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Global Anti-Vascular Endothelial Growth Factor Therapeutics Market Projected to Surpass $13.49 Billion by 2029 with 2% Annual Growth
Anti-Vascular Endothelial Growth Factor Therapeutics Market
The rise in ophthalmic diseases is predicted to accelerate the expansion of the anti-vascular endothelial growth factor therapeutics market. The definition of the prevalence of ophthalmic diseases includes the count or percentage of people in a particular population who are diagnosed with or show certain eye conditions or illnesses. Anti-vascular endothelial growth factor therapeutics are instrumental in decreasing the prevalence of eye diseases by effectively tackling conditions such as wet age-related macular degeneration, diabetic retinopathy, and retinal vein occlusion. In October 2022, the World Health Organization estimates that roughly 2.2 billion people globally have issues with near or distance vision, and 1 billion have near or distance vision impairment. Additionally, out of these, 88.4 million suffer from refractive error, 94 million are dealing with cataracts, 8 million have age-related macular degeneration, and about 3.9 million are affected by diabetic retinopathy. Consequently, the spurge in ophthalmic diseases is propelling the growth of the anti-vascular endothelial growth factor therapeutics market.
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How will the growth rate of the anti-vascular endothelial growth factor therapeutics market shape industry trends by 2034?
The market size of anti-vascular endothelial growth factor therapeutics has seen slight growth in recent years. It is expected to expand from a value of $12.2 billion in 2024 to $12.31 billion in 2025, with a compound annual growth rate (CAGR) of 1.0%. The growth seen in the past years can be traced back to an increase in age-related macular degeneration, a rise in diabetic retinopathy occurrences, advancements in the diagnosis of retinal diseases, clinical success and effectiveness, along with a transition towards outpatient care.
The market for anti-vascular endothelial growth factor therapies is predicted to witness steady expansion in the coming years, growing to an estimated $13.49 billion by 2029 with a compound annual growth rate (CAGR) of 2.3%. This growth across the predicted period can be ascribed to factors such as an aging demographic, rising cases of eye diseases, increasing use in retinal disorder treatment, the advent of next-gen therapies, greater focus on early-stage intervention, and global initiatives to improve health and treatment accessibility. Key trends set to shape the forecast period include a rise in application for cancer treatment, an emphasis on combination treatments in eye care, the development of biosimilar products, studies on resistant mechanisms, and the incorporation of imaging technologies.
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What trends are poised to drive the future success of the anti-vascular endothelial growth factor therapeutics market?
The development of innovative treatments is a noteworthy trend emerging in the anti-vascular endothelial growth factor therapeutics industry. Firms functioning in this market are embracing innovative therapeutics in order to maintain their market standing. For example, in May 2022, Ashvattha Therapeutics Inc., a clinical-stage biopharmaceutical company based in the US, announced Phase 1 safety data for healthy participants regarding subcutaneous anti-VEGF wet AMD (age-related macular degeneration) and DME (diabetic macular edema) candidates. D-4517.2 is a first-of-its-kind treatment designed to satisfy the unfulfilled needs of those with DME conditions. This D-4517.2 therapy is designed for self-administration through an autoinjector. The D-4517.2 autoinjector allows patients to personally administer their medication on a monthly basis at home.
Which primary segments of the anti-vascular endothelial growth factor therapeutics market are driving growth and industry transformations?
The anti-vascular endothelial growth factor therapeutics market covered in this report is segmented -
1) By Product: Eylea, Lucentis, Beovu
2) By Disease: Macular Edema, Diabetic Retinopathy, Retinal Vein Occlusion, Age-related Macular Degeneration
3) By End Users: Hospitals, Clinics, Oncology Centers, Other End Users
Subsegments:
1) By Eylea: Indications, Dosage Forms
2) By Lucentis: Indications, Dosage Forms
3) By Beovu: Indications, Dosage Forms
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Which geographical regions are pioneering growth in the anti-vascular endothelial growth factor therapeutics market?
North America was the largest region in the anti-vascular endothelial growth factor therapeutics market in 2024.Europe is expected to be the fastest-growing region in the global anti-vascular endothelial growth factor therapeutics market report during the forecast period. The regions covered in the anti-vascular endothelial growth factor therapeutics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the influential players reshaping the anti-vascular endothelial growth factor therapeutics market landscape?
Major companies operating in the anti-vascular endothelial growth factor therapeutics market include F. Hoffmann-La Roche AG, Biogen Inc., Pfizer Inc., Coherus BioSciences Inc., Eli Lilly and Company, Bausch Health Companies Inc., Viatris Inc., Xbrane Biopharma AB, Bayer AG, Regeneron Pharmaceuticals Inc., Genentech Inc, Allergan Inc., Novartis AG, kyowa Kirin Co. Ltd., Amgen Inc., AstraZeneca plc, Merck & Co. Inc., Johnson & Johnson Private Limited, Sanofi S.A., AbbVie Inc., Takeda Pharmaceutical Company Limited, Astellas Pharma Inc., Bristol-Myers Squibb Company, Boehringer Ingelheim International GmbH, Daiichi Sankyo Company Limited, Eisai Co. Ltd., Gilead Sciences Inc., Vertex Pharmaceuticals Incorporated, Alexion Pharmaceuticals Inc.
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What Is Covered In The Anti-Vascular Endothelial Growth Factor Therapeutics Global Market Report?
• Market Size Forecast: Examine the anti-vascular endothelial growth factor therapeutics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the anti-vascular endothelial growth factor therapeutics market for a structured understanding.
• Key Players Overview: Analyze major players in the anti-vascular endothelial growth factor therapeutics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the anti-vascular endothelial growth factor therapeutics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the anti-vascular endothelial growth factor therapeutics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the anti-vascular endothelial growth factor therapeutics market.
• Industry Challenges: Identify potential risks and obstacles affecting the anti-vascular endothelial growth factor therapeutics market.
• Competitive Landscape: Review strategic developments in the anti-vascular endothelial growth factor therapeutics market, including expansions, agreements, and new product launches.
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