Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market – Industry Trends and Forecast to 2030

Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market Analysis and Size

Asia-Pacific persistent corneal epithelial defects treatment market is projected to witness significant growth during the forecast period. Although several therapies exist and an increasing number of novel approaches are evolving, treatment of this disease can still be quite challenging. It is essential to treat the underlying causative condition, which includes infection, limbal stem cell deficiency, or diabetes, to facilitate wound healing. The introduction of the latest technology development offers numerous therapies for treating several complications caused by the disorder and the increase in the incidence of market growth.

Data Bridge Market Research analyses a growth rate in the persistent corneal epithelial defects treatment market in the forecast period 2023-2030. The expected CAGR of persistent corneal epithelial defects treatment market is tend to be around 5% in the mentioned forecast period. The market was valued at USD 1.9 billion in 2022, and it would grow upto USD 2.81 billion by 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework. 

Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market Scope and Segmentation

Market Definition

Persistent Corneal Epithelial Defects (PCED/ PED) are typically characterized by the failure of rapid re-epithelialization and closure within the range of 10-14 days after a corneal injury, that is combined with standard supportive treatment. This corneal condition results in the disturbance of the corneal surface and the exposed eyes are susceptible to stromal ulceration, scarring, and infections.

Persistent Corneal Epithelial Defects Treatment Market Dynamics

Drivers

• Increased Partnerships and Collaborations

The increasing partnerships and collaborations between numerous companies boost the market growth. For instance, in October 2017, Bio-Tissue entered a strategic agreement with Optima Pharmazeutische GmbH, a pharmaceutical company which offers otorhinolaryngology, ophthalmology, and pneumology products. This agreement helps the company to distribute its Natural Ocular Cleanser in Germany. Thus, all these collaborations boost the growth of the market.

• Higher Demand of Hospitals

The increasing demand of hospitals surge the market growth rapidly. Most chronic disease diagnostics are majorly performed in hospitals as they are very complex and it requires technologically advanced products and thus this is boosting the market for hospital/clinical laboratories.

Opportunities

• Increase in Eye Surgeries and Contact Lenses

Growing cases of eye surgeries and the higher usage of contact lenses is projected to boost the market growth. For instance, in 2019, Cindy Tromans published a study on “Therapeutic Contact Lenses”. The study expected that a persistent epithelial defect (PED) could have several different etiologies that includes viral or fungal corneal, bacterial infections PED can occur after thermal or chemical burns that leads to slow healing after surgery. Development of novel therapeutics will increase the market and create new opportunities for the growth.

• Increasing Demand of Treatment Types

Lubricant eye drops are the first line treatment for the PCED treatment, but are usually insufficient to treat PCED. Oxervate is one of the most effective treatment methods for persistent corneal epithelial defects treatment was launched in January 2019, so the acceptability is very low for this product and the pharmaceutical product are more costly compared to device such as Oxervate costs USD 47,200, whereas punctal plug costs nearly USD 27 and bandage contact lens cost about USD 57. Thus, increasing demand for the treatment types boost the market growth.

Restraints/Challenges

• Lack of skilled professionals

The lack of qualified healthcare professionals who cannot treat the patients with appropriate treatments could reduce the growth of the Asia-Pacific persistent corneal epithelial defects treatment market over a forecast period.

• High Cost of Treatment

The huge expenditure required for developing these techniques obstruct the market growth. Numerous market players make huge investment in manufacturing new and advanced machines to faster the process and in return the cost is increased.

This persistent corneal epithelial defects treatment market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the persistent corneal epithelial defects treatment market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market

The persistent corneal epithelial defects treatment market is segmented on the basis of clinical causes, type, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Clinical Causes

• Inflammatory Disease
• Neurotrophic Keratitis (NK)
• Epithelial/Limbal Stem Cell Deficiency
• Others

Type

• Devices
• Medication

End User

• Hospital/Clinical Laboratories
• Physician Offices
• Reference Laboratories
• Others

Distribution Channel

• Direct Tender
• Retail Sales
• Other

Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market Regional Analysis/Insights

The persistent corneal epithelial defects treatment market is analyzed and market size insights and trends are provided by clinical causes, type, end-user and distribution channel as referenced above.

The major countries covered in the persistent corneal epithelial defects treatment market report are the China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC).

Singapore is growing with a growth rate due to the increased number of geriatric population, increasing healthcare expenditure, and relatively increasing PCED cases.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Asia-Pacific Persistent Corneal Epithelial Defects Treatment Market Share Analysis

The persistent corneal epithelial defects treatment market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to persistent corneal epithelial defects treatment market

Key players operating in the persistent corneal epithelial defects treatment market t include:

• Dompé farmaceutici S.p.A (Italy)
• Novartis AG (Switzerland)
• Abbvie,Inc (U.S.)
• Johnson & Johnson Services, Inc. (U.S.)
• Laboratoires Théa. (France)
• Almirall, S.A (Spain)
• Ocular Science (U.S.)
• Kala Pharmaceuticals (U.S.)
• Bausch Health Companies Inc (Canada)
• Integra LifeSciences (U.S.)
• BioTissue (Florida)

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