Aflibercept Drug Market Scope
In the developed world, age-related macular degeneration (AMD) is the main cause of significant visual loss in adults over the age of 65. Aflibercept, a colorectal cancer medication that is designed humanised anti-vascular endothelial growth factor (VEGF), has been linked to serious infections. Aflibercept is a protein that functions as a decoy receptor for all VEGF-A isoforms and placental growth factor. Because of its improved potency and duration of action, aflibercept may provide equal efficacy with fewer intravitreal injections and visits to the doctor. The value of a longer duration of action cannot be stressed for the patient with CRVO requiring monthly intraocular injections, as well as the health care system, which has seen spending on VEGF-inhibitors increase.
The Aflibercept Drug market study is segmented, by Application (Diabetic Macular Edoema (DME), Age-Related Macular Degeneration (AMD) and Central Retinal Vein Occlusion (CRVO)) and major geographies with country level break-up.
The global market is highly competitive and consists of a limited number of providers who compete with each other. The intense competition, changing consumer spending patterns, demographic trends, and frequent changes in consumer preferences pose significant opportunities for market growth. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Aflibercept Drug market throughout the predicted period.
Bayer AG (Germany), Regeneron Pharmaceuticals (United States) and EagleBio (United States) are some of the key players that are part of study coverage.
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
AMA Research has segmented the market of Global Aflibercept Drug market by Type, Application and Region.
On the basis of geography, the market of Aflibercept Drug 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).
On 13th August, 2019 - Regeneron Pharmaceuticals, Inc. Received FDA Approval for “Eylea” (Aflibercept) Injection Prefilled Syringe. In Relation to Vials, the 2 Mg Single-Dose Sterilised Prefilled Syringe Offers Physicians a Novel Approach to Deliver EYLEA That Needs Fewer Preparation Procedures. and On 10th February, 2020 - Bayer and Regeneron Pharmaceuticals Announced Phase III Trials of its New Aflibercept 8mg Formulation. The Trials Evaluate Prolonged Treatment Intervals with A Novel Aflibercept 8mg Formulation for Intravitreal Injection in People with Diabetic Macular Edoema (DME) and Wet Age-Related Macular Degeneration.
Market Trend
- High Investments in Healthcare R&D
Market Drivers
- Prevalence of Age-Related Macular Degeneration (AMD)
- Rising Geriatric Population
Opportunities
- Growth in Healthcare Infrastructure Across Emerging Regions
- Ongoing Clinical Trials for Enhanced Efficacy
Restraints
- Lack of Skilled Professionals
Challenges
- Fierce Competitive Pressure
Key Target Audience
Aflibercept Drug Manufactures, New Entrants and Investors, Aflibercept Drug Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others