Retinitis Pigmentosa Market Scope
Retinitis pigmentosa is a group of rare, genetic disorders that involve a breakdown and loss of cells in the retina, a light-sensitive tissue that lines the back of the eye, which can lead to loss of sight. The common symptom for retinitis pigmentosa involves difficulty seeing at night and a loss of side (peripheral) vision. It is a rare disorder that is passed from parent to child and only 1 out of every 4,000 people get it. The factors such as Increased Prevalence of Retinitis Pigmentosa and Increased Number of Diagnostic Centres are driving the global retinitis pigmentosa market.
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain a competitive advantage through combined collaborations. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Retinitis Pigmentosa market throughout the predicted period.
ReNeuron Group (United Kingdom), Amarantus BioScience Holdings, Inc. (United States), Ocugen, Inc. (United States), ReGenX Biosciences, LLC (United States), Sucampo Pharmaceuticals, Inc. (United States), Orphagen Pharmaceuticals, Inc. (United States), Second Sight Medical Products, Inc. (United States), Novartis (Switzerland) and MeiraGTx Limited (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are GenSight Biologics S.A. (France) and Allergan, Inc. (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
Segmentation Overview
The study have segmented the market of Global Retinitis Pigmentosa market and Region with country level break-up.
On the basis of geography, the market of Retinitis Pigmentosa has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In September 2019, Ocugen, Inc., a clinical-stage biopharmaceutical company focused on innovative therapies that address rare and underserved eye diseases, has announced the completion of its merger with Histogenics Corporation, and the change of the combined company’s name to “Ocugen, Inc.”
On 05 March 2021, Second Sight Medical Product, Inc. announced the Argus 2s Retinal Prosthesis System, a modified set of external hardware. Argus II systems for the treatment of Retinitis Pigmentosa (RP), have been authorized by the US Food and Drug Administration (FDA). The Argus 2s is expected to be converted to serve as the external system for the next-generation Orion Visual Cortical Prosthesis System, which is currently in development. Additionally, from ergonomic enhancements, the Argus 2s system has much higher computing power, which could lead to better video processing.
“As per US National Library of Medicine, Nation Institute of Health, Retinitis pigmentosa (RP) is a set of genetic illnesses that affects many people and is marked by abnormalities of the photoreceptors (rods and cones) or the retinal pigment epithelium, resulting in progressive vision loss. RP is inherent in three ways: autosomal dominant, autosomal recessive, and X-linked. RP can develop as part of a condition, such as Usher syndrome or Bardet-Biedl syndrome, and is usually localized to the eye. Retinitis pigmentosa (RP) is a group of illnesses characterized by progressive retinal degeneration that begins in the mid-periphery and progresses to the macula and fovea. Night blindness is a common symptom, which is followed by shrinking visual fields, tunnel vision, and finally legal blindness or, in many cases, total blindness. On a cellular level, this corresponds to a rod photoreceptor system that is mostly damage.”
Market Trend
- Advancements in the Medical Science
- Increased Awareness among People About Healthy Lifestyle
Market Drivers
- Increased Prevalence of Retinitis Pigmentosa
- Increased Number of Diagnostic Centres
Opportunities
- Growth in the Healthcare Industry
- Increased Research and Development Activities
Restraints
- Side Effects of the Drugs used for Retinitis Pigmentosa
Challenges
- Stringent Rules and Regulations
Key Target Audience
Retinitis Pigmentosa Treatment Providers, Distributors, Emerging Companies, Research Professionals and End-users