The eye melanoma market report is a window to the industry which talks about what market definition, classifications, applications, engagements and market trends are. The report gives CAGR value fluctuation during the forecast period of 2019-2026 for the market. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. The eye melanoma market study also evaluates the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
Global Eye Melanoma Drug Market By Infected Site (Sclera, Retina and Uvea), Diagnosis (Eye Exam, Eye Ultrasound, Angiogram, Optical Coherence Tomography and Biopsy), Treatment (Radiation Therapy, Laser Treatment, Photodynamic Therapy, Cryotherapy and Surgery), Mechanism of Action (Targeted Drugs and Immunotherapy Drugs), Drugs Type (Pembrolizumab, Ipilimumab, Dacarbazine, Temozolomide and Others), Route of Administration (Oral, Topical, Intravenous and Others), End-Users (Hospitals, Homecare, Specialty Clinics and Others), Geography (North America, Europe, South America, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Global eye melanoma drug market is expected to grow at a substantial CAGR of in the forecast period of 2019-2026. The report contains data of the base year 2018 and historic year 2017. This rise in market value can be attributed to the increasing prevalence of the eye cancer, growing geriatric population, development in the healthcare expenditure and the government support for the research & development for new and better treatment have fueled the market growth.
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Key market players in the global eye melanoma market are Merck & Co., Inc, F. Hoffmann-La Roche Ltd, GlaxoSmithKline plc, Novartis AG, Pfizer Inc, Sanofi, AbbVie Inc, Amgen Inc, AstraZeneca, Bristol-Myers Squibb Company, Bayer AG, Johnson & Johnson Services, Inc, , Carl Zeiss AG, Optovue, Incorporated, Siemens, Koninklijke Philips N.V, Castle Biosciences, Inc, Spectrum Pharmaceuticals, Inc, Gilead Sciences, Inc and others.
Key Developments in the Market:
- In February 2019, Provectus Company received Orphan Drug designation from the US FDA for PV-10, a small molecule oncolytic immunotherapy, for the treatment of eye melanoma including all melanoma disease affecting the eye and orbit. Intratumoral injection of small molecule oncolytic immunotherapy PV-10 can induce immunogenic cell death in solid tumors and stimulate tumor-specific reactivity in circulating T cells. Orphan Drug designation status provides benefits to the company that include seven years of market exclusivity following marketing approval, tax credits on U.S. clinical trials and waiver of certain administrative fees
- In March 2017, Aura Biosciences, Inc received Fast Track designation from the US FDA for AU-011, an investigational new molecule for the treatment of eye melanoma. This is a different class of treatment which has the tendency of selectively destroying the cancer cells using a light-activated viral nanoparticle .Currently very few treatments are available for eye melanoma, these treatments destroy the tumor cells effectively but partial or complete vision loss may occur. but AU-011 has a potential of being a safe and novel therapeutic option that can improve the outlook of the patients
Competitive Analysis:
Global eye melanoma drug market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of eye melanoma drug market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Market Drivers
- Increasing prevalence of the eye cancer is the factor driving the market growth
- Rising healthcare expenditures in developing countries also acts as a driver for this market.
- Growing geriatric population can also boost the market growth
- Increasing research and development investments in the field of ocular cancer by the major players of the market is also driving the growth of this market
Market Restraints
- Lack of awareness amongst people about eye melanoma is restricting the growth of the market
- High cost of diagnostics, and surgical procedures for eye melanoma can also hamper the growth of this market
- Less number of approved drugs for eye melanoma acts as a market restraint
- Long approval time for the drugs is hindering the market growth
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Segmentation: Global Eye Melanoma Drug Market
By Infected Site
- Sclera
- Retina
- Uvea
- Iris
- Choroid Layer
- Ciliary body
By Diagnosis
- Eye Exam
- Eye Ultrasound
- Angiogram
- Optical Coherence Tomography
- Biopsy
By Treatment
- Radiation Therapy
- Laser Treatment
- Photodynamic Therapy
- Cryotherapy
- Surgery
By Mechanism of Action
- Targeted drugs
- Immunotherapy drugs
By Drugs Type
- Pembrolizumab
- Ipilimumab
- Dacarbazine
- Temozolomide
By Route of Administration
- Oral
- Topical
- Intravenous
- Others
By End-Users
- Hospitals
- Homecare
- Specialty Clinics
- Others
By Geography
- North America
- Europe
- Asia-Pacific
- South America
- Middle East & Africa
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