New York, Dec. 20, 2022 (GLOBE NEWSWIRE) -- Anti-Vascular Endothelial Growth Factor Therapeutics market is expected to reach a US$ 455 Mn by 2032 at a CAGR 1% | According PMR
Anti-Vascular Endothelial Growth Factor Therapeutics industry revenues were valued at US$ 11.9 Bn in 2021 and is predicted to grow at a CAGR of 0.9% from 2022-2032, according to a recently published Persistence Market Research report. Product type Eylea is anticipated to grow with a CAGR of 0.9% over the next 10 years. By the end of 2032, the Anti-Vascular Endothelial Growth Factor Therapeutics Market is expected to achieve a value of US$ 13.1Bn.
The growing importance of Anti-Vascular Endothelial Growth Factor Therapeutics is now prolonged. Over the forecast period, the market is likely to rise due to the launch of novel creative products and the growing elderly population that is prone to ocular illnesses. Diabetic retinopathy is also expected to expand significantly throughout the projection period, owing to an increase in diabetes cases around the world.
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The surge in cancer prevalence around the world, combined with knowledge of oncology medications’ therapeutic potential, has encouraged the pharmaceutical industry to develop new cancer treatments. With the development of bevacizumab, ranibizumab, and, most recently, aflibercept, the frequency of anti-vascular endothelial growth factor (Anti-VEGF) injections has increased significantly.
North America to offer the Largest Opportunity for the Anti-Vascular Endothelial Growth Factor Therapeutics Market
The market for Anti-Vascular Endothelial Growth Factor Therapeutics in North America is growing at a steady pace. In 2021, North America had the highest revenue share of more than 40%. The growing geriatric population and regulatory clearances are responsible for the region's substantial share. Research and innovation are being aided by increased access to large historical data in the sector. The American College of Cardiology (ACC) announced a suite of cardiovascular data registries in April 2021, allowing healthcare companies to assess and improve service quality using existing data.
Competitive Landscape
The key companies operating in the Anti-Vascular Endothelial Growth Factors Therapeutics Market are F. Hoffmann-La Roche Ltd., Biogen, Pfizer, Inc., CoherusBioSciences, and Amgen, Inc.
According to a WHO report published in 2021, over 196 million individuals worldwide are affected by AMD, with around 10.4 million instances resulting in moderate to severe vision impairment. As a result, the rise in ophthalmic disorders will necessitate the use of Anti-Vascular Endothelial Growth Factor Therapeutics in the future, which will serve as a catalyst for the Anti-Vascular Endothelial Growth Factor Therapeutics business.
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Some of the recent developments of Anti-Vascular Endothelial Growth Factor Therapeutics Market providers are as follows:
- In May 2020, F. Hoffmann-La Roche Ltd. proclaimed the top-line phase III clinical trial findings for ranibizumab formulation development with Port Delivery System.
- In May 2019, Regeneron Pharmaceuticals was granted FDA approval to treat diabetic retinopathy at all stages.
- In December 2020, F. Hoffmann-La Roche Ltd. reported positive top-line results from worldwide phase III studies testing Faricimab in people with DME.
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More Insights Available
Persistence Market Research, in its new offering, presents an unbiased analysis of the Anti-Vascular Endothelial Growth Factor Therapeutics industry market, presenting historical market data (2015-2021) and forecast statistics for the period of 2022-2032.
The study reveals essential insights on the basis of product type (Eylea, Lucentis, and Beovu) and disease type (Macular Edema, Diabetic Retinopathy, Retinal Vein Occlusion, and Age-related Macular Degeneration) across five regions (North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa).
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