Market Highlights:
The Nystagmus Market is expected
to reach USD 3,924 Million by 2030 at 7.8% CAGR during the forecast period
2022-2030. Nystagmus is a vision-related medical disease. The study identified
the following as the most common forms of Nystagmus; neurologic Nystagmus (6.8
per 10,000 population), Nystagmus associated with low vision such as congenital
cataracts (4.2 per 10,000), and Nystagmus associated with retinal diseases such
as achromatopsia.
Increasing prevalence of rare diseases, rising demand for better
treatment, increasing investment in biotechnology and pharmaceutical industries
for R&D, and availability of funds are driving the growth of the market.
Moreover, increasing government support for research & development,
changing lifestyle, and rapidly developing technology is expected to fuel the
market growth during the forecast period. However, high cost of the treatment
may slow the market growth during the period.
Regional Analysis:
The Americas dominate the global Nystagmus market owing to the presence
of a huge patient population with eye problem, high healthcare spending, and
increasing government support for research & development.
Europe holds the second largest share of the global Nystagmus market as
result of increasing focus of various government agencies on the treatment of
eye diseases. Moreover, the growing public awareness about Nystagmus is likely
to boost the European market.
The Asia Pacific region is expected to be the fastest growing region and
is anticipated to compete with the American and European region during the
forecasted period 2017-2023. Japan holds the major share of the regional market
due to the availability of advanced technology and huge healthcare spending.
Moreover, rapidly developing economy, increasing healthcare expenditure, and
the government’s initiatives for research & development is projected to
drive the market in China and India over the forecasted period.
The Middle East and Africa hold the least share of the global market due
to limited availability of medical facilities. The U.A.E., Saudi Arabia, and
Kuwait are expected to drive the Middle East & African market whereas, the
African region is expected to witness a moderate growth.
Segmentation:
The Nystagmus is segmented on the basis of type, diagnosis, treatment,
and end-users.
Based on the type, the market is segmented into infantile, latent
nystagmus, noonan syndrome, and nystagmus blockage syndrome.
On the basis of the diagnosis, the market is segmented into CT scan, MR
scan, chromosome analysis, ultrasonography, and others.
On the basis of the treatment, the market is segmented into medications,
surgical, and others.
On the basis of the end-user, the market is segmented into hospitals
& clinics, research centers, specialty eye clinics, and others.
Key Players:
The global Nystagmus market players are
Bristol-Myers Squibb Company, NUSAPURE, ALLERGAN, Aerie Pharmaceuticals, Inc.,
Pfizer Inc., Valeant Pharmaceuticals International, Inc., Bayer AG, Genentech,
Inc., Novartis AG , Regeneron Pharmaceuticals, Inc., Shire, and Santen
Pharmaceutical Co., Ltd., and others.
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