Market Overview

Global Neurotrophic Keratitis Treatment Market 2018-2022 | Use of rhNGF for Treatment to Boost Demand | Technavio

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Technavio
analysts forecast the global neurotrophic keratitis treatment market to
grow at a CAGR of over 4% during the forecast period, according
to their latest market research report.

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Technavio analysts forecast the global neurotrophic keratitis treatment market to grow at a CAGR of  ...

Technavio analysts forecast the global neurotrophic keratitis treatment market to grow at a CAGR of over 4% by 2022. (Graphic: Business Wire)

The use of rhNGF is one of the major trends being witnessed in the global
neurotrophic keratitis treatment market 2018-2022
. The rhNGF is
regarded as a promising therapy for the neurodegeneration of the central
and peripheral nervous systems as well as for several other pathological
conditions related to the immune system. It is a protein that is
naturally produced by the body, and it promotes the development and
survival of nerve cells, including those of the retina.

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According to Technavio analysts, one of the key factors contributing to
the growth of the global neurotrophic keratitis treatment market is the
growing geriatric population:

Global neurotrophic keratitis treatment market:
Growing geriatric population

The geriatric population has been growing significantly over the last
few years globally. Age-related changes in the cornea and ocular surface
tissues have a major effect on vision.

According to a senior analyst at Technavio for research on infectious
and rare diseases, "Changes in peripheral nerves, including a
reduction in the number of specialized peripheral receptors and the
deterioration of myelinated and unmyelinated axons, are known to occur
with age. Moreover, the number of mucous cells in the conjunctiva may
decrease with age. Tear production may also decrease with age, which
will make the eyes dry. These changes explain why older people are more
likely to develop dry eyes. Thus, the growth of the geriatric population
is expected to trigger the growth of neurotrophic keratitis treatment
market."

Global neurotrophic keratitis treatment market:
Segmentation analysis

The global neurotrophic keratitis treatment market research report
provides market segmentation by product (TA, rhNGF, and others) and by
region (the Americas, EMEA, and APAC). It provides an in-depth analysis
of the prominent factors influencing the market, including drivers,
opportunities, trends, and industry-specific challenges.

Of the two major products, TA and rhNGF, the TA segment held the largest
market share in 2017, contributing to over 42% of the market. This
application segment will dominate the global market throughout the
forecast period.

The Americas held the largest share of the market in 2017, accounting
for close to 40% share, followed by EMEA and APAC respectively. The
dominance of the region can be attributed to the rise in the number of
product approvals in the US and the increase in funding from various
organizations for the development of new drugs for the treatment of
neurotrophic keratitis.

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  • Competitive scenario

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