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What is the Projected Compound Annual Growth Rate (CAGR) of the Macugen Market from 2025 to 2034, and What Factors Influence It?

In recent times, the market size of Macugen has seen a significant rise of XX (HCAGR). This growth indicates an escalation from $XX million in 2024 to $XX million in 2025, reporting a compound annual growth rate (CAGR) of XX%. The surge during this historical period is a result of several factors including growth in the elderly population, increased patient knowledge, higher healthcare expenditures, expanded research and development activities, and the emergence of new markets.

Predictions suggest that the Macugen market size will witness a compound annual growth rate (CAGR) of XX% over the coming years, expected to reach a significant $XX million by 2029. This anticipated growth within the forecasted period is primarily due to factors such as enhanced rate of diagnosis and treatment, the growing occurrence of wet AMD, as well as a rise in AMD prevalence overall. Other contributing factors include the increase in healthcare infrastructure investment and heightened awareness around complications relating to diabetic eyes. The forecast period is also expected to see the development of notable trends, including a shift towards combination therapies, advancements in drug delivery systems, and technological progress within the field of ophthalmology, particularly advancements in diagnostic methods and improved treatments for AMD.

How Are the key drivers Contributing to the Expansion of the Macugen Market?

The growing incidence of age-related macular degeneration (AMD) is projected to bolster the development of the macugen market. AMD is a degenerative ocular condition that affects the macula, the middle part of the retina that ensures precise and detailed vision. The escalating occurrence of AMD is due to an aging global population, extended lifespan, and lifestyle choices such as smoking, poor nutrition, and prolonged exposure to ultraviolet (UV) light. Macugen is advantageous for AMD as it curbs vascular endothelial growth factor (VEGF), diminishes awkward blood vessel growth in the retina and leaking, and assists in preserving vision and decelerating the progression of the disease. As per an article published by the National Center for Biotechnology Information, a US-based National Institutes of Health government agency in May 2023, by 2040, the number of people estimated to suffer from AMD is hovering around 288 million. Thus, the burgeoning prevalence of AMD is propelling the macugen market’s advancement.

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Who Are the Leading Players Fueling Growth in the Macugen Market?

Major companies operating in the macugen market are Bausch + Lomb Inc

What Are the Emerging Trends Shaping the Future of the Macugen Market?

The primary trend observed in the macugen market revolves around the growth of gene therapy. This type of therapy incorporates genetic information into a person’s cells in an effort to manage or prevent diseases, especially age-related macular degeneration (AMD). Take for example 2023 when Regenxbio, an American biotech firm, released RGX-314. This product, based on gene therapy, was specifically crafted to carry a gene, coding for an anti-VEGF protein, directly to the eye. This trailblazing solution aims to offer prolonged effects by minimising the requirement for regular injections. Distinct attributes of RGX-314 comprise a potential for only one application, possibly enhancing patient adherence dramatically, and the capacity to address the root causes of AMD rather than simply alleviating symptoms. These breakthroughs position firms favorably in the dynamically evolving sphere of eye-related treatments.

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Which Segments Play a Crucial Role in the Expansion of the Macugen Market?

The macugen market covered in this report is segmented –

1) By Indication: Wet AMD(Age-Related Macular Degeneration (AMD)); Diabetic Macular Edema

2) By Formulation: Intravitreal Injection; Extended-Release Formulations

3) By Distribution Channel: Hospitals And Clinics; Retail And Specialty Pharmacies

4) By End User: Adult Patients; Geriatric Patients

Which Regions Are Driving Growth in the Macugen Market?

North America was the largest region in the macugen market in 2024. The regions covered in the macugen market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What Are the Defining Features of the Macugen Market?

Macugen (pegaptanib sodium) is an anti-vascular endothelial growth factor (VEGF)medication used to treat retinal conditions by inhibiting the growth of abnormal blood vessels in the eye. Its purpose is to reduce vision loss and prevent further damage caused by these abnormal blood vessels. The recommended dosage of Macugen is 0.3 mg, administered once every six weeks by an ophthalmologist under sterile conditions.

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