Pfizer Inc. (U. S.), Johnson & Johnson Consumer Inc. (U. S.), Sun Pharmaceutical Industries Ltd. (Mumbai), Bayer AG (Germany), Novartis Pharmaceuticals Corporation (U.S.), XOMA (U.S.), and Shasun are some of the leading players at the cutting edge of the competition in the market of scleritis, globally.
Global Scleritis Market – Overview
The sclera is the white colored outer coating of the eye which helps in the movement of the eye. Scleritis is an inflammatory disease in that sclera becomes severely inflamed and red. This disease may occur in single or in both the eyes. There are various forms of scleritis depending upon the location of the inflammation like diffuse sclerosis, nodular sclerosis, and necrotizing scleritis. Some of the common symptoms associated with scleritis are a pain in eye movement, excessive tearing, decreased or blurry vision, sensitivity towards the light, deep-seated headaches, eye irritation, and double vision.
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It is more common in women as it is associated with autoimmune diseases, whereas men are more likely to have infectious scleritis than women. It can be diagnosed using ultrasonography, complete blood count, and biopsy among others.
The global scleritis market is growing with the prompt pace. The market is forecast to establish a significant growth by 2025, beyond its previous growth records in terms of value with a striking CAGR of 6.02% during the anticipated period (2018–2025). The global scleritis market is showing significant growth due to the rising focus of key players towards the scleritis market, with the growing opportunities and gaps between the market demand and supply of effective treatments, increase in the patient populace. Thus, companies are more interested in research and development activities to introduce the best treatment to meet the unmet needs in the market. Further factors such as the risks involved in the surgery are hindering the growth of the Market.
The new developments in the market help the companies to meet the demand of the market and maximize the profit share across the globe. Many companies such as Pfizer Inc. (U. S.), Johnson & Johnson Consumer Inc. (U. S.), Sun Pharmaceutical Industries Ltd. (Mumbai), Bayer AG (Germany), Novartis Pharmaceuticals Corporation (U.S.), XOMA (U.S.), and Shasun working together to minimize the gap between demand and supply of the market. Moreover, to increase their market share various players are entering into developing countries such as India, China, Malaysia, and Brazil. The government of these regions is more focus to adopt better treatment for their natives. Thus, government focusing on introducing cost-effective treatment or a way out to reimburse the cost of treatment.
Global Scleritis Market – Regional Analysis
The market for scleritis is much highly developed in the Americas region. Growing patient population, the presence of major market players, and increasing awareness about scleritis are some of the major factors driving the growth of this market.
Europe is also considering the second position in the market for scleritis players, owing to the presence of huge population affected by the disease. Government is more focused to educate their public in order to minimize the patient population about scleritis.
The market of scleritis is growing rapidly in Asia Pacific region, owing to increasing prevalence of eye infection case and increasing incidence rate of eye surgeries. These are the factor which leads the rise in the scleritis affected the patient population in this region. Countries such as India and China are the more focused market for major market players owing to the huge patient population suffering from disease, and growing purchasing power as compared to other countries in this region. Most of the countries of this region have the common lifestyle and economic conditions. The government of developing countries within this region are more focusing towards new technology and advance treatment option, thus more research and development programs are initiated for the development of better treatment. Japan is a well-developed country and has well-established healthcare system and technology, whereas developing countries are still focusing on better technology for the treatment, this gap between the developed and developing countries will present significant growth opportunities for the scleritis market players in the next few years.
There are huge opportunities and challenges for improving health systems in the Middle East and Africa region. Countries of Africa region are seeking to address simultaneously a range of infectious diseases. However, the health systems that are trying to cope with these challenges are underdeveloped relative to those in other regions.
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