Portland, OR, Oct. 26, 2021 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the Global Macular Edema And Macular Degeneration Market generated $8.30 billion in 2020, and is expected to reach $16.53 billion by 2030, exhibiting a CAGR of 7.3% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.
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Rise in the aging population and developments in treatment methods propel the market growth. On the other hand, dearth of skilled professionals hinders the market progress. On the contrary, increase in R&D investment by pharmaceuticals offers several opportunities.
COVID-19 scenario:
- Therapies such as Lucentis (ranibizymab) & Avastin drugs for macular degeneration and anti-vascular endothelial growth factor drugs to treat diabetic macular edema play a significant role during the Covid-19 pandemic. However, very few surgeries could be performed due to social distancing norms and lockdowns.
- Most of the resources and efforts were inclined toward treating COVID-19 infected patients. Prolonged lockdown disrupted the supply chain and affected the availability of surgical instruments.
The report segments the global macular edema and macular degeneration market on the basis of treatment type, application, end-user, and region.
Based on the treatment type, the drug therapy segment accounted for the largest market share in 2020, contributing to more than 90% of the total share, and is expected to maintain the lead throughout the forecast period. On the other hand, the laser treatment segment is estimated to witness the fastest CAGR of 10.3% from 2021 to 2030.
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Based on application, the macular degeneration segment contributed to the highest market share in 2020, contributing to more than half of the total market share, and is anticipated to dominate the market during the forecast period. On the other hand, the macular edema segment is expected to manifest the fastest CAGR of 7.5% from 2021-2030.
Based on region, North America contributed to the highest share in 2020, holding around two-fifths of the total share, and is expected to maintain dominance throughout the forecast period. On the other hand, Europe is expected to portray the fastest CAGR of 8.6% during the forecast period.
Key players of the global macular edema and macular degeneration market analyzed in the research include Novartis AG , F. Hoffmann-La Roche Ltd, Kubota Pharmaceutical Holdings Co., Allergan, Regeneron Pharmaceuticals Inc, Bausch Health Companies Inc., GlaxoSmithKline plc, Bayer AG, Alimera Sciences, and RegenX bio.
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“We have also published few syndicated market studies in the similar area that might be of your interest. Below are the report title for your reference, considering Impact of Covid-19 Over This Market which will help you to assess aftereffects of pandemic on short-term and long-term growth trends of this market.”
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
