The Lucentis (ranibizumab) market has witnessed robust growth in the past few years. The previous years’ market size of $3,538.57 million in 2024 is expected to expand to $3,741.97 million in 2025, growing at a CAGR of 5.7%. Factors fueling this growth include the rising prevalence of age-related macular degeneration, the approval of lucentis by regulatory authorities, impressive clinical outcomes, and cost-effective biosimilars.
The market is predicted to continue this growth trend and expand to $4,633.35 million in 2029 at a CAGR of 5.5%. The expected growth drivers are increased incidence of diabetic retinopathy and diabetic macular edema, advancements in treatment and combination therapies, an aging population base, and higher cases of retinal diseases.
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What are the Key Driving Forces of the Lucentis (Ranibizumab) Market?
The Lucentis (ranibizumab) market’s driving force is the rising prevalence of eye-related disorders. Aging, genetic predisposition, lifestyle choices, and environmental factors cause these disorders to impair eye functioning. Lucentis helps treat these issues by inhibiting the protein responsible for abnormal blood vessel growth, leading to conditions like age-related macular degeneration and diabetic macular edema. Therefore, the escalating cases of eye-related disorders significantly propel the Lucentis (ranibizumab) market’s growth.
How Does Rising Healthcare Spending Impact the Lucentis (Ranibizumab) Market?
The increase in healthcare spending globally is expected to fuel the Lucentis (ranibizumab) market’s growth. This rise is driven by factors like an aging population, advancements in medical technology, and increased demand for healthcare services. With more resources allocated to healthcare, the accessibility and usage of Lucentis increase, improving patient outcomes and reducing the burden of vision loss.
Which are the Key Segments in the Lucentis (Ranibizumab) Market?
• By Type: Single-use Prefilled Syringe; Single-use Glass Vial
• By Application: Age-related Macular Degeneration; Diabetic Retinopathy; Retinal Vein Occlusion; Myopic Choroidal Neovascularization; Uveitis
• By End-User: Hospitals; Clinics; Ambulatory Surgical Centers; Other End-Users
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Who are the Major Players in the Lucentis (Ranibizumab) Market?
Major companies in the market include F.Hoffmann-La Roche Ltd and Novartis AG, who play a crucial role in catering to the increasing demands in the Lucentis (ranibizumab) market.
What are the Emerging Trends in the Lucentis (Ranibizumab) Market?
Emerging trends in the Lucentis (Ranibizumab) market include the development of biosimilars to provide affordable alternatives to the original branded product. These biosimilars are significantly similar to the original product in terms of structure, efficacy, and safety.
Which Region is Leading the Lucentis (Ranibizumab) Market?
In 2024, North America held the most significant share in the Lucentis (ranibizumab) market, but Asia-Pacific is projected to exhibit the quickest growth in the forecast period. The market report covers several regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Lucentis (Ranibizumab) Global Market Report Report 2025 Offer?
Lucentis (ranibizumab) is prescribed for various eye disorders, particularly those involving abnormal blood vessel growth in the retina. The Lucentis (Ranibizumab) Global Market Report offers a detailed analysis of global market parameters such as the market size, growth rate, regional shares, competitor analysis, segments, trends, and opportunities.
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