Global pterygium drug market is rising gradually with a substantial CAGR in the forecast period of 2019-2026.
Market Definition: Global Pterygium Drug Market
Pterygium is also known as Surfer’s eye which is defined as an ocular degenerative condition of the non-cancerous growth of tissues on the surface of cornea of the eyes. It is characterized by the pinkish wing-shaped ocular surface lesion around the cornea. The patients with pterygium may experience dryness, grittiness, redness, pain and diminished vision. It is mostly affected in geriatric population.
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Major Market Competitors/Players
Few of the major competitors currently working in the global pterygium drug market are Novartis AG, Johnson & Johnson Services, Inc., Bausch Health, Sun Pharmaceutical Industries Ltd, ALLERGAN, Merck & Co., Inc, Pfizer Inc, XOMA, Allgenesis Biotherapeutics Inc, EyePoint Pharmaceuticals, Cloudbreak Therapeutics LLC, Enzo Biochem Inc., AbbVie Inc, TopiVert Ltd, Santen Pharmaceutical Co., Ltd., Regeneron Pharmaceuticals Inc, HanAll Biopharma, DAIICHI SANKYO COMPANY, LIMITED, Alphamab Co. Ltd, Coherus BioSciences, Ligand Pharmaceuticals Incorporated, Clearside Biomedical, Inc. and many others.
Market Segmentations:
By Type (Progessive Pterygium and Atrophic Pterygium), Stage Type (Stage 0, Stage 1, Stage 2, Stage 3, Stage 4), Treatment Type (Medication and Surgery), Route of Administration (Oral, Injectable and Topical), End- Users (Hospitals, Homecare, Specialty Clinics, Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa)
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Market Drivers
- Ongoing clinical trial studies being carried out by many pharmaceuticals industries acts as a driver for this market
- Exposure to certain toxin or change in environment may increase the pterygium disease which boosts the market growth
- Prevalence of indoor as well as outdoor allergens also enhances the market growth
- Increase in prevalence rate of pterygium disease worldwide plays an important role in the growth of this market
Market Restraints
- Effective treatment is either unavailable or unaffordable acts as a restraining factor for this market
- Patent expiry from many companies and introduction of generic drugs is expected to restrain the growth of the market.
- Inadequate knowledge about pterygium disease in some developing countries is also hampering the market growth
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According MarketsandMarkets Research – The Rat Model Market is expected to reach USD 588.9 million, at a CAGR of 8.7%.Application of Rat Model in Detailed:Rat model applications in various therapeutic indications such as toxicology, oncology, diabetes, neurology, immunology and infectious diseases, and others (rare disease, cardiovascular, metabolic disease, hematopoiesis, and regenerative medicines) coupled with the increase in R activities carried out by pharmaceutical and biotechnology companies drive the growth of rat model marketDIABETES:Rats are considered to be excellent experimental models for understanding the complex genetic basis of diseases such as diabetes.
However, it is quite difficult to carry out research studies in human beings, owing to problems such as genetic heterogeneity and lack of controlled lifestyles.
Rat models act as suitable models to study specific genetic mutations and to understand the function of genes on a homogeneous genetic background.Browse 132 market data tables and 47 figures spread through 253 pages and in-depth TOC | Request Research Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=76036494Market Segmentation in Depth:On the basis of type, the rat model market is segmented into outbred rats, inbred rats, knockout/genetically engineered rats, hybrid/congenic rats, conditioned/surgically modified rats, and immunodeficient rats model.
Knockout/genetically engineered rats segment is expected to grow at the highest CAGR during the forecast period.
The high growth rate of knockout/genetically engineered rats segment can be attributed to the use of this type of rat model to carry out researches on disease such as oncology, obesity, heart disease, diabetes, arthritis, drug abuse, anxiety, aging, and Parkinson’s.On the basis of services, the rat model market is segmented into breeding, cryopreservation, quarantine, rederivation, model in-licensing, genetic testing, and others such as surgical services, line rescue services, and in vivo pharmacology services.
The cryopreservation segment is estimated grow at the highest CAGR during the forecast period, as this segment help in obtaining the genetic material of rats even after the reproductive lifespan of these rats is over.
