According to FutureWise analysis the market for intravitreal (ivt) injectables in 2023 is US$ 18.71 billion, and is expected to reach US$ 27.9 billion by 2031 at a CAGR of 5.12%.
Intravitreal injection is the process of injecting drugs into the eyeball using a fine needle. These medications will then be administered directly to the vitreous humour. This medication can treat some eye diseases, including age-related macular degeneration (AMD), diabetic retinopathy, and infections inside the eye, such as endophthalmitis. When compared to topical administration, this method allows for more targeted medication delivery because the needle can pass directly through the anatomical (e.g., cornea, conjunctiva, and lens) and dynamic barriers (e.g., tears and aqueous humour). It may also reduce adverse drug effects to other body tissues via systemic circulation, which may be a risk with intravenous medication injection.
Wet age-related macular degeneration (AMD) causes vision loss because new, aberrant, leaky blood vessels begin to invade the retina, filling it with extra fluid and causing it to enlarge. A molecule known as VEGF, or vascular endothelial growth factor, is one of the key initiators of this blood vessel expansion. Many medications that prevent the activity of VEGF have been created over the past 15 years, lowering swelling, at least partially recovering eyesight, or maintaining the course of the disease. Anti-VEGF medications must be injected into the eye because they are big molecules and cannot be taken orally or used as eyedrops to achieve the desired effects. Intravitreal (IVT) injections are used to provide the medication because they are injected into the vitreous, which is located in front of the retina.
FutureWise Market Research has published a report that provides an insightful analysis of intravitreal (IVT) injectables market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. According to the analysis conducted by FutureWise research analysts, the intravitreal (IVT) injectables market is estimated to register a considerable growth rate over the forecast period. This report lists the market segments and potential prospects available across this industry, in addition providing crucial information on the total valuation currently held by the industry. Moreover, this report will assist key management individuals in an organisation to enhance their decisions pertaining to business expansion as well as strategic changes for increasing customer base.