PUBLISHER: The Business Research Company | PRODUCT CODE: 1720919
PUBLISHER: The Business Research Company | PRODUCT CODE: 1720919
Uveal neoplasms are tumors that develop in the uveal tract of the eye, comprising the iris, ciliary body, and choroid. These tumors can be benign (nevus) or malignant (uveal melanoma), impacting vision and potentially spreading to other parts of the body.
The main treatment options for uveal neoplasms are drugs and therapy. Uveal neoplasm drugs are medications used to treat tumors or cancerous growths in the uveal tract, targeting the iris, ciliary body, and choroid. These drugs are administered through various routes, including oral, injectable, and others, and are distributed through multiple channels, such as hospital pharmacies, online pharmacies, and retail pharmacies.
The uveal neoplasms market research report is one of a series of new reports from The Business Research Company that provides uveal neoplasms market statistics, including the uveal neoplasms industry global market size, regional shares, competitors with the uveal neoplasms market share, detailed uveal neoplasms market segments, market trends, and opportunities, and any further data you may need to thrive in the uveal neoplasms industry. This uveal neoplasms market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The uveal neoplasms market size has grown strongly in recent years. It will grow from $1.08 billion in 2024 to $1.15 billion in 2025 at a compound annual growth rate (CAGR) of 6.3%. The growth during the historic period can be attributed to the rising prevalence of uveal neoplasms, increased funding for personalized treatments, the growing elderly population, enhanced awareness and early detection, and the increase in cases of genetic disorders.
The uveal neoplasms market size is expected to see strong growth in the next few years. It will grow to $1.45 billion in 2029 at a compound annual growth rate (CAGR) of 6.0%. The growth during the forecast period can be attributed to increasing R&D activities, a growing number of clinical trials, rising government funding for global disease eradication, higher incidences of eye cancer, and increasing healthcare expenditures. Key trends include advancements in immunotherapy, the development of targeted therapies, a greater focus on early diagnosis, an increase in clinical trials, and innovations in therapeutic approaches.
The growing incidence of eye cancer is expected to drive the expansion of the uveal neoplasms market in the coming years. Eye cancer refers to the abnormal growth of cells in the eye, which can occur in various regions such as the retina, iris, or optic nerve. This increase in eye cancer cases may be attributed to factors such as better detection methods, environmental exposures, and an aging population. Uveal neoplasms, particularly uveal melanoma, are a rare type of eye cancer that can spread to other organs, especially the liver, posing significant health risks. For example, Cancer Research UK forecasts that eye cancer incidence rates in the UK will rise by 50% between 2023-2025 and 2038-2040, reaching an average of 3 cases per 100,000 people annually by 2038. This rising incidence is fueling the growth of the uveal neoplasms market.
Key players in the uveal neoplasms market are focusing on the development of innovative therapies, such as T cell receptor (TCR) therapeutics, to improve treatment outcomes and offer more targeted options for patients. T cell receptors are proteins on the surface of T cells that allow them to recognize and bind to specific antigens, enabling the immune system to identify and attack infected or cancerous cells. For example, in January 2022, Immunocore, a UK-based biotechnology company, received US FDA approval for KIMMTRAK (tebentafusp-tebn), the first-ever TCR-based therapy approved for treating unresectable or metastatic uveal melanoma. This groundbreaking therapy binds both to tumor cells and T cells, helping the immune system recognize and target the cancer.
In August 2023, TriSalus Life Sciences, a US-based oncology company, merged with MedTech Acquisition Corporation for an undisclosed amount. This merger aims to strengthen TriSalus' platform, improving treatments for liver and pancreatic cancers, including uveal melanoma with liver metastases. The move is expected to accelerate technology development, drive sales growth, and secure funding for key initiatives through mid-2024. MedTech Acquisition Corporation is a US-based special purpose acquisition company (SPAC) focused on merging with businesses in the medical technology sector.
Major players in the uveal neoplasms market are Pfizer Inc., F. Hoffmann-La Roche Ltd, Merck & Co. Inc., IDEAYA Biosciences Inc., Bristol-Myers Squibb Company, AstraZeneca plc, Novartis AG, Eli Lilly and Company, Amgen Inc., Regeneron Pharmaceuticals Inc., Verastem Oncology Inc., Iovance Biotherapeutics Inc., Immunocore Holdings PLC, Aura Biosciences, Foghorn Therapeutics Inc., Syncona Limited, iOnctura SA, Linnaeus Therapeutics, Inc., Delcath Systems Inc, and Bellicum Pharmaceuticals Inc.
North America was the largest region in the uveal neoplasms market in 2024. The regions covered in uveal neoplasms report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the uveal neoplasms market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The uveal neoplasms market consists of revenues earned by entities by providing services such as diagnostic services, treatment services, and supportive services. The market value includes the value of related goods sold by the service provider or included within the service offering. The uveal neoplasms market also includes sales of diagnostic equipment, therapies, and pharmaceuticals. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values and are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Uveal Neoplasms Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on uveal neoplasms market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for uveal neoplasms ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The uveal neoplasms market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.