Optic Nerve Disorders Drugs Market Revenue, Opportunity, Forecast and Value Chai

Posted by vakhas on January 16th, 2019

The optic nerve consists of more than one million nerve fibers and its function is to carry visual messages to the brain. Optic nerve disorders cause damage to the nerve due to factors ranging from infection to trauma. Damage to an optic nerve can cause vision loss, reduction in visual acuity, loss or reduction in color vision, pupil response abnormality and others. Optic nerve disorders drugs are used for the treatment and mitigation of optic nerve disorders.

Optic Nerve Disorders Drugs Market: Dynamics

The growing incidences of optic nerve disorders are the demand drivers of the optic nerve disorders drugs market. Optic neuritis affects adults between the ages of 25 to 45 years. The incidence rate of optic neuritis is 5 out of 100000 each year. Almost 3 million Americans suffer from glaucoma resulting in more than 120,000 blind patients and accounting for 9% to 12% of all cases of blindness. According to the World Health Organization, Glaucoma is the second leading cause of blindness in the world after cataracts.

The large economic burden of optic nerve disorders is another driver of the optic nerve disorders drugs market. Glaucoma alone accounts for over 10 million physician’s visits each year in the U.S. and costs over .5 billion annually in terms of lost income social security benefits,, and health care expenditures.

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The growing risk factors such as autoimmune diseases, diabetes and bacterial infection are the driving factors of optic nerve disorders. Growing screening rates and the advent of magnetic resonance spectroscopy and healthcare penetration is another driver of the optic nerve disorders drugs market. Exposure to toxins and drugs such as, Ethambutol, Amiodarone, Tobacco, Ethylene glycol, and others, is driving the optic nerve disorders drugs market.

Factors restraining the optic nerve disorders drugs market include poor efficacy and efficiency, high cost and lack of ophthalmology hospitals in developing nations. Lack of awareness and the low efficacy and efficiency of drugs coupled with the lack of curative treatment for some optic nerve disorders such as glaucoma is restraining the optic nerve disorders drugs market.

Optic Nerve Disorders Drugs Market: Overview

Based on regions, the global optic nerve disorders drugs market is classified into North America, Latin America, Europe, CIS & Russia, Japan, Asia-Pacific excluding Japan (APEJ), and the Middle East & Africa (MEA). North America is expected to account for the largest share in the global optic nerve disorders drugs market owing to large incomes and excellent reimbursements. The excellent support of the US government programs such as Prescription assistance programs, Resources for macular degeneration and glaucoma, Medicare, Medicaid, Social Security and others is driving a large optic nerve disorders market.