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Retinal Biologics Market Size

  • Report ID: GMI4429
  • Published Date: Apr 2024
  • Report Format: PDF

Retinal Biologics Market Size

Retinal Biologics Market size was valued at USD 23.4 billion in 2023 and is anticipated grow at a CAGR of 8.2% between 2024 and 2032, driven by increasing prevalence of retinal diseases, particularly age-related macular degeneration (AMD) and diabetic retinopathy. Growing aging populations coupled with higher rates of diabetes contribute to this growth.

 

Additionally, advancements in treatment options, such as longer-lasting therapies and combination treatments that enhance patient outcomes and convenience increase the adoption of retinal biologics therapies, further enhancing market growth. Moreover, robust R&D efforts focused on expanding indications for existing biologics as a potential breakthrough for genetic retinal disorders, is contributing to the market growth.
 

Retinal biologics refers to biological therapies or drugs that are specifically used to treat diseases and conditions affecting the retina, such as age-related macular degeneration, diabetic retinopathy, and retinal vein occlusion, among others. Biologics are typically derived from living organisms and are designed to target specific molecules or pathways involved in disease processes. They may include monoclonal antibodies or proteins that can inhibit certain growth factors or other mediators involved in retinal diseases. Examples of retinal biologics include anti-vascular endothelial growth factor (anti-VEGF) agents such as ranibizumab, bevacizumab, and aflibercept, which are used to treat macular degeneration and other retinal conditions.
 

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global retinal biologics market was valued at USD 23.4 billion in 2023 and is anticipated grow at 8.2% CAGR during 2024-2032, attributed to the increasing prevalence of retinal diseases, particularly age-related macular degeneration (AMD) and diabetic retinopathy.

The macular degeneration segment held 40.1% of the market share in 2023 owing to the growing elderly population globally.

North America retinal biologics market was valued at USD 9.7 billion and is predicted to grow at 8% CAGR during 2024-2032, attributed to the advanced healthcare infrastructure and high prevalence of retinal diseases.

AbbVie Inc., Amgen Inc., Janssen Pharmaceuticals (Johnson & Johnson), F-Hoffman La Roche Ltd., Oxurion NV, Novartis AG, MeiraGTx Limited, Regeneron Pharmaceuticals Inc., OncoGene Pharmaceuticals and SemaThera In

Retinal Biologics Market Scope

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Premium Report Details

  • Base Year: 2023
  • Companies covered: 10
  • Tables & Figures: 206
  • Countries covered: 22
  • Pages: 114
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