PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635093
PUBLISHER: Prescient & Strategic Intelligence | PRODUCT CODE: 1635093
The global anti-vascular endothelial growth factor (anti-VEGF) therapeutics market is projected to grow from an estimated $24.4 billion in 2024 to $30.5 billion by 2030, reflecting a compound annual growth rate (CAGR) of 3.8% during the forecast period.
This growth is primarily driven by the increasing prevalence of ophthalmic diseases such as age-related macular degeneration (AMD), diabetic retinopathy (DR), macular edema, and retinal vein occlusion. The aging global population further contributes to the rising incidence of these conditions, thereby escalating the demand for effective treatments like anti-VEGF therapeutics. Additionally, significant investments in research and development, along with governmental and private funding for anti-VEGF treatment research, are propelling market expansion.
Key Insights
The largest disease category within the market is age-related macular degeneration (AMD), driven by its growing prevalence, particularly among the elderly. The sustained demand for anti-VEGF treatments in this segment is expected to drive significant market growth.
North America holds the largest share of the market, supported by advanced healthcare infrastructure, heightened awareness of ophthalmic conditions, and substantial investment in research and development. Meanwhile, the Asia-Pacific region is anticipated to witness the fastest growth, driven by an aging population, a rising prevalence of ophthalmic diseases, and improving healthcare access.
Ongoing research and development activities have resulted in a robust pipeline of anti-VEGF therapeutics. Recent FDA approvals for new treatments are expected to expand market opportunities by providing more options for patients and healthcare providers.
Significant funding from governmental bodies and private organizations is supporting research initiatives in anti-VEGF treatments. Studies demonstrate that early treatment with anti-VEGF agents can effectively slow the progression of vision-threatening conditions, such as diabetic retinopathy.
The COVID-19 pandemic adversely affected the market, as regulatory restrictions on elective procedures limited access to treatments. Supply chain disruptions further hindered operations during the peak of the pandemic. However, the market has since shown resilience with a recovery in patient access and treatment adoption.
The market remains consolidated, with key players focusing on strategic collaborations, product innovations, and expanding their geographical presence to maintain competitiveness.