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Retinal Biologics Market Set For High Growth with CAGR of 11.9% by 2029: Key Factors and Market Trends Unveiled
Retinal Biologics Market
What Is The Projected Market Size Of The Global Retinal Biologics Market And Its Growth Rate?
The retinal biologics market has seen substantial growth. Key market growth numbers include:
• Market size in 2024: $25.17 billion
• Growth rate from 2024 to 2025: 12.9% with a market size of $28.42 billion
• Market size in 2029: $44.51 billion at a compound annual growth rate (CAGR) of 11.9%.
Factors such as increased incidence of retinal disorders, aging population, rising awareness leading to early diagnosis, evolving healthcare infrastructure, and increasing healthcare expenditure contribute to the historical period growth. While the forecast period growth can be attributed to expanding therapeutic applications, personalized medicine, emerging market growth, a strong pipeline of biologics, collaborations and partnerships, government initiatives and support.
What Is Driving The Growth In The Retinal Biologics Market?
One of the major growth drivers of the retinal biologics market is the increasing prevalence of diabetic eye disease. This complication of diabetes leads to vision loss and blindness in individuals with the condition. Retinal biologics present the potential for more precise and effective treatment options for early intervention and improved outcomes in preventing vision loss associated with diabetic eye disease. This has been underscored by the notable rise in diabetes patients; for instance, in 2022, 5.3% of the Australian population (about 1.3 million people) had diabetes, according to the Australian Bureau of Statistics, marking a significant increase from 3.3%.
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Who Are the Key Players Driving Retinal Biologics Market Growth?
Participants in the retinal biologics market include the following key players:
• Regeneron Pharmaceuticals Inc.
• AbbVie Inc.
• MeiraGTx Limited.
• Oxurion NV.
• Novartis AG.
• Amgen Inc.
• Spark Therapeutics Inc.
• Bayer AG.
• Bausch Health Companies Inc.
• Merck & Co. Inc.
• Santen Pharmaceutical Co. Ltd.
• Pfizer Inc.
• Boehringer Ingelheim.
• Eyenovia Inc.
• EyePoint Pharmaceuticals Inc.
• Iveric Bio Inc.
• Kodiak Sciences Inc.
• Aerie Pharmaceuticals Inc.
• Alimera Sciences Inc.
• Ocular Therapeutix Inc.
• Acucela Inc.
• Clearside Biomedical Inc.
• Ophthotech Corporation.
• Xcovery Holdings.
• Athenex Inc.
• Fidia Farmaceutici S.p.A.
• Eton Pharmaceuticals Inc.
What Are The Key Trends In The Retinal Biologics Market?
Key trends in the retinal biologics market include:
• Non-invasive delivery methods.
• Real-world evidence utilization.
• Expanded indications.
• Regulatory pathway streamlining.
• Patient-centric outcomes.
What Are The Segments Of The Global Retinal Biologics Market?
The retinal biologics market is segmented by the following:
• 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.
Which Region Leads The Retinal Biologics Market?
North America was the largest region in the retinal biologics market in 2024. However, Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retinal biologics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Retinal Biologics Market Global Market Report?
• Market Size Analysis: Analyze the Retinal Biologics Market size by key regions, countries, product types, and applications.
• Market Segmentation Analysis: Identify various subsegments within the Retinal Biologics Market for effective categorization.
• Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
• Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
• Market Contribution: Evaluate contributions of different segments to the overall Retinal Biologics Market growth.
• Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
• Industry Challenges: Analyze challenges and risks affecting the Retinal Biologics Market.
• Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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