The Ischemic Optic Neuropathy Treatment Market To Grow Through Partnerships Amongst Market Participants

Ischemic optic neuropathy occurs because of a small vessel infraction of the optic nerve, and is a significant reason for impaired vision or blindness. Increasing utilization of newly approved intravitreal implants for the treatment of optic nerve disorders is expected to drive the market over the coming years.

With developing awareness toward eye-associated inconveniences that give rise to impaired vision, diabetic patients and the geriatric population in developed nations are believed to have a proactive methodology for treatment-associated difficulties instead of reactive treatment, which likewise supports the development of the market.

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Key Takeaways from Market Study

• Anticoagulants are expected to contribute over 47% revenue share in the market by 2031.
• Anterior ischemic optic neuropathy is expected to account for more than 75% of the global market share. These neuropathies contribute 90% of the total ischemic optic neuropathies that occur worldwide.
• Oral route is the most preferred route of administration, and is expected to dominate the market with a share of over 71% by 2031.
• Among all the distribution channels, retail pharmacies accounted for more than 45% of the market share in 2020.
• North America holds the highest share in the global market for ischemic optic neuropathy treatment, owing to availability of advanced treatment facilities and medical infrastructure for ischemic optic neuropathy treatment in the country.
• The U.S. holds a big portion of global revenue, and accounts for more than 90% share in the North American market.
• Key players are focused on strengthening their clinical pipelines through discoveries of novel abuse-deterrent formulations.

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From 2016 to 2020, the global ischemic optic neuropathy treatment market expanded at a CAGR of around 3.2%. Technological advancements in the treatment of ischemic optic neuropathy combined with the presence of alternative drugs are projected to drive development of the market across the globe over the forecast years.

Ischemic optic neuropathy is a disorder leading to degeneration of the optic nerves. Although generally optic nerve disorders are inherited, some of them develop over time. This condition is one of the significant reasons leading to severely impaired vision or blindness, normally among middle-aged and elderly people.

Increase in the elderly population together with rising awareness of taking precautionary measures for detection to avoid further deterioration of the condition has prompted a rise in the interest for optic nerve disorder surgeries and drugs, which has boosted development of the market.

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Considering these statistics and shift in dynamics, the market for ischemic optic neuropathy treatment is forecast to expand at a nominal CAGR of close to 4% over the coming 10 years, and observe an increase in the value from US$ 193.8 Mn in 2021 to over US$ 278.7 Mn by the end of 2031.