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How Will the Beovu (Brolucizumab) Market Grow Over the Forecast Period Based on Its Expected CAGR?

The market size for Beovu (brolucizumab) has witnessed a XX (CAGR) growth in the past few years. The market will escalate from $XX million in 2024 to $XX million in 2025, growing at a compound annual growth rate (CAGR) of XX%. The historical growth pattern can be attributed to factors like increased occurrence of age-related macular degeneration (AMD), a surge in healthcare spending, public awareness initiatives for managing AMD, government backing for innovative treatments, and the enhanced use of precision imaging technologies.

The market size for Beovu (brolucizumab) is projected to witness an XX% compound annual growth rate (CAGR) over the next few years, reaching a valuation of $XX million by 2029. Factors contributing to growth during the forecast period include an upsurge in the global aging population, an increased demand for targeted biological drugs, the broadening of healthcare infrastructure, advanced reimbursement policies for AMD therapies, and a heightened focus on individualized medicine. Key trends during this period include a move towards the development of biosimilars, the burgeoning growth of telemedicine for AMD care, the exploitation of AI-based diagnostic tools, an emphasis on sustainability in pharmaceutical production, partnerships between biotech enterprises and technology firms, and product innovation.

What Major Innovations Are Driving the Accelerated Growth of the Beovu (Brolucizumab) Market?

The surge in the incidence of age-related macular degeneration (AMD) is likely to propel the growth of the beovu (brolucizumab) market. AMD is an advancing eye condition causing vision loss primarily in the central field of vision and significantly affecting older adults. Factors like improved life expectancy, low birth rates, and healthcare advancements are contributing to the rising elderly population. Beovu (brolucizumab) is administered to treat AMD while preventing vision loss by restraining the vascular endothelial growth factor (VEGF), thereby enhancing retinal health. For instance, the BrightFocus Foundation, a US nonprofit organization, reported in March 2023 that approximately 200 million people worldwide have AMD, projected to increase to 288 million by 2040. Hence, the increasing frequency of age-related macular degeneration (AMD) will stimulate the growth of the beovu (brolucizumab) market.

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Who Are the Dominant Players Expanding Their Reach in the Beovu (Brolucizumab) Market?

Major companies operating in the beovu (brolucizumab) market include Novartis AG

What Are the Top Trends Shaping the Evolution of the Beovu (Brolucizumab) Market?

A significant trend in the Beovu (brolucizumab) market revolves around the pursuit of innovative development strategies to broaden treatment options and market influence. Companies are striving to acquire approvals for further indications like diabetic macular edema (DME) to bolster the treatment’s efficacy. Beovu, utilized to handle retinal disorders such as wet age-related macular degeneration (AMD) and DME, operates by suppressing VEGF-A to mitigate abnormal blood vessel growth leading to vision loss prevention. For example, Novartis AG, a pharmaceutical entity based in Switzerland, proclaimed in March 2022 that the European Commission (EC) granted their approval for Beovu (brolucizumab) 6 mg to address visual impairment resulting from diabetic macular edema (DME). This endorsement signifies the second approval for Beovu from the EC, subsequent to its initial approval in 2020 for treating wet age-related macular degeneration. The EC’s verdict is applicable to all 27 EU nations, along with Iceland, Norway, and Liechtenstein.

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Which Market Segments Are Driving Strategic Growth and Trends in the Beovu (Brolucizumab) Market?

The beovu (brolucizumab) market covered in this report is segmented –

1) By Indication: Neovascular (Wet) Age-Related Macular Degeneration (AMD), Diabetic Macular Edema (DME), Other Retinal Disorders

2) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies

3) By End User: Specialty Clinics, Ambulatory Surgical Centers

Which Regions Are Setting the Pace for Beovu (Brolucizumab) Market Growth?

North America was the largest region in the beovu (brolucizumab) market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the beovu (brolucizumab) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

How Is the Beovu (Brolucizumab) Market Defined Across Different Regions?

Brolucizumab, marketed as Beovu, is a monoclonal antibody used to treat retinal diseases such as wet age-related macular degeneration (AMD). It works by inhibiting vascular endothelial growth factor (VEGF) to reduce abnormal blood vessel growth and fluid leakage in the retina. Beovu offers a less frequent dosing schedule compared to other VEGF inhibitors.

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