The Business Research Company’s report on the Beovu Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the primary drivers fueling the growth of the beovu market in recent years?
The rising incidence of retinal diseases is expected to boost the growth of the beovu market going forward. Retinal diseases refer to a group of conditions that affect the retina, the light-sensitive tissue at the back of the eye, which includes disorders such as age-related macular degeneration (AMD), diabetic retinopathy, retinal detachment, and macular edema, often leading to vision impairment. The rise in retinal diseases is due to ageing populations, increasing diabetes cases, prolonged screen exposure, and genetic factors, leading to higher rates of vision impairment and blindness. Beovu treats retinal diseases by inhibiting VEGF, which reduces fluid leakage and swelling in the retina, helping to improve vision, prevent disease progression, and enhance patient outcomes for conditions such as wet AMD and diabetic macular edema. For instance, according to the National Eye Institute, a US-based government agency, 2.7 million Americans are living with glaucoma, and this number is projected to increase to 4.3 million by 2030. Additionally, 7.7 million Americans are affected by diabetic retinopathy, and this figure is expected to rise to 11.3 million by 2030. Therefore, the rising incidence of retinal diseases is driving growth in the beovu market.
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What is the projected market size of the beovu industry, and how is it expected to grow?
The beovu market size has XX (HCAGR) in recent years. It will grow from $XX million in 2024 to $XX million in 2025 at a compound annual growth rate (CAGR) of XX%. The growth in the historic period can be attributed to increasing prevalence of diabetic retinopathy, patient preference for less frequent injections, healthcare awareness campaigns, cost-effectiveness of beovu, and increase in medical tourism.
The beovu market size is expected to see XX (FCAGR) in the next few years. It will grow to $XX million in 2029 at a compound annual growth rate (CAGR) of XX%. The growth in the forecast period can be attributed to rising prevalence of age-related macular degeneration, increasing demand for targeted therapies, potential for longer-lasting treatment options, expanding reimbursement policies, and growing investment in retinal disease research and clinical trials. Major trends in the forecast period include advancements in ophthalmic treatment technologies, development of gene therapy options, integration of AI in treatment planning, shift toward preventive eye care, and advancement of sustained-release drug delivery systems.
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Who are the key players driving competition in the beovu market?
Major companies operating in the beovu market include Novartis AG
What key trends are expected to drive the benlysta market during the forecast period?
The key trend in the beovu market is the development of innovative therapies, including anti-VEGF injections, aimed at enhancing treatment outcomes for eye conditions like wet age-related macular degeneration (AMD) and diabetic macular edema (DME). Anti-VEGF injections refer to a type of treatment that blocks vascular endothelial growth factor (VEGF), a protein that promotes the growth of abnormal blood vessels in the eye, helping to treat conditions such as wet age-related macular degeneration and diabetic macular edema. For instance, in March 2022, Novartis AG, a Switzerland-based pharmaceutical company, announced that the European Commission, a Luxembourg-based government body, approved Beovu (brolucizumab) 6 mg for the treatment of visual impairment due to diabetic macular oedema (DME), marking its second indication after its 2020 approval for wet age-related macular degeneration (AMD). This approval offers the potential benefit of fewer injections and improved treatment outcomes for DME patients.
Which key geographies are driving the growth of the beovu market?
North America was the largest region in the beovu market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the beovu market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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What are the key segments driving growth in the beovu market?
The beovu market covered in this report is segmented –
1) By Type: Macular Degeneration, Diabetic Retinopathy, Other Types
2) By Dosage Form: Gels, Eye Solutions, Capsules And Tablets, Eye Drops, Ointments
3) By Distribution Channel: Hospital Pharmacy, Online Pharmacy, Retail Pharmacy
4) By End User: Adult, Geriatric
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How is the beovu market defined, and what are its core characteristics?
Beovu (brolucizumab) is a prescription medication used to treat specific eye conditions, such as wet age-related macular degeneration (AMD) and diabetic macular edema (DME). This monoclonal antibody works by blocking vascular endothelial growth factor (VEGF-A), a protein involved in the formation of abnormal blood vessels in the eye, which can lead to vision issues.
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