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What are the latest figures on the ranibizumab market’s size and projected CAGR?
The ranibizumab market size has grown steadily in recent years. It will grow from $2.66 billion in 2024 to $2.78 billion in 2025 at a compound annual growth rate (CAGR) of 4.6%. The growth in the historic period can be attributed to the expansion of clinical trials in emerging markets, the increasing prevalence of age-related macular degeneration (AMD), growing awareness about retinal diseases, the high incidence of diabetic retinopathy, government initiatives, and funding, and rising healthcare expenditure.
The ranibizumab market size is expected to see steady growth in the next few years. It will grow to $3.3 billion in 2029 at a compound annual growth rate (CAGR) of 4.3%. The growth in the forecast period can be attributed to ongoing research and development, the introduction of biosimilars, an increasing focus on combination therapies, growth in teleophthalmology, expanding indications for ranibizumab, and favorable reimbursement policies. Major trends in the forecast period include advancements in biotechnology, technological advancements in drug delivery systems, a shift towards personalized medicine, the increasing use of artificial intelligence in ophthalmology, the development of longer-acting formulations, and a rise in patient-centric care models.
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What have been the primary factors driving the ranibizumab market’s growth?
The increasing prevalence of eye diseases is expected to propel the growth of the ranibizumab market going forward. Eye diseases encompass a range of conditions affecting the eyes, potentially impairing vision and eye health. The rising prevalence of eye diseases is due to factors such as aging populations and lifestyle changes, along with an increase in chronic conditions like diabetes. Ranibizumab is used to treat conditions such as age-related macular degeneration and diabetic retinopathy, helping to reduce vision impairment in the context of the increasing prevalence of eye diseases. For instance, in August 2023, according to the World Health Organization (WHO), a Switzerland-based intergovernmental organization, globally, approximately 2.2 billion people experience either near or distance vision impairment. Therefore, the increasing prevalence of eye diseases will drive the growth of the ranibizumab market.
What are the key segments within the ranibizumab market?
The ranibizumab market covered in this report is segmented –
1) By Product: Single Use Prefilled Syringe, Single Use Glass Vial
2) By Application: Wet Age Related Macular Degeneration (AMD), Diabetic Retinopathy (DR), Diabetic Macular Edema (DME), Myopic Choroidal Neovascularization (MCNV), Retinal Vein Occlusion (RVO)
3) By Distribution Channel: Hospital Pharmacies, Online Pharmacies, Other Distribution Channels
Subsegments:
1) By Single Use Prefilled Syringe: 0.3 Ml Syringe, 0.5 Ml Syringe, 1 Ml Syringe, Other Volume Variants
2) By Single Use Glass Vial: 0.5 Mg Or 0.05 Ml Vial, 1.0 Mg Or 0.1 Ml Vial, 2.0 Mg Or 0.2 Ml Vial, Other Volume Variants
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Which key players are shaping the ranibizumab market?
Major companies operating in the ranibizumab market are F. Hoffmann-La Roche AG, Bayer AG, Novartis AG, Teva Pharmaceutical Industries Ltd, Regeneron Pharmaceuticals Inc., Biogen Inc, Sun Pharmaceutical Industries Ltd., Stada Arzneimittel AG, Genentech Inc., Dr Reddy’s Laboratories Ltd, Cipla Limited, Samsung Biologics Co Ltd, Lupin Limited, Biocon Limited, Celltrion Healthcare Co Ltd, Glenmark Pharmaceuticals Limited, Enzene Biosciences Ltd, Coherus BioSciences Inc, Amman Pharmaceutical Industries, Formycon AG, Intas Pharmaceuticals Ltd, Alvotech, Xbrane Biopharma AB
How will emerging trends drive the ranibizumab market throughout the forecast period?
Major companies operating in the ranibizumab market are focusing on cost-effective therapies, such as biosimilars of ranibizumab, to treat and prevent vision loss in patients with retinal disorders. A biosimilar of ranibizumab is a biologic medication that is highly similar to the original ranibizumab but is marketed under a different brand name, offering a more affordable alternative while maintaining comparable efficacy and safety profiles. For instance, in April 2024, Formycon AG, a Germany-based biotechnology company, and Bioeq AG, a Switzerland-based biopharmaceutical company, announced the commercial release of FYB201, a biosimilar to Lucentis (Ranibizumab), in Canada and Switzerland. This launch follows the marketing authorization granted by Health Canada under the brand name Ranopto and Swissmedic under the brand name Ranivisio. FYB201 offers a new, high-quality, effective, and affordable treatment option for patients suffering from severe retinal diseases. It has already demonstrated its significance as a cost-effective treatment choice for patients in the USA and various parts of Europe.
How do regional factors impact the ranibizumab market, and which region is the largest contributor?
North America was the largest region in the ranibizumab market in 2024. The regions covered in the ranibizumab market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
What Does The Ranibizumab Market Report 2025 Offer?
The ranibizumab market research report from The Business Research Company offers global market size, growth rate, regional shares, competitor analysis, detailed segments, trends, and opportunities.
Ranibizumab is a recombinant humanized monoclonal antibody fragment designed to inhibit the activity of vascular endothelial growth factor A (VEGF-A) in the treatment of various retinal conditions by reducing abnormal blood vessel growth and leakage in the eye. Its advantage lies in its targeted delivery via intravitreal injection, minimizing systemic side effects while preserving and potentially improving vision in affected patients.
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