Retinal Vein Occlusion Market Growth Drivers, Strategic Analysis, Market Share, Key Trends And Forecast To 2033

The retinal vein occlusion market size has grown rapidly in recent years. It will grow from $13.79 billion in 2023 to $15.43 billion in 2024 at a compound annual growth rate (CAGR) of 11.9%. The growth in the historic period can be attributed to aging population, advancements in diagnostic imaging, pharmaceutical developments, increased diabetes prevalence.

The retinal vein occlusion market size is expected to see rapid growth in the next few years. It will grow to $23.08 billion in 2028 at a compound annual growth rate (CAGR) of 10.6%. The growth in the forecast period can be attributed to innovative treatment approaches, telemedicine and remote monitoring, personalized medicine, regulatory approvals. Major trends in the forecast period include non-invasive treatment options, gene therapy breakthroughs, patient-centric care, digital health tools.

Market Overview -
Retinal vein occlusion (RVO) is a medical condition that occurs when a blockage or obstruction in the veins carries blood away from the retina, the light-sensitive tissue at the back of the eye. (RVO) can be avoided by preventing other blood vessel illnesses that raise the risk of RVO. This can be controlled by consuming a low-fat diet, regular exercise and maintaining a healthy weight.

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Rising Prevalence Of Eye Disorders Fuels Growth In The Ocular Drug Delivery Market
An increase in the prevalence of eye disorders is expected to propel the growth of the ocular drug delivery market going forward. Eye disorders refer to a wide range of conditions that affect the eyes, vision, or the structures surrounding the eyes. The increased incidence of renal vein occlusion drives growth in the renal vein occlusion market, fostering demand for innovative diagnostics and treatments to address this condition. For instance, in March 2023, according to the World Health Organization, a Switzerland-based United Nations agency, globally, 2.2 billion people will have a near- or far-sighted impairment, according to estimates, cataracts (94 million) and uncorrected refractive problems (88.4 million) are the main causes of visual loss or impaired vision. In addition, glaucoma (7.7 million cases), corneal opacities (4.2 million cases), diabetic retinopathy (3.9 million cases) and trachoma (2 million cases) are the other common causes of vision loss. Therefore, the increasing prevalence of eye disorders will drive the retinal vein occlusion market.

Competitive Landscape -
Major players in the retinal vein occlusion market are Pfizer Inc., Roche Holding AG, Merck & Co. Inc., Bayer AG, Novartis AG, Bristol-Myers Squibb Company, Amgen Inc., Allergan PLC, Regeneron Pharmaceuticals Inc., Biogen Idec Inc., Vertex Pharmaceuticals Inc., Bausch Health Companies Inc., Carl Zeiss AG, Santen Pharmaceutical Co. Ltd., Lumenis Ltd., Coherus Biosciences Inc., Genentech Inc., Topcon Corporation, Nidek Co. Ltd., IRIDEX Corporation, Alimera Sciences Inc., Ocular Therapeutix Inc., EyePoint Pharmaceuticals Inc., Kodiak Sciences Inc., Ellex Medical Lasers Ltd., Adverum Biotechnologies Inc., Avik Pharmaceutical Limited (Avik), Outlook Therapeutics Inc., Annexin Pharmaceuticals AB, Ingenia Therapeutics Inc.

Pioneering Innovations In The Retinal Vein Occlusion Market To Gain Competitive Advantage
Companies operating in the retinal vein occlusion market are adopting novel approaches to enhance patient care and treatment outcomes and sustain their position in the market. Advancements in drug development can increase treatment options for RVO, providing more targeted and effective treatment. For instance, in April 2023, Iridex Corporation, a US-based ophthalmic medical technology company, launched the next-generation Iridex PASCAL. The brand-new platform offers a cutting-edge technology package that combines rapid and accurate pattern scanning abilities, endpoint management technology, a pattern scanning laser trabeculoplasty and micropulse technology in a more compact, ergonomically designed integrated laser platform to provide individualized care to patients with retinal disease.

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Key Segments -
The retinal vein occlusion market covered in this report is segmented -
1) By Type: Branch Retinal Artery Occlusion; Central Retinal Vein Occlusion
2) By Condition: Non-Ischemic; Ischemic
3) By Diagnosis: Optical Coherence Tomography; Fundoscopic Examination; Fluorescein Angiography
4) By Treatment: Antivascular Endothelial Growth Factor; Corticosteroid Drugs; Laser Retinal Photocoagulation
5) By End User: Hospitals And Clinics; Research And Academics Centers; Other End-Users

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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