Thyroid eye disease is the inflammation of the eye muscles, eyelids, tear glands and fatty tissues behind the eye. The inflammation leads to swelling of the eye, eyes and eyelids become red and eye ca be pushed forward. The movement of the eye also affects, as both eyes do not move in sync which may result in the double vision.
Thyroid eye disease also known as Graves’ Orbitopathy or Ophthalmopathy which is an autoimmune condition, this condition often affects thyroid gland and makes it hyperactive in most of the cases. The thyroid eye disease can affect anybody whose thyroid gland is overactive or underactive or even functioning normally. Around 25% of people with graves’ disease can develop thyroid eye disease.
Increasing prevalence of the autoimmune conditions like thyroid eye disease is the prominent driver in the thyroid eye treatment market. In developing countries, increasing number of patients who seek the advice from ophthalmologists rather than general physician further helping to enhance patient compliance driving the growth of the thyroid eye treatment market. Increasing number of thyroid related problems further expected to drive the growth of the thyroid eye treatment market.
The severity level of the thyroid eye disease is chronic in about 50% of patients which makes the treatment even more necessary and prolong, increased treatment duration further expected to drive the growth of thyroid eye treatment market. Improving healthcare infrastructure, increasing number of ophthalmologists expected to enhance the quality of thyroid eye treatment, driving the growth of the thyroid eye treatment market. Increasing early diagnosis rate and subsequent treatment seeking rate expected to fuel the growth of the market in developing regions as well.
Manufacturers in the thyroid eye treatment market are focusing on the developing novel therapy for the thyroid eye in turn contributing significantly to the market growth. Whereas, lack of any definitive thyroid eye treatment approach may hamper the growth of the thyroid eye treatment market.
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The global thyroid eye treatment market is segmented on the basis of drug type,, route of administration, distribution channel and region
By the drug type, the global thyroid eye treatment market can be segmented as:
- Corticosteroids
- Vitamins
- Monoclonal Antibody
- Others
By route of administration, the global thyroid eye treatment market can be segmented as:
- Oral
- Topical
By distribution channel, the global thyroid eye treatment market is segmented as:
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
The manufacturers in the thyroid eye treatment market are taking extended efforts to develop novel therapy for the thyroid eye treatment. For example, University of Michigan Kellogg Eye Center is evaluating teprotumumab for the thyroid eye treatment. By drug type, the global thyroid eye treatment market is expected to be dominated by the corticosteroids. By route of administration, the global thyroid eye treatment market is expected to be dominated by topical. By distribution channel, the thyroid eye treatment market is expected to be dominated by retail pharmacies due to higher patient footfall.
North America is expected to be the most lucrative region in the global thyroid eye treatment market due to higher prevalence of the disease in the region. Latin America thyroid eye treatment market is expected to witness steady growth owing to increasing treatment seeking rate.
Europe is expected to be the second most lucrative thyroid eye treatment market owing to superior availability of the treatment options. Asia-Pacific is expected to be the emerging thyroid eye treatment market due to improving state of infrastructure in the region. Middle East & Africa is expected to be the least lucrative region in the global thyroid eye treatment market due to lower diagnosis and treatment seeking rate.
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Market Players
The key participants operating in the global thyroid eye treatment market are:
- Bausch And Lomb Inc.
- Kala Pharmaceuticals Inc.
- Pharmos Corp.
- Hi-Tech Pharmacal Co Inc.
- Allergan plc.
- Novartis AG
- Eyevance Pharmaceuticals LLC
- Pfizer Inc.
- Horizon Therapeutics plc.
The report covers exhaustive analysis on:
- Market Segments
- Market Dynamics
- Historical Actual Market Size, 2013 – 2017
- Market Size & Forecast 2018 to 2024
- Market Current Trends/Issues/Challenges
- Competition & Companies involved
- Market Drivers and Restraints
Regional analysis includes
- North America
- Latin America
- Europe
- Asia Pacific
- Middle East & Africa
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Report Highlights:
- Shifting Industry dynamics
- In-depth market segmentation
- Historical, current and projected industry size recent industry trends
- Key Competition landscape
- Strategies for key players and product offerings
- Potential and niche segments/regions exhibiting promising growth
- A neutral perspective towards market performance