Retinitis pigmentosa (RP) is a group of inherited disorders that cause progressive degeneration of the retina, leading to vision loss. It primarily affects photoreceptor cells (rods and cones), resulting in symptoms such as night blindness and tunnel vision. Over time, RP can lead to significant visual impairment and blindness.
The main types of retinitis pigmentosa include autosomal recessive, autosomal dominant, and X-linked. Autosomal recessive retinitis pigmentosa (AR-RP) is a form of the disease where a person must inherit two copies of the mutated gene, one from each parent, to be affected. Treatment options for retinitis pigmentosa include vitamin A, docosahexaenoic acid (DHA), calcium channel blockers, gene therapy, and retinal eye prosthetics, among others. The condition is diagnosed using methods such as electroretinogram, visual field testing, and genetic testing. Distribution channels for treatments include hospital pharmacies, retail pharmacies, and online pharmacies, and these treatments are utilized by various end-users such as hospitals, specialty clinics, and home care providers.
The retinitis pigmentosa market research report is one of a series of new reports that provides retinitis pigmentosa market statistics, including retinitis pigmentosa industry global market size, regional shares, competitors with a retinitis pigmentosa market share, detailed retinitis pigmentosa market segments, market trends and opportunities, and any further data you may need to thrive in the retinitis pigmentosa industry. This retinitis pigmentosa market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The retinitis pigmentosa market size has grown strongly in recent years. It will grow from $10.52 billion in 2023 to $11.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to advancements in genetic research, the development of retinal imaging technologies, increased awareness campaigns, the rise of patient advocacy groups, and the expansion of clinical trial networks.
The retinitis pigmentosa market size is expected to see strong growth in the next few years. It will grow to $15.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth expected in the forecast period can be linked to advancements in stem cell research for retinal regeneration, personalized medicine approaches, increased investment in orphan drug development, and the expansion of telemedicine services. Major trends anticipated in the forecast period include a shift towards combination therapies, an increase in patient-centric clinical trial designs, the adoption of value-based pricing models, and the integration of digital therapeutics.
The rise in healthcare expenditure is anticipated to drive the growth of the retinitis pigmentosa market in the coming years. Healthcare expenditure encompasses the total spending on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, over a specific period. This expenditure reflects the overall cost of providing healthcare within a population. The increase in healthcare expenditure is attributed to the rising costs of advanced medical technologies, an aging population, and the prevalence of chronic diseases. For retinitis pigmentosa, healthcare spending is directed towards improving diagnostic methods, developing effective treatments, and offering supportive care to manage vision loss. For example, according to the National Institutes of Health, healthcare expenditure in the US grew by 4.1% in 2022, reaching $4.5 trillion, a faster growth rate compared to the 3.2% increase in 2021. Thus, the growth in healthcare expenditure is fueling the expansion of the retinitis pigmentosa market.
Leading companies in the retinitis pigmentosa market are increasingly focusing on developing innovative treatments, such as gene therapy, to provide more effective and targeted solutions for managing and potentially curing this debilitating condition. Gene therapy for retinitis pigmentosa (RP) involves delivering functional genes to replace or repair the defective ones causing the disease. This cutting-edge treatment aims to restore normal function to the affected photoreceptor cells in the retina, thereby slowing or potentially halting the progression of vision loss. For instance, in April 2024, ViGeneron GmbH, a biotechnology company based in Germany, initiated a Phase Ib clinical trial to evaluate the safety, tolerability, and efficacy of VG901, a gene therapy designed to treat RP caused by mutations in the CNGA1 gene. This trial is an open-label, single-arm, dose-escalation study investigating the intravitreal injection of VG901 in patients with autosomal recessive RP due to biallelic CNGA1 mutations.
In December 2023, Thea Pharma Inc., a pharmaceutical company based in France, acquired two antisense oligonucleotide (AON) treatments, Sepofarsen (LCA10) and Ultevursen (USH2A), from ProQR Therapeutics NV for an undisclosed amount. This acquisition aligns with Thea's focus on rare genetic eye diseases and ophthalmology. ProQR Therapeutics NV, a biotechnology company based in the Netherlands, specializes in developing treatments for retinitis pigmentosa.
Major companies operating in the retinitis pigmentosa market are Johnson & Johnson, Novartis AG, AbbVie Inc., Astellas Pharma Inc., Biogen Inc., Sun Pharmaceutical Industries Ltd, Spark Therapeutics, REGENXBIO Inc., Editas Medicine, IVERIC bio, MeiraGTx Holdings, Gensight Biologics, Second Sight Medical Products, Copernicus Therapeutics Inc., Kiora Pharmaceuticals, 4D Molecular Therapeutics, ReNeuron Group, Acucela Inc., AGTC (Applied Genetic Technologies Corporation), Editgene.
North America was the largest region in the retinitis pigmentosa market in 2023. The regions covered in the retinitis pigmentosa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the retinitis pigmentosa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The retinitis pigmentosa market consists of revenues earned by entities by providing services such as genetic counseling, low vision therapy, psychological support, and educational support. The market value includes the value of related goods sold by the service provider or included within the service offering. The retinitis pigmentosa market also includes sales of retinal implants, screen readers, telescopic glasses, and adaptive lighting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The main types of retinitis pigmentosa include autosomal recessive, autosomal dominant, and X-linked. Autosomal recessive retinitis pigmentosa (AR-RP) is a form of the disease where a person must inherit two copies of the mutated gene, one from each parent, to be affected. Treatment options for retinitis pigmentosa include vitamin A, docosahexaenoic acid (DHA), calcium channel blockers, gene therapy, and retinal eye prosthetics, among others. The condition is diagnosed using methods such as electroretinogram, visual field testing, and genetic testing. Distribution channels for treatments include hospital pharmacies, retail pharmacies, and online pharmacies, and these treatments are utilized by various end-users such as hospitals, specialty clinics, and home care providers.
The retinitis pigmentosa market research report is one of a series of new reports that provides retinitis pigmentosa market statistics, including retinitis pigmentosa industry global market size, regional shares, competitors with a retinitis pigmentosa market share, detailed retinitis pigmentosa market segments, market trends and opportunities, and any further data you may need to thrive in the retinitis pigmentosa industry. This retinitis pigmentosa market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The retinitis pigmentosa market size has grown strongly in recent years. It will grow from $10.52 billion in 2023 to $11.32 billion in 2024 at a compound annual growth rate (CAGR) of 7.6%. The growth during the historic period can be attributed to advancements in genetic research, the development of retinal imaging technologies, increased awareness campaigns, the rise of patient advocacy groups, and the expansion of clinical trial networks.
The retinitis pigmentosa market size is expected to see strong growth in the next few years. It will grow to $15.23 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth expected in the forecast period can be linked to advancements in stem cell research for retinal regeneration, personalized medicine approaches, increased investment in orphan drug development, and the expansion of telemedicine services. Major trends anticipated in the forecast period include a shift towards combination therapies, an increase in patient-centric clinical trial designs, the adoption of value-based pricing models, and the integration of digital therapeutics.
The rise in healthcare expenditure is anticipated to drive the growth of the retinitis pigmentosa market in the coming years. Healthcare expenditure encompasses the total spending on healthcare goods and services, including medical treatments, medications, hospitalizations, and preventive care, over a specific period. This expenditure reflects the overall cost of providing healthcare within a population. The increase in healthcare expenditure is attributed to the rising costs of advanced medical technologies, an aging population, and the prevalence of chronic diseases. For retinitis pigmentosa, healthcare spending is directed towards improving diagnostic methods, developing effective treatments, and offering supportive care to manage vision loss. For example, according to the National Institutes of Health, healthcare expenditure in the US grew by 4.1% in 2022, reaching $4.5 trillion, a faster growth rate compared to the 3.2% increase in 2021. Thus, the growth in healthcare expenditure is fueling the expansion of the retinitis pigmentosa market.
Leading companies in the retinitis pigmentosa market are increasingly focusing on developing innovative treatments, such as gene therapy, to provide more effective and targeted solutions for managing and potentially curing this debilitating condition. Gene therapy for retinitis pigmentosa (RP) involves delivering functional genes to replace or repair the defective ones causing the disease. This cutting-edge treatment aims to restore normal function to the affected photoreceptor cells in the retina, thereby slowing or potentially halting the progression of vision loss. For instance, in April 2024, ViGeneron GmbH, a biotechnology company based in Germany, initiated a Phase Ib clinical trial to evaluate the safety, tolerability, and efficacy of VG901, a gene therapy designed to treat RP caused by mutations in the CNGA1 gene. This trial is an open-label, single-arm, dose-escalation study investigating the intravitreal injection of VG901 in patients with autosomal recessive RP due to biallelic CNGA1 mutations.
In December 2023, Thea Pharma Inc., a pharmaceutical company based in France, acquired two antisense oligonucleotide (AON) treatments, Sepofarsen (LCA10) and Ultevursen (USH2A), from ProQR Therapeutics NV for an undisclosed amount. This acquisition aligns with Thea's focus on rare genetic eye diseases and ophthalmology. ProQR Therapeutics NV, a biotechnology company based in the Netherlands, specializes in developing treatments for retinitis pigmentosa.
Major companies operating in the retinitis pigmentosa market are Johnson & Johnson, Novartis AG, AbbVie Inc., Astellas Pharma Inc., Biogen Inc., Sun Pharmaceutical Industries Ltd, Spark Therapeutics, REGENXBIO Inc., Editas Medicine, IVERIC bio, MeiraGTx Holdings, Gensight Biologics, Second Sight Medical Products, Copernicus Therapeutics Inc., Kiora Pharmaceuticals, 4D Molecular Therapeutics, ReNeuron Group, Acucela Inc., AGTC (Applied Genetic Technologies Corporation), Editgene.
North America was the largest region in the retinitis pigmentosa market in 2023. The regions covered in the retinitis pigmentosa market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the retinitis pigmentosa market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The retinitis pigmentosa market consists of revenues earned by entities by providing services such as genetic counseling, low vision therapy, psychological support, and educational support. The market value includes the value of related goods sold by the service provider or included within the service offering. The retinitis pigmentosa market also includes sales of retinal implants, screen readers, telescopic glasses, and adaptive lighting. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Retinitis Pigmentosa Market Characteristics3. Retinitis Pigmentosa Market Trends And Strategies32. Global Retinitis Pigmentosa Market Competitive Benchmarking33. Global Retinitis Pigmentosa Market Competitive Dashboard34. Key Mergers And Acquisitions In The Retinitis Pigmentosa Market
4. Retinitis Pigmentosa Market - Macro Economic Scenario
5. Global Retinitis Pigmentosa Market Size and Growth
6. Retinitis Pigmentosa Market Segmentation
7. Retinitis Pigmentosa Market Regional And Country Analysis
8. Asia-Pacific Retinitis Pigmentosa Market
9. China Retinitis Pigmentosa Market
10. India Retinitis Pigmentosa Market
11. Japan Retinitis Pigmentosa Market
12. Australia Retinitis Pigmentosa Market
13. Indonesia Retinitis Pigmentosa Market
14. South Korea Retinitis Pigmentosa Market
15. Western Europe Retinitis Pigmentosa Market
16. UK Retinitis Pigmentosa Market
17. Germany Retinitis Pigmentosa Market
18. France Retinitis Pigmentosa Market
19. Italy Retinitis Pigmentosa Market
20. Spain Retinitis Pigmentosa Market
21. Eastern Europe Retinitis Pigmentosa Market
22. Russia Retinitis Pigmentosa Market
23. North America Retinitis Pigmentosa Market
24. USA Retinitis Pigmentosa Market
25. Canada Retinitis Pigmentosa Market
26. South America Retinitis Pigmentosa Market
27. Brazil Retinitis Pigmentosa Market
28. Middle East Retinitis Pigmentosa Market
29. Africa Retinitis Pigmentosa Market
30. Retinitis Pigmentosa Market Competitive Landscape And Company Profiles
31. Retinitis Pigmentosa Market Other Major And Innovative Companies
35. Retinitis Pigmentosa Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Retinitis Pigmentosa Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on retinitis pigmentosa market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase:
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- Measure the impact of high global inflation on market growth.
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- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- Report will be updated with the latest data and delivered to you along with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Description
Where is the largest and fastest growing market for retinitis pigmentosa ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The retinitis pigmentosa market global report answers all these questions and many more.The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Scope
Markets Covered:
1) By Type: Autosomal Recessive; Autosomal Dominant; X-Linked2) By Treatment: Vitamin A; Docosahexaenoic Acid (DHA); Calcium Channel Blockers; Gene Therapy; Retinal Eye Prosthetics; Other Treatments
3) By Diagnosis: Electroretinogram; Visual Field Testing; Genetic Testing; Other Diagnosis
4) By Distribution Channel: Hospital Pharmacy; Retail Pharmacy; Online Pharmacy; Other Distribution Channels
5) By End-users: Hospitals; Specialty Clinics; Homecare; Other End-users
Key Companies Mentioned: Johnson & Johnson; Novartis AG; AbbVie Inc.; Astellas Pharma Inc.; Biogen Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita.
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery Format: PDF, Word and Excel Data Dashboard.
Companies Mentioned
- Johnson & Johnson
- Novartis AG
- AbbVie Inc.
- Astellas Pharma Inc.
- Biogen Inc.
- Sun Pharmaceutical Industries Ltd
- Spark Therapeutics
- REGENXBIO Inc.
- Editas Medicine
- IVERIC bio
- MeiraGTx Holdings
- Gensight Biologics
- Second Sight Medical Products
- Copernicus Therapeutics Inc.
- Kiora Pharmaceuticals
- 4D Molecular Therapeutics
- ReNeuron Group
- Acucela Inc.
- AGTC (Applied Genetic Technologies Corporation)
- Editgene