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Retinal Biologics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Drug Class, By Indication, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2024-2032

Retinal Biologics Market Size, Share, Competitive Landscape and Trend Analysis...

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Retinal Biologics Market Size, Share, Competitive Landscape and Trend Analysis Report, by Drug Class, By Indication, By Distribution Channel : Global Opportunity Analysis and Industry Forecast, 2024-2032
Retinal Biologics Market Size, Share,...
Report Code
RO1/128/1201

Publish Date
29/Jul/2024

Pages
200
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The global retinal biologics market was valued at US$ 15.66 billion in 2023 and is projected to reach US$ 24.5 billion by 2032, growing at a CAGR of 5.1% during the forecast period from 2024 to 2032.
The retinal biologics includes the creation, manufacturing, and dissemination of biological medications and treatments for retinal disorders. These illnesses impact the retina, a crucial component of the eye that converts light into neural signals for visual identification.
Factors Influencing Market Growth
- Factors like rising cases of retinal diseases like age-related macular degeneration (AMD), diabetic retinopathy, and retinal vein occlusion are driving the growth in the retinal biologics market.
- Innovations in genetic engineering, monoclonal antibodies, and other biological technologies are enhancing the development of targeted and efficient therapies for retinal diseases and are expected to drive the growth of the market.
- The development and production of biologics are expensive, leading to high treatment costs, which can limit accessibility for some patients and could hinder the growth of the market.
COVID-19 Impact Analysis
The global healthcare sector has experienced disruptions in workflows due to the outbreak of COVID-19. The illness has caused various sectors, including certain branches of the medical field, to temporarily close down. The worldwide market for retinal biologics saw a decrease in 2020 as a result of the global economic downturn caused by COVID-19. Furthermore, the supply chain in sectors such as pharmaceuticals, healthcare, and industries was disrupted by the COVID-19 outbreak. Nevertheless, the retinal biologics market has bounced back following the pandemic and is displaying consistent growth. This can be linked to the growing use of VEGF inhibitors, the rise in the occurrence of retinal diseases, and the expansion of potential drugs for treating retinal diseases.

Regional Analysis
The Asia-Pacific region is projected to experience the most rapid growth in the upcoming forecast period. The market's expansion in this area can be attributed to the existence of pharmaceutical companies as well as the increasing buying power of densely populated countries like China and India.
There is a high population in the Asia-Pacific region and an increase in the occurrence of retinal diseases like AMD, diabetic retinopathy, and retinal vein occlusion. The significant market potential for retinal biologics in this area is due to the heavy disease load.
Moreover, the rising knowledge of retinal disorders, their effects on eyesight, and the availability of cutting-edge therapies have led to an increasing need for retinal biologics. The Asia-Pacific region provides a lucrative market for retinal biologics, presenting a fast-growing opportunity for key players in the industry due to increasing industrial infrastructure and the strong presence of local companies.
Leading Companies
- Novartis AG, Amgen Inc
- Regeneron Pharmaceuticals, Inc
- F. Hoffmann-La Roche Ltd.
- Coherus BioSciences, Inc
- Biocon
- Biogen
- Outlook Therapeutics, Inc.
- AbbVie Inc.
- Bayer AG
- Others
Segmentation Outline
The global retinal biologics market analysis is segmented into drug class, indication, distribution channel, and region.
Segmentation Based on Distribution Channel
- Hospital Pharmacies
- Online Providers
- Drug Stores and Retail Pharmacies
Segmentation based on Drug Class
- VEGF-A Antagonist
o Type
? Aflibercept
? Ranibizumab
? Others
- Others
Segmentation based on Indication
- Macular Degeneration
- Diabetic Retinopathy
- Other
Segmentation based on Region
- North America?
o The U.S.
o Canada
- Europe?
o UK
o Germany
o France
o Italy
o Spain
o Netherlands
o Rest of Europe
- Asia-Pacific
o China
o Japan
o India
o Australia
o South Korea
o Singapore
o Rest Of Asia-Pacific
- LAMEA?
o Latin America
o Middle East
o Africa

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