Future Market Insights, a leading market intelligence firm, reveals groundbreaking insights into the future of the Global Persistent Epithelial Defect Management Industry, projecting a substantial rise in market valuation. The latest report anticipates a robust 18% Compound Annual Growth Rate (CAGR) until 2033, culminating in a staggering US$ 44.49 billion valuation.
The comprehensive PED market report by Future Market Insights unveils a detailed analysis of current treatment practices, emerging drugs, and the market share of individual therapies. Spanning the period from 2018 to 2030, the report provides a segmented outlook across seven major markets. It delves into the nuances of the current PED symptoms treatment practices and algorithms, offering valuable insights for healthcare professionals, researchers, and industry stakeholders.
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The increasing partnerships and collaborations between numerous companies boost market growth. For instance, in October 2017, Bio-Tissue entered a strategic agreement with Optima Pharmazeutische GmbH, a pharmaceutical company that offers otorhinolaryngology, ophthalmology, and pneumology products. This agreement helps the company to distribute its Natural Ocular Cleanser in Germany. Thus, all these collaborations boost the growth of the market. Also, the increasing demand for hospitals surges the market grows rapidly. Most chronic disease diagnostics are majorly performed in hospitals since they are very complex and it requires technologically advanced products and thus this is boosting the market for hospital/clinical laboratories.
The enormous expenditure that is required for setting up these techniques hinders market growth. Numerous market players make huge investments in installing new and advanced machines to faster the process and in return, the cost is increased. This persistent corneal epithelial defects treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market.
North America’s persistent epithelial defects treatment market is expected to witness significant growth during the forecast period. The market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific persistent epithelial defects treatment market is projected to witness significant growth during the forecast period. The market was valued at a CAGR of around 17.7% in the mentioned forecast period.
Key Takeaways from the Global Persistent Epithelial Defect Management Industry Study
- The global Persistent Epithelial Defect Management Market is predicted to rise with a steady 18% CAGR from 2023 to 2033.
- The value of the North American region is US$ 98.8 million from 2023 to 2033.
- By 2033, the global Persistent Epithelial Defect Management Market is projected to reach a market size of US$ 49 Billion.
- An increase in partnerships and collaborations between numerous companies boosts market growth.
- North America’s market was valued at US$ 98.8 million in 2021 followed by the Asia-Pacific market was valued at a CAGR of 17.7%
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Competitive Landscape
Some of the top players in the Global Persistent Epithelial Defect Management Industry are:
- Dompe Farmaceutici
- OcuNexus Therapeutics
- Eyevance Pharmaceuticals
- Noveome Biotherapeutics
- RegeneRx Biopharmaceuticals
- Recordati Rare Diseases
- Mimetech
- Johnson & Johnson Services Inc.
- Bausch Health Companies Inc.
- Integra Lifesciences
Some of the important developments of the key players in the Global Persistent Epithelial Defect Management Industry are
- Kala Pharmaceuticals Acquires Combangio, Expanding its Pipeline with a Clinical-Stage Novel Biologic for the Treatment of Persistent Epithelial Defect (PED) and Other Rare Ocular Surface Diseases.
- Nexagon: OcuNexus Therapeutics, Eyevance PharmaceuticalsNexagon has a market advantage in the US, as it received orphan drug designation from the FDA. It is being developed by OcuNexus Therapeutics in partnership with Eyevance Currently, the drug is under phase II studies for PED.
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Key Segments Profiled in the Global Persistent Epithelial Defect Management Industry Report
Disease Type:
- Epithelial/Limbal
- Inflammatory Disease
- Neurotrophic Disease
- Others
End User:
- Hospitals/Clinical Laboratories
- Physician Offices
- Reference Laboratories
- Other End Users
Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East & Africa
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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