Us Retinal Degenerative Disease Treatment Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Retinal Degenerative Disease Treatment Market was valued at USD 1.54 Billion in 2022 and is projected to reach USD 3.79 Billion by 2030, growing at a CAGR of 12.7% from 2024 to 2030.
The U.S. retinal degenerative disease treatment market is experiencing significant growth, driven by an aging population and advancements in therapeutic interventions. In 2023, the global retinal disorder treatment market was valued at approximately USD 13.7 billion and is projected to grow at a compound annual growth rate (CAGR) of 9.6% from 2024 to 2032. This growth trajectory suggests a robust demand for effective treatments addressing conditions such as age-related macular degeneration (AMD) and diabetic retinopathy.
Several factors contribute to this market expansion:
Prevalence of Retinal Disorders: The increasing incidence of retinal diseases, particularly among the elderly, underscores the need for advanced treatments. For instance, AMD affects millions globally, with numbers expected to rise as the population ages.
Technological Advancements: Innovations in gene therapy and stem-cell research offer promising avenues for restoring vision. Discussions on platforms like Reddit highlight the potential of replacing retinal pigment epithelium (RPE) cells or photoreceptors to combat vision loss.
Product Launches and Approvals: Pharmaceutical companies are introducing new formulations to enhance patient outcomes. Regeneron Pharmaceuticals, for example, reported a significant increase in sales of their eye drug Eylea, following FDA approval of a higher-dose formulation in August 2023.
Despite these advancements, challenges persist. The high cost of therapies can be a barrier for many patients, and the complexity of retinal diseases necessitates ongoing research. However, the market's upward trajectory indicates a positive outlook, with continuous efforts to develop accessible and effective treatments for retinal degenerative diseases.
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Sucampo Pharmaceuticals
Vivani Medical(Second Sight Medical)
Roche
ReNeuron
ReGenX Biosciences
Regeneron Pharmaceuticals
Orphagen Pharmaceuticals
Inc.
Okuvision
Ocugen
Novartis
Nano Retina
M's Science Corporation
Mimetogen Pharmaceuticals Inc.
Kanghong Pharma
Ionis Pharmaceuticals
Inc.
International Stem Cell Corporation
InFlectis BioScience
Grupo Ferrer Internacional
S.A.
GenSight Biologics S.A.
Genethon
Genable Technologies Limited
Dompe Farmaceutici S.p.A.
Caladrius Biosciences
Inc.
Bayer HealthCare
Astellas Pharma Inc.
Amarantus BioScience
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Retinal Degenerative Disease Treatment Market
Pharmaceuticals
Gene Therapy
Stem Cell Therapy
Medical Devices
Age-related Macular Degeneration (AMD)
Retinitis Pigmentosa (RP)
Diabetic Retinopathy
Usher Syndrome
Stargardt Disease
Intravitreal Injection
Oral Administration
Topical Application
Subcutaneous Injection
Hospitals
Outpatient Clinics
Research Institutions
Home Care Settings
Early Stage
Moderate Stage
Advanced Stage
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Retinal Degenerative Disease Treatment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Retinal Degenerative Disease Treatment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Retinal Degenerative Disease Treatment Market, By Type
6. Global Retinal Degenerative Disease Treatment Market, By Application
7. Global Retinal Degenerative Disease Treatment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Retinal Degenerative Disease Treatment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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