PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420440
PUBLISHER: Fairfield Market Research | PRODUCT CODE: 1420440
The global Intravitreal (IVT) Injectable Market is poised for remarkable growth, with a projected value of $26.52 billion by 2031, according to a comprehensive market analysis. This surge in market value is primarily attributed to the increasing incidence of retinal diseases, the development of novel drugs, and the rising demand for Intravitreal (IVT) injectables due to their effectiveness and safety profile.
Intravitreal Injection: A Game-Changer in Retinal Disease Management
Retinal diseases, such as diabetic retinopathy, macular degeneration, endophthalmitis, and retinal vein occlusion, have been significant causes of visual impairment and blindness worldwide. Intravitreal injection has emerged as a secure and effective therapeutic option for these conditions, offering hope to countless individuals suffering from retinal problems.
Key Market Drivers
Challenges Ahead
However, the market faces challenges associated with Intravitreal (IVT) injectables, including the risks and complications linked to repeated injections, such as eye infection, inflammation, retinal detachment, and vitreous hemorrhage.
Impact of Covid-19 Pandemic
The Covid-19 pandemic temporarily affected the Intravitreal (IVT) Injectable Market, causing a reduction in clinic visits and injectable treatments due to lockdowns and healthcare system pressures. Nonetheless, as restrictions eased in September 2021, demand for Intravitreal (IVT) injectables rebounded.
Competitive Analysis
The Intravitreal (IVT) Injectable Market is highly competitive, featuring global industry giants. Prominent players are expanding their product portfolios through organic and inorganic methods, including product launches, collaborations, and agreements.
Key Companies Profiled
By Indication
By Drug Class
By Region