London, 22 July 2014: TechNavio, the independent tech-focused global research firm, has published a report on the Global Retinal Vein Occlusion Market, which is expected to grow at a CAGR of 16.04 percent during the period 2013-2018.
Retinal vein occlusion is the blockage of retinal veins leading to the blockage of blood flow in the retina. This condition primarily affects individuals suffering from hypertension, diabetes mellitus, or hyperlipidemia. Retinal vein occlusion is one of the most common vascular disorders, as well as one of the most common causes of blindness in diabetic retinopathy patients.
The Global Retinal Vein Occlusion Market is expected to experience high growth during the forecast period. This growth is primarily because of an increase in the incidence of retinal vein occlusion and the presence of a promising drug pipeline.
Key Market Drivers
- High Unmet Need
- Increase in Patient Population
- High Rate of Accurate Diagnosis of Retinal Vein Occlusion
- Promising Drug Pipeline
Key Market Trends
- Introduction of Biologics
- Increased Strategic Alliances
- Use of Combination Therapies
“The high growth rate of the Global Retinal Vein Occlusion market is mainly because of the launch of new products for the treatment of retinal vein occlusion. The growth can be attributed to blockbuster patented drugs such as Lucentis, Novartis and Eylea,” says Faisal Ghaus, Vice President of TechNavio.
“There are few approved treatments for retinal vein occlusion. In addition, there are no therapies available for the prevention of retinal vein occlusion in patients suffering from hypertension, diabetes, and hyperlipidemia. So there is definitely an opportunity for companies to enter the market with new drugs to treat the condition.”
To define the market circumstances in the next 3-4 years, TechNavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
