What is the global market size of Retinal Vein Occlusion Treatment Market?

Retinal Vein Occlusion Treatment Market size was valued at USD 12.57 billion in 2021 and is poised to grow from USD 13.92 billion in 2022 to USD 31.48 billion by 2030, growing at a CAGR of 10.7% in the forecast period (2023-2030).

Global Retinal Vein Occlusion Treatment Market

Retinal Vein Occlusion Treatment Market Size, Share, Growth Analysis, By Disease Type(Central Retinal Vein Occlusion (CRVO), Branch Retinal Vein Occlusion (BRVO)), By Treatment(Anti-vascular Endothelial Growth Factor (Anti-VEGF), Corticosteroid Drugs) - Industry Forecast 2024-2031

Report ID: SQMIG35I2215 | Region: Global | Published Date: March, 2024
Pages: 219 | Tables: 62 | Figures: 70

Retinal Vein Occlusion Treatment Market News

In December 2020, Arctic Vision, a clinical-stage company specializing in ophthalmology and headquartered in China, achieved a significant milestone. They received approval for the Phase III Investigational New Drug (IND) for treating Uveitic Macular Edema (UME). This marked a notable accomplishment as it was the first clinical trial in China for UME therapy involving suprachoroidal space (SCS) injection. This novel approach aimed to introduce an alternative treatment option for UME patients in China.

In December 2020, Novartis released positive outcomes from the initial interpretable results of a Phase III clinical trial evaluating the effectiveness and safety of their product Beovu. The findings showcased Beovu's potential, putting it in close competition with Eylea, a leading therapy developed by Regeneron for enhancing diabetic macular edema treatment.

Retinal Vein Occlusion Treatment Market Report Snapshots

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Retinal Vein Occlusion Treatment Market size was valued at USD 13.92 billion in 2022 and is poised to grow from USD 15.41 billion in 2023 to USD 34.75 billion by 2031, growing at a CAGR of 10.70% during the forecast period (2024-2031).

The competitive landscape of the retinal vein occlusion market offers comprehensive insights into each competitor's profile. These details encompass company overview, financial performance, revenue generation, market potential, investments in research and development, initiatives in new markets, reach, production facilities, strengths and weaknesses, product launches, ongoing clinical trial pipelines, product approvals, patents, product diversity, application dominance, and the trajectory of technology adoption. The aforementioned data points pertain exclusively to the companies' endeavors pertaining to research in the retinal vein occlusion market. 'Alcon', 'Pfizer Inc.', 'Genentech', 'Regeneron Pharmaceuticals Inc.', 'Allergan plc', 'Johnson & Johnson', 'F. Hoffmann-La Roche Ltd.', 'Sanofi', 'Thrombogenics Inc.', 'Acucela Inc.', 'Clearside Biomedical Inc', 'EyePoint Pharmaceuticals Inc.', 'Sirnaomics Inc.', 'Astellas Pharma Inc.', 'Bellus Health Inc.'

The retinal vein occlusion market is driven by several key factors, including the escalating incidence of eye diseases, a growing geriatric population, improved understanding of eye disorders, bolstered healthcare facilities, technological advancements, and the emergence of novel therapies. The presence of a robust pipeline and recent approvals of new drugs further contribute to the momentum of the retinal vein occlusion market's growth. As the number of retinal vein occlusion cases rises, and more molecules are being researched for treatment, the efficacy of retinal vein occlusion therapy is also on the rise, supported by a strong pipeline and recent drug clearances. This trend holds the potential to greatly propel the market's expansion, presenting opportunities for embracing innovative retinal vein occlusion therapeutics.

The increasing prevalence of retinal vein occlusion, particularly among the aging population, is driving the demand for effective treatment options. As the population ages, the incidence of this condition is expected to rise, contributing to market growth.

Regional insights in the retinal vein occlusion treatment market reveal variations in prevalence, healthcare infrastructure, and treatment approaches across different regions. North America holds a prominent position due to its advanced medical facilities, high healthcare expenditure, and increasing elderly population. Europe follows suit with its well-established healthcare systems and access to innovative treatments. Asia-Pacific exhibits promising growth potential due to a rising geriatric population, changing lifestyle factors, and improving healthcare infrastructure. Developing economies in this region, such as China and India, are witnessing increased prevalence of retinal vein occlusion, driving the demand for effective treatments. Latin America and the Middle East also contribute to the market growth, driven by improved healthcare awareness and growing investments in medical technologies. Overall, the regional landscape underscores the need for accessible and effective treatments to address retinal vein occlusion across diverse healthcare settings.

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Retinal Vein Occlusion Treatment Market Size, Share, Growth Analysis, By Disease Type(Central Retinal Vein Occlusion (CRVO), Branch Retinal Vein Occlusion (BRVO)), By Treatment(Anti-vascular Endothelial Growth Factor (Anti-VEGF), Corticosteroid Drugs) - Industry Forecast 2024-2031

Retinal Vein Occlusion Treatment Market News

Retinal Vein Occlusion Treatment Market Report Snapshots

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