Retinal Disorder Treatment Market Size, Growth Drivers, Trends And Analysis 2024-2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Retinal Disorder Treatment Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $17.93 billion In 2028 At A CAGR Of 8.9%.

The retinal disorder treatment market size has grown rapidly in recent years. It will grow from $11.57 billion in 2023 to $12.74 billion in 2024 at a compound annual growth rate (CAGR) of 10.1%. The growth in the historic period can be attributed to introduction of anti-vegf therapies, aging population, increased incidence of retinal disorders, improved diagnostic tools for early detection, increased awareness and screening programs, expanded access to healthcare services.

The retinal disorder treatment market size is expected to see strong growth in the next few years. It will grow to $17.93 billion in 2028 at a compound annual growth rate (CAGR) of 8.9%. The growth in the forecast period can be attributed to patient-centric approaches in retinal healthcare, increasing global healthcare expenditure, greater focus on combination therapies for retinal disorders, rise of home-based retinal disorder monitoring, increasing adoption of implantable devices for retina treatment, adoption of regenerative medicine in retina treatment
. Major trends in the forecast period include advancements in ophthalmic imaging technologies, development of minimally invasive surgical techniques, integration of artificial intelligence in diagnostics, advancements in drug delivery technologies, integration of virtual reality in retinal rehabilitation, collaboration between research institutions and pharmaceutical companies, development of gene therapies for genetic retinal diseases.

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Retinal Disorder Treatment Market Major Segments
The retinal disorder treatment market covered in this report is segmented -

1) By Type: Macular Degeneration, Diabetic Retinopathy, Other Types
2) By Dosage Form: Gels, Eye Solutions, Capsules And Tablets, Eye Drops, Ointments
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy

Key Driver - Rising Incidence Of Retinal Disorders Fuels Momentum In The Retinal Disorder Treatment Market

The growing incidence of retinal disorders is expected to propel the growth of the retinal disorder treatment market going forward. Retinal diseases refer to medical conditions that affect the retina and the light-sensitive tissue at the back of the eye and can cause vision loss or severe visual impairment. Retinal disorder treatments help control and reduce the symptoms of retinal disorders by providing treatments such as laser therapy, vitrectomy, and retinal implants. For instance, in January 2023, according to the International Agency for the Prevention of Blindness, a UK-based international alliance, age-related macular degeneration (AMD) is projected to be responsible for about 5% of all blindness worldwide. Additionally, age-related macular degeneration diseases are expected to impact 288 million people by 2040. Therefore, the growing incidence of retinal disorders is driving the growth of the retinal disorder treatment market.

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Prominent Trend - Breakthrough Products Transforming The Landscape Of Retinal Disorder Treatment Market

Product innovations are a key trend gaining popularity in the retinal disorder treatment market. Major companies operating in the retinal disorder treatment market are introducing new products to sustain their position in the market. For instance, in January 2022, F. Hoffmann-La Roche AG, a Switzerland-based pharmaceutical company, received approval from the U.S. Food and Drug Administration (FDA) for Vabysmo, a bispecific antibody used to treat neovascular or wet age-related macular degeneration (AMD) and diabetic macular edema (DME). It is the first injectable eye medication that targets and inhibits two disease pathways that include angiopoietin-2 (Ang-2) and vascular endothelial growth factor-A (VEGF-A), linked to retinal diseases that may reduce vision. Clinical trials showed non-inferior vision improvements compared to conventional therapy, with a good safety profile. The approval represents a significant step forward in treating retinal diseases and offers patients the possibility of better eyesight and a lighter treatment load.

Retinal Disorder Treatment Market Players
Major companies operating in the retinal disorder treatment market report are Pfizer Inc., F. Hoffmann-La Roche Ltd., AbbVie Inc., Bayer AG, Novartis AG, Takeda Pharmaceutical Company Limited, Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Genentech Inc., Santen Pharmaceutical Co. Ltd., Apellis Pharmaceuticals Inc., Kubota Pharmaceutical Holdings Co. Ltd, Alimera Sciences Inc., Ocular Therapeutix Inc., EyePoint Pharmaceuticals Inc., Adverum Biotechnologies Inc., Kodiak Sciences Inc., Acucela Inc., IVERIC bio Inc., Oxurion NV, Graybug Vision Inc., Icon Bioscience Inc., Clearside Biomedical Inc., Aerpio Pharmaceuticals Inc., Neurotech Pharmaceuticals Inc., Ophthotech Corporation, Opthea Limited, PanOptica Inc., ThromboGenics NV

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Largest And Fastest Growing Region In The Market
North America was the largest region in the retinal disorder treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retinal disorder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Retinal Disorder Treatment Market Report Structure
3. Retinal Disorder Treatment Market Trends And Strategies
4. Retinal Disorder Treatment Market - Macro Economic Scenario
5. Retinal Disorder Treatment Market Size And Growth
…..
27. Retinal Disorder Treatment Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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