Anophthalmia and Microphthalmia Market Overview
Anophthalmia and Microphthalmia are two physical deformities that directly impact the vision and can cause blindness. The associated medicinal procedures can assist the anophthalmia and microphthalmia market to grow in the coming years. Prevalence of genetic disorders and other abnormalities such as exposure to X-rays, chemicals, drugs, pesticides, toxins, radiation, or viruses, increase the risk of anophthalmia and microphthalmia.
The Global Anophthalmia And Microphthalmia Market can expect a CAGR of 5.8% during the forecast period, reveals Market Research Future (MRFR). The detailed report includes genetic disorders, neurological abnormalities, and facial dysmorphisms as drivers that would have significant roles to play in the growth of the market.
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However, the treatment comes with a high price tag, and the reimbursement policy is not so favorable which is why the anophthalmia and microphthalmia market can experience some headwind during the forecast period (2017-2023).
Competitive Analysis:
Some of noteworthy players in the market are
- Bristol-Myers Squibb Company
- NUSAPURE
- ALLERGAN
- Aerie Pharmaceuticals Inc.
- Pfizer Inc.
- Valeant Pharmaceuticals International Inc.
- Bayer AG
- Genentech Inc.
- Novartis AG
- Regeneron Pharmaceuticals Inc.
- Shire
- and Santen Pharmaceutical Co. Ltd.
- and others.
Anophthalmia And Microphthalmia Market Segmental Analysis:
The global anophthalmia and microphthalmia market can be segmented by diagnosis, treatment, and end-user.
Based on diagnosis, the global anophthalmia and microphthalmia market can be segmented into the CT scan, MR scan, chromosome analysis, ultrasonography, and others.
Treatment-wise, the global anophthalmia, and microphthalmia market include surgery and others.
Based on end-user, the global anophthalmia and microphthalmia market comprises hospitals & clinics, research centers, and others.
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Anophthalmia And Microphthalmia Market Regional Analysis:
The Americas dominate the global anophthalmia and microphthalmia market owing to well-developed technology, increased patient pool with genetic disorders, high health care spending, and government support for research & development. Furthermore, increased R&D activities and the concentration of major companies have fuelled the growth of the market in this region.
Europe holds the second position in the global anophthalmia and microphthalmia market owing to the government support for research & development and availability of funds for research. This is expected to continue to drive the European market over the forecasted period.
Asia Pacific is the fastest growing anophthalmia and microphthalmia market owing to the presence of rapidly developing healthcare technology, huge patient population, and high healthcare expenditure. Moreover, increasing demand for new treatment methods in countries like India and South Korea is likely to emerge as the fastest growing market across the globe. Furthermore, increasing demand for quality devices in the healthcare is projected to lead the use of advanced equipment, which, in turn, may increase the growth of the anophthalmia and microphthalmia market in the region.
On the other hand, in the Middle East and Africa, blood disorders have become a huge problem due to limited screening, ignorance of diseases, and poor access to treatment.
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Intended Audience
- Pharmaceutical Companies
- Research and Development (R&D) Companies
- Government Research Institute
- Academic Institutes and Universities
- Medical Research Laboratories
- Market Research and Consulting Service Providers
- Potential Investors
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