the next 10 years.

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