Retinal Disorders Treatment Market: Report Based on Development, Scope, Share, Trends, Forecast to 2027


Posted September 9, 2021 by TanveerAhmed005

The global retinal disorders treatment market is projected to grow at a significant CAGR of over 7% during the forecast period.

 
The global retinal disorders treatment market is projected to grow at a significant CAGR of over 7% during the forecast period. The factors that are contributing to the growth of the market include the increased incidences of eye-related disorders such as various infections and allergies, diabetic eye diseases and many others. According to the WHO, in 2019, around 2.2 billion people from across the globe were suffering from one or the other kind of visual impairment and 80% of these are considered avoidable. Thus, the higher incidences and prevalence rate of any kind of eye disease create the demand for drugs for the treatment of diseases and hence significantly creating scope for the market growth. Other factors that are contributing to the market growth include the increasing geriatric population, rising R&D activities regarding the introduction of novel drugs, and the presence of strong product pipeline.
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Segmental Outlook
The global retinal disorders treatment market is segmented on the basis of disease type and dosage form. Based on the disease type, the market is segmented into floaters, macular degeneration, diabetic retinopathy, retinal detachment, among others such as retinitis pigmentosa and retinal vein occlusion. Based on the dosage form, the market is segmented into gels, eye solutions, tablets and capsules, ointments, and others.
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Diabetic Retinopathy to Contribute a Significant Share During the Forecast Period
Amongst the disease type, the diabetic retinopathy is projected to hold a considerable share in the market. The segmental growth is accredited to the increased cases of diabetes among the peoples. The diabetes medicines on the regular basis consumption may damage the veins in the eyes and lead to the minute blood loss through them, which causes the clots in the eye and results in the blurred or impaired vision. As per the estimation of the International Diabetes Federation (IDF) in 2018, 382 million people had diabetes globally, and this number is predicted to rise to 592 million by 2035. Increasing prevalence of diabetes will result in more number of cases of diabetic retinopathy and hence will drive the segmental growth of the market.

Regional Outlook
The global retinal disorder treatment market is segmented into North America, Europe, Asia-Pacific and the Rest of the World. Asia-Pacific is estimated to grow at a considerable rate in the global market during the forecast period. This is attributed to the rising healthcare spending by the government and private organizations to enhance the healthcare infrastructure in the regions. Further, there has been a wide acceptance of advanced technologies in the healthcare sector which positively affects the growth of the market during the forecast period. Further, North America holds a significant share as it has a large pool of geriatric population in the region which generally faceseye-related problems and in turn fosters the growth of the market. Whereas Europe remains the place for most of the innovation in the technologies, thus, with the advent of new technologies, Europe contributes significantly to the growth of the retinal disorder treatment market.

Market Players Outlook
The prominent players operating in the global retinal disorders treatment market include Santen Pharmaceuticals Co. Ltd., Takeda Pharmaceuticals Co. Ltd., Regeneron Pharmaceuticals Inc., Ocular Therapeutix Inc., Graybug Vision, Inc., Boehringer Ingelheim International GmbH, F. Hoffmann-La Roche AG, Oxurion N.V., Novartis International AG, and Kubota Pharmaceuticals Holdings Co. Ltd., among others. These companies are adopting several organic and inorganic growth strategies such as product launches & developments, partnerships, agreements, and acquisitions to strengthen their product portfolios and maintain a competitive position in the global retinal disorder treatment market growth during the forecast period.

For instance, In September 2019, Boehringer Ingelheim and Inflammasome Therapeutics Inc. announced a co-development and license agreement for the development of up to three therapies for patients with retinal diseases. By combining Inflammasome’s unique intravitreal (IVT) drug delivery technologies with Boehringer Ingelheim’s compounds from its retinal disease pipeline portfolio, Boehringer Ingelheim aims at developing novel therapies for retinal diseases.

The Report Covers
Market value data analysis of 2018 and forecast to 2025.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global retinal disorder treatment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who-stands-where’ in the market.
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Last Updated September 9, 2021