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marketanalysisdata · 2 months ago

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Aptamers Market In-Depth Analysis of Industry Share, Growth Outlook 2030

The global aptamers market was valued at USD 1.94 billion in 2022 and is projected to expand with a robust compounded annual growth rate (CAGR) of 24.54% from 2023 to 2030. The rise in interest among researchers in aptamers is driven by advancements in aptamer generation, purification, and targeted drug delivery techniques that kill target cells. Aptamers offer competitive advantages, such as small molecular size, low immunogenicity, cost-effective manufacturing, and fewer side effects compared to antibodies. These advantages are likely to fuel research and development (R&D) in novel aptamer technologies, subsequently propelling the growth of the aptamers market. Despite significant global research efforts, highly effective treatments for COVID-19 remain limited due to extensive genetic mutations of the virus. However, aptamer-based biotechnological approaches present a promising potential in COVID-19 treatment.

Aptamer-based diagnostic products are increasingly preferred by diagnostic and pathology laboratories for disease diagnosis at the cellular level, given their small size, high specificity, selectivity, and efficacy. The prevalence of diseases such as cancer, cardiovascular disease (CVD), and age-related macular degeneration (AMD) is anticipated to lead to a higher patient turnout in laboratories for diagnostic purposes, boosting demand for aptamer-based diagnostic products. Cancer Research UK projects that approximately 27.5 million individuals could be diagnosed with cancer by 2040, underscoring the increasing need for advanced diagnostics.

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In March 2022, SomaLogic initiated the assay of samples through its SomaScan Assay for the European Prospective Investigation into Cancer and Nutrition (EPIC) study, analyzing 210 million protein measurements from 30,000 samples. This large-scale study aims to support cancer prediction by enhancing the understanding of cancer, potentially addressing the rising demand for cancer diagnostics and contributing to market growth.

Currently, Macugen, developed by Eyetech Pharmaceuticals, Inc. (now commercialized by Bausch Health Companies Inc.), remains the only FDA-approved therapeutic aptamer in the U.S. since its approval in 2004. It is prescribed for treating AMD. Ongoing technological advances in research continue to direct scientific focus toward developing new aptamer-based drugs to treat various conditions. Several products are in clinical trials, including Zimura, developed by IVERIC Bio, Inc., for treating AMD. The anticipated approval of such drugs could further stimulate market growth in the near future.

Application Segmentation Insights:

The aptamers market is segmented based on application into diagnostics, therapeutics development, research and development, and others. The research and development (R&D) segment accounted for the largest market share at 31.38% in 2022, driven by the rising demand for aptamers and increasing R&D activity in the field. Key players have pursued various strategic initiatives, such as collaborations, partnerships, and agreements to support aptamer-based diagnostics and therapeutic development. For instance, in June 2021, SomaLogic and Ixaka Ltd entered into a research partnership to facilitate the discovery and development of bispecific therapeutics using aptamers. This partnership specifically explores the safety and efficacy of antigen-specific SOMAmer reagents, which is expected to further boost growth in the R&D segment.

The therapeutics segment is anticipated to grow rapidly, with a projected CAGR of 26.08% from 2023 to 2030. Aptamers offer several advantages over traditional protein therapeutics, including the ability to design antidotes in a targeted way (a challenge with antibodies), synthetic accessibility, and modifications through medicinal chemistry. These factors collectively enhance the therapeutic segment's market strength. However, therapeutic aptamers face challenges with nuclease resistance, which could potentially hinder growth in this segment.

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#Aptamers Market Share #Aptamers Market Analysis #Aptamers Market Trends #Aptamers Market Growth

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datalyst · 2 months ago

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The Lutein Market: Emerging Trends, Growth Drivers, and Future Outlook

The Lutein Market has garnered significant attention due to increasing awareness about eye health, rising demand for nutraceuticals, and the growing trend toward preventive healthcare. Lutein, a carotenoid found in high concentrations in leafy green vegetables, plays a crucial role in maintaining eye health and reducing the risk of chronic eye conditions such as age-related macular degeneration (AMD) and cataracts. As the global population ages and people become more concerned about their long-term well-being, the demand for lutein as a dietary supplement and in functional foods has risen steadily. This blog delves into the key aspects of the lutein market, its growth drivers, challenges, trends, and future outlook.

What is Lutein?

Lutein is a naturally occurring carotenoid pigment that belongs to the xanthophyll group. Found primarily in the macula and retina of the eye, lutein plays a vital role in protecting the eyes from oxidative stress and high-energy light, especially blue light. The human body does not produce lutein, so it must be obtained through diet or supplements. Rich sources of lutein include spinach, kale, broccoli, corn, egg yolks, and certain fruits. In addition to its well-known benefits for eye health, lutein is also thought to have antioxidant properties that may protect against a variety of chronic conditions.

Market Overview

The global lutein market has been expanding rapidly over the past few years, with a growing consumer base that recognizes the importance of eye health. According to recent reports, the lutein market was valued at approximately USD 315 million in 2023 and is expected to reach USD 475 million by 2030, growing at a compound annual growth rate (CAGR) of 6.1% during the forecast period. The market is primarily driven by rising consumer awareness about eye health, an increase in the prevalence of vision-related disorders, and the expanding usage of lutein in the food and beverage industry.

Key Growth Drivers

Several factors are contributing to the robust growth of the lutein market:

1. Rising Incidence of Eye Disorders

One of the primary drivers of the lutein market is the increasing prevalence of eye disorders, particularly among the elderly population. According to the World Health Organization (WHO), nearly 2.2 billion people worldwide suffer from vision impairment, and approximately 1 billion of these cases could have been prevented or addressed with proper care. Age-related macular degeneration (AMD) and cataracts are two of the most common eye disorders that affect millions of people globally. Lutein has been shown to reduce the risk of these conditions by filtering harmful blue light and neutralizing oxidative damage in the eyes.

2. Growing Demand for Dietary Supplements

Another key driver of the lutein market is the rising demand for dietary supplements. With more people taking proactive steps to improve their overall health, the use of supplements that promote eye health, including lutein, has surged. Lutein supplements are often marketed as part of comprehensive eye health formulations, which include other carotenoids like zeaxanthin. These supplements are especially popular among aging populations who are at higher risk for eye diseases.

3. Health Benefits Beyond Eye Health

While lutein is most commonly associated with eye health, research suggests that it may offer additional health benefits, including improved cognitive function and cardiovascular health. Studies indicate that lutein may play a role in reducing inflammation and improving cognitive performance in older adults. Furthermore, its antioxidant properties may help reduce the risk of chronic diseases such as cardiovascular disease, which has fueled its popularity among health-conscious consumers.

4. Increasing Use of Lutein in Functional Foods

As consumer preferences shift toward healthier food choices, the demand for functional foods fortified with ingredients like lutein has grown. Lutein is now commonly used in the production of beverages, dairy products, and baked goods, providing consumers with an easy way to incorporate this beneficial nutrient into their diets. The use of lutein in the food and beverage industry is expected to continue expanding as companies seek to meet the growing demand for functional, health-boosting products.

Market Segmentation

The lutein market can be segmented based on form, application, and region:

1. By Form

Lutein is available in two primary forms: powder and liquid. The powdered form is widely used in dietary supplements and food products, while the liquid form is more commonly used in cosmetics and pharmaceutical applications.

2. By Application

Dietary Supplements: Lutein supplements are primarily consumed by individuals looking to improve eye health and reduce the risk of vision-related disorders. This segment dominates the lutein market due to its growing popularity among aging populations.

Food and Beverages: Lutein is increasingly being added to functional foods, such as fortified juices, dairy products, and snacks, as part of the trend toward healthier eating habits.

Cosmetics: Lutein is used in skincare products for its antioxidant properties, which can help protect the skin from damage caused by free radicals and UV exposure.

Pharmaceuticals: In the pharmaceutical sector, lutein is used in the development of eye health treatments and medications aimed at preventing or slowing the progression of vision-related conditions.

3. By Region

North America: North America holds the largest share of the lutein market, driven by a high incidence of eye disorders, strong consumer awareness, and the widespread availability of lutein supplements.

Europe: Europe is another key market for lutein, with countries such as Germany and the UK leading the way in terms of dietary supplement consumption and research into eye health.

Asia Pacific: The Asia Pacific region is expected to experience the highest growth rate in the lutein market due to increasing awareness about the benefits of lutein, rising healthcare spending, and a growing elderly population in countries like China, Japan, and India.

Rest of the World: Other regions, including Latin America, the Middle East, and Africa, are also showing potential for market growth as awareness about lutein's health benefits increases.

Challenges Facing the Lutein Market

Despite its promising growth prospects, the lutein market faces several challenges:

1. High Production Costs

The extraction and purification of lutein from natural sources, such as marigold flowers, can be expensive. This high production cost can limit the availability of lutein-based products and result in higher prices for consumers.

2. Lack of Standardization

Another challenge is the lack of standardization in the lutein supplement market. Different products may contain varying concentrations of lutein, making it difficult for consumers to determine the efficacy of different brands.

3. Limited Consumer Awareness

While awareness about lutein's benefits is growing, many consumers are still unaware of the specific role lutein plays in eye health. More educational efforts are needed to inform the public about the importance of lutein and the benefits of regular supplementation.

Future Outlook

The future of the lutein market looks bright, with continued growth expected over the coming years. Key trends that are likely to shape the market include:

Increased Demand for Natural and Organic Products: As consumers become more health-conscious and environmentally aware, the demand for natural and organic lutein products is expected to rise.

Technological Advancements in Extraction: Innovations in lutein extraction processes may help reduce production costs and improve the quality and availability of lutein supplements.

Expansion in Emerging Markets: As awareness about eye health increases in developing regions, the lutein market is likely to see significant growth in countries across Asia, Latin America, and Africa.

Conclusion

The lutein market is poised for robust growth, driven by increasing consumer awareness about eye health, rising demand for dietary supplements, and the expanding use of lutein in functional foods and cosmetics. While challenges such as high production costs and limited consumer awareness persist, the overall outlook for the market remains positive. As research into lutein's health benefits continues and technological advancements make lutein more accessible, the market is expected to thrive, offering new opportunities for businesses and consumers alike.

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latestmarketresearchnews · 2 months ago

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Aptamers Market - Structure, Size, Trends, Analysis and Outlook 2030

The global aptamers market was valued at USD 1.94 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 24.54% from 2023 to 2030. This rapid growth is being driven by significant advancements in the development, purification, and drug delivery systems for targeting and eliminating harmful cells, which have garnered the attention of researchers. Aptamers possess several competitive advantages over traditional antibodies, including smaller molecular size, lower immunogenicity (reduced immune response), reduced manufacturing costs, and fewer side effects. These benefits are encouraging research and development (R&D) efforts in the creation of new aptamers, fueling market expansion.

Despite considerable research, no highly effective treatments for COVID-19 have been identified, partly due to the virus's extensive genetic mutations. However, biotechnological approaches, including the use of aptamers, hold promise in combating COVID-19 infections. Nucleic acid-based aptamers and peptide aptamers are believed to offer potential therapeutic solutions for the virus, and various government initiatives are supporting the development of novel treatments for COVID-19. For example, in September 2020, the Department of Community & Economic Development awarded USD 320,000 to Aptagen LLC to fund research and development of a novel COVID-19 treatment. This investment reflects the growing recognition of aptamers' potential in addressing unmet medical needs.

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Aptamers are also proving valuable in diagnostics. Using SELEX (Systematic Evolution of Ligands by Exponential Enrichment) technology, aptamer-based diagnostic kits and assays can develop high-affinity neutralizers and bioprobes for detecting SARS-CoV-2 and other COVID-19 biomarkers. These innovations are expected to further drive market growth. For example, in December 2021, Achiko AG received approval from the Indonesian Ministry of Health for its COVID-19 diagnostic kit, Aptamex. Aptamex is a second-generation, cost-effective diagnostic tool based on DNA aptamer technology, representing an emerging solution in healthcare diagnostics.

Type Segmentation Insights:

The aptamers market is segmented into nucleic acid aptamers and peptide aptamers. In 2022, the nucleic acid aptamers segment dominated the market, holding a 78.19% share, and is expected to exhibit the highest growth during the forecast period. Many companies are actively exploring the therapeutic mechanisms of nucleic acid aptamers for treating various disorders, such as age-related macular degeneration (AMD). For instance, in June 2021, the U.S. Food and Drug Administration (FDA) granted IVERIC BIO (formerly Ophthotech Corporation) a written agreement under the Special Protocol Assessment (SPA) for the design of its phase 3 clinical trial, GATHER2. The trial aims to assess the efficacy of Zimura, a nucleic acid aptamer-based drug, for patients with geographic atrophy (GA) secondary to AMD. This FDA approval is expected to significantly bolster the growth of the nucleic acid aptamer segment.

The peptide aptamer segment is anticipated to experience substantial growth, with a projected CAGR of 22.77% from 2023 to 2030, driven by its broad applications in diagnostics and therapeutics. For instance, in August 2021, scientists from the Engineering Center for Microtechnology and Diagnostics developed an innovative biosensor for multiparametric express testing in the preclinical diagnostics of cardiovascular diseases. This testing uses next-generation biochips, which are based on a peptide aptamer marker system and molecular recognition technology. The researchers designed peptide aptamers using data from the Data Bank and Protein 3D software. The introduction of such advanced products in the market is likely to increase the utilization of peptide aptamers, contributing to the segment's growth.

In summary, the aptamers market is poised for rapid expansion due to the advantages of aptamers in therapeutic and diagnostic applications, advancements in technology, and ongoing R&D efforts. The market's growth is further supported by government initiatives, regulatory approvals, and the increasing use of aptamer-based solutions in areas such as COVID-19 treatment, diagnostics, and the management of other medical conditions.

Order a free sample PDF of the Aptamers Market Intelligence Study, published by Grand View Research.

#Aptamers Market Research #Aptamers Market Forecast #Aptamers Market Size #Aptamers Industry

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omshinde5145 · 4 months ago

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Lutein Market Size to Expand Significantly by the End of 2030

The Lutein Market was valued at USD 0.4 billion in 2023 and will surpass USD 0.58 billion by 2030; growing at a CAGR of 5.5% during 2024 - 2030. The report focuses on estimating the current market potential in terms of the total addressable market for all the segments, sub-segments, and regions. In the process, all the high-growth and upcoming technologies were identified and analyzed to measure their impact on the current and future market. The report also identifies the key stakeholders, their business gaps, and their purchasing behavior.

The lutein market has witnessed substantial growth, driven by increasing consumer awareness about health and wellness. Lutein is naturally found in leafy greens, eggs, and certain fruits and vegetables. However, the concentration of lutein in these sources is often insufficient to meet the growing demand, leading to a surge in the production of lutein supplements and fortified foods.

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Key Trends Shaping the Market

Rising Awareness of Eye Health: With the global rise in screen time due to digital devices, concerns about eye health have become more pronounced. Lutein, known for its role in reducing the risk of age-related macular degeneration (AMD) and cataracts, is increasingly sought after.

Growth of the Nutraceutical Sector: The nutraceutical industry, which focuses on products derived from food sources that offer health benefits, is booming. Lutein supplements are a significant part of this growth, offering consumers a convenient way to boost their lutein intake.

Increasing Demand for Natural and Organic Products: As consumers become more health-conscious, there is a growing preference for natural and organic products. This trend extends to the lutein market, with an increasing demand for lutein derived from natural sources such as marigold flowers.

Advancements in Extraction Technologies: Technological advancements have made the extraction and purification of lutein more efficient and cost-effective. Innovations in this area are helping to meet the rising demand and improve the quality of lutein products.

Market Drivers

Several factors are driving the growth of the lutein market:

Aging Population: The global population is aging, and with age comes an increased risk of eye-related issues. Lutein's benefits in maintaining eye health are particularly appealing to older adults, driving demand.

Health and Wellness Trends: The overall trend towards health and wellness is encouraging consumers to seek out supplements and fortified foods that support overall health, including eye health.

Research and Development: Ongoing research into the benefits of lutein is uncovering new applications and health benefits, further driving consumer interest and market growth.

Government and Industry Initiatives: Initiatives aimed at improving public health through better nutrition are also promoting the consumption of carotenoids like lutein.

Challenges

Despite the positive outlook, the lutein market faces several challenges:

High Production Costs: The cost of extracting and purifying lutein can be high, which may affect pricing and accessibility for consumers.

Regulatory Hurdles: Navigating the complex regulatory landscape for dietary supplements and nutraceuticals can be challenging for manufacturers.

Market Competition: The market is becoming increasingly competitive, with numerous players entering the fray. Differentiating products and maintaining market share requires continuous innovation and marketing efforts.

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Future Prospects

The future of the lutein market looks promising, with several trends and developments likely to shape its trajectory:

Expansion into New Applications: Beyond eye health, lutein's antioxidant properties are being explored for skin care, cognitive health, and chronic disease prevention. These new applications could open up additional market segments.

Personalized Nutrition: Advances in personalized nutrition, where dietary recommendations are tailored to individual needs, could drive demand for lutein supplements tailored to specific health concerns.

Sustainability Initiatives: As sustainability becomes a key concern for consumers, the lutein market is likely to see a push towards more sustainable and eco-friendly production practices.

Emerging Markets: Growth opportunities in emerging markets, where awareness of nutraceuticals and dietary supplements is rising, could significantly boost the global lutein market.

Conclusion

The lutein market is poised for continued growth, driven by increasing health awareness, an aging population, and ongoing research into its benefits. While challenges exist, the potential for innovation and expansion into new applications presents exciting opportunities. As consumers continue to prioritize health and wellness, lutein is set to play a pivotal role in the nutraceutical landscape.

#Lutein #Lutein Size #Lutein Outlook #Lutein Overview

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healthtech-katta · 4 months ago

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Geographic Atrophy (GA) Market Expected to Grow at a CAGR of 7.2% Over the Forecast Period 2024-2032

Innovative Therapies and Rising Incidence of AMD to Drive Market Growth

The global Geographic Atrophy (GA) market is projected to experience steady growth at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2032. This growth is primarily driven by the increasing prevalence of age-related macular degeneration (AMD) and advancements in treatment options.

Rising Prevalence of Geographic Atrophy

Geographic Atrophy, an advanced form of AMD, affects millions of elderly individuals worldwide. As populations age, the incidence of GA is expected to rise, boosting demand for therapeutic solutions. According to market analysts, the growing elderly population and the higher awareness surrounding retinal diseases are key factors behind the projected market growth.

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Emerging Treatments and Pipeline Advancements

In recent years, pharmaceutical companies have been making strides in developing innovative therapies for GA. The introduction of novel treatments, such as gene therapies and complement pathway inhibitors, offers hope for slowing disease progression. These advancements are expected to accelerate market expansion during the forecast period.

North America Leading the Charge, Asia-Pacific to See Rapid Growth

North America currently dominates the Geographic Atrophy market, driven by significant investment in research and healthcare infrastructure. Meanwhile, the Asia-Pacific region is expected to witness the fastest growth rate due to increasing healthcare spending, improved diagnostic capabilities, and a rising geriatric population.

Outlook for 2032 and Beyond

With the increasing prevalence of GA and continuous innovation in treatment options, the market is poised for strong growth through 2032. Pharmaceutical companies are expected to focus on expanding their pipelines, with potential breakthrough therapies on the horizon, setting the stage for a dynamic market in the coming decade.

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wellnessweb · 6 months ago

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Dry AMD Market Size: Strategic Market Insights

The Dry Age-Related Macular Degeneration Market Size was valued at USD 12.03 billion in 2023 and is expected to reach USD 22.64 billion by 2031 and grow at a CAGR of 8.22% over the forecast period 2024-2031.The Dry Age-Related Macular Degeneration (AMD) market is experiencing significant growth, driven by an aging global population and increasing awareness of the condition. Dry AMD, the more common form of the disease, gradually causes vision loss due to the thinning of the macula, a part of the retina responsible for sharp central vision. Advances in diagnostic technologies and treatment options, such as dietary supplements and innovative pharmaceuticals aimed at slowing disease progression, are key market drivers.

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Market Scope & Overview

Market participants can use the research reports’ insight to better understand the Dry Age Related Macular Degeneration Market and develop a profitable business expansion strategy. Production, manufacturing, sales, potential initiatives, and technological breakthroughs are all examined in the research. Product portfolios, investment goals, business and marketing strategy, and financial estimates are also included in the market study. The research also includes a SWOT analysis, a business description, and revenue figures for the leading international industry participants.

The market will rise in the upcoming years, according to the Dry Age Related Macular Degeneration Market research, which assesses both past and present market circumstances as well as market growth patterns.

Market Segmentation Analysis

By Stages

Early AMD

Intermediate AMD

Late AMD

By End User

Hospitals & Clinics

Diagnostic Centers

Academic Research Institutes

Others

By Age Group

Above 40 Years

Above 60 Years

Above 75 Years

By Diagnosis & Treatment

Treatment

Diagnosis

By Route of Administration

Oral

Injectables

COVID-19 Impact Analysis

The supply chain, import and export limitations, regional government policies, and the sector's possible effects in light of the global COVID-19 outbreak were all evaluated in the analysis. Throughout the study, extensive Dry Age Related Macular Degeneration Market research is carried out using a variety of research methods. The market research study investigates how a COVID-19 outbreak will affect the economy.

Regional Outlook

The research looks into noteworthy shifts in the Dry Age Related Macular Degeneration Market on a global scale, with a particular emphasis on North America, Europe, Asia Pacific, Latin America, and the Middle East, and Africa. Powerful technologies, significant market trends, development patterns, growth drivers, restraints, challenges, threats, potential opportunities, standardization, value chain, regulatory environment, future forecasts, and critical methodology are all examined in the report's thorough analysis of the global market.

Competitive Analysis

The market research report covers production, manufacturing, sales, new projects, and technological advancements. The SWOT analysis of the Dry Age Related Macular Degeneration Market is part of the market research study. The opinions of experts in the field and professionals are included in the report's conclusions. Sector specialists are attempting to determine which export/import policies promote the expansion of the global market.

Key Reasons to Buy this Dry Age Related Macular Degeneration Market Report

A combination of primary and secondary sources were used to produce the report. Primary research techniques include questionnaires, interviews, and paying close attention to prominent members of the sector.

In light of the conflict involving Russia and Ukraine, the study paper emphasizes the need of understanding market conditions.

Conclusion

Key decision-makers, stakeholders, investors, suppliers, manufacturers, and participants who are interested in knowing more will find the Dry Age Related Macular Degeneration Market report to be a priceless resource.

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jayanthitbrc · 8 months ago

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Navigating Growth Trajectories: In-Depth Optical Coherence Tomography Market Size Analysis, Share and Future Trends

Overview and Scope Optical coherence tomography (OCT) is an optical biopsy and effective imaging technology for medical diagnostics that provides images of tissue in situ and in real-time. Optical coherence tomography is used for high-resolution cross-sectional imaging. Sizing and Forecast The optical coherence tomography market size has grown rapidly in recent years. It will grow from $1.72 billion in 2023 to $1.94 billion in 2024 at a compound annual growth rate (CAGR) of 12.9%. The optical coherence tomography market size is expected to see rapid growth in the next few years. It will grow to $3.17 billion in 2028 at a compound annual growth rate (CAGR) of 13.1%. To access more details regarding this report, visit the link: https://www.thebusinessresearchcompany.com/report/optical-coherence-tomography-global-market-report Segmentation & Regional Insights The optical coherence tomography market covered in this report is segmented – 1) By Type: Catheter-Based OCT Devices, Doppler OCT Devices, Handheld OCT Devices, Tabletop OCT Devices 2) By Technology: Time Domain OCT (TDOCT), Frequency Domain OCT (FD-OCT), Spatial Encoded Frequency Domain OCT 3) By Application: Ophthalmology, Cardiovascular, Oncology, Dermatology, Other Applications North America was the largest region in the optical coherence tomography market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the optical coherence tomography market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Intrigued to explore the contents? Secure your hands-on sample copy of the report: https://www.thebusinessresearchcompany.com/sample.aspx?id=8231&type=smp Major Driver Impacting Market Growth The rising prevalence of eye disorders is expected to support the growth of the optical coherence tomography market. Globally, eye conditions, including cataract, glaucoma, diabetic retinopathy, and age-related macular degeneration (AMD) are leading causes of vision loss and blindness. The demand for advanced disease diagnostic tools like optical coherence tomography systems is growing due to the rise in eye ailments. Key Industry Players Major companies operating in the optical coherence tomography market report are Agfa-Gevaert N.V., Carl Zeiss Meditec AG, Heidelberg Engineering GmbH, Imalux Corporation, Michelson Diagnostics Limited, Novacam Technologies Inc., OPTOPOL Technology Sp. z o.o. The optical coherence tomography market report table of contents includes: 1. Executive Summary 2. Market Characteristics 3. Market Trends And Strategies 4. Impact Of COVID-19 5. Market Size And Growth 6. Segmentation 7. Regional And Country Analysis . . . 27. Competitive Landscape And Company Profiles 28. Key Mergers And Acquisitions 29. Future Outlook and Potential Analysis Contact Us: The Business Research Company Europe: +44 207 1930 708 Asia: +91 88972 63534 Americas: +1 315 623 0293 Email: [email protected] Follow Us On: LinkedIn: https://in.linkedin.com/company/the-business-research-company Twitter: https://twitter.com/tbrc_info Facebook: https://www.facebook.com/TheBusinessResearchCompany YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ Blog: https://blog.tbrc.info/ Healthcare Blog: https://healthcareresearchreports.com/ Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

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articleeee · 8 months ago

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Optometry Equipment Market by Size, Share, Forecasts, & Trends Analysis

Meticulous Research®—a leading global market research company, published a research report titled ‘Optometry Equipment Market by Product (OCT Scan, Perimeter, Fundus Camera, Retinoscope, Keratometer, Ophthalmic Ultrasound, Tonometer, Slit Lamp, Chart Projector), Application (Cataract, Glaucoma, AMD), End User (Clinic, Hospital) - Global Forecast to 2029.’

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According to this latest publication from Meticulous Research®, the global optometry equipment market is projected to reach $5.4 billion by 2029, at a CAGR of 4% during the forecast period. The increasing cases of eye diseases and disorders, rising geriatric population, excessive use of laptops & mobile phones leading to visual impairments, and rising government initiatives and funding to improve access to eye care services are the factors driving the growth of this market.

Optometry Equipment Market: Future Outlook

The global optometry equipment market is segmented by Product Type (Retina & Glaucoma Examination Products [OCT Scanners, Perimeters, Fundus Cameras, Retinoscopes, Ophthalmoscopes, Ophthalmic Lasers & Ophthalmic Microscopes], Keratometers, Autorefractors, and Lensometers, Ophthalmic Ultrasound Systems & Digital Phoropters, Slit Lamps, Tonometers, Retinal Imaging Systems, General Examination Products, Chart Projectors, [Cataract & Cornea Examination Products, Specular Microscopes, Corneal Topography Systems, Wavefront Analyzers & Aberrometers, Optical Biometry Systems], Application (Cataract, Age-related Macular Degeneration, Glaucoma, Retinopathy, General Examination, Other Applications), End User (Hospitals, Clinics, Other End Users), and Geography. The study also evaluates industry competitors and analyzes their market shares at the country and regional levels.

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Based on product type, in 2022, the retina & glaucoma examination products segment is expected to account for the largest share of the market. The large market share of this segment is attributed high penetration of retina examination products due to the high awareness of high-quality eye care and early and accurate diagnosis of common eye diseases such as macular degeneration, glaucoma, and diabetic retinopathy. The prevalence of diabetic retinopathy is rising globally, driving the demand for retina & glaucoma examination products.

Based on application, the optometry equipment market is segmented into cataract, age-related macular degeneration, glaucoma, retinopathy, general examination, and other applications. The general examination segment is projected to register the fastest growth rate over the forecast period. The growth of this segment is attributed to the growing geriatric population worldwide and the rising incidences of eye diseases primarily due to dependency on digital devices such as laptops, mobile phones, and others. General eye examinations help detect eye problems early when they can be treated most effectively. The awareness and importance of general eye examinations are high among all age groups, which is driving the growth of this market.

Key Players

The key players operating in the global optometry equipment market are NIDEK CO. LTD. (Japan), Carl Zeiss Meditec AG (Germany), Alcon (U.S.), Heidelberg Engineering GmbH (Germany), Johnson & Johnson (U.S.), Canon, Inc. (Japan), Bausch Health Companies Inc. (Canada), Escalon Medical Corp (U.S.), Topcon Healthcare Solutions, Inc. (U.S.), and HEINE Optotechnik GmbH & Co. KG (Germany).

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delveinsight12 · 9 months ago

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Understanding the Dynamics of the Dry Age-related Macular Degeneration Market: Drivers, Barriers, and Future Outlook

Dry age-related macular degeneration (AMD) is a chronic eye condition characterized by the gradual deterioration of the macula, a small area near the center of the retina responsible for sharp, central vision. Dry AMD is the most common form of AMD, accounting for approximately 85-90% of all cases. Unlike wet AMD, which involves abnormal blood vessel growth beneath the macula, dry AMD typically progresses more slowly and is characterized by the accumulation of yellow deposits called drusen in the macula.

Dry Age-related Macular Degeneration Market Drivers

Aging Population: The aging population is a significant driver of the dry AMD market, as AMD primarily affects individuals over the age of 50. With demographic trends indicating a growing proportion of elderly individuals worldwide, the prevalence of dry AMD is expected to increase, driving demand for diagnostic services, treatments, and supportive care products.

Rising Disease Burden: Dry AMD is a leading cause of vision loss and blindness in older adults, contributing to a substantial disease burden and socioeconomic impact. As the prevalence of dry AMD continues to rise, particularly in developed countries with aging populations, there is an increasing need for effective management strategies to prevent disease progression and preserve vision.

Advancements in Diagnostic Technologies: Technological advancements in imaging modalities, such as optical coherence tomography (OCT), fundus autofluorescence (FAF), and adaptive optics imaging, have improved the early detection and monitoring of dry AMD. These non-invasive imaging techniques enable more accurate assessment of retinal changes, drusen morphology, and disease progression, facilitating timely intervention and personalized treatment approaches.

Research and Innovation: Ongoing research efforts aimed at elucidating the pathogenesis of dry AMD, identifying novel therapeutic targets, and developing innovative treatment modalities drive innovation in the dry AMD market. Research areas of interest include anti-inflammatory agents, neuroprotective compounds, stem cell therapy, gene therapy, and drug delivery systems designed to target specific pathways implicated in AMD pathophysiology.

Clinical Trial Activity: The increasing prevalence of dry AMD and the need for effective treatment options have led to a surge in clinical trial activity focused on evaluating investigational therapies for dry AMD. Pharmaceutical companies, biotechnology firms, academic institutions, and government agencies are conducting clinical trials to assess the safety, efficacy, and tolerability of novel drugs, biologics, gene therapies, and cell-based interventions for dry AMD.

Regulatory Support and Incentives: Regulatory agencies provide support and incentives to expedite the development and approval of new treatments for dry AMD. Designations such as orphan drug status, fast track designation, breakthrough therapy designation, and priority review designation streamline the regulatory review process and accelerate market access for promising therapies targeting unmet medical needs in dry AMD.

Patient Advocacy and Awareness: Patient advocacy organizations and support groups play a crucial role in raising awareness about dry AMD, educating patients and caregivers, and advocating for improved access to treatment and supportive care services. Increased awareness of the importance of early detection, regular eye exams, and adherence to treatment regimens promotes proactive management of dry AMD and enhances patient outcomes.

Healthcare Infrastructure and Access to Care: Access to comprehensive eye care services, including retinal specialists, low vision rehabilitation programs, and low vision aids, is essential for effectively managing dry AMD and optimizing visual function. Investments in healthcare infrastructure, telemedicine platforms, and community-based outreach programs expand access to eye care services, particularly in underserved areas with limited access to specialty care.

Market Competition and Collaboration: Competition among pharmaceutical companies, biotechnology firms, and medical device manufacturers drives innovation and investment in the dry AMD market. Collaborations, partnerships, and licensing agreements between industry players facilitate the development and commercialization of novel therapies, diagnostic technologies, and supportive care products, enhancing market competitiveness and diversifying treatment options for patients.

Reimbursement Landscape: Reimbursement policies, coverage decisions, and pricing strategies influence market dynamics and access to dry AMD treatments. Payer reimbursement for diagnostic tests, treatments, and supportive care services impacts patient access and affordability, driving market adoption and utilization of approved therapies.

Dry Age-related Macular Degeneration Market Barriers

Despite the significant progress in understanding dry age-related macular degeneration (AMD) and developing treatments, several barriers impede the effective management and commercialization of therapies in the dry AMD market. Here are some of the key barriers:

Limited Treatment Options: Compared to wet AMD, there are fewer approved treatment options for dry AMD. Currently, there is no cure for dry AMD, and available treatments mainly focus on slowing disease progression rather than reversing vision loss. The lack of effective pharmacological interventions targeting the underlying mechanisms of dry AMD represents a significant barrier to addressing unmet medical needs in this patient population.

Complexity of Disease Pathophysiology: Dry AMD is a multifactorial disease with complex pathophysiology involving interactions between genetic, environmental, and lifestyle factors. The heterogeneous nature of dry AMD presents challenges for developing targeted therapies that address the diverse underlying mechanisms contributing to disease progression. Understanding the underlying pathophysiological processes and identifying effective therapeutic targets require further research and preclinical validation.

Difficulty in Early Detection and Diagnosis: Early detection and diagnosis of dry AMD are crucial for implementing timely interventions and preserving vision. However, early-stage dry AMD may be asymptomatic or present with subtle visual changes that are challenging to detect using conventional screening methods. Limited access to advanced diagnostic technologies, such as optical coherence tomography (OCT) and fundus autofluorescence (FAF), in primary care settings may delay diagnosis and initiation of treatment.

Lack of Biomarkers for Disease Progression: Biomarkers that reliably predict disease progression and treatment response in dry AMD are currently lacking. The absence of validated biomarkers hinders risk stratification, patient selection for clinical trials, and monitoring of treatment efficacy. Biomarker discovery efforts focusing on identifying molecular, genetic, and imaging-based markers associated with disease progression and treatment response are ongoing but face challenges in reproducibility and validation.

High Development Costs and Long Regulatory Pathways: Developing novel therapies for dry AMD involves substantial investment in research and development, preclinical studies, clinical trials, and regulatory approval processes. The high development costs and lengthy regulatory pathways associated with bringing new drugs to market pose financial barriers for small biotechnology firms and academic researchers. Additionally, uncertainties regarding regulatory requirements and endpoints for clinical trials in dry AMD may prolong the development timeline and increase the risk of clinical trial failure.

Limited Patient Access to Care and Treatment: Access to specialized eye care services, retinal specialists, and advanced treatments for dry AMD may be limited, particularly in rural or underserved areas. Geographic disparities in access to care, socioeconomic barriers, and lack of insurance coverage may prevent some patients from receiving timely diagnosis, treatment, and follow-up care. Improving access to eye care services through telemedicine, community outreach programs, and collaborative care models is essential for addressing disparities in patient outcomes.

Challenges in Patient Recruitment for Clinical Trials: Recruiting and retaining participants for clinical trials in dry AMD can be challenging due to the relatively low prevalence of the disease, stringent eligibility criteria, and competition among clinical trial sponsors. Enrolling a diverse patient population that reflects the heterogeneity of dry AMD and ensuring adequate representation of underrepresented groups (e.g., minorities, older adults) are critical for generalizing trial results and advancing evidence-based practice.

Regulatory and Reimbursement Challenges: Navigating complex regulatory pathways and securing reimbursement for novel therapies in dry AMD pose significant challenges for drug developers and manufacturers. Variability in regulatory requirements across jurisdictions, evolving evidentiary standards, and uncertainty regarding reimbursement coverage and pricing may deter investment in dry AMD drug development. Addressing regulatory and reimbursement challenges requires collaboration among industry stakeholders, regulatory agencies, payers, and patient advocacy groups to streamline approval processes and ensure timely access to innovative therapies.

Future Dry Age-related Macular Degeneration Market Analysis

Analyzing the future of the dry age-related macular degeneration (AMD) market involves considering emerging trends, technological advancements, regulatory developments, and evolving healthcare landscapes. Here's a prospective analysis of the future dry AMD market:

Growing Disease Burden: With the aging population and increasing life expectancy, the prevalence of dry AMD is expected to rise, leading to a growing disease burden and greater demand for effective management strategies. As a result, there will be an increased focus on research, diagnosis, and treatment options to address the needs of individuals with dry AMD.

Advancements in Diagnostic Technologies: Technological innovations in imaging modalities, such as optical coherence tomography (OCT), fundus autofluorescence (FAF), and adaptive optics imaging, will continue to improve the early detection, diagnosis, and monitoring of dry AMD. These advancements will enable more accurate assessment of disease progression, facilitate personalized treatment approaches, and support clinical decision-making.

Precision Medicine Approaches: Advances in genetics, molecular profiling, and precision medicine will enable personalized approaches to dry AMD management. Biomarker discovery efforts and genetic testing may identify individuals at higher risk of disease progression or with specific genetic subtypes of dry AMD, guiding treatment selection and prognosis prediction.

Emerging Therapeutic Modalities: Research into novel therapeutic modalities for dry AMD, including gene therapy, cell-based therapies, and regenerative medicine approaches, will continue to advance. Preclinical and clinical studies exploring the potential of gene editing technologies, stem cell transplantation, and neuroprotective agents aim to address the underlying mechanisms of dry AMD and provide disease-modifying treatments.

Combination Therapies: Combination therapies targeting multiple pathways involved in dry AMD pathogenesis may offer synergistic effects and improved treatment outcomes. Combinations of anti-inflammatory agents, neuroprotective compounds, angiogenesis inhibitors, and immunomodulatory drugs could provide additive or complementary effects, slowing disease progression and preserving vision in patients with dry AMD.

Digital Health Solutions: Digital health solutions, including telemedicine platforms, remote monitoring devices, and mobile applications, will play an increasingly important role in dry AMD management. These technologies enable remote patient monitoring, facilitate home-based vision testing, support patient education and self-management, and enhance communication between patients and healthcare providers.

Regulatory Support for Innovation: Regulatory agencies will continue to provide support and incentives to expedite the development and approval of innovative therapies for dry AMD. Designations such as orphan drug status, fast track designation, breakthrough therapy designation, and priority review designation will accelerate the regulatory review process for promising therapies targeting unmet medical needs in dry AMD.

Healthcare Integration and Access to Care: Integration of eye care services into primary care settings, multidisciplinary care teams, and collaborative care models will improve access to comprehensive care for individuals with dry AMD. Coordinated efforts among ophthalmologists, optometrists, retinal specialists, and primary care providers will optimize patient outcomes and ensure timely diagnosis and treatment.

Patient-Centered Care and Advocacy: Patient advocacy organizations and support groups will continue to play a vital role in raising awareness, promoting education, and advocating for the needs of individuals with dry AMD. Empowering patients, caregivers, and families through education, peer support networks, and access to resources will enhance patient-centered care and improve quality of life.

Economic and Market Dynamics: Economic factors, market competition, and healthcare policies will influence the commercialization and adoption of new treatments for dry AMD. Pricing strategies, reimbursement policies, and market access considerations will impact the availability and affordability of innovative therapies, shaping market dynamics and patient access to care.

Evolving Dry Age-related Macular Degeneration Treatment Outlook

The evolving treatment outlook for dry age-related macular degeneration (AMD) involves a multifaceted approach encompassing advancements in diagnostics, pharmacotherapy, regenerative medicine, and supportive care. Here's an overview of the evolving landscape of dry AMD treatment:

Diagnostics and Early Intervention: Advances in diagnostic imaging technologies, such as optical coherence tomography (OCT), fundus autofluorescence (FAF), and adaptive optics imaging, enable earlier detection and more precise monitoring of dry AMD. Early intervention strategies aim to identify high-risk individuals, detect disease progression, and initiate treatment before irreversible vision loss occurs.

Nutritional Supplements: Dietary supplementation with specific vitamins and minerals, such as vitamins C and E, zinc, copper, lutein, zeaxanthin, and omega-3 fatty acids, has been shown to slow the progression of dry AMD in certain patient populations. Research continues to explore the optimal formulation, dosing regimen, and long-term efficacy of nutritional supplements in preserving vision and reducing the risk of advanced AMD.

Anti-inflammatory Agents: Chronic inflammation plays a key role in the pathogenesis of dry AMD, making anti-inflammatory agents potential therapeutic targets. Drugs targeting inflammatory mediators, such as complement inhibitors, corticosteroids, nonsteroidal anti-inflammatory drugs (NSAIDs), and immunomodulators, aim to suppress retinal inflammation, reduce drusen formation, and prevent disease progression.

Neuroprotective and Anti-oxidant Therapies: Neuroprotective agents and antioxidants may help preserve retinal function and mitigate oxidative stress-induced damage in dry AMD. Compounds such as ciliary neurotrophic factor (CNTF), pigment epithelium-derived factor (PEDF), resveratrol, and coenzyme Q10 have shown neuroprotective effects in preclinical studies and clinical trials, offering potential therapeutic benefits for preserving photoreceptor and retinal pigment epithelial (RPE) cell function.

Angiogenesis Inhibitors: While abnormal blood vessel growth (neovascularization) is characteristic of wet AMD, emerging evidence suggests that angiogenic factors may also contribute to the pathogenesis of dry AMD. Anti-angiogenic agents targeting vascular endothelial growth factor (VEGF), such as aflibercept and ranibizumab, have shown promise in slowing disease progression and reducing geographic atrophy (GA) growth in certain subtypes of dry AMD.

Cell-Based Therapies: Regenerative medicine approaches using cell-based therapies, including stem cell transplantation, retinal pigment epithelial (RPE) cell replacement, and induced pluripotent stem cells (iPSCs), hold promise for repairing damaged retinal tissue and restoring vision in dry AMD. Clinical trials investigating the safety and efficacy of cell-based therapies are underway, with the goal of developing regenerative treatments for advanced dry AMD.

Gene Therapy and Genetic Targeting: Gene therapy strategies aim to correct genetic mutations associated with dry AMD, modulate gene expression, and restore normal cellular function in the retina. Techniques such as gene editing, RNA interference (RNAi), and viral vector delivery systems enable targeted delivery of therapeutic genes to retinal cells, offering potential disease-modifying effects and long-term benefits for individuals with genetic forms of dry AMD.

Drug Delivery Systems: Innovative drug delivery systems, such as sustained-release implants, nanoparticles, microparticles, and hydrogels, enhance the localized delivery of therapeutic agents to the retina, prolonging drug release and reducing treatment frequency. These drug delivery platforms improve treatment efficacy, minimize side effects, and optimize patient compliance in dry AMD management.

Combination Therapies and Multimodal Approaches: Combining multiple therapeutic modalities, such as anti-inflammatory agents, neuroprotective agents, and nutritional supplements, may offer synergistic effects and improved outcomes in dry AMD treatment. Multimodal approaches integrating pharmacotherapy, regenerative medicine, and supportive care aim to address the complex pathophysiology of dry AMD and optimize visual function.

Patient-Centered Care and Supportive Services: Patient-centered care models, low vision rehabilitation programs, and supportive services play a critical role in addressing the psychosocial impact of vision loss and optimizing patient outcomes in dry AMD. Low vision aids, adaptive technologies, vision rehabilitation therapy, and psychosocial support programs help individuals with dry AMD maximize their remaining vision, maintain independence, and improve quality of life.

Role of Companies in the Dry Age-related Macular Degeneration Market

In the Dry Age-related Macular Degeneration market, companies such as Alkeus Pharmaceuticals, Novartis, Molecular Partners, Stealth BioTherapeutics, Regenerative Patch Technologies, Aevitas Therapeutics, NGM Biopharmaceuticals, InflammX Therapeutics, Lineage Cell Therapeutics, Alexion AstraZeneca Rare Disease, Belite Bio, Katairo, Cognition Therapeutics, Apellis Pharmaceuticals, Galimedix Therapeutics, Amarna Therapeutics, 4D Molecular Therapeutics, Aviceda Therapeutics, Isarna Therapeutics, and others play a pivotal role in driving innovation, research, development, and the provision of treatments and therapies for individuals suffering from this chronic inflammatory skin condition. These companies encompass pharmaceutical giants, biotechnology firms, medical device manufacturers, and healthcare service providers, each contributing uniquely to the advancement of Dry Age-related Macular Degeneration management. Pharmaceutical companies lead the charge in developing novel drugs, ranging from topical corticosteroids to biologics targeting specific immune pathways implicated in Dry Age-related Macular Degeneration pathogenesis.

Dry Age-related Macular Degeneration Market Outlook - Key Conclusion and Analysis

The Dry Age-related Macular Degeneration market is undergoing a transformative period, driven by advances in research, innovation in therapeutic approaches, and shifting treatment paradigms. While significant progress has been made in improving outcomes for patients with Dry Age-related Macular Degeneration, several barriers continue to challenge the market's expansion, including high treatment costs, safety concerns, and regulatory hurdles. Looking ahead, personalized medicine, novel therapeutic targets, and digital health solutions are poised to shape the future of Dry Age-related Macular Degeneration management, offering new hope for patients and caregivers alike. Efforts to address these challenges and capitalize on emerging opportunities will be critical in advancing the field and ultimately improving the lives of individuals living with Dry Age-related Macular Degeneration.

Get a more detailed overview, at: Dry Age-related Macular Degeneration Market Outlook and Forecast

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health-views-updates · 5 months ago

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The Future of the Geographic Atrophy Market: Trends and Challenges

Geographic Atrophy Market Outlook, Scope & Overview:

Industry reports indicate that the geographic atrophy (GA) market is projected to grow at a CAGR of 7.2% over the forecast period 2023-2030.

Technological Advancements to Drive Growth of Global Geographic Atrophy Market

The adoption of advanced diagnostic and therapeutic solutions for geographic atrophy will continue to influence global market revenues. Healthcare providers and pharmaceutical companies are increasingly focusing on innovative treatments and early diagnosis methods to manage and treat geographic atrophy, a progressive and irreversible condition that leads to the degeneration of the retina.

As a treatment segment, emerging therapies currently hold a significant potential share of the global geographic atrophy market. This segment is anticipated to grow at a year-over-year rate of 7.2% over the forecast period, driven by the increasing prevalence of GA and the rising investment in research and development for effective therapies.

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Geographic Atrophy Market Dynamics

Drivers:

The geographic atrophy market is witnessing significant growth due to the rising prevalence of age-related macular degeneration (AMD), of which GA is an advanced form. The growing elderly population, increasing awareness about retinal diseases, and the development of innovative treatment options are key factors driving the adoption of GA therapies worldwide. Additionally, advancements in imaging technologies and diagnostic tools are further propelling market growth by enabling early detection and intervention.

Restraints:

Despite the growth potential, challenges such as the high cost of emerging therapies, limited treatment options, and the complexity of clinical trials for GA are hindering the widespread adoption of geographic atrophy treatments. Moreover, the chronic nature of the disease and the need for long-term management pose additional challenges to market expansion.

Geographic Atrophy Market Outlook

The proven benefits of early diagnosis and innovative treatments in managing geographic atrophy have contributed to the market's growth. The geographic atrophy market is expected to witness increased adoption of advanced therapies across major healthcare markets, including North America, Europe, and Asia Pacific, driven by advancements in medical research and the growing focus on improving patient outcomes.

Global Geographic Atrophy Market

The rise in demand for geographic atrophy treatments in developed and emerging markets is expected to drive market growth over the forecast period. North America currently holds a significant market share in the global geographic atrophy market, with the US being a key contributor to market revenues. Europe and Asia Pacific regions are also experiencing rapid adoption of GA therapies, supported by favorable regulatory frameworks and increasing investments in healthcare infrastructure.

Key Players in the Geographic Atrophy Market

Leading companies in the geographic atrophy market include Apellis Pharmaceuticals, IVERIC bio, Roche, and Alkeus Pharmaceuticals. These companies are at the forefront of developing and commercializing advanced therapies and diagnostic tools for geographic atrophy, aiming to improve patient quality of life and slow disease progression.

In conclusion, the global geographic atrophy market is poised for steady growth over the forecast period, driven by technological advancements, increasing prevalence of retinal diseases, and the expanding adoption of innovative therapies and diagnostic solutions in managing geographic atrophy

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#Geographic Atrophy Market #Geographic Atrophy Market Size #Geographic Atrophy Market Share #Geographic Atrophy Market Trends #Geographic Atrophy Market Growth #Geographic Atrophy Market Analysis #Geographic Atrophy Market Outlook

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industryforecastnews · 10 months ago

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Ophthalmic Drugs Market Size To Reach $66.06 Billion By 2030

Ophthalmic Drugs Market Growth & Trends

The global ophthalmic drugs market size is expected to reach USD 65.55 billion by 2030, garnering a CAGR of 7.80% from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising awareness about ophthalmic disorders and the surge in demand for ophthalmic drugs are the factors propelling the market growth. Moreover, an increase in the prevalence of eye diseases such as age-related macular degeneration, cataract, dry eye, diabetic retinopathy, glaucoma, and others are anticipated to boost the demand for ophthalmic drugs.

According to BrightFocus Foundation in 2021, it is estimated that over 3 million Americans are living with glaucoma, and, among them over 2.7 million patients were affected by the most common type of glaucoma i.e. open-angle glaucoma. Moreover, 3.3 million people are affected by blindness and low vision in the U.S. Some of the major risk factors for glaucoma and blindness are, higher age, family history, thin cornea, and high eye pressure. This creates a wide population base for ophthalmic drugs, thereby, ensuring lucrative growth.

Furthermore, ocular therapeutic and drug delivery companies are receiving funding to expedite R&D for advancements in technologies to develop novel drugs, which is likely to fuel market growth. For instance, in June 2020, Re-Vana Therapeutics received USD 3.25 million in pre-series A funding from Qubis, ExSight Ventures, LLC, Clarendon Fund Managers, Visionary Ventures, and Techstart Ventures LLP. The funding is expected to boost the development of Re-Vana Therapeutics’ EyeLief & OcuLief biodegradable technologies that can be used for a small molecule as well as biologics delivery.

Moreover, the rising geriatric population is the key driver for the ophthalmic drugs market growth. According to Safe Eyes America, the most common risk factors for ophthalmic diseases are high age, family history, diabetes, and high blood pressure. For instance, as per AMERICA’s HEALTH RANKINGS senior report 2021 it was estimated that more than 54 million adults of age more than 65 live in the U.S., and that population accounted for 16.5% of the total population. According to Macular Degeneration Research AMD is the leading reason for blindness in U.S. people over the age of 60.

Ongoing regulatory approvals for ophthalmic products are likely to support market growth. For instance, in June 2022 Santen Pharmaceutical Co., Ltd announced that it has got marketing and manufacturing approval for the dry eye disease treatment DIQUAS LX ophthalmic solution in Japan. This solution is the improved formulation that has reduced dosing frequency and improved patient compliance.

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Ophthalmic Drugs Market Report Highlights

Anti-VEGF agents segment held the largest share in 2022 owing to their rising demand and lesser adverse effects

Retinal disorders held the largest market share in 2022 owing to the rising prevalence of age-related macular degeneration and diabetic retinopathy

The topical route of administration dominated the market in 2022 owing to factors such as the benefits of the topical route as it delivers the drug to the targeted site and ease of use

The eye drops segment is expected to hold the largest share in 2022 owing to rising demand for eye drops, high patient compliance, and availability of OTC products

Asia Pacific is expected to exhibit the fastest growth over the forecast period due to advancements in healthcare infrastructure, increasing demand for eye products, and a large patient pool

Ophthalmic Drugs Market Segmentation

Grand View Research has segmented the global ophthalmic drugs market report based on drug class, disease, route of administration, dosage type, product type, product, and region:

Ophthalmic Drugs Drug Class Outlook (Revenue, USD Billion, 2018 - 2030)

Anti-allergy

Anti-inflammatory

Non-steroidal drugs

Steroidal drugs

Anti-VEGF Agents

Anti-glaucoma

Others

Ophthalmic Drugs Disease Outlook (Revenue, USD Billion, 2018 - 2030)

Dry Eye

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Allergies

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Glaucoma

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Eye Infection

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Infection

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Retinal Disorders

Retinal Disorder Treatment Market, By Type,

Macular Degeneration

Diabetic Retinopathy

Retinal Disorder Treatment Market, By Dosage Type,

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Uveitis

Gels

Eye Solutions & Suspensions

Capsules & Tablets

Eye Drops

Ointments

Others

Ophthalmic Drugs Dosage Form Outlook (Revenue, USD Billion, 2018 - 2030)

Gels

Eye Solutions & Suspensions

Capsules and Tablets

Eye Drops

Ointments

Ophthalmic Drugs Route of Administration Outlook (Revenue, USD Billion, 2018 - 2030)

Topical

Retinal Disorders

Subconjunctival

Intravitreal

Retrobulbar

Intracameral

Local Ocular

Systemic

Ophthalmic Drugs Product Type Outlook (Revenue, USD Billion, 2018 - 2030)

Prescription Drugs

OTC

Ophthalmic Drugs Product Outlook (Revenue, USD Billion, 2018 - 2030)

Branded Drugs

Generic Drugs

Ophthalmic Drugs Regional Outlook (Revenue, USD Billion, 2018- 2030)

North America

Canada

Europe

Germany

France

Italy

Spain

Denmark

Sweden

Norway

Asia Pacific

Japan

China

India

Australia

South Korea

Australia

Thailand

Latin America

Brazil

Mexico

Argentina

Middle East and Africa (MEA)

South Africa

Saudi Arabia

UAE

Kuwait

List of Key Players of Ophthalmic Drugs Market

Pfizer Inc.

Alcon

Novartis AG

Bausch Health Companies Inc.

Merck & Co., Inc

Regeneron Pharmaceuticals Inc

Allergan (AbbVie Inc)

Bayer AG

Genentech, Inc. (F. Hoffmann-La Roche Ltd)

Nicox

Coherus Biosciences, Inc.

Browse Full Report: https://www.grandviewresearch.com/industry-analysis/ophthalmic-therapeutics-drug-market

#Ophthalmic Drugs Market #Ophthalmic Drugs Market Size #Ophthalmic Drugs Market Share #Ophthalmic Drugs Market Trends

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techninja · 1 year ago

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The Age-Related Macular Degeneration Market Outlook: Growth, Challenges, and Opportunities

Introduction

Age-Related Macular Degeneration (AMD) is a progressive eye condition that affects millions of people worldwide, primarily among the aging population. As the global population continues to age, the prevalence of AMD is on the rise, making it a significant concern in the field of ophthalmology and healthcare as a whole. This article delves into the AMD market, discussing its current status, key players, treatment options, and the promising developments that offer hope to patients in the future.

The Current Landscape

As of my last knowledge update in September 2021, the AMD market was witnessing steady growth. The market was primarily segmented into two categories: dry AMD and wet AMD. Dry AMD, characterized by the accumulation of drusen in the macula, accounts for the majority of cases but typically progresses more slowly. Wet AMD, on the other hand, is less common but more severe, as it involves the formation of abnormal blood vessels beneath the macula.

Key Players

Several pharmaceutical and biotechnology companies have been actively involved in the AMD market, developing innovative therapies and drugs to address this vision-threatening condition. Some of the prominent players include:

1. Genentech (a subsidiary of Roche): Known for their drug Lucentis, which is used to treat wet AMD by inhibiting abnormal blood vessel growth.

2. Novartis: Offers Lucentis in collaboration with Genentech and is also involved in the development of other AMD treatments.

3. Regeneron Pharmaceuticals: Marketed Eylea, another anti-VEGF medication for wet AMD treatment.

4. Allergan (now part of AbbVie): Produced Ozurdex, which delivers steroids to the eye to reduce inflammation and manage symptoms.

5. Bausch + Lomb: Known for the subdermal implant Beovu, another anti-VEGF drug for wet AMD.

Treatment Options

As of 2021, the primary mode of treatment for AMD was anti-VEGF (Vascular Endothelial Growth Factor) therapy. These drugs, such as Lucentis, Eylea, and Beovu, work by inhibiting the growth of abnormal blood vessels and reducing inflammation in the retina. While these treatments have been effective in stabilizing or even improving vision in some cases, they require frequent intravitreal injections, which can be burdensome for patients.

In addition to anti-VEGF therapies, dietary supplements containing vitamins and minerals, such as the AREDS (Age-Related Eye Disease Study) formula, have been recommended for individuals with intermediate or advanced AMD. Lifestyle modifications, like quitting smoking and maintaining a healthy diet, also play a vital role in managing the condition.

Emerging Trends and Future Prospects

Since 2021, the AMD market has witnessed several promising developments:

1. Gene Therapies: Researchers are exploring gene therapies to target the underlying genetic factors that contribute to AMD. This approach aims to provide a one-time treatment to slow or halt the progression of the disease.

2. Drug Delivery Innovations: Advances in drug delivery systems aim to reduce the frequency of injections for patients. Sustained-release implants and other novel delivery methods may make treatment more convenient.

3. Artificial Intelligence (AI) Diagnostics: AI-powered imaging and diagnostic tools have the potential to detect AMD earlier and monitor its progression more accurately, enabling timely intervention.

4. Stem Cell Therapies: Stem cell research holds promise for regenerating damaged retinal cells in AMD patients, potentially restoring lost vision.

5. Combination Therapies: Researchers are investigating the effectiveness of combining different treatments, such as anti-VEGF drugs with gene therapies, to enhance outcomes.

Conclusion

The Age-Related Macular Degeneration market is evolving rapidly, with a focus on developing more effective, convenient, and accessible treatments. As the aging population continues to grow, addressing AMD's prevalence and impact remains a critical healthcare priority. Patients and healthcare providers alike can look forward to innovative therapies and advancements in diagnostics that offer hope for better outcomes and improved quality of life for those affected by this vision-threatening condition. Staying updated on the latest developments in the AMD market is essential for patients, caregivers, and healthcare professionals alike.

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marketing123456789 · 2 years ago

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Lutein Market Size and Share Analysis by Type, Application, Segmentation, Innovations, Solution and Services by 2032

In 2032, the global lutein market, which is currently valued at US$ 354.3 million, is anticipated to reach US$ 590 million, growing at a CAGR of 5.2%.

The global Lutein market is projected to witness constant growth over the forecast period. The growth of Lutein market is driven by rising demand for eye supplements due to the surge in healthcare sector may drive the market during the forecast period.

Lutein has the ability to absorb blue light which later acts as ‘internal sunglasses’ which may reduce photochemical harm occurs by short-wavelength of observable light. After consuming lutein through dietary supplements and leafy vegetables increases MPOD (Macular Pigment Optical Density) in human eyes and decreases the risk of AMD (Age-related Macular Degeneration).

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Global Lutein Market: Segmentation

Lutein market can be segmented on the basis of end-use industry, by application, and by regions. Based on the end use industry, Lutein is segmented into food, pharmaceuticals, nutraceuticals, animal feed applications and dietary supplements.

Cosmetics & pharmaceutical sectors are projected to grow during the forecasted period. On the basis of the application, lutein market is segmented into food coloring, dairy products, egg products, cosmetics, tobacco, medicine and poultry feed. Application of lutein in dairy & egg products is the foremost segment of Lutein market over the projected period.

Growing consumer preference towards functional dairy products such as cheese, yogurt and ice creams due to increasing health concern consumers may drive the global lutein market.

Global Lutein Market: Regional Outlook

On the basis of the geographical market segment, it is segmented into seven different regions: North America, Latin America, and Eastern Europe, Western Europe, and Asia-Pacific region, Japan and the Middle East and Africa.

In regional segments, APAC is presently the market leader in terms of revenue in the global lutein market and is expected to hold market dominance over the forecast period followed by North America will witness relatively high growth in the global Lutein market over the forecast period as increasing health concerns mainly increasing demand for Lutein in healthcare industry as consumers are using variety Lutein infused products which are related to bone, heart, eye, weight, digestion, immune diseases may drive U.S. lutein market.

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Global Lutein Market: Drivers & Restraints

Hectic lifestyle and lack of stable diet have increased health problems such as diabetes, heart diseases, obesity, and stroke will boost the lutein dietary supplements market which includes fatty acid, minerals and vitamins during the anticipated period.

Supplements which contain lutein have some restraint, it may cause hives, rash, stomach cramps, and facial swelling & breathing problem is the major restraint of lutein market.

Consumption of high amount of lutein products or supplements may lead to a yellowing skin. Henceforth, lutein is not legalized as a nutritive ingredient in infant formula which reduces the industry profit margin and pressurizes products price trend is another key fear for global lutein market.

Global Lutein Market: Key Players

Some of the key players operating in the global Lutein market include DSM, BASF, Solaray, Sundown, Iorrow, Allied Biotech Corporation, Kemin, Tianjin Pharmaland, Nature’s Bounty, and few other regional players.

Manufacturers all over the world are expanding and innovating new technology and improving in production which may favor drive value & volume market size growth and also focus on different strategies to maintain their market share in the global lutein market.

The research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and Industry.

The report covers exhaustive analysis on

Market Segments

Market Dynamics

Market Size

Supply & Demand

Current Trends/Issues/Challenges

Competition & Companies involved

Technology

Value Chain

Regional Analysis Includes

North America (U.S., Canada)

Latin America (Mexico, Brazil and Rest of Latin America)

Western Europe (Germany, Italy, France, U.K, Spain, Nordic countries, Belgium, Netherlands, Luxembourg and Rest of Western Europe)

Eastern Europe (Poland, Russia and Rest of Eastern Europe)

Asia Pacific (China, India, ASEAN, Australia & New Zealand)

Japan

Middle East and Africa (GCC, S. Africa, and Rest of MEA)

The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies

About FMI

Future Market Insights (ESOMAR certified market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.

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rohans18 · 2 years ago

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Chronic Eye Diseases Market Key Players, Outlook and Forecast 2029

Global Chronic Eye Diseases Market, Type (Diabetic and Hypertensive Retinopathy, Cataracts, Age-Related Macular Degeneration (AMD), Thyroid Ophthalmopathy (Grave’s Disease), Glaucoma Dry Eye, Others), Medication (Anti-inflammatory, Anti-glaucoma, Lubricating Agents, Immunosuppressive, Others), Product Type (Eye Drops, Eye Ointment, Gel, Liquid Wipes, Others), Route of Administration (Oral, Parenteral, Ocular, Others), End-Users (Hospitals, Specialty Clinics, Homecare, Others), Distribution Channel (Hospital Pharmacy, Retail Pharmacy, Online Pharmacy, Others) – Industry Trends and Forecast to 2029

The consistent Chronic Eye Diseases market report analyzes many points that help businesses to solve the toughest questions in less time. The major topics of this business report are global growth trends, market share by manufacturers, market size by type, market size by application, production by region, consumption by region, company profiles, market forecast, value chain and sales channels analysis, opportunities & challenges, threat and affecting factors. The report gives market definition in the form of market driving factors and market restraints which helps estimating the demand of particular product depending on several aspects. Chronic Eye Diseases market survey report studies the global market status and forecast, categorizes the global market size, market value & market volume by key players, type, application, and region.

Key Players

The major players covered in the Chronic Eye Diseases market report are Medtronic; Zimmer Biomet; Stryker; B. Braun Melsungen AG; ATEC Spine, Inc; NuVasive, Inc.; Orthofix Medical Inc.; Exactech, Inc.; Globus Medical; Benvenue Medical.; CareFusion; Integra LifeSciences; RTI Surgical; ulrich GmbH & Co. KG; SPINEART SA; Boston Scientific Corporation; Abbott; SeaSpine; Lumitex, LLC.; Teleflex Incorporated.; among other domestic and global players. Market share data is available for Global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

Browse More Info @ https://www.databridgemarketresearch.com/reports/global-chronic-eye-diseases-market

One of the principal objectives of a high-ranking Chronic Eye Diseases industry report is to analyze and study the global sales, value, status, and forecast. The market report also analyzes the global and key regions market potential and advantage, opportunity and challenge, restraints and risks. The report assists to define, describe and forecast the market by type, application and region. It estimates the region that is foretold to create the most number of opportunities in the global Chronic Eye Diseases market. This market research report comprises of estimations of CAGR values which are quite significant and aids businesses to decide upon the investment value over the time period. An insightful Chronic Eye Diseases market report assists clients to stay ahead of the time and competition.

Key questions answered in the report:

Which product segment will grab a lion’s share?

Which regional market will emerge as a frontrunner in coming years?

Which application segment will grow at a robust rate?

Report provides insights on the following pointers:

Market Penetration: Comprehensive information on the product portfolios of the top players in the Chronic Eye Diseases Market.

Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.

Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.

Table Of Content

Part 01: Executive Summary

Part 02: Scope Of The Report

Part 03: Global Market

Part 04: Global Market Sizing

Part 05: Global Market Segmentation By Product

Part 06: Five Forces Analysis

About Us:

Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market

Contact:

Data Bridge Market Research

Tel: +1-888-387-2818

Email: [email protected]

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