(Photo Courtesy: www.theoptometrist.com)
The treatment market for glaucoma will rise in value from $2.4 billion in 2013 to approximately $3 billion by 2023 across the seven major markets (7MM) of the US, France, Germany, Italy, Spain, UK, and Japan, representing a moderate overall Compound Annual Growth Rate (CAGR) of 2.4 percent, says research and consulting firm GlobalData.
The company's latest report states that growth will be driven by the arrival of innovative first-in-class drugs, such as Rhopressa/Roclatan, Vesneo, and Trabodenoson, and the introduction of additional fixed-dose combination (FDC) products, such as Tapcom/Taptiqom and Simbrinza, during the forecast period.
According to Dr Catherine Daly, GlobalData's senior analyst covering Neurology and Ophthalmology, sales for glaucoma treatment will remain relatively flat until 2016, followed by a period of sustained growth due to the arrival of pipeline drugs.
Dr Daly says: "The six products anticipated to enter the 7MM during the forecast period will collectively generate sales of $672 million by 2023, constituting a 22.2 percent share of the global market.
"Aerie's Roclatan is forecast to achieve the highest sales among these drugs, and is expected to generate approximately $262 million in 2023. Significant uptake of Roclatan in the US, due to the drug's enviable position of becoming the first prostaglandin, analog-containing FDC product available in this large arena, will be the main overall market driver."