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Retinal Disorder Treatment Market Share, Trends, Future Outlook, Analysis and Forecast 2023-2030

01-25-2024 07:00 PM CET | Health & Medicine

Press release from: Orion Market Research

Retinal Disorder Treatment Market Share, Trends, Future

The global retinal disorder treatment market is anticipated to grow at a CAGR of 11.2% during the forecast period (2023-2030). Retinal disorders have both high prevalence and incidence in the geriatric population and diabetic patients, boosting the retinal disorder treatment market. According to the National Institute of Health (NIH), in April 2022, the major issue in the elderly population is the high prevalence of sight-threatening conditions, age-related macular degeneration (AMD), diabetic retinopathy, glaucoma, and cataracts. AMD is the leading cause of blindness in elderly patients in developed countries. In 2020, approximately 196 million people globally were affected by AMD, with a global prevalence of 8.7%. According to the latest predictions, the number of AMD patients will increase to 288 million people in 2040, as a consequence of the exponential increase in population ageing.

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Geographic atrophy has a devastating impact on patients' lives and can lead to irreversible vision loss. For instance, in August 2023, Astellas Pharma Inc. announced the US (FDA) approved IZERVAY™ (avacincaptad pegol intravitreal solution) for the treatment of geographic atrophy (GA) secondary to age-related macular degeneration (AMD). IZERVAY, a new complement C5 inhibitor, is the only approved GA treatment with a statistically significant reduction (p

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Company Name: Orion Market Research

About Orion Market Research

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offers Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

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