The global ocular tuberculosis therapeutics market is forecasted to be valued at USD 753.2 million by 2032, up from USD 405.0 million in 2022 and is advancing at a CAGR of 5.8% during the forecast period.
| Report Attribute | Details |
|---|---|
| Ocular Tuberculosis Therapeutics Market Value (2022) | USD 405.0 Million |
| Ocular Tuberculosis Therapeutics Market Anticipated Value (2032) | USD 753.2 Million |
| Ocular Tuberculosis Therapeutics Projected Growth Rate (2022 to 2032) | 5.8% |
It is identified that ocular tuberculosis is a rare form of tuberculosis that infects various parts of an eye including the lid, cornea, or the surrounding areas. According to the data of WHO, tuberculosis is one of the top ten landing causes of death in the world.
Therefore, to minimize the death rate and the number of people affected by ocular tuberculosis, the ocular tuberculosis therapeutics market size is on the rise.
The demand for ocular tuberculosis therapeutics is increasing as there are a large number of cases of secondary ocular tuberculosis due to hematogenous spread from distant sites or by direct invasions from adjacent structures like the cranial cavity or sinus.
Therefore, it is anticipated that the population suffering from ocular tuberculosis are resorting to ocular tuberculosis therapeutics and the market is likely to witness significant growth during the forecast period.
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When given in the correct dosage, the various combination of drugs leads to the prevention of incidence of ocular tuberculosis, curing the disease. This factor is driving the market for ocular tuberculosis therapeutics.
Moreover, the growth of the ocular tuberculosis therapeutics market can be attributed to the rising demand for improved therapeutics that can treat tuberculosis, including ocular tuberculosis.
Furthermore, combination therapy in the ocular tuberculosis therapeutics market is being highly adopted because of the growing prevalence of multi-drug resistant tuberculosis.
In addition to this, the first-line drugs lie Rifampicin, Ethambutol, Isoniazid, and Pyrazinamide, which are being used at the initial stage of tuberculosis and are having high demand in the therapeutics market. Some second-line drugs in high demand are Fluoroquinolones, Cycloserine, Thioamides, and others. It is anticipated that the demand for these drugs is a key driving factor in the ocular tuberculosis therapeutics market and is likely to boost the demand for the product during the forecast period.
Furthermore, it is projected that the increased funding I clinical research and healthcare by both public and private institutions, along with government organizations, is a major factor leading to the expansion of the ocular tuberculosis therapeutics market.
It is anticipated that there is a lack of medical check-up protocol, which is expected to hinder the growth of the ocular tuberculosis therapeutics market over the upcoming years.
Furthermore, ocular tuberculosis is a very rare condition and is currently undergoing study and research. In regards to this, there is very limited availability of necessary therapeutics or other drugs for the treatment of tuberculosis in the eye. This factor is estimated to curb the growth of the ocular tuberculosis therapeutics market.
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North America is projected to hold the largest market share of the ocular tuberculosis therapeutics market. It is currently accountable for 36.0% of the total market share for the ocular tuberculosis therapeutics market.
This expansion and growth in the North American regions can be attributed to the increasing number of developments in the healthcare industry.
It is also anticipated that the North American region has a growing demand for better and advanced tuberculosis therapies, which is driving the expansion of the market size of the ocular tuberculosis therapeutics market.
The European region has a potential growth outlook for the ocular tuberculosis therapeutics market. It is currently accountable for 27.9% of the total market share of the ocular tuberculosis therapeutics market.
The growing demand for ocular tuberculosis therapeutics in this region is due to the increasing population of this region, coupled with rising disposable income, which is driving the populace to undergo therapies that cure ocular tuberculosis faster.
In addition to that, there are research grants offered by various organizations in this region in ocular tuberculosis therapeutics to bring in more product developments.
How are New Entrants Revolutionizing the Ocular Tuberculosis Therapeutics Market?
The start-up ecosystem in the ocular tuberculosis therapeutics market is intense with frequent innovations being made. Start-ups in the ocular tuberculosis therapeutics market are focusing on improvising the therapeutics for faster cure delivery to the patients.
Indian start-up Everwell has developed HealthTech technologies for patient adherence. The start-up’s digital adherence technology, 99DOTS, uses low-cost packaging with hidden codes to encourage patients to take their medications daily. It requires the patient to register daily adherence by communicating the hidden code via a toll-free call, SMS, or other channels.
Quartis, is a South Korean startup developing a novel TB vaccine. The start-up’s subunit vaccine, QTP101, target multiple antigens associated with virulence and latency.
Swedish start-up Astrego offers in-vitro diagnostics solutions to tackle antimicrobial resistance. The start-up’s PA-100 system uses a desktop instrument and specific panels for rapid screening. The auto-mated solution provides personalized antibiotic prescriptions for tuberculosis, as well as urinary tract infections, respiratory conditions, and sepsis.
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Who are some of the Key Market Players in the Ocular Tuberculosis Therapeutics Market?
Some of the ocular tuberculosis therapeutics market participants are AstraZeneca, Bayer HealthCare AG, Biological E, BioVersys, Cadila Pharmaceuticals, Concept Pharmaceuticals Ltd., Infectex, Johnson & Johnson, Labatec-Pharma SA, Lupin Pharmaceuticals Inc., Macleods Pharmaceuticals Ltd., Maneesh Pharmaceuticals, Novartis, Otsuka Novel Products, Pfizer, Pharmasyntez, Sandoz, Sanofi, Sequella, Inc., and Themis Medicare Ltd.
The key players in the market are involving themselves in the development of improvised therapeutics. They are receiving raised initiatives by the government for the promotion of research and development activities for bringing advanced solutions for ocular tuberculosis and fast-cure range of therapeutics in the global ocular tuberculosis therapeutics market
Some key developments in the ocular tuberculosis therapeutics market are:
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 5.8% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2016 to 2021 |
| Forecast Period | 2022 to 2032 |
| Quantitative Units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered | Treatment, End User, Region |
| Regions Covered | North America; Latin America; Europe; East Asia; South Asia; Oceania; Middle East and Africa |
| Key Countries Profiled | USA, Canada, Brazil, Argentina, Germany, UK, France, Spain, Italy, Nordics, BENELUX, Australia & New Zealand, China, India, ASEAN, GCC, South Africa |
| Key Companies Profiled | AstraZeneca; Bayer HealthCare AG; Biological E; BioVersys; Cadila Pharmaceuticals; Concept Pharmaceuticals Ltd.; Infectex, Johnson & Johnson; Labatec-Pharma SA; Lupin Pharmaceuticals Inc.; Macleods Pharmaceuticals Ltd.; Maneesh Pharmaceuticals; Novartis; Otsuka Novel Products; Pfizer; Pharmasyntez; Sandoz; Sanofi; Sequella, Inc.; Themis Medicare Ltd. |
| Customization | Available Upon Request |
The ocular tuberculosis therapeutics market is predicted to advance at a CAGR of 5.8% from 2022 to 2032.
The North American region is anticipated to lead the ocular tuberculosis therapeutics market during the forecast period.
The ocular tuberculosis therapeutics market is likely to hold a valuation of USD 753.2 million by 2032.
The healthcare and hospital sector are the key contributors to the ocular tuberculosis therapeutics market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast, 2022 to 2032 5. Global Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Treatment 5.1. First line treatment 5.1.1. Rifampicin 5.1.2. Isoniazide 5.1.3. Ethambutol 5.1.4. Pyrazinamide 5.2. Second line treatment 5.2.1. Fluoroquinolones 5.2.2. Aminoglycosides 5.2.3. Cycloserine 5.2.4. Polypeptides 5.2.5. p-Aminosalicylic Acid 5.2.6. Thioamides 5.3. Combination Therapy 6. Global Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End-User 6.1. Hospitals 6.2. Clinics 6.3. Ambulatory Surgical Centers 7. Global Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region 7.1. North America 7.2. Latin America 7.3. Europe 7.4. Asia Pacific 7.5. MEA 8. North America Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 9. Latin America Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 10. Europe Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 11. Asia Pacific Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 12. MEA Ocular Tuberculosis Therapeutics Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country 13. Key Countries Ocular Tuberculosis Therapeutics Market Analysis 14. Market Structure Analysis 15. Competition Analysis 15.1. AstraZeneca 15.2. Bayer HealthCare AG 15.3. Biological E 15.4. BioVersys 15.5. Cadila Pharmaceuticals 15.6. Concept Pharmaceuticals Ltd. 15.7. Infectex, Johnson & Johnson 15.8. Labatec-Pharma SA 15.9. Lupin Pharmaceuticals Inc. 15.10. Macleods Pharmaceuticals Ltd. 15.11. Maneesh Pharmaceuticals 15.12. Novartis 15.13. Otsuka Novel Products 15.14. Pfizer 15.15. Pharmasyntez 15.16. Sandoz 15.17. Sanofi 15.18. Sequella, Inc. 15.19. Themis Medicare Ltd. 16. Assumptions & Acronyms Used 17. Research Methodology
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Ocular Tuberculosis Therapeutics Market
