The retina is a very sensitive and delicate part of the human eye which is responsible for receiving and processing light to convert it into neural signals and send it to the brain for visual activity. The disorders related to retinal health include age-related macular degeneration, diabetic retinopathy, infectious retinitis, macular oedema, macular hole, retinoblastoma, retinal degeneration, retinoschisis and uveitis etc.
There are various types of retinal disorders but most of them cause visual symptoms. For instance, age-related macular degeneration (AMD), the most common retinal disease is associated with ageing. It is a leading cause of blindness among people over the age of 50.
Diabetic retinopathy is another major retinal disease which is a result of complications of diabetes. Diabetes damage the tiny blood vessels of the retina and blood or fluids start to leak out from the vessels. The treatment of retinal disorders includes surgery and medicines.
The key contributor to the growth of the global retinal drugs and biologics market is globally rising incidences of ophthalmic disorders related to age. The emergence of various innovative products in the form of biologics and drug-releasing implants as a result of research and development and continuous efforts to invent treatment alternatives are contributing to the market growth.
The introduction of biologics such as Lucentis to the ophthalmology field has represented a true paradigm shift in the treatment of patients. Lucentis has been successful in preserving vision in 90% of wet age-related macular degeneration.
However, the availability of a limited number of biologics, severe side effects of biologics, strict regulatory norms associated with the approval of biologics, and inaccessibility to effective drugs and biologics due to high costs may limit the market growth.
The global Retinal Drugs and Biologics market is highly fragmented with the presence of multiple players. The overall market is expected to report sound growth as the epidemiologic studies have revealed that over 296 million people suffer from some type of retinal disease or condition globally, around 142 million people across the globe are impacted by age-related macular degeneration and approximately 105 million are affected by diabetic eye disease, these two diseases in combination are leading causes of vision loss globally.
Geographically, the Retinal Drugs and Biologics Market is segmented into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia-Pacific excluding Japan, Japan, Middle East and Africa. European countries have witnessed the highest incidence rates in cases of retinal disorders followed by North America.
The incidence rates of retinal diseases in Asia Pacific countries are comparatively less but it is increasing gradually, hence the market will show a gradual increase in this region. Diabetes also plays a significant role in the retinal disease treatment market. The growing incidence rate of diabetes in developed countries due to sedentary lifestyle and unhealthy habits is expected to fuel the market growth for retinal diseases drugs and biologics.
Some of the players active in the global Retinal Drugs and Biologics Market include ALLERGAN, Alimera Sciences, AbbVie Inc., Janssen Biotech, Inc., Swedish Orphan Biovitrum, F. Hoffmann-La Roche Ltd, Bristol-Myers Squibb Company, Genzyme Corporation, Genentech USA, Inc., OCULAR THERAPEUTICS, INC. and Bausch & Lomb Incorporated and UCBCares.
The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, types, technology and applications.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
Global retinal drugs and biologics market has been segmented on the basis of types of conditions, types of therapies, distribution channels and region.
Based on types of conditions, the global retinal drugs and biologics market is segmented into:
Based on the types of therapies, the global retinal drugs and biologics market is segmented into:
Based on the distribution channels, the global Retinal Drugs and Biologics Market is segmented into:
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Retinal Drugs And Biologics Market
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