Emerging Growth Drivers in the Retinal Vein Occlusion Treatment Market Landscape: The Growing Impact Of Eye Diseases On The Treatment Market
Discover trends, market shifts, and competitive outlooks for the retinal vein occlusion treatment industry through 2025-2034 with The Business Research Company’s reliable data and in-depth research
What Is the Current and Projected Market Size of the Retinal Vein Occlusion Treatment Market Through 2034?
In recent times, there has been substantial growth in the market for treatments of retinal vein occlusion. The market value is projected to increase from $2.26 billion in 2024 to $2.43 billion the following year, representing a Compound Annual Growth Rate (CAGR) of 7.3%. Factors contributing to growth during this historical period include the utilization of combined therapies that address multiple aspects of disease pathophysiology, the increasing incidences of diabetes and hypertension, an increase in access to healthcare and specialized retinal care services, the demonstration of the effectiveness of new treatment methods through clinical trials, and progress in anti-VEGF therapies.
It’s predicted that the market size for retinal vein occlusion treatments will experience substantial growth in the imminent years, escalating to a value of $3.18 billion by 2029, with a compound annual growth rate (CAGR) of 7.0%. The anticipated growth throughout the forecast period can be credited to various factors including affordable pricing and favourable reimbursement policies, the patient’s inclination for non-invasive procedures, increased international health expenditure, a surge in the elderly population, and the emergence of innovative drugs and treatments. Noteworthy trends during the projection period encompass advancements in gene therapy, the advent of nanotechnology in drug administration, the application of artificial intelligence (AI) in diagnostic processes, telemedicine and remote patient monitoring, along with the creation of new patient-centered technologies.
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Which Major Market Drivers Are Expected to Boost the Growth Potential of the Retinal Vein Occlusion Treatment Market?
The escalating frequency of eye-related disorders and diseases is projected to drive the expansion of the retinal vein occlusion treatment market. Eye conditions can encompass anything from minor issues and infections to severe conditions like glaucoma, cataracts, macular degeneration, and diabetic retinopathy. An increase in the occurrence of these conditions is often tied to aging demographics, as well as a rising number of diabetes and hypertension cases. Retinal vein occlusion treatments are designed to stimulate blood circulation, diminish inflammation and avert vision loss, in addition to tackling complications arising from these eye conditions. For instance, in January 2024, the Centers for Disease Control and Prevention reported that more than 3.4 million Americans aged 40 years and older were experiencing blindness or vision impairment. They predict that this number will be two times higher by 2030. Therefore, the rise in eye conditions is fueling the growth of the retinal vein occlusion treatment market.
Which Primary Segments of the Retinal Vein Occlusion Treatment Market Are Driving Growth and Industry Transformations?
The retinal vein occlusion treatment market covered in this report is segmented –
1) By Disease Type: Central Retinal Vein Occlusion (CRVO), Branch Retinal Vein Occlusion (BRVO)
2) By Diagnosis: Optical Coherence Tomography, Fundoscopic Examination, Fluorescein Angiography
3) By Treatment: Anti-Vascular Endothelial Growth Factor (Anti-VEGF), Corticosteroid Drugs, Other Treatments
4) By End-User: Hospital And Clinics, Research And Academics, Other End-Users
Subsegments:
1) By Central Retinal Vein Occlusion (CRVO): Non-Ischemic CRVO, Ischemic CRVO
2) By Branch Retinal Vein Occlusion (BRVO): Non-Ischemic BRVO, Ischemic BRVO
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Which Areas Are Leading Regions in the Retinal Vein Occlusion Treatment Market Expansion Across the Globe?
North America was the largest region in the retinal vein occlusion treatment market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the retinal vein occlusion treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Key Trends Are Shaping the Future of the Retinal Vein Occlusion Treatment Market?
Leading corporations in the retinal vein occlusion treatment market are focusing on the creation of novel products, like interchangeable biosimilars which are predicted to augment treatment choices and enhance patient accessibility. These interchangeable biosimilars are biological medicines highly similar to the existing reference biologic and can effectively control inflammation and fluid leakage. For example, in May 2024, Biocon Biologics Limited, a biosimilar production firm based in India, secured approval from the US Food and Drug Administration for Yesafili (aflibercept-jbvf); a biosimilar of EYLEA (aflibercept) that can be substituted. It serves as a vascular endothelial growth factor (VEGF) inhibitor and addresses various ophthalmic conditions such as neovascular age-related macular degeneration (wet AMD), macular edema stemming from retinal vein occlusion (central RVO or branch RVO), diabetic macular edema (DME), and myopic choroidal neovascularization (myopic CNV).
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What Parameters Are Used to Define the Retinal Vein Occlusion Treatment Market?
Retinal vein occlusion (RVO) treatment involves various strategies aimed at managing complications caused by blocked blood vessels in the retina. These treatments typically focus on reducing swelling (edema) and preventing further vision loss.
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