Global Macular Degeneration Treatment Market - Industry Trends and Forecast to 2026
Pune, India -- (SBWIRE) -- 01/15/2020 -- Global macular degeneration treatment market is expected to grow at a steady CAGR in the forecast period of 2019-2026. Growing incidence ocular surface injuries as it can contribute to the neurotrophic keratitis and development of advanced therapies and treatment are the key factors for market growth.
The macular degeneration treatment report offers an analytical assessment of the prime challenges faced by the Pharmaceutical industry currently and in the coming years, with which market participants can know the problems they may face while operating in this market over a longer period of time. This macular degeneration treatment market report has a chapter on the Global macular degeneration treatment market and all its associated companies with their profiles, which provides valuable data related to their outlook in terms of finances, product portfolios, investment plans, and marketing and business strategies. By providing trustworthy market research information, this report helps to extend your reach to the success in your business.
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Few of the major competitors currently working in the global macular degeneration treatment market are Neurotech, Gilead Sciences, Inc., F. Hoffmann-La Roche Ltd, Adverum, Allergan, Regeneron Pharmaceuticals, Inc, STEMCELL Technologies Inc, IVERIC bio, Kubota Pharmaceutical Holdings Co., Ltd, Bayer AG, Novartis AG, Sanwa Kagaku Kenkyusho Co., Ltd, Opthea Limited, Santen Pharmaceutical Co., Ltd, PanOptica, Inc, Bausch health, Alcon, Resolvyx Pharmaceuticals, Inc, Phio Pharmaceuticals Corp and others.
Segmentation: Global Macular Degeneration Treatment Market
Wet Macular Degeneration
Dry Macular Degeneration
Laser Photocoagulation Surgery
By Route of Administration
By End Users
By Distribution Channel
Middle East & Africa
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Increase in special designation from the regulatory authorities is drive the market
Huge financial support to the researchers for developing novel intervention is boosting the market growth
High demand of disease specific novel treatment can also act as a market driver
Advancement in treatment such as cellular therapy can improve the vision is also act as factors that drive the market
Treatment by Surgery may alter the appearance and function of the eye can threats the patients is also acting as a challenging factor for the growth of this market
Low healthcare budget in some developing countries is hamper the market growth
Key Developments in the Market:
In September 2019, Adverum reported positive 24-week clinical data from the first cohort of patients treated with a one-time intravitreal (IVT) dose of ADVM-022, gene therapy in the OPTIC phase I clinical trial in wet age-related macular degeneration (wet AMD).The trial demonstrated sustained improvements in retinal anatomy. The clinical trial results indicating potentially significant clinical benefits for patients with wet age-related macular degeneration.
In February 2019, Neurotech received Fast Track designation from the FDA for NT-501 or Renexus, a encapsulated cell therapy for the treatment of macular telangiectasia type 2 (MacTel). The FDA Fast Track designation enables the company to accelerate the development process which helps patients to have access on the treatment as quickly as possible.
Global macular degeneration treatment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of global macular degeneration treatment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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