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Top Factor Driving Ranibizumab Market Growth in 2025: Global Rise In Eye Diseases Drives Growth Of Ranibizumab Market
Ranibizumab
The increasing prevalence of eye diseases is expected to propel the growth of the ranibizumab market. Eye diseases can impair vision and are rising due to aging populations, lifestyle changes, and the increase in chronic conditions like diabetes. Ranibizumab is used to treat eye diseases such as age-related macular degeneration and diabetic retinopathy. For instance, in August 2023, the WHO reported that about 2.2 billion people worldwide suffer from some form of vision impairment. As the prevalence of eye diseases rises, the demand for ranibizumab will grow.
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What is the future CAGR of the ranibizumab market, and how will it impact industry expansion?
The ranibizumab market has grown steadily in recent years. It is expected to increase from $2.66 billion in 2024 to $2.78 billion in 2025, at a CAGR of 4.6%. Factors contributing to this growth include the expansion of clinical trials in emerging markets, rising prevalence of age-related macular degeneration (AMD), greater awareness of retinal diseases, increased incidence of diabetic retinopathy, government initiatives, and higher healthcare spending.
The ranibizumab market is set to grow to $3.3 billion by 2029 at a CAGR of 4.3%. This growth is driven by ongoing research, the introduction of biosimilars, combination therapies, teleophthalmology, expanding indications, and favorable reimbursement policies. Trends include advancements in biotechnology, drug delivery systems, personalized medicine, AI use in ophthalmology, and the development of longer-acting formulations.
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What are the most significant trends transforming the ranibizumab market today?
Companies in the ranibizumab market are focusing on offering cost-effective therapies, such as biosimilars of ranibizumab, for treating retinal disorders. In April 2024, Formycon AG, a Germany-based biotechnology company, and Bioeq AG, a Swiss biopharmaceutical company, launched FYB201, a biosimilar to Lucentis (ranibizumab), in Canada and Switzerland. This affordable treatment provides an effective option for patients with retinal diseases, expanding access to care in various regions.
Which key market segments comprise the ranibizumab market and drive its revenue growth?
The ranibizumab market covered in this report is segmented -
1) By Product: Single Use Prefilled Syringe, Single Use Glass Vial
2) By Application: Wet Age Related Macular Degeneration (AMD), Diabetic Retinopathy (DR), Diabetic Macular Edema (DME), Myopic Choroidal Neovascularization (MCNV), Retinal Vein Occlusion (RVO)
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Other Distribution Channels
Subsegments:
1) By Single Use Prefilled Syringe: 0.3 Ml Syringe, 0.5 Ml Syringe, 1 Ml Syringe, Other Volume Variants
2) By Single Use Glass Vial: 0.5 Mg Or 0.05 Ml Vial, 1.0 Mg Or 0.1 Ml Vial, 2.0 Mg Or 0.2 Ml Vial, Other Volume Variants
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What regions are at the forefront of ranibizumab market expansion?
North America was the largest region in the ranibizumab market in 2024. The regions covered in the ranibizumab market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the ranibizumab market?
Major companies operating in the ranibizumab market are F. Hoffmann-La Roche AG, Bayer AG, Novartis AG, Teva Pharmaceutical Industries Ltd, Regeneron Pharmaceuticals Inc., Biogen Inc, Sun Pharmaceutical Industries Ltd., Stada Arzneimittel AG, Genentech Inc., Dr Reddy's Laboratories Ltd, Cipla Limited, Samsung Biologics Co Ltd, Lupin Limited, Biocon Limited, Celltrion Healthcare Co Ltd, Glenmark Pharmaceuticals Limited, Enzene Biosciences Ltd, Coherus BioSciences Inc, Amman Pharmaceutical Industries, Formycon AG, Intas Pharmaceuticals Ltd, Alvotech, Xbrane Biopharma AB
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What Is Covered In The Ranibizumab Global Market Report?
•Market Size Forecast: Examine the ranibizumab market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the ranibizumab market for a structured understanding.
•Key Players Overview: Analyze major players in the ranibizumab market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the ranibizumab market.
•Segment Contributions: Evaluate how different segments drive overall growth in the ranibizumab market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the ranibizumab market.
•Industry Challenges: Identify potential risks and obstacles affecting the ranibizumab market.
•Competitive Landscape: Review strategic developments in the ranibizumab market, including expansions, agreements, and new product launches.
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