Global Macular Degeneration Treatment Market Study,Future Prospects ,Covid-19 Impact Analysis,Growth Forecast 2026||Players-Hoffmann-La Roche Ltd, Adverum, Allergan, Regeneron Pharmaceuticals, Inc
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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
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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.
Few of the major competitors currently working in the global macular degeneration treatment market are
- Neurotech,
- Gilead Sciences, Inc.,
- 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
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Segmentation: Global Macular Degeneration Treatment Market
Macular Degeneration Treatment Market By Type
- Wet Macular Degeneration
- Dry Macular Degeneration
Macular Degeneration Treatment Market By Treatment
- Drugs
- Ranibizumab
- Aflibercept
- Others
- Surgery
- Laser Photocoagulation Surgery
- Subretinal Surgery
Macular Degeneration Treatment Market By Route of Administration
- Oral
- Injectable
- Others
Macular Degeneration Treatment Market By End Users
- Hospitals
- Homecare
- Specialty Clinics
- Ophthalmic Clinic
- Others
Macular Degeneration Treatment Market By Distribution Channel
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Macular Degeneration Treatment Market By Geography
- North America
- South America
- Europe
- Asia-Pacific
- Middle East & Africa
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Market Drivers
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
Market Restraints
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
Points Involved In Macular Degeneration Treatment Market Report:
- Macular Degeneration Treatment Study Coverage
- Executive Summary
- Market Size by Application
- Manufacturers Profiles
- Production Forecasts
- Consumption Forecast
- Market Size by Manufacturers
- Production by Regions
- Consumption by Regions
- Market Size by Type
- Value Chain and Sales Channels Analysis
- Macular Degeneration Treatment Market Opportunities & Challenges, Risks and Influences Factors Analysis
- Key Findings
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Which Tools And Techniques Are Utilized In The Report?
Market analysis tools like SWOT Analysis, Porter’s five Analysis, Industry analysis are utilized in the report which analyzes the market overview, restraints and drivers of the Industry.
Reasons To Purchase Macular Degeneration Treatment Market Report:
- Current and future of Macular Degeneration Treatment market outlook in the developed and emerging markets
- Analysis of various perspectives of the market with the help of Porter’s five forces analysis
- The segment that is expected to dominate the Macular Degeneration Treatment market
- Regions that are expected to witness the fastest growth during the forecast period
- Identify the latest developments, Macular Degeneration Treatment market shares, and strategies employed by the major market players
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