The Retinal Biologics Market is anticipated to be worth more than US$ 22.25 billion by 2022. The global market is expected to reach US$ 41.92 billion by 2028, expanding at an 11.1% CAGR between 2022 and 2028.
- Diabetes-related eye disorders and age-related macular degeneration (AMD) are becoming more common.
- Significant R&D resources are being invested in the development of biologics for infectious and non-infectious retinal disorders.
- Specific biologic molecules are increasingly being used as a promising therapeutic target.
- As a result of the huge number of monogenic retinal illnesses, gene therapy is being developed as a Retinal Biologic.
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Retinal Biologics Distribution in Specialty Clinics and Hospitals Prominent
Retinal Biologics manufacturers offer their goods through institutional and retail distribution channels. According to the FMI report, institutional sales in the Retinal Biologics market, where Retinal Biologics are supplied in speciality clinics and hospitals, will generate higher revenues. In 2018, hospital sales accounted for more than 35% of market revenue.
According to the report, retail sales of Retinal Biologics will generate comparable revenues to hospital sales and will expand at an 11.9% annual rate in 2019. Retail distribution takes place through retail pharmacies and mail order pharmacies, with retail pharmacies generating more money than their counterparts in the future years.
Penetration in North America Higher, APEJ’s Attractiveness to Increase
North America continues to be the market leader in Retinal Biologics revenue. According to FMI estimates, North America accounted for more than 46% of global Retinal Biologics market revenues in 2018. Revenues in North America are predicted to expand 10.4% year on year in 2019 due to an increase in the prevalence of retinal illnesses, continuous growth in the healthcare infrastructure, and a favourable reimbursement scenario.
Europe accounted for about one-fourth of the Retinal Biologics market, with Western European countries such as Germany, the United Kingdom, France, Italy, and Spain accounting for the majority of demand penetration. The APEJ Retinal Biologics market is predicted to grow at an 11% annual rate in 2019, with China and India remaining the most lucrative areas.
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Retinal Biologics Find Prominent Use in Macular Degeneration Treatment
The study opines that over 35% of the Retinal Biologics revenues were consolidated in the treatment of macular degeneration. Highest revenue growth of 12.3% is also expected in macular degeneration as compared to other indications where Retinal Biologics are used in 2019.
Macular degeneration (MD) remains the leading cause of vision loss wherein it affects over 10 million Americans, the prevalence is higher than the combined incidences of cataract and glaucoma, as per the American Macular Degeneration Foundation (AMDF). As macular degeneration mainly affect people of age 50 years or more, with the ageing population, the prevalence of MD continues to rise despite improved treatment options.
Key Players Covered In The Retinal Biologics Market:
- Spark Therapeutics, Inc.
- F. Hoffmann-La Roche Ltd.
- Regeneron Pharmaceuticals, Inc.
- AbbVie Inc.
- Amgen Inc.
- Novartis Pharma AG
- MeiraGTx Limited
- Oxurion NV
- Santen Pharmaceutical Co., Ltd.
- Bayer AG
- Bausch Health Companies Inc.
- Merck & Co., Inc.
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Key Segments of Retinal Biologics Industry Survey
Retinal Biologics Market by Drug Class:
- VEGF-A Antagonists
- TNF-α Inhibitors
Retinal Biologics Market by Indication:
- Macular Degeneration
- Diabetic Macular Edema
- Diabetic Retinopathy
- Uveitis
- Others
Retinal Biologics Market by Distribution Channel:
- Institutional Sales
- Retail Pharmacies
- Mail Order Pharmacies
- Retail Sales
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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