July 31, 2020

Eye Melanoma Drug Market Size, Industry Growth with key Business Influencing Factors| AbbVie Inc, Amgen Inc, Bristol-Myers Squibb Company.

Eye Melanoma Drug Marketis a type of cancer that develops in the cells of eye that produce melanin. Eye melanoma generally occur in the middle of the three layers of the eye i.e., in between the sclera, retina, and uvea. Eye melanoma typically doesn't show early signs or symptoms, this makes eye melanoma difficult to detect but on later symptoms include a sensation of flashes or specks of dust in vision (floaters), growing dark spot on the iris, change in the shape of the pupil at the center of the eye, poor or blurry vision in one eye and loss of peripheral vision.

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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Competitive Analysis: Global Eye Melanoma Drug Market

Few of the major competitors currently working in Global Eye Melanoma Drug 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 Pointers Covered in the Global Eye Melanoma Drug Market Trends and Forecast to 2026

  • Global ¬†¬†Eye Melanoma Drug Market New Sales Volumes
  • Global ¬†¬†Eye Melanoma Drug ¬†Market Replacement Sales Volumes
  • Global ¬†¬†Eye Melanoma Drug Market Installed Base
  • Global ¬†¬†Eye Melanoma Drug Market By Brands
  • Global ¬†¬†Eye Melanoma Drug Market Size
  • Global ¬†¬†Eye Melanoma Drug ¬†Market Procedure Volumes
  • Global ¬†¬†Eye Melanoma Drug Market Product Price Analysis
  • Global ¬†¬†Eye Melanoma Drug Market Healthcare Outcomes
  • Global ¬†¬†Eye Melanoma Drug Market Cost of Care Analysis
  • Global ¬†¬†Eye Melanoma Drug Market Regulatory Framework and Changes
  • Global ¬†¬†Eye Melanoma Drug Market Prices and Reimbursement Analysis
  • Global ¬†¬†Eye Melanoma Drug Market Shares in Different Regions
  • Recent Developments for Global ¬†¬†Eye Melanoma Drug Market Competitors
  • Global ¬†¬†Eye Melanoma Drug Market Upcoming Applications
  • Global ¬†¬†Eye Melanoma Drug Market Innovators Study

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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

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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Key insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key Market players involved in this industry
  • Detailed analysis of the Market Segmentation
  • Competitive analysis of the key players involved

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