Ophthalmic Cancer Treatment Market Trends Shows a Rapid Growth by 2025
The global ophthalmic cancer treatment could witness a surge in demand due to the rise in geriatric population in the coming years. Ophthalmic cancer, which is generally known as eye cancer, is a malignancy that develops in the eye. Ophthalmic cancer treatment is used for various purposes. Eye cancer refers to the growth of abnormal cells around or inside the eye. It can also cause the development of tumor in the eyes.
Diabetic retinopathy caused due to diabetic complication is known to damage one’s vision. Retinal vein blockage can be another serious eye problem as the blockage is caused in the veins that carry blood to the eyes. Macular degeneration in people aging 50 years or above is known to be the most common eye condition. It is studied to deprive them of vision through one of their eyes at an old age. Pink eye which a.k.a. conjunctivitis is caused due to the inflammation of the conjunctiva.
The global ophthalmic cancer treatment market could be classified on the basis of class of drug, route of administration, end user, and geography.
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The global ophthalmic cancer treatment market is mainly pushed by the increase in the prevalence of eye cancer. Rise in the use of electronics devices is said to be one of the important reasons for the increase in the incidence of eye cancer. This could be because of harmful UV radiation directly hitting the eyes of smartphone, tablet, desktop, laptop, and other electronic device users. The greenhouse effect is also blamed for causing eye cancer. People having a weak immune system are prone to develop eye cancer. However, governments of different countries are taking various steps to provide better treatments at a minimal costs.
However, lack of knowledge about the early symptoms of eye cancer is predicted to deter the growth of the global ophthalmic cancer treatment market. It causes delay in the early stages of treatment, which are crucial for the patient. Furthermore, expensive cost of eye cancer treatment is pulling down the growth of the market as patients in underprivileged and underdeveloped parts of the world cannot afford it.
Geographically, the global ophthalmic cancer treatment market is spread across Europe, North America, MEA, Latin America, and Asia Pacific. Amongst the pack, North America and Europe have seen a high demand for ophthalmic cancer treatment due to the rise in the prevalence of ocular melanoma in people aging above 55 years. The melanoma type of cancer is found to be more common in the U.S. In Asia Pacific, choroidal melanoma is mainly seen among people aging more than 60 years.
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Some of the leading players of the global ophthalmic cancer treatment market are Johnson & Johnson, Genentech Inc., GlaxoSmithKline, Novartis AG, and F. Hoffmann La-Roche Ltd.