Industry Background:
Retinal is related to the retina of the eye which is a thin layer of tissue. Major causes of retinal diseases are retinal detachment, diabetic retinopathy, epiretinal membrane, macular hole, macular degeneration, and others. Some of the major symptoms of retinal diseases are seeing floating specks, blurred, defects in the side vision and lost vision. In the last few years, there is a significant increase in retinal diseases across the world. For instance, in 2016, according to an article published by American Academy of Ophthalmology, more than 93 million people had diabetic retinopathy across the worldwide, out of which more than 4.2 million patients were from the United States. Therefore, the rising number of patients across worldwide and increasing consumer buying behavior regarding retinal drugs products are some of the major factors which affect the growth of the market in the future.According to AMA, the market for Retinal Drugs is expected to register a CAGR of 12.2% during the forecast period to 2026. This growth is primarily driven by Rising Old Population and Corresponding Increase in Technology Advancement of Retinal Drugs across the World and Increasing Number of Patients Regarding the Incidence of Eye-Related Diseases.
Globally, a noticeable market trend is evident One of the latest trends of this Market is Increasing Usage of Combination Therapies. The Pharmaceuticals sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Bayer AG (Germany), F. Hoffmann-La Roche (Switzerland), Bausch & Lomb (United States), Novartis International AG (Switzerland), Regeneron Pharmaceuticals, Inc. (United States), Johnson and Johnson Vision (United States), Merck & Co. (United States), Shire Plc (Untied States), Janssen Biotech, Inc. (United States) and Teva Pharmaceutical Industries Ltd. (Israel) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In January 2019, the Santen Pharmaceutical Co., Ltd. (Japan) company has planned to products for retinal disease and glaucoma. Hence, this launched will benefit increase in the product portfolio of the company.
Market Drivers
- Rising Old Population and Corresponding Increase in Technology Advancement of Retinal Drugs across the World
- Increasing Number of Patients Regarding the Incidence of Eye-Related Diseases
Market Trend
- One of the latest trends of this Market is Increasing Usage of Combination Therapies
Restraints
- Issue related to Risk of Side Effects associated with Retinal Drugs
Opportunities
Mounting Demand from Emerging Economics such as China, India, Brazil, among others and Government Initiative for the Treatment of Retinal Diseases
Challenges
The problem regarding the Shortage of trained professionals
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Retinal Drugs Study Sheds Light on
The Retinal Drugs Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Retinal Drugs industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Retinal Drugs industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.