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Rising Incidence Of Retinal Disorders Fuels Momentum In The Retinal Disorder Treatment Market: Key Factor Driving The Growth In The Retinal Disorder Treatment Market
The Retinal Disorder Treatment Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].What Is the Expected Retinal Disorder Treatment Market Size During the Forecast Period?
There has been significant growth in the market size for treatment of retinal disorders recently. This market is projected to expand from $12.59 billion in 2024 to $13.82 billion in 2025, with a compound annual growth rate (CAGR) of 9.7%. This growth in the historic period is due to factors like the introduction of anti-vegf therapies, an aging population, a rise in retinal disorders, better diagnostic tools for early detection, higher awareness and screening programs, and improved access to healthcare services.
The market for retinal disorder treatments is anticipated to experience robust growth in the coming years, with an expected value of $19.62 billion in 2029, and a compound annual growth rate of 9.2%. This anticipated growth during the prediction period can be credited to several factors such as the increasing emphasis on patient-focused retinal healthcare, a rise in global healthcare spending, a growing interest in combined therapies for retinal disorders, the emergence of home-based retinal disorder monitoring systems, a surge in the application of implantable devices for retinal treatments, and the use of regenerative medicine in retinal therapy. Significant trends for the forecast period entail advancements in ophthalmic imaging technology, the invention of minimally invasive surgical methods, the application of artificial intelligence in diagnostic processes, progress in drug delivery technologies, the application of virtual reality in retinal rehabilitation, collaborations between various research organizations and pharmaceutical firms, as well as the creation of gene therapies for inherited retinal diseases.
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What Are the High-Growth Segments in the Retinal Disorder Treatment Market?
The retinal disorder treatment market covered in this report is segmented -
1) By Type: Macular Degeneration, Diabetic Retinopathy, Other Types
2) By Dosage Form: Gels, Eye Solutions, Capsules And Tablets, Eye Drops, Ointments
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
Subsegments:
1) By Macular Degeneration: Dry Macular Degeneration, Wet Macular Degeneration
2) By Diabetic Retinopathy: Non-Proliferative Diabetic Retinopathy, Proliferative Diabetic Retinopathy
3) By Other Types: Retinal Detachment, Retinitis Pigmentosa, Uveitis, Other Retinal Disorders
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What Key Drivers Are Expected to Influence Future Retinal Disorder Treatment Market Growth?
The surge in instances of retinal disorders is anticipated to boost the growth of the retinal disorder treatment market in the future. Retinal diseases are health issues that impact the retina, a section of the eye sensitive to light, which could potentially result in vision loss or serious visual impairment. Retinal disorder treatments are designed to manage and lessen the symptoms of these disorders through methods like laser therapy, vitrectomy, and retinal implants. For example, data from the International Agency for the Prevention of Blindness, an alliance based in the UK, suggests that age-related macular degeneration (AMD) is projected to account for roughly 5% of all global blindness in January 2023. Furthermore, it is forecasted that by 2040, age-related macular degeneration diseases will affect 288 million individuals. As such, the increasing prevalence of retinal disorders is fueling the expansion of the retinal disorder treatment market.
Which Companies Hold the Largest Share Across Different Retinal Disorder Treatment Market Segments?
Major companies operating in the retinal disorder treatment market include Pfizer Inc., F. Hoffmann-La Roche Ltd., AbbVie Inc., Bayer AG, Novartis AG, Takeda Pharmaceutical Company Limited, Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Genentech Inc., Santen Pharmaceutical Co. Ltd., Apellis Pharmaceuticals Inc., Kubota Pharmaceutical Holdings Co. Ltd, Alimera Sciences Inc., Ocular Therapeutix Inc., EyePoint Pharmaceuticals Inc., Adverum Biotechnologies Inc., Kodiak Sciences Inc., Acucela Inc., IVERIC bio Inc., Oxurion NV, Graybug Vision Inc., Icon Bioscience Inc., Clearside Biomedical Inc., Aerpio Pharmaceuticals Inc., Neurotech Pharmaceuticals Inc., Ophthotech Corporation, Opthea Limited, PanOptica Inc., ThromboGenics NV
What Trends Are Driving Growth in The Retinal Disorder Treatment Market?
A notable trend gaining traction in the retinal disorder treatment market is the advent of product innovations. In order to remain competitive, leading companies in this market are launching novel products. An example of this is F. Hoffmann-La Roche AG, a Switzerland-based pharmaceutical enterprise. They made headlines in January 2022 when the U.S. Food and Drug Administration (FDA) approved their drug, Vabysmo. It's a bispecific antibody utilized to manage neovascular or wet age-related macular degeneration (AMD) and diabetic macular edema (DME). This is the first eye medication to be injected that effectively targets and inhibits two pathways associated with retinal diseases that could impair vision - angiopoietin-2 (Ang-2) and vascular endothelial growth factor-A (VEGF-A). It demonstrated non-inferior improvements in vision relative to typical therapy along with a satisfactory safety profile during clinical trials. This approval is a considerable advancement in the treatment of retinal diseases, providing patients with the potential for improved vision and a less rigorous treatment regimen.
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What Are the Emerging Geographies for The Retinal Disorder Treatment Market Growth?
North America was the largest region in the retinal disorder treatment market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retinal disorder treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Retinal Disorder Treatment Market?
2. What is the CAGR expected in the Retinal Disorder Treatment Market?
3. What Are the Key Innovations Transforming the Retinal Disorder Treatment Industry?
4. Which Region Is Leading the Retinal Disorder Treatment Market?
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