28 May

Market Drivers - A growing number of cases with ophthalmic disorders causing chronic retinal diseases across the globe is the primary factor driving the market growth. According to the World Health Organization, globally around 2.2 billion people are having a vision problem. The huge patient population suffering from eye problem supports the market growth. -  Increasing prevalence of retinal vein occlusion (RVO) and age-related macular degeneration. RVO is the second most common retinal vascular disorder and is a significant cause of visual impairment. Around 11 million people in the US have some form of age-related macular degeneration. This number is expected to increase to nearly 22 million by 2050. -  The growing R&D activities and product launch support market growth during the forecast period. Regional Analysis The market has been divided, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The retinal biologics market in the Americas has further been branched into North America and Latin America, with the North American market divided into the US and Canada. The Americas is expected to be the largest market owing to the presence of a large number of, companies providing retinal biologics such as Regeneron Pharmaceuticals Inc. (US), Ocular Therapeutixc. (US), Spark Therapeutics (US), and many more. Additionally, the rising prevalence of diabetic retinopathy and the aging population supports the retinal biologics market in this region. For instance, currently, around 12 million people of 40 years and above has a vision problem in the US. A large number of vision problem cases and the presence of a number of manufacturing companies drive the market growth in this region. The European Retinal Biologics Market Analysis is the second-largest market, and it has been categorized as Western Europe and Eastern Europe. The Western European market has further been divided as Germany, France, the UK, Italy, Spain, and the rest of Western Europe. The increasing R&D to develop novel retinal biologics, and growing product approval boosts the market growth. Moreover, the increasing cases of macular degeneration, diabetic retinopathy, and uveitis among the population support market growth. The retinal biologics market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. According to the World Blind Union Asia Pacific Region 2018, it was reported that in China, more than 35 million people have some disability out of which 17.5 million are vision impairment which includes blind people with various disabilities. The increasing geriatric population will lead to an increase in age-related macular degeneration which will, in turn, increase the patient population. The retinal biologics market in the Middle East & Africa has been divided into the Middle East and Africa. The growing number of research laboratories in this region drives market growth. The increasing adaption of innovative treatment methods drives the market growth. Segmentation Global Retinal Biologics Market has been segmented based on Drug Class, Indication, and Distribution Channel. Global Retinal Biologics Market has been segmented, on the basis on drug class, into TNF-α inhibitor and VEGF-A antagonist. On the basis of indication, the market is segmented into macular degeneration, diabetic, retinopathy, uveitis, and others. On the basis of distribution channel, the market is segmented into hospitals and clinics, pharmacies, and others. Key Players Some of the Key Players in the Global Retinal Biologics Market are Regeneron Pharmaceuticals Inc. (US), Ocular Therapeutixc (US), Spark Therapeutics (US), F. Hoffmann-La Roche Ltd (Basel, Switzerland), AbbVie Inc. (US), Johnson & Johnson Services, Inc. (US), Amgen Inc. (US), MeiraGTx Limited (US) and many more. Browse Full Report Details @ https://www.marketresearchfuture.com/reports/retinal-biologics-market-10171 Related Reports Eye Allergy Treatment Market Research Report - Forecast to 2027 Pharmaceutical Analytical Testing Outsourcing Market Research Report - Forecast till 2027 Urinary Catheters Market Research Report - Forecast to 2027 About Market Research Future:  MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.

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