About Retinal Biologics
Biologics are effective medicines made up of small components such as sugars, proteins, or DNA, or entire cells or tissues. Retinal biologics are bioengineered particles implanted in the eyes to treat chronic retinal diseases. The majority of biologics are derived from living organisms, such as plant or animal cells or microorganisms. Macugen, Humira, Lucentis, Eylea, and other retinal biologics are used to treat retinal diseases. With the increase in diabetes across the world; the demand for retinal biologics is also increasing.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The future of the retinal biologics market is bright, with continued research and development promising even more effective and accessible treatments. As competition intensifies and innovation thrives, the landscape is likely to see further consolidation, partnerships, and breakthroughs, ultimately leading to improved vision and quality of life for millions suffering from retinal diseases. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Spark Therapeutics (United States), Regeneron Pharmaceuticals, Inc. (United States), AbbVie Inc. (United States), Johnson & Johnson (United States), Amgen Inc. (United States), Novartis International AG (Switzerland) and ALLERGAN (Ireland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Janssen Biotech (United States), Ocular Therapeutix (United States), Samsung Biologics (South Korea) and Spark Therapeutics (United States).
Segmentation Overview
AMA Research has segmented the market of Global Retinal Biologics market by , Application (Hospitals, Clinics, Research Organizations and Others) and Region.
On the basis of geography, the market of Retinal Biologics 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). If we see Market by Diagnostic Tests, the sub-segment i.e. Amsler grid test will boost the Retinal Biologics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Disease Indication, the sub-segment i.e. Retinal Tear will boost the Retinal Biologics market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Advancements in Technology of Retinal Biologics
Market Growth Drivers:
Need of Retinal Biologics to Treat Retinal Diseases and Growing Diabetic Population
Challenges:
Need of High R&D Expenses for The Development of Retinal Biologics and Lack of Enough Skilled Employees to Operate in Manufacture of Retinal Biologics
Restraints:
High Cost Associated with Retinal Biologics
Opportunities:
Increasing Awareness About the Retinal Disease Will Boost the Demand of Retinal Biologics and Growing Investment in Medical Infrastructure by Developing Countries Will Increase the Demand of Retinal Biologics
Market Leaders and their expansionary development strategies
In December 2023, Gyroscope Therapeutics receives FDA Fast Track designation for GB-601. This potential gene therapy for choroideremia, a progressive X-linked retinal disease, aims to restore vision by introducing a functional copy of the REP1 gene.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Retinal Biologics Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.