The Retinal Vein Occlusion Therapeutics Market is expected to Witness Significant Growth Due to the Launch of Many First-in-Class Products
Online PR News – 03-May-2011 – – GlobalData valued the Retinal Vein Occlusion (RVO) therapeutics market in 2010 at $496m, indicating a growth rate of 29.2% between 2005 and 2010. Until the market entry of Lucentis (ranibizumab) in 2006, the RVO therapeutics market was growing at a lower rate. After the entry of Lucentis, the market registered a growth rate of 40.1% between 2006 and 2007. Up until now, Lucentis and Ozurdex have been the only approved drugs for the treatment of RVO. The late-stage clinical development pipeline consists of 50% first-in-class and 50% me-too drugs that are effective and safe for RVO patients. Once
these drugs enter the market, the market will grow further at a significant rate. Therefore, GlobalData estimates that the RVO therapeutics market in 2017 will be $1.4 billion, indicating a Compound Annual Growth Rate (CAGR) of 16% between 2010 and 2017.
GlobalData found that the current competition in the RVO therapeutics market is weak, with only two approved drugs, Lucentis and Ozurdex (dexamethasone). Both these drugs are indicated for the treatment of macular edema following RVO. The annual cost of Lucentis runs to around $14,040 and that of Ozurdex amounts to about $6,216. Many RVO patients who cannot afford such high costs refrain from using the drug and consequently competition in the RVO therapeutics market has become even weaker.
GlobalData found that the RVO pipeline is moderate, with approximately 15 molecules in the various stages of development. The majority of these molecules are me-too molecules that show mechanisms of action similar to the already existing drugs in the market. The late-stage pipeline comprises of few first-inclass molecules, such as Lipitor (atrovastatin calcium), and Niacin (nicotinic acid). The first-in-class molecules are primarily 3-hydroxy-3-methyl-glutaryl-CoA (HMG CoA) reductase inhibitors, glucocorticoid agonists, cytokine inhibitors and kallikrein inhibitors.
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GlobalData, the industry analysis specialist, has released its new report, “Retinal Vein Occlusion Therapeutics - Pipeline Assessment and Market Forecasts to 2017”. The report is an essential source of information and analysis on the global RVO market. The report identifies the key trends shaping and driving the global RVO market. The report also provides insights on the prevalent competitive landscape and the emerging players expected to significantly alter the market positioning of the current market leaders. Most importantly, the report provides valuable insights on the pipeline products within the global RVO sector. This report is built using data and information sourced from proprietary databases, primary and secondary research and in-house analysis by GlobalData’s team of industry experts.
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