OAKLAND, May 23, 2023 (GLOBE NEWSWIRE) --Data Bridge Market Research'slatest report, "Inherited Retinal Diseases Market" provides a thorough analysis of growth strategies, drivers, opportunities, key segments, Porter's Five Forces analysis, and the competitive landscape, offering valuable insights for industry professionals. Key players in the market, major collaborations, mergers and acquisitions along with trending innovation and business policies are reviewed in the large-scale Inherited Retinal Diseases marketing report. This report aims to examine the market with respect to general market conditions, market improvement, market scenarios, development, cost and profit of the specified market regions, position, and comparative pricing between major players. It is a professional and detailed report focusing on primary and secondary drivers, market share, market size, sales volume, leading segments and geographical analysis. The winning Inherited Retinal Diseases market report comprises of comprehensive and thorough insights, which are based on business intelligence.
The world-class Inherited Retinal Diseases business report is a useful resource that provides current as well as upcoming technical and financial details of the industry to 2029. This market report provides top to bottom examination of the market as far as income and developing business sector is concerned. This market research report is promising and the way in which anticipated. The analysis and forecasting of market data using best statistical and coherent models, market share analysis, and key trend analysis are the major accomplishing factors in this market report. It brings together high-quality global market research for the success of the business at an international level.
The inherited retinal diseases is supportive and aim to reduce the progression of the disease. Data Bridge Market Research analyses that the inherited retinal diseases market will grow at a CAGR of 7.9% during the forecast period of 2022 to 2029.
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Inherited retinal diseases-or IRDs-are a group of diseases that can cause severe vision loss or even blindness. Each IRD is caused by at least one gene that is not working as it should. IRDs can affect individuals of all ages, can progress at different rates, and are rare. However, many are degenerative, which means that the symptoms of the disease will get worse over time. Common types of IRDs include Leber Congenital Amaurosis (LCA), Retinitis Pigmentosa, Choroideremia, Stargardt's Disease, and Achromatopsia
The goal of gene therapy is to correct or compensate for the faulty gene. IRDs are especially strong candidates for gene therapy treatments, due to the retina's unique physical makeup. Compared to other organs of the body, the eye is small and easy to access for treatment administration. However, certain areas of the body are immune privileged, which means that the normal immune response isn't as active. This is typically in areas of our bodies that are very important, and may become damaged if swelling or inflammation occurs. This means that anything that is implanted into the eye-a cell with a corrected gene, for instance-is less likely to be rejected.
The diagnosis and treatment of inherited retinal diseases consist of various techniques that allow diagnosis of inherited retinal disease after the approval of the product. The treatment for the disease is recently approved, which support the market growth.
The Latest Study Conducts a Comprehensive Analysis of the Global Market, considering the current competitive landscape and its future evolution in the next few years.
The global Inherited Retinal Diseases market is experiencing rapid growth, fueled by rising demands, industrialization, consumer awareness, and technological advancements. Sales and revenue in this sector have surged at an exponential pace, and the market's expansion is expected to continue over the projected period.
In order to expand their market share and reach a wider client base, leading businesses in the worldwide Inherited Retinal Diseases market are heavily investing in research and development. The study provides detailed insights into the strategies, financial health, revenue, gross margin, and growth rates of these companies.
- Increase in Government Initiatives Towards Inherited Retinal Disease.
Moreover, the increase in awareness and treatment-seeking rate and emerging reimbursement policies for the treatment will boost new opportunities for the market's growth rate.
Also, the launch of effective therapies and continuous clinical trials will provide beneficial opportunities for the inherited retinal diseases market in the forecast period of 2022-2029. Also, the high unmet need for current treatment and developments in healthcare technology will escalate the growth rate of the inherited retinal diseases market in the future.
- In January 2022, the world's leading organization committed to finding treatments and cures for blinding retinal diseases, has announced the launch of the Diana Davis Spencer Foundation Enhanced Translational Research Acceleration Program.
The most prominent players in the Inherited Retinal Diseases market include.
- Spark Therapeutics
- Novartis AG
- Co. Ltd.
- Invitae Corporation
- Carl Zeiss Meditech AG
- Optos (A Subsidiary of Nikon Corporation)
- PIXIUM VISION
- LKC TECHNOLOGIES, INC.
- Astellas Pharma
- REGENXBIO Inc.
- Ionis Pharmaceuticals
- Sparing Vision
- Ocugen Inc
- Johnson & Johnson
- IVERIC was
- Second Sight
- Coave Therapeutics
- MeiraGTx Limited
- Gensight Biologics
- ProQR Therapeutics
- Bionic Vision Technologies
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Data Bridge Market Research employs a comprehensive and iterative research methodology focused on minimizing deviance in order to provide the most accurate estimates and forecast possible. The company utilizes a combination of bottom-up and top-down approaches for segmenting and estimating quantitative aspects of the market. In Addition, a recurring theme prevalent across all our research reports is data triangulation that looks market from three different perspectives.
Our market estimates and forecasts are derived through simulation models. A unique model is created customized for each study. Gathered information for market dynamics, technology landscape, application development and pricing trends is fed into the model and analyzed simultaneously. These factors are studied on a comparative basis, and their impact over the forecast period is quantified with the help of correlation, regression and time series analysis. Market forecasting is performed via a combination of economic tools, technological analysis, and industry experience and domain expertise.
Key Market Segments Covered in Inherited Retinal Diseases Industry Research
- Stargardt's Disease
- Cone-Rod Dystrophy
- Leber Congenital Amaurosis (LCA)
- Specialty Clinics
- Ambulatory surgical center
- Home Healthcare
- Retail Sales
- Direct Tender
Inherited Retinal Diseases Market Regional Analysis/Insights:
The countries covered in theinherited retinal diseases market reportare U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina, Peru and Rest of South America as part of South America.
North America dominates the inherited retinal diseases marketin terms of market share and market revenue and will continue to flourish its dominance during the forecast period. This is due to the presence of major key players and well-developed healthcare infrastructure in this region. Europe on the other hand is projected to exhibit the highest growth rate during the forecast period due to the increasing patient pool, rising investment in the healthcare sector and growing government support.
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Key Industry Drivers:
- Increase in the prevalence of Inherited Retinal Diseases
The increasing prevalence and continuous discovery of new mutagenic sites that are genetically transmitted are expected to act as a driver for the growth of the market. The prevalence ofmonogenicIRDs is approximately 1 in 2000, affecting two million people online.
- Increasing in Pipeline Products
As clinical trial activity rises to new levels, the field appears poised to make rapid and important advances in IRD research and patient care. These are only a few common trials, thus, the companies operating in this market continuously do clinical trials and put their candidates in clinical trials. This is expected to create an opportunity and fuel the global inherited retinal diseases market. High prevalence ofgeneticconditions
Also, the increase in the prevalence rate of some genetic conditions such as Miller-Dieker syndrome and Walker-Warburg syndrome will further enhance the growth of inherited retinal diseases market.
Furthermore, an Increase in strategic initiatives by key players, advancement in medical technology, increasing product approval for IRDs, rising initiatives by public and private organizations to spread awareness and growing government funding are the factors that will expand the inherited retinal diseases market. Other factors such as an increase in the demand for effective therapies and a rising adoption rate for early genetic counselling will positively impact the growth rate of the inherited retinal diseases market. Additionally, high disposable income, rising number of cases of various retinal diseases will result in the expansion of inherited retinal diseases market.
Core Objective of Inherited Retinal Diseases Market:
Every firm in the Inherited Retinal Diseases market has objectives but this market research report focus on the crucial objectives, so you can analysis about competition, future market, new products, and informative data that can raise your sales volume exponentially.
- Inherited Retinal Diseases Market Sizeand growth rate factors.
- Important changes in the future Inherited Retinal Diseases Market.
- Top worldwide competitors of the Market.
- Scope and product outlook of Inherited Retinal Diseases Market.
- Developing regions with potential growth in the future.
- Tough Challenges and risk faced in the Market.
- Global Inherited Retinal Diseases top players profile and sales statistics.
Table of Contents:
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Inherited Retinal Diseases Market: Regulations
- Market Overview
- Global Inherited Retinal Diseases Market, By Disease Type
- Global Inherited Retinal Diseases Market, By Type
- Global Inherited Retinal Diseases Market, By End User
- Global Inherited Retinal Diseases Market, By Distribution Channel
- Global Inherited Retinal Diseases Market, By Region
- Global Inherited Retinal Diseases Market: Company Landscape
- SWOT Analyses
- Company Profile
- Related Reports
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Explore More Reports:
- Europe Inherited Retinal Diseases Market, By Disease Type (Retinitis Pigmentosa, Stargardt's Disease, Achromatopsia, Cone-Rod Dystrophy, Choroideremia, Leber Congenital Amaurosis, Macular Edema, and Others), Type (Diagnosis and Therapy), End-User (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Home Healthcare, Others), Distribution Channel (Retail Sales and Direct Tender)https://www.databridgemarketresearch.com/reports/europe-inherited-retinal-diseases-market
- North America Inherited Retinal Diseases Market, By Disease Type (Retinitis Pigmentosa, Stargardt's Disease, Achromatopsia, Cone-Rod Dystrophy, Choroideremia, Leber Congenital Amaurosis, Macular Edema, and Others), By Type (Diagnosis and Therapy), End-Users (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Home Healthcare, Others), Distribution Channel (Retail Sales and Direct Tender) Industry Trends and Forecast to 2029https://www.databridgemarketresearch.com/reports/north-america-inherited-retinal-diseases-market
- Asia-Pacific Inherited Retinal Diseases Market, By Disease Type (Retinitis Pigmentosa, Stargardt's Disease, Achromatopsia, Cone-Rod Dystrophy, Choroideremia, Leber Congenital Amaurosis, Macular Edema, and Others), Type (Diagnosis and Therapy), End-Users (Hospitals, Specialty Clinics, Ambulatory Surgical Centers, Home Healthcare, Others), Distribution Channel (Retail Sales and Direct Tender) Industry Trends and Forecast to 2029https://www.databridgemarketresearch.com/reports/asia-pacific-inherited-retinal-diseases-market
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INHERITED RETINAL DYSTROPHIES
Retinitis pigmentosa is the most common retinal dystrophy affecting 1 in 3000 individuals.
Global Retinal Disease Therapeutics Market size was valued at USD 11.49 billion in 2021 and is poised to grow from USD 12.57 billion in 2022 to USD 25.69 billion by 2030, growing at a CAGR of 9.3% in the forecast period (2023-2030).What is the prevalence of inherited retinal diseases? ›
Inherited retinal degenerations (IRDs) are a group of phenotypically and genotypically heterogeneous disorders with variable penetrance and severity. The prevalence of monogenic IRDs is approximately 1 in 2000 individuals, affecting more than two million people worldwide1.What is an inherited disease of the retina? ›
- Leber congenital amaurosis (LCA)/early onset retinal degeneration. ...
- X-linked retinitis pigmentosa (RP) ...
- Achromatopsia. ...
- Stargardt disease. ...
- Cone-rod dystrophy (CRD) ...
- Choroideremia. ...
- X-linked retinoschisis. ...
- Congenital stationary blindness.
Gene therapy is a strong option for IRDs, since most of them are caused by genetic variants or changes. The treatment being given directly into the eye allows more efficient delivery to the target tissues and lowers potential exposure to other body systems.What causes inherited retinal diseases? ›
IRDs are caused by a change or 'mistake' in one or more genes. Therefore, cells in the retina don't work as they are supposed to and over time you lose vision. Currently there are around 250 genes known to cause IRD. There are many more genes, but they haven't been discovered yet.Who has the largest retina practices in the US? ›
With over 1,700,000 annual patient visits, over 220 physicians, more than 200 locations, and 20 states, Retina Consultants of America (RCA) is the largest retina care provider in the nation.What is best retina disease? ›
Best disease is an inherited disease that affects the retinas of your eyes. It causes the macula, which is the central part of the retina, to degrade. This means that you can have problems with your central vision, or seeing things that are right in front of you. Best disease may not affect peripheral (side) vision.Are inherited retinal diseases the most common cause of blindness in the working age population in Australia? ›
Australian data have revealed a strong association between blindness in the working–age population and the frequency and length of hospital admissions as well as a significantly higher mortality rate(1). Inherited retinal diseases (IRDs) account for 20-25% of blindness in the working-age population (1,2).What are the symptoms of inherited retinal disease? ›
The first symptoms usually occur in childhood, and may include blurred vision and an intense sensitivity to light (called photophobia). These symptoms are followed by blind spots in the center of vision, loss of the ability to see color, and loss of side or peripheral vision.
The term retinal dystrophy refers to a group of rare genetic eye conditions. These inherited retinal diseases cause damage to the retina, the light-sensitive tissue at the back of the eye. Some can even cause blindness.How is inherited retinal disease diagnosed? ›
Complete Eye Examination – A complete and comprehensive eye examination is necessary to make an accurate diagnosis of the inherited eye disease. The examination may include: Dilation, visual acuity test, slit-lamp testing, imaging, and visual field testing. Retinal photographs taken of the eye's surface.What is the most prevalent eye disease? ›
Refractive errors are the most frequent eye problems in the United States.Can retinal degeneration be stopped? ›
For now, there's no way to reverse damage from dry macular degeneration. However, there are many clinical trials in progress. If your condition is diagnosed early, you can take steps to help slow its progression, such as taking vitamin supplements, eating healthy and not smoking.Can you reverse retinal degeneration? ›
No treatments can reverse macular degeneration, but some can help prevent the condition from worsening.Can you reverse retinal damage? ›
Damage caused by diabetic retinopathy is typically permanent. This condition isn't fully reversible, but some treatments may help bring some of your vision back. While treatments aren't likely to return your vision, your eye doctor can help prevent your vision from worsening.Can stress cause retinal detachment? ›
The simple answer is no, stress cannot cause retinal detachment. Retinal detachment is due to tears in the peripheral retina. Retinal detachment occurs in less than 1 in 10,000 people and can occur at any age but is more likely to affect people over age 40.How long before retinal detachment causes blindness? ›
Having a detached retina is a serious condition that can cause loss of vision. Permanent blindness can happen as quickly as a few days.Who is the best eye specialist in the United States? ›
- Eric D. Donnenfeld, MD. Score95.16% ...
- Uday Devgan, MD. Score88.84% ...
- David F. Chang, MD. ...
- Douglas Donald Koch, MD. Score85.72% ...
- Nathan Hesemann, MD. Score78.53% ...
- Terry Kim, MD. Score77.72% ...
- Francis Price, MD. Score77.04% ...
- Nicole Fram, MD. Score76.94%
Without insurance, the cost ranges from $5,000 to $10,000 per eye, depending on where the procedure is performed, the severity of detachment, and the expertise of your doctor. Keep in mind that surgery is the only form of treatment, making it necessary to prevent permanent vision loss. Created with Sketch.
The salary range for a Retinal Surgeon job is from $282,641 to $329,767 per year in the United States. Click on the filter to check out Retinal Surgeon job salaries by hourly, weekly, biweekly, semimonthly, monthly, and yearly. per Year in the United States.What are the types of hereditary retinal dystrophy? ›
- Best disease.
- Cone-rod dystrophy.
- Macular dystrophy.
- Retinitis pigmentosa.
- Rod-cone dystrophy.
- Stargardt disease.
Genetics also plays a strong role. AMD often runs in families and is more common among certain ethnicities, such as people of Asian or European descent.What is Stage 4 retinal disease? ›
Stage 4: Proliferative diabetic retinopathy
This scar tissue can pull the retina away from the back of your eye, causing retinal detachment. A detached retina typically results in blurriness, reduced field of vision, and even permanent blindness.
Retinal vascular occlusion has been associated with the following autoimmune disorders: SLE, Sarcoidosis, APLS, Crohn's disease, GPA,EGPA, PAN. Additionally, secondary vascular occlusions have been associated with Covid-19 associated coagulopathy.What are the 3 most common eye diseases? ›
The leading causes of blindness and low vision in the United States are primarily age-related eye diseases such as age-related macular degeneration, cataract, diabetic retinopathy, and glaucoma. Other common eye disorders include amblyopia and strabismus.How quickly does retinal dystrophy progress? ›
The general timeline for the progression of dry AMD from the initial diagnosis to significant vision loss is usually over several years, often within 10 years.Can you drive with retinal dystrophy? ›
As the disease progresses, the blind spots will grow larger, and eventually lead to a total loss of central vision. As a result, your ability to drive safely may no longer be possible.Is retinal dystrophy a disability? ›
Although retinal dystrophy is commonly considered to be a hereditary condition that one is born with, it may also be caused or compounded by trauma to the eye. Retinal dystrophy and other ophthalmological conditions may be eligible for VA disability compensation.What is the best vitamin to take for macular degeneration? ›
Vitamins A, C, and E are the most effective vitamins for reducing the risk of macular degeneration . However, only vitamin A plays an essential role in the human retinal pigment epithelial cells, whereas vitamins C and E are known to act as antioxidants.