Retinal Disorder Treatment Market Size, Growth, Market Analysis, Segmentation, And Forecast To 2033

"The Business Research Company recently released a comprehensive report on the Global Retinal Disorder Treatment Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, 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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Market Drivers and Trends:

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.

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.

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Major Key Players of the Market:

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

Retinal Disorder Treatment Market 2024 Key Insights:

• 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%.
• Rising Incidence Of Retinal Disorders Fuels Momentum In The Retinal Disorder Treatment Market
• Breakthrough Products Transforming The Landscape Of Retinal Disorder Treatment Market
• North America was the largest region in the retinal disorder treatment market in 2023

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