Hyperopia Market

Hyperopia, also known as farsightedness, is a refractive defect in which distant objects are usually seen more clearly, but closer objects appear to be blurred. When the eyeball is shorter than normal or has a cornea (clear front window of the eye) that is too flat, hyperopia appears. As a consequence, instead of on it, light rays focus behind the retina.

Eyeglasses or contact lenses are the most widely used options for correcting hyperopia. In other cases, people may choose to correct hyperopia with refractive surgery. The purpose of treating hyperopia with the use of corrective lenses or refractive surgery is to help concentrate light on the retina.

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The Hyperopia Market Research Report covers emerging drugs, current treatment practices, market share of the individual therapies, current and forecasted Hyperopia market Size from 2017 to 2030 segmented by seven major markets. 

The report provides a detailed current Hyperopia treatment practice/algorithm, market drivers, market barriers, and unmet medical needs to curate the best of the opportunities and assess the underlying potential of the market. 

Hyperopia Market Key Facts

• In the year 2020, the total prevalent cases of Hyperopia were 87,668,351 in the 7MM. 

• The United States, in 2020, accounted for nearly 18% of the total 7MM cases. Among the EU-5 countries, the highest number of cases of Hyperopia were in Germany, i.e. 15,077,878 cases in the year 2020, which are estimated to rise by the year 2030.

• Japan accounted for about 25% of the total 7MM prevalent cases of Hyperopia in 2020.

• In 2020, there were 41,352,241 mild cases, and 27,490,954 moderate-to-severe cases in the 7MM.

• The least number of prevalent cases in 2020 were accounted by Spain, i.e. 7,045,565 cases.

• Around 2/3rd of hyperopia cases are observed in the geriatric population (age 60 years and above).

Key Benefits of Hyperopia Market Report

• The market report provides an in-depth analysis of Hyperopia Market Size, Share, Trend, and Epidemiology Forecast till 2030 in the seven major markets (i.e. the United States, EU5 (Germany, Italy, Spain, France, and the UK) and Japan.

• The report will help in developing business strategies by understanding the Hyperopia Market Trends, recent developments, key players, and future market competition that will shape and drive the market growth in the upcoming years.

• The market report covers the Hyperopia current treatment practices, emerging drugs, market share of the individual therapies in the seven major markets.

• The report provides a detailed assessment of the Hyperopia market in terms of market drivers & barriers, unmet needs, market opportunities, patient population, detailed comparative analysis of pipeline products including clinical and non-clinical stage products, and other factors. 

Hyperopia Market

The growth of the Hyperopia market is expected to be mainly driven by the increasing prevalence of hyperopia primarily due to an upsurge in the geriatric population and a rise in awareness.

The current therapeutic landscape of Hyperopia in the 7MM is driven by prescription lenses and approved surgeries. The market for hyperopia is estimated to grow modestly for the period 2018-2030. The pharmaceutical competitive landscape for hyperopia is not too much crowded. Hardly any companies have inclined their attention towards this area.

The market outlook section of the report helps to build a detailed comprehension of the historic, current, and forecasted Hyperopia market size and share by analyzing the impact of current therapies on the market, unmet needs, drivers, and barriers, and demand for better technology.

The report gives a thorough detail of the Hyperopia market trend of each marketed drug and late-stage pipeline therapy by evaluating their impact based on the annual cost of therapy, inclusion and exclusion criteria, mechanism of action, increasing patient pool, covered patient segment, expected launch year, competition with other therapies, brand value, their impact on the market and view of the key opinion leaders.

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Hyperopia Epidemiology

The epidemiology section covers insights about the historical and current Hyperopia patient pool and forecasted trends for every seven major countries from 2017 to 2030. It helps to recognize the causes of current and forecasted trends by exploring numerous studies and views of key opinion leaders. The epidemiology section also provides the diagnosed patient pool and their trends along with assumptions undertaken.  

Hyperopia Drugs Uptake and Pipeline Development Activities

The drugs uptake section focuses on the rate of uptake of the potential drugs recently launched in the Hyperopia market or expected to get launched in the market during the study period. The analysis covers the Hyperopia market uptake by drugs; patient uptake by therapies; and sales of each drug.   

Report’s Drugs Uptake section helps in understanding the drugs with the most rapid uptake, reasons behind the maximal use of new drugs and allow the comparison of the drugs on the basis of market share and size which again will be useful in investigating factors important in market uptake and in making financial and regulatory decisions.

The report also covers the Hyperopia Pipeline Development Activities and provides valuable insights about different therapeutic candidates in Phase II, and Phase III stages and the key companies in the market involved in developing targeted therapeutics. It also analyses the recent Development such as collaborations, acquisitions, and mergers, licensing patent details, and other information for emerging therapies.

The pipeline of hyperopia is not robust. The existing emerging pipeline of Hyperopia is poor, there is hardly any drug in the pipeline, and the ones in the emerging pipeline are either lens or surgical options. The existing unmet need for safe and efficient long-term treatment provides a great potential for the advancement of new therapies.

Currently, Nevakar is developing two drugs, namely NVK-029 and NVK-031, directed toward targeting refractive errors I and II, respectively.

Table of Content

1. Key Insights

2. Executive Summary 

3. Hyperopia Competitive Intelligence Analysis

4. Hyperopia Market Overview at a Glance

5. Hyperopia Disease Background and Overview

6. Hyperopia Patient Journey

7. Hyperopia Epidemiology and Patient Population

8. Hyperopia Treatment Algorithm, Current Treatment, and Medical Practices

9. Hyperopia Unmet Needs

10. Key Endpoints of Hyperopia Treatment

11. Hyperopia Marketed Products

12. Hyperopia Emerging Therapies

13. Hyperopia Seven Major Market Analysis

14. Attribute Analysis

15. Hyperopia Market Outlook (7 major markets)

16. Hyperopia Access and Reimbursement Overview

17. KOL Views on the Hyperopia Market.

18. Hyperopia Market Drivers

19. Hyperopia Market Barriers

20. Appendix

21. DelveInsight Capabilities

22. Disclaimer

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DelveInsight Business Research is a leading Market Research, and Business Consultant focused purely on Healthcare. It helps pharma companies by providing them with end-to-end services to solve their business problems.

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