Retinal biologics market revenue totaled USD 19.96 Billion in 2021. The global market is expected to reach USD 41.92 Billion by 2028, surging at a CAGR of 11.1% over the period of 2022 to 2028.
| Attribute | Details |
|---|---|
| Retinal Biologics Market Size (2022) | USD 22.25 Billion |
| Sales Forecast (2028) | USD 41.92 Billion |
| Global Market Growth Rate (2022 to 2028) | 11.1% CAGR |
| Share of Top 5 Players | 50% |
Retinal biologics accounted for 6.9% share of the global biologic therapeutics market in 2021.
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| Particulars | Details |
|---|---|
| H1, 2021 | 11.08% |
| H1, 2022 Projected | 11.14% |
| H1, 2022 Outlook | 10.94% |
| BPS Change - H1, 2022 (O) - H1, 2022 (P) | (-) 20 ↓ |
| BPS Change - H1, 2022 (O) - H1, 2021 | (-) 14 ↓ |
According to Future Market Insights' analysis, the global retinal biologics market expects to drop by 14 Basis Point Share (BPS) in H1-2022 as compared to H1-2021. Whereas in comparison to H1-2022 Projected value, the market during H1-2022 outlook period will show a dip of 20 BPS.
The availability of very few retinal biologics, their severe side effects, rigorous regulatory standards involved with obtaining biologics approvals, and the exorbitant cost of effective drugs and biologics are all contributing factors to the drop in BPS values.
The market will however witness a positive growth outlook over the forecast period, owed to the increasing intensive research activities for the production of novel biologics for novel disease therapeutics.
The key development in the market includes innovations in ocular drug delivery to the retina with the development of intravitreal drugs. The retinal biologics market is subject to macroeconomic and industrial factors in accordance to stringent regulatory standards and approval activities for biologics.
Rising Burden of Retinal Diseases to Boost Overall Market Growth
From 2013 to 2021, the global retinal biologics market registered significant gains, experiencing a CAGR worth 10.2%
Retinal biologics are bioengineered molecules that are implanted inside the eyes to heal chronic retinal diseases. Biologics are generally produced from living organisms such as microorganisms, or animal or plant cells. Some of the retinal biologics used for retinal diseases are Eylea, Lucentis, Humira, Macugen, and others.
Increased frequency of retinal diseases such as age-related macular degeneration around the world is driving the market expansion. According to WHO statistics, nearly 2.2 billion individuals worldwide suffer from near or distance vision impairment. As the prevalence of vision impairment rises, the need for effective therapeutic alternatives, such as retinal biologics, is rising as well.
Retinal biologics are a new class of medications that target specific markers in the patient's body to alleviate the symptoms of a variety of systemic or ocular disorders that present in the eye.
Considering these factors, the market is projected to witness high growth over the forecast period, registering an impressive CAGR of 11.1% to reach USD 41.92 Billion by 2028.
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Rising R&D Activities in Retinal Gene Therapies to Fuel Market Expansion
The market will be driven by a strong focus on R&D connected with retinal gene therapies conducted by different institutes, biologics firms, and innovative product releases by prominent market participants in the form of biologics and implants. Efforts to develop a complementary therapeutic treatment will boost the market growth.
Market Growth Complemented by Increasing Burden of Retinal Diseases
Diabetic retinopathy has been a rising concern as the disease leads to vision loss among type I and type II adult diabetic patients. Diabetic macular edema also results from the consequences of diabetic retinopathy, which leads to the swelling of the macula. Moreover, increasing burden of other retinal diseases such as uveitis and orbital inflammation is another factor surging demand for retinal drugs and biologics.
Retinal gene therapy is a therapeutic approach wherein inherited defective genes are replaced by treatment with DNA or RNA. Retinal gene therapy is considered to be a significant approach as there occurs less contamination, and the viral vector can easily accommodate within the eyes.
Regulatory Obstructions Likely to Hinder Demand for Retinal Biologics
Limited availability of retinal biologics, hazardous biologic side effects, and limited access for retinal biologics and efficient treatments due to higher costs are restraining the market growth.
The market is being challenged by the side effects of retinal biologics, which include retinal tear, sickness, and eye pain. Governing authorities' strict regulatory compliances associated with biologics approval are impeding industry growth.
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Ongoing Advancements in Biologics for Retinal Treatment
North America is expected to have a significant share in the global retinal biologics market. Continuous improvements in healthcare infrastructure, as well as an increase in the number of cases of retinal illnesses and favorable reimbursement policies, are expected to promote market expansion in the region.
Prominent presence of key manufacturers and increased healthcare spending are driving market growth in the region. Growing diabetes population is a major driver in the development of biologics for retinal treatment in North America.
Increased Prevalence of Diabetic Macular Edema to Augment Demand for Retinal Biologics
Diabetic retinopathy is a disease that affects people who have diabetes. Diabetic retinopathy is the major cause of new incidents of blindness in adults aged 20 to 74 years in the United States.
According to a new research study released by the Centers for Disease Control and Prevention, more than 100 million persons in the United States currently have diabetes or prediabetes.
In addition, researchers are working on innovative strategies to treat diabetic macular edema. As a result, rising R&D spending in the country as well as risk factors that contribute to disease development will have an impact on the retinal biologics market in the USA over the forecast period.
Rising Efforts for Development of Retinal Drugs to Drive Market Growth.
The market in China is expected to grow due to rapidly rising cases of uveitis, diabetic retinopathy, and macular degeneration. Diabetes is exacerbated by a shift in lifestyle and an increase in bad eating habits, as a result of these factors, the global market for retinal drugs and biologics is expected to expand significantly.
Along with increasing incidence of eye diseases, there are a growing number of research initiatives focused on retinal drugs. Furthermore, growing geriatric population, which is becoming a target patient pool for retinal biologics, will boost market growth in China.
VEGF-A Antagonists Most Preferred as They are Largely Tolerated & Give Instant Results to Eye Disorders.
VEGF-A antagonists are used to treat eye damage and enhance corneal wound healing. The global retinal biologics market is also expected to be fueled by the rising prevalence of other retinal illnesses such as orbital inflammation and uveitis.
VEGF-A antagonists are commonly given for the treatment of diabetic retinopathy and diabetic macular edema. In the case of non-infectious uveitis, it is seen to be the ideal alternative to typical suppressing treatments.
Many firms have focused on VEGF-A antagonists because they reduce angiogenesis. Manufacturers are investing in the development of retinal biologics in a similar field due to the widespread acceptance of VEGF-A antagonist therapy.
Increasing Adoption of Retinal Biologics for Macular Degeneration Treatment
Macular degeneration indication is expected to account 36.9% share of the retinal biologics market in 2022. Macular Degeneration is a vision loss condition that affects the macula.
Despite the availability of improved treatment alternatives, the global retinal biologics market is likely to benefit from the increased prevalence of macular degeneration. According to the American Macular Degeneration Foundation, the prevalence is higher than the combined rates of cataracts and glaucoma in over 10 million Americans (AMDF).
Because macular degeneration primarily affects adults aged 50 and over, the prevalence of MD continues to go up, despite improving treatment choices, as the population ages.
Several companies are entering into licensing and collaboration agreements to expand their products into various countries across the world to cater to unmet demand. Leading market players are concentrating their efforts on research & development to discover new medications and improve treatment options.
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| Attribute | Details |
|---|---|
| Forecast Period | 2022 to 2028 |
| Historical Data Available for | 2013 to 2021 |
| Market Analysis | Value in USD Million |
| Key Regions Covered | North America; Latin America; Europe; East Asia; South Asia & Pacific; Middle East & Africa (MEA) |
| Key Countries Covered | USA, Canada, Mexico, Brazil, Mexico, Argentina, Germany, Italy, France, UK, Nordic, Spain, Japan, China, India, Malaysia, Thailand, Australia, GCC Countries, South Africa, Turkey |
| Key Market Segments Covered | Drug Class, Indication, Distribution Channel, Region |
| Key Companies Profiled | Spark Therapeutics, Inc.; F. Hoffmann-La Roche Ltd.; Regeneron Pharmaceuticals, Inc.; AbbVie Inc.; Amgen Inc.; Novartis Pharma AG; MeiraGTx Limited; Oxurion NV; Santen Pharmaceutical Co., Ltd.; Bayer AG; Bausch Health Companies Inc.; Merck & Co., Inc. |
| Pricing | Available upon Request |
The global retinal biologics market is estimated to exhibit a CAGR of 11.1% during the forecast period (2022 to 2028).
Macular degeneration accounts for 36.9% share of the retinal biologics market.
The global retinal biologics market is expected to reach a valuation of USD 41.92 Billion by 2028.
Increasing prevalence of diabetic eye diseases and significant R&D investments for developing biologics are key trends driving market growth.
Major players operating in the market include Spark Therapeutics, Inc., F. Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., AbbVie Inc., and Amgen Inc.
1. Executive Summary 2. Market Introduction 3. Global Economic Outlook 4. Market Opportunity Analysis 5. Market Dynamics 6. Key Inclusion 7. North America Market Analysis 2013 to 2021 and Forecast 2022 to 2028 8. Latin America Market Analysis 2013 to 2021 and Forecast 2022 to 2028 9. Western Europe Market Analysis 2013 to 2021 and Forecast 2022 to 2028 10. Eastern Europe Market Analysis 2013 to 2021 and Forecast 2022 to 2028 11. Asia Pacific Excluding Japan Market Analysis 2013 to 2021 and Forecast 2022 to 2028 12. Japan Market Analysis 2013 to 2021 and Forecast 2022 to 2028 13. Middle East and Africa Market Analysis 2013 to 2021 and Forecast 2022 to 2028 14. Forecast Factors: Relevance and Impact 15. Forecast Assumptions 16. Competition Analysis 16.1. Spark Therapeutics Inc. 16.2. F. Hoffmann-La Roche Ltd 16.3. Regeneron Pharmaceuticals, Inc. 16.4. AbbVie Inc 16.5. Johnson & Johnson Services, Inc 16.6. Amgen Inc. 17. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 by Region 17.1. North America 17.2. Latin America 17.3. Western Europe 17.4. Eastern Europe 17.5. Asia Pacific Excluding Japan 17.6. Japan 17.7. Middle East and Africa 18. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By Drug Class 18.1. VEGF-A antagonist 18.2. TNF-α inhibitor 19. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By Indication 19.1. Macular degeneration 19.2. Diabetic Retinopathy 19.3. Diabetic Macular Edema 19.4. Uveitis 19.5. Others 20. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028, By Distributional Channel 20.1. Institutional Sales 20.1.1. Specialty Clinics 20.1.2. Hospitals 20.2. Retail Sales 20.2.1. Retail Pharmacies 20.2.2. Mail Order Pharmacies 21. Global Market Analysis 2013 to 2021 and Forecast 2022 to 2028 22. Assumptions and Acronyms Used 23. Research Methodology
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Retinal Biologics Market
