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Retinal Biologics Market Size, Share, Analysis, Trends, Growth, Drivers And Forecast 2023-2032
Retinal Biologics Market Report
The Business Research Company's Retinal Biologics Global Market Report 2023 identifies the increasing prevalence of diabetic eye disease as the major driver for the retinal biologics market's growth in the forecast period. Diabetic eye disease is a complication of diabetes that affects the eyes by causing vision loss and blindness in people with diabetes. Retinal biologics hold the potential for more precise and effective treatment options, allowing for earlier intervention and improved outcomes in preventing vision loss associated with diabetic eye disease.
The global retinal biologics market size is expected to grow from $19.83 billion in 2022 to $22.48 billion in 2023 at a compound annual growth rate (CAGR) of 13.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of retinal biologics market is expected to reach $35.46 billion in 2027 at a CAGR of 12.1%.
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Major competitors in the retinal biologics market are Pfizer Inc., F. Hoffmann-La Roche Ltd, Merck & Co Inc, AbbVie Inc., Bayer AG.
A key trend in the retinal biologics market includes product innovation. Major companies operating in the retinal biologics market are focused on developing innovative products to strengthen their position and gain a competitive advantage. For instance, in May 2023, F. Hoffmann-La Roche Ltd., a Switzerland-based healthcare company, announced that the U.S. Food and Drug Administration had accepted the company's supplemental biologics license application (sBLA) for Vabysmo (faricimab) for the treatment of macular edema following retinal vein occlusion (RVO).
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The retinal biologics market is segmented -
•By Drug Class: Vascular Endothelial Growth Factor (VEGF)-A Antagonist, Tumor Necrosis Factor (TNF)-A Inhibitor
•By Indication: Macular Degeneration, Diabetic Retinopathy, Uveitis, Diabetic Macular Edema, Other Indications
•By Distribution Channel: Hospitals, Pharmacies, Specialty Clinics, Online Pharmacies, Other Distribution Channels
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the retinal biologics market.
The Business Research Company's "Global Retinal Biologics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Retinal Biologics Market Include:
1. Executive Summary
2. Retinal Biologics Market Characteristics
3. Retinal Biologics Market Trends And Strategies
4. Retinal Biologics Market - Macro Economic Scenario
5. Global Retinal Biologics Historic Market Size and Growth
……
32. Global Retinal Biologics Market Competitive Benchmarking
33. Global Retinal Biologics Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Retinal Biologics Market
35. Retinal Biologics Market Future Outlook and Potential Analysis
36. Appendix
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