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Market Scope Expects Retina Pharmaceutical Industry to Top $3.5 Billion by 2014

Market Scope has announced the publication of the recently updated 2009 editions of two of its three comprehensive reports on the retinal products industry. According to Market Scope, this is a very exciting time in the retinal products market. New anti-VEGF therapies are successfully treating vision-threatening retinal diseases that, in the recent past, had been largely untreatable. Investigational devices are promising to restore some sight to those who have lost much of their vision. And new diagnostic technologies are allowing the intricate layers of the retina to be visualized with greater clarity and detail than ever before.

St. Louis, MO (PRWEB) May 22, 2009- In the midst of significant advances, demand for retinal treatments is soaring, driven by rapid growth in elderly populations, increases in diabetes, greater access to medical care in emerging economies, and rapidly evolving quality-of-life expectations among aging populations. "The new tools and technologies have mixed with burgeoning demand to create significant opportunity in the rapidly transforming market for retinal pharmaceuticals and devices," according to David Harmon, Market Scope's president.

The retinal pharmaceutical market is no longer a backwater with few products; it has rapidly evolved into one of the largest segments in the ophthalmic pharmaceutical industry. Anti-VEGF therapies have significantly changed the prognosis for those suffering from age-related macular degeneration (AMD). The benefits from these new drugs are dramatic, but much of the commercial opportunity has been constrained by low-cost off-label treatment. Nonetheless, Market Scope expects revenues generated by retinal pharmaceutical sales to climb to $2.8 billion in 2009, while new pipeline products promise significant growth in the coming years.

The more than 50 drug candidates aiming to reshape this market use a variety of new approaches--neuroprotection, kinase inhibition, RNA interference, visual cycle modulation and targeting of the complement cascade--to treat the most devastating retinal diseases such as wet AMD, geographic atrophy, diabetic retinopathy and inherited retinal dystrophies. Although some will fail to meet their goals, others will likely shift the retinal treatment paradigm again. In several years, current market leaders Genentech and Novartis will face competitors such as Regeneron, Sirion Therapeutics, and Neurotech Pharmaceuticals.

Demand for retinal surgery is also growing rapidly, and surgical techniques are quickly evolving to meet patient needs. Technological advances in vitrectomy equipment and photocoagulation lasers, along with new devices such as telescopic IOLs and retinal implants, offer significant growth opportunities. Market Scope forecasts that this market segment will grow at a compounded rate of 9.9 percent through 2014. Alcon and Bausch & Lomb are the current market leaders in this segment.

Advances in diagnostic equipment have laid the groundwork for better diagnosis and monitoring of retinal disease. This is most evident in the new optical coherence technology (OCT) devices that have dramatically improved image resolution and provided real-time cross-sectional images of retinal tissues. Carl Zeiss, Heidelberg, Topcon and Optovue are currently the lead competitors in the rapidly expanding OCT market. Despite tight capital budgets, Market Scope expects growing demand for retinal care and new diagnostic technologies to result in a compounded annual growth of 6.4 percent in the retinal diagnostic equipment segment over the next five years.

Market Scope's three reports on the global retinal market give this dynamic market unmatched visibility and transparency. These reports include detailed analysis of the epidemiology of retinal diseases, demographic trends, commercially available products, pipeline technologies, and companies offering retinal products. Market Scope's analysis divides the world into eight regional markets and includes regional data on units, prices, and revenues over the next five years. Underlying market drivers are also discussed.

Report Descriptions and Table of Contents
2009 Comprehensive Report in the Global Retinal Surgical Device Market
2009 Comprehensive Report on the Global Retinal Pharmaceutical Market
2008 Comprehensive Report on the Global Retinal and Glaucoma Diagnostic Equipment Market

Contact Kristen Harmon for more information or to purchase these and/or other Market Scope reports or call at 314.835.0600 ext 111.

About Market Scope

Market Scope is recognized as the leading source for accurate and timely industry information in ophthalmology. We have been conducting primary research and producing comprehensive reports on ophthalmic markets since 1996. Our data, analysis, and forecasts serve as starting points for many annual planning cycles, strategic plans, acquisition analysis, and return on investment decisions in the industry. In addition, our information is routinely included in annual reports, SEC filings, and investor presentations by leading ophthalmic companies.

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Source: PRWeb
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