Retinal Vein Occlusion Market to Reach Valuation Of US$ 34.7Bn By 2030

The global Retinal Vein Occlusion market is estimated to develop at a compound annual growth rate (CAGR) of 8.4%. The global Retinal Vein Occlusion market size was valued at USD 18.2  billion in 2021, and it is predicted to exceed USD 34.7 billion by 2030. The study investigates several elements and their consequences on the growth of the Retinal Vein Occlusion market.

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Retinal vein occlusion is the blockage of the retinal vein due to blood clot. Retinal vein occlusion is the second most common cause of visual impairment globally. A blood clot causes a blockage in the vein, which starts draining blood from retina, resulting in swelling and bleeding, affecting the vision of the person. Rise in prevalence of eye diseases globally, increase in the geriatric population, surge in awareness about eye disorders, improved healthcare infrastructure, technological advancements, and upcoming novel treatments are the major drivers of the global retinal vein occlusion market.

North America held major share of the global retinal vein occlusion market in 2020 due to improved healthcare infrastructure, rise in prevalence of eye diseases, advanced technology, and increase in the geriatric population. The retinal vein occlusion market in Asia Pacific is likely to expand at a high CAGR of 9.6% from 2022 to 2030. Increase in incidence of eye diseases in Asia Pacific, especially in China, Singapore, Indonesia, and other countries in Southeast Asia, and rise in healthcare expenditure are expected to fuel the growth of the market in Asia Pacific from 2022 to 2030.

Report Scope of the Retinal Vein Occlusion Market

Retinal Vein Occlusion Market: Overview

This report analyzes the current scenario and future prospects of the global retinal vein occlusion market. Retinal vein occlusion is the blockage of the retinal vein due to blood clot. Retinal vein occlusion is the second most common cause of visual impairment globally. A blood clot causes a blockage in the vein, which starts draining blood from retina, resulting in swelling and bleeding, affecting the vision of the person. Rise in prevalence of eye diseases globally, increase in geriatric population, surge in awareness about eye disorders, improved healthcare infrastructure, technological advancements, and upcoming novel treatments are the major drivers of the global retinal vein occlusion market.

The report includes an elaborate executive summary, which provides a snapshot of various segments of the global retinal vein occlusion market. It also provides information and data analysis of the global retinal vein occlusion market about segments based on type, treatment type, and region.

The overview section of the report provides a detailed qualitative analysis of drivers, restraints, and opportunities that affect the global retinal vein occlusion market

The report includes company profiles, which provide information about their business, product portfolios, strategic overview, and competition landscape in the global retinal vein occlusion market

The report on the global retinal vein occlusion market offers market attractiveness analysis of regions and segments

The last section of the report comprises quantitative and qualitative analyses on market share/position of key players operating in the global retinal vein occlusion market. It analyzes key competitive strategies adopted by major industry players, thereby presenting a thorough understanding of the competitive scenario in the global retinal vein occlusion market.

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Retinal Vein Occlusion Market: Key Segments

In terms of type, the global retinal vein occlusion market has been bifurcated into central retinal vein occlusion and branch retinal vein occlusion. The central retinal vein occlusion segment dominated the global retinal vein occlusion market in 2020, and the trend is projected to continue during the forecast period.

Based on treatment type, the global retinal vein occlusion market has been classified into anti-VEGF drugs, corticosteroid drugs, pan-retinal photocoagulation therapy, and laser therapy. The anti-VEGF drugs segment held major share of the global retinal vein occlusion market in 2020. Rise in prevalence and incidence of diabetes drives the segment.

Market size and forecast for each of these segments and sub-segments have been provided from 2017 to 2030. The CAGR of respective segment has also been provided from 2022 to 2030, considering 2020 as the base year, and 2017, 2018, and 2019 as historical years.

North America to Dominate Global Market; Asia Pacific to Offer Significant Opportunities

In terms of region, the global retinal vein occlusion market has been segmented into North America, Europe, Latin America, Asia Pacific, and Middle East & Africa. North America is anticipated to account for leading share of the global retinal vein occlusion market during the forecast period. The retinal vein occlusion market in Asia Pacific is projected to grow at a rapid pace in the near future. India and China are likely to be lucrative markets for retinal vein occlusion treatment during the forecast period.

Some of the prominent players in the Retinal Vein Occlusion market include:

Alimera Sciences, Allergan (AbbVie, Inc.), Annexin Pharmaceuticals AB (publ), Bayer AG, Carl Zeiss AG, F. Hoffmann-La Roche Ltd., Iridex Corporation, Lumenis, Nidek Co., Ltd., Novartis AG, Regeneron Pharmaceuticals, Inc., and Topcon Corporation.

Segments Covered in the Report

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for the period of 2017 to 2030 and covers subsequent region in its scope:

• Retinal Vein Occlusion Market, by Type
  • Central Retinal Vein Occlusion
  • Branch Retinal Vein Occlusion
• Retinal Vein Occlusion Market, by Treatment Type
  • Anti-VEGF Drugs
  • Corticosteroid Drugs
  • Pan-retinal Photocoagulation Therapy
  • Laser Therapy

Regional Segmentation

• Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia]
• Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland]
• North America [United States, Canada, Mexico]
• South America [Brazil, Argentina, Columbia, Chile, Peru]
• Middle East & Africa [GCC, North Africa, South Africa]

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Key Questions Answered in Retinal Vein Occlusion Market Report

What will be the sales/revenue generated by Retinal Vein Occlusion across all regions during the forecast period?

What are the opportunities in the global Retinal Vein Occlusion market?

What are the major drivers, restraints, opportunities, and threats in the market?

Which regional market is set to expand at the fastest CAGR during the forecast period?

Which application is expected to generate the highest revenue globally in 2030? Which segment is projected to expand at the highest CAGR during the forecast period?

What is the market position of different companies operating in the global market?

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