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Beovu (Brolucizumab) Market Forecast 2025-2034: Analysing Major Trends, Opportunities, and Growth Drivers
Beovu Brolucizumab
The growing occurrence of age-related macular degeneration (AMD), a progressive eye disease that leads to central vision loss mainly in seniors, is anticipated to spur growth in the market for beovu (brolucizumab). Factors such as longer life expectancy, decreasing birth rates, and healthcare advancements have contributed to a larger aging population. Beovu (brolucizumab) plays a role in AMD treatment by mitigating vision loss through targeting and blocking vascular endothelial growth factor (VEGF), thus boosting retinal health. As stated in a BrightFocus Foundation report in March 2023, a US-based charity organization, nearly 200 million people around the world are affected by AMD, with this figure expected to surge to 288 million by 2040. Consequently, the escalating prevalence of age-related macular degeneration (AMD) is set to propel the progression of the beovu (brolucizumab) market.
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What is the future CAGR of the beovu (brolucizumab) market, and how will it impact industry expansion?
In recent years, the beovu (brolucizumab) market has witnessed a consistent XX% (HCAGR), and it's projected to expand from $XX million in 2024 to $XX million in 2025, reflecting a compound annual growth rate (CAGR) of XX%. The escalation observed during the historic period is primarily attributed to factors such as increased incidence of age-related macular degeneration (AMD), rises in healthcare spending, awareness initiatives around age-related macular degeneration (AMD) management, government encouragement of innovative therapies, and the expanded use of precision imaging technologies.
In the coming years, the market size for Beovu (brolucizumab) is projected to experience an XX (FCAGR). It is anticipated to escalate to $XX million by 2029, with a compound annual growth rate (CAGR) of XX%. This growth during the forecast duration can be credited to factors such as the escalating aging global population, a surge in the demand for targeted biologics, the expansion of healthcare infrastructure, positive reimbursement policies for AMD treatments, and an increased focus on personalized medicine. Key trends for the projected period include a move towards biosimilar development, an upturn in telemedicine for AMD management, the adoption of AI-based diagnostic instruments, emphasis on sustainability in drug production, collaborations between biotechnology companies and tech industries, and product innovation.
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What are the most significant trends transforming the beovu (brolucizumab) market today?
The predominant trend in the Beovu (brolucizumab) industry involves efforts to pioneer innovative treatments, bolstering both the spectrum of treatment choices and market penetration. Companies are proactively pursuing green lights for further indications, such as diabetic macular edema (DME), with the goal of maximizing the drug's therapeutic potential. Beovu, prescribed for retinal disorders including wet age-related macular degeneration (AMD) and DME, functions by obstructing VEGF-A, thereby curbing irregular blood vessel proliferation and averting sight loss. For instance, in March 2022, Switzerland-based pharmaceutical company Novartis AG reported that the European Commission (EC) had sanctioned Beovu (brolucizumab) 6 mg for the treatment of visual impairment triggered by DME. This approval constitutes the second from the EC for Beovu, the first having been granted in 2020 for the therapy of wet age-related macular degeneration. This EC verdict is valid across all 27 EU nations, as well as Iceland, Norway, and Liechtenstein.
Which key market segments comprise the beovu (brolucizumab) market and drive its revenue growth?
The beovu (brolucizumab) market covered in this report is segmented -
1) By Indication: Neovascular (Wet) Age-Related Macular Degeneration (AMD), Diabetic Macular Edema (DME), Other Retinal Disorders
2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies
3) By End User: Specialty Clinics, Ambulatory Surgical Centers
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What regions are at the forefront of beovu (brolucizumab) market expansion?
North America was the largest region in the beovu (brolucizumab) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the beovu (brolucizumab) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Who are the leading players fueling growth in the beovu (brolucizumab) market?
Major companies operating in the beovu (brolucizumab) market include Novartis AG
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What Is Covered In The Beovu (Brolucizumab) Global Market Report?
•Market Size Forecast: Examine the beovu (brolucizumab) market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the beovu (brolucizumab) market for a structured understanding.
•Key Players Overview: Analyze major players in the beovu (brolucizumab) market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the beovu (brolucizumab) market.
•Segment Contributions: Evaluate how different segments drive overall growth in the beovu (brolucizumab) market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the beovu (brolucizumab) market.
•Industry Challenges: Identify potential risks and obstacles affecting the beovu (brolucizumab) market.
•Competitive Landscape: Review strategic developments in the beovu (brolucizumab) market, including expansions, agreements, and new product launches.
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