Retinitis Pigmentosa Treatment Market Outlook
According to a new report by Expert Market Research titled, “Global Retinitis Pigmentosa Treatment Market Size, Trends, Analysis, Report and Forecast 2023-2028″, the global retinitis pigmentosa treatment market is being driven by the growth of the retinal disorder treatment market. Aided by the burgeoning advancements in genetic research and the increasing global prevalence of this inherited degenerative eye disorder, the retinal disorder treatment market is projected to further grow at a CAGR of 6.8% between 2023 and 2028 to reach a value of USD 18.76 billion by 2028.
Retinitis pigmentosa (RP) is characterised by the progressive degeneration of the retina, particularly the rod photoreceptors. This typically leads to night blindness and loss of peripheral vision in the early stages, followed by potential vision loss or complete blindness in advanced stages. Currently, there is no cure for RP, but various treatment options are being researched and developed, aimed at slowing the progression or restoring some vision.
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The driving force behind the global retinitis pigmentosa treatment market growth is the escalating research into gene therapy. With RP being a genetic disorder, strides in genetic research offer promise. Several therapies aimed at either replacing, augmenting, or repairing the anomalous genes are in clinical trials. Furthermore, the FDA’s approval of voretigene neparvovec-rzyl (Luxturna) as the first gene therapy for inherited retinal disease has paved the way for more such therapies in the pipeline.
Additionally, the uptake of retinal implant devices, also known as “bionic eyes”, designed to provide a sense of vision to patients with advanced RP, adds another dimension to the retinitis pigmentosa treatment market share. These devices have shown potential in improving patients’ quality of life, although they don’t restore vision completely.
On the pharmaceutical front, the market sees a boost with drugs like acetazolamide and lutein being explored for their potential in slowing down the progression of RP. While they aren’t cures, they add to the array of treatment modalities that are giving hope to those diagnosed with the disorder.
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The surge in public awareness campaigns by non-profit organisations and patient advocacy groups plays a pivotal role in spotlighting RP. Increased awareness not only leads to early diagnosis but also spurs donations and funding for research, propelling the retinitis pigmentosa treatment market demand.
Innovation in technology and medicine, such as the utilisation of optogenetics in restoring vision, where specific proteins are introduced to the retina to make them responsive to light, has shown encouraging results in early-stage clinical trials. Such advancements and explorations further the optimism surrounding the market.
Retinitis Pigmentosa Treatment Market Segmentation
The market can be divided based on type, treatment, distribution channel, end use, and region.
Market Breakup by Type
- Autosomal Recessive RP
- Autosomal Dominant RP
- X-Linked RP
Market Breakup by Treatment
- Drug
- Vitamin A Palmitate
- Acetazolamide
- Others
- Device
- Sunglasses
- Implants
- Others
- Surgery
- Retinal Transplantation
- Corneal Neurotisation
- Others
Market Breakup by Distribution Channel
- Hospital Retailer
- Retail Retailer
- Online
Market Breakup by End Use
- Hospitals
- Special Clinics
- Home Care
- Ophthalmologist
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global retinitis pigmentosa treatment market. Some of the major players explored in the report by Expert Market Research are as follows:
- Ionis Pharmaceuticals, Inc.
- Orphagen Pharmaceuticals, Inc.
- ReNeuron Group plc
- Ocugen, Inc.
- MeiraGTx Limited.
- Others
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