Global Optic Neuritis Treatment Market to Grow by CAGR of ~5% During 2022 – 2031

Optic Neuritis Treatment

Research Nester published a report titled Optic Neuritis Treatment Market: Global Demand Analysis & Opportunity Outlook 2031which delivers a detailed overview of the global optic neuritis treatment market in terms of market segmentation by treatment type, indication, end-user, and region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, and supply and demand risk, along with a detailed discussion of current and future market trends that are associated with the growth of the market.

The global optic neuritis treatment market is projected to grow at a CAGR of ~5% by attaining a revenue of about USD 300 million during the forecast period, i.e., 2022 – 2031. Factors, such as, booming cases of bacterial infections and the growing prevalence of syphilis are anticipated to propel the growth of the market during the forecast period. For instance, about 1 million individuals died on account of antibiotic-resistant bacterial infections. Additionally, based on the report published by the Centers for Diseases Control and Prevention (CDC), about 133,945 cases of syphilis were reported in 2020.

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Furthermore, by end-user, the global optic neuritis treatment market is segmented into ambulatory surgery centers, clinics, hospitals, and others. Out of these sub-segments, the hospitals segment is estimated to obtain a noteworthy share in the market during the forecast period. The growth of the segment can be accounted to the availability of enhanced medical equipment and the presence of trained medical professionals. However, a higher patient pool in the hospitals is also estimated to major growth driver of the market over the forecast period. Around 29% of emergency department visits are observed to be completely unnecessary.

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Furthermore, the global optic neuritis treatment market, by region, is bifurcated into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa region. Out of these regions, the market in the North America region is estimated to grow at a significant pace over the forecast period on the back of escalating adoption of steroids and increasing cases of bacterial infections. Another report published by the Centers for Diseases Control and Prevention (CDC) showed that more than 2.8 million individuals are affected by antimicrobial-resistant infections every year solely in the U.S. Such factors are estimated to hike the growth of the market over the forecast period in the region.

The research is global in nature and covers a detailed analysis of the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of the Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook, etc. have also been covered and displayed in the research report.

Spiking Global Geriatric Population to Foster the Growth of the Market

Based on the data provided by the World Bank, the global geriatric population was 747,238,580 in 2020.

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People aged 65 or above are more likely to have vision-related conditions where the vision starts to diminish gradually. Additionally, vision loss caused by nerve damage can occur more frequently in the elderly population than in younger ones. One of the most common causes of optic neuritis is inflammatory demyelination of the optic nerve. Therefore, such conditions are anticipated to propel the growth of the market during the forecast period.

However, side effects of treatment such as weight gain and increased blood pressure are expected to operate as a key restraint to the growth of the global optic neuritis treatment market over the forecast period.

This report also provides the existing competitive scenario of some of the key players in the global optic neuritis treatment market which includes company profiling of Santen Pharmaceutical Co., Ltd., Mallinckrodt plc, AbbVie Inc., Novartis AG, Sanofi-aventis Groupe, AdvaCare International, Hikma Pharmaceuticals PLC, Henry Schein, Inc., Fresenius Kabi USA, and Pfizer Inc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials, and recent news and developments.

On the whole, the report depicts a detailed overview of the global optic neuritis treatment market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching for possibilities, and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.     

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By Vipul Rai

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