Ophthalmology Market Growing, But Eye Drug Earnings Potential Held by Few
Glaucoma and wet age-related macular degeneration sub-markets dominated the larger ophthalmology market with 36 percent and 32 percent shares, respectively, in 2011. By 2018, wet-AMD is expected to overtake glaucoma with 37 percent of the market, while glaucoma shrinks to 23 percent losing out to dry eye syndrome and diabetic macular edema.
Of he six largest ophthalmologic drug companies that control 70 percent of the market, Alcon, which was recently acquired by drug company Novartis, and Allergan have the biggest earnings potential in near-future drug development. Glaukos, the privately held company behind the iStent device for glaucoma treatment, is also promising, according to the report.
More Articles on Ophthalmology:Central Utah Clinic Opens New Eye Clinic, Adds Ophthalmologist
Common Coding Mistakes in Ambulatory Surgery Centers: 6 Specialties to Know (Part 2 of 3)
San Antonio Eye Center Adds Weekly Pediatric Clinic
© Copyright ASC COMMUNICATIONS 2016. Interested in LINKING to or REPRINTING this content? View our policies by clicking here.
To receive the latest hospital and health system business and legal news and analysis from Becker's Hospital Review, sign-up for the free Becker's Hospital Review E-weekly by clicking here.
- Zacks weighs in on Tenet shares — 3 notes
- 4 key points on NYU Langone Medical Center & Winthrop-University Hospital's affiliation & their growing ASC network
- Top 10 states with the highest HIV diagnoses rates
- 5 things to know about the new healthcare scam linked to the ACA
- Auditors claim Obama administration illegally distributed payments to payers under ACA reinsurance program — 5 key points