Global Retinal Disorder Treatment Market is Likely to Grow at a CAGR Value of 7.30% by 2028

The global retinal disorder treatment market size was worth USD 10,271.4 million in 2021 and is estimated to grow to USD 15,675.74 million by 2028, with a compound annual growth rate (CAGR) of approximately 7.30% over the forecast period. The report analyzes the retinal disorder treatment market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the retinal disorder treatment market.

The retina is a very delicate and complex component of the human eye system that serves as a light receiver and processor. It transforms light into neural signals and sends them to the brain for visual processing. Retinal illnesses such as diabetic retinopathy, age-related macular edema, retinoblastoma, degeneration, infectious retinitis, retinoschisis, and retinal degeneration affect the structure and function of the retina. Over the past couple of decades, academics and other specialists have paid a lot of attention to retinal problems. Owing to the rise in demand for retinal disorder treatment, the global retinal disorder treatment market is estimated to grow at a CAGR of 7.30% during the forecast period.

The market has also been pushed by the rising prevalence of retinal illnesses worldwide and the demand for efficient & reasonably priced treatment options for the same. It is also projected that a significant component influencing the total market will be the growing geriatric population. One of the key aspects influencing the market for treating retinal disorders over the forecast period is the existence of strong pipeline products. The market for treatments for retinal disorders is also expected to be driven by other factors, such as technological breakthroughs and growing strategic alliances. Additionally, the number of people with retinal problems is projected to rise due to the rising prevalence of diabetes globally, fueling the expansion of the global market for treatment of retinal disorders during the assessment period. Furthermore, the increased government aid, especially in poor countries, has led to a considerable rise in general awareness of the many retinal abnormalities, which has, in turn, led to a significant rise in demand for treatments for retinal disorders.

The global retinal disorder treatment market is segregated based on type, dosage form, distribution channel, and region. Based on type, the market is divided into macular degeneration, diabetic retinopathy and others. Among these, the macular degeneration segment dominated the market in 2021. Based on dosage form, the market is divided into gels, eye solutions, capsules & tablets, eye drops and ointments. Among these, the eye solutions segment dominated the market in 2021. Based on distribution channels, the market is divided into hospital pharmacy, online pharmacy and retail pharmacy.

North America is expected to dominate the global retinal disorder treatment market. Eye illnesses are regarded as one of the ongoing issues for the U.S. and other nations. Due to the increasing rates of macular degeneration, uveitis, diabetic retinopathy, and other eye diseases, America accounted for the largest market share. The market is anticipated to grow considerably during the forecast period due to strong pipeline medicines to treat retinal illnesses. Over the forecast period, the Asia Pacific regional market is expected to grow significantly. This can be linked to high unmet clinical requirements, the availability of effective treatment modalities, increased disposable money, and greater awareness of the importance of early diagnosis in developing nations. In addition, the increased prevalence of retinal illnesses worldwide, as well as the demand for effective and economical treatment alternatives, has fueled the industry.

Key players in the global retinal disorder treatment market include Santen Pharmaceutical Co., Ltd., REGENERON, Graybug Vision, Inc., Genentech, Inc., Shire (Takeda Pharmaceutical Company Limited), Bayer AG, Pfizer, Inc. and Acucela Inc.

Recent Development:

• In October 2021, the supplemental biologics license application (sBLA) for Beovu® (brolucizumab) 6 mg for the treatment of DME (diabetic macular edema) was approved by the U.S. FDA. In addition, the drug's application for a type-II variation also got approval from the EMA (European Medicines Agency).
• In 2020, Ocugen earned its fourth Orphan Drug Designation (ODD) from the FDA for OCU400, which is used to treat PDE6B gene mutation-related retinal disorders. The launch will enable the company to broaden its retinal condition treatment and revenue generation from its market-focused product portfolio.

Browse the full “Retinal Disorder Treatment Market By Type (Macular Degeneration, Diabetic Retinopathy, and Others), By Dosage Form (Gels, Eye Solutions, Capsules & Tablets, Eye Drops, and Ointments) By Distribution Channel (Hospital Pharmacy, Online Pharmacy, and Retail Pharmacy), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028.” Report at https://www.zionmarketresearch.com/report/retinal-disorder-treatment-market

Global Retinal Disorder Treatment market is segmented as follows:

By Type

• Macular Degeneration
• Diabetic Retinopathy
• Others

By Dosage Form

• Gels
• Eye Solutions
• Capsules & Tablets
• Eye Drops
• Ointments

By Distribution Channel

• Hospital Pharmacy
• Online Pharmacy
• Retail Pharmacy

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa

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