Press release
Rising Macular Degeneration Cases Boost Market Growth: Major Factor in the Transformation of the Inherited Retinal Disease Market in 2025
Inherited Retinal Disease Market Size
The market size for inherited retinal disease has been experiencing a robust growth in the past few years. Its projection shows an increase from $11.56 billion in 2024 to $12.58 billion in 2025, having a compound annual growth rate (CAGR) of 8.8%. Factors contributing to the growth during the historical period involve the acceptance of gene therapy, regulatory incentives, expansion of patient registries, increase in clinical trials, and the surge in solutions focused on patient needs.
We anticipate a robust expansion in the inherited retinal disease market in the coming years, with a predicted value reaching $17.42 billion in 2029 based on a compound annual growth rate (CAGR) of 8.5%. The growth over this forecast period can be linked to the rising application of CRISPR, the advent of customized treatments, the emphasis on regenerative medicine, the proliferation of patient advocacy, as well as efforts towards enhancing patients' quality of life. Key trends during this period are expected to encompass progress in optogenetics technology, the creation of artificial retina implants, burgeoning digital health platforms, the incorporation of artificial intelligence into disease modeling, and the application of AI in treatment planning.
What Key Elements Are Boosting Growth in the Inherited Retinal Disease Market?
The escalating incidence of macular degeneration is poised to fuel the expansion of the inherited retinal disease market in the future. As an age-specific eye disorder, macular degeneration deteriorates the macula, causing central vision loss and complicating tasks like reading or identifying people. Factors like aging populations, increased life expectancy, as well as lifestyle habits like smoking and inadequate nutrition, which raise risks, are causing the rise in macular degeneration cases. Treatments for inherited retinal diseases address macular degeneration by focusing on the genetic root causes of retinal decay. These therapies curb the progression of the disease, rehabilitate lost sight, or even avert further damage to the retina, ultimately bettering visual results and life quality for those suffering from age-related or hereditary forms of macular degeneration. For example, the Canadian Ophthalmological Society, a non-profit organization based in Canada, reported in February 2024 that 2.5 million Canadian individuals above the age of 55 lose their vision due to age-related macular degeneration (AMD). Thus, the upward trend in macular degeneration cases is boosting the inherited retinal disease market's growth.
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Who Are the Major Industry Players Fueling Inherited Retinal Disease Market Expansion?
Major companies operating in the inherited retinal disease market are Johnson & Johnson, Novartis AG, Astellas Pharma Inc., Biogen Inc., Vertex Pharmaceuticals Inc., Ionis Pharmaceuticals Inc., Invitae Corporation, Spark Therapeutics, Aldeyra Therapeutics, Regenxbio Inc., IVERIC bio, MeiraGTx Limited, Ocugen Inc., Coave Therapeutics, Bionic Vision Technologies, GenSight Biologics SA, LKC Technologies Inc., Sparing Vision, ProQR Therapeutics NV, Endogena Therapeutics
What Are the Latest Innovations in the Inherited Retinal Disease Market?
Leading corporations in the inherited retinal diseases market are concentrating on the development of novel therapies, such as mutation-agnostic gene therapy, to offer comprehensive treatment options and address a breadth of genetic variations related to these diseases. Rather than focusing on specific mutations, mutation-agnostic gene therapy targets broader genetic mechanisms or pathways, making it suitable for a variety of genetic disorders. For example, Nanoscope Therapeutics Inc, an American biotech firm, announced in March 2024 that MCO-010, their primary program, had successful clinical trial results, showing vision improvements in patients with permanent and severe vision loss due to advanced retinitis pigmentosa. MCO-010 met its primary and key secondary objectives with statistical significance, and there were no serious adverse events.
How Is the Segmentation of the Inherited Retinal Disease Market Defined?
The inherited retinal disease market covered in this report is segmented -
1) By Type: Diagnosis, Therapy
2) By Disease Type: Retinitis Pigmentosa, Choroideremia, Stargardt Disease, Cone-rode Dystrophy, Leber Congenital Amaurosis, Other Diseases
3) By Distribution Channel: Retail Sales, Direct Tender
4) By End Users: Hospitals, Speciality Clinics, Ambulatory Surgical Centres, Home Healthcare, Other End Users
Subsegments,
1) By Diagnosis: Genetic Testing (Genetic Screening), Retinal Imaging (Fundus Photography, Optical Coherence Tomography (OCT)), Electrophysiological Testing (Electroretinography), Visual Field Testing, Fundus Autofluorescence Imaging
2) By Therapy: Gene Therapy, Stem Cell Therapy, Retinal Prosthesis (Artificial Retina), Pharmacological Therapy (Gene Editing, Retinal Drugs), Photoreceptor Rescue Therapy
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What Is the Leading Region in the Inherited Retinal Disease Market?
North America was the largest region in the inherited retinal disease market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the inherited retinal disease market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Is Covered In The Inherited Retinal Disease Global Market Report?
- Market Size Analysis: Analyze the inherited retinal disease Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the inherited retinal disease 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 inherited retinal disease market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the inherited retinal disease market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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