Argentina Anti-vascular Endothelial Growth Factor Therapeutics Market Size & Outlook
Argentina anti-vascular endothelial growth factor therapeutics market, 2017-2028 (US$M)
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Argentina anti-vascular endothelial growth factor therapeutics market highlights
- The Argentina anti-vascular endothelial growth factor therapeutics market generated a revenue of USD 23.1 million in 2021 and is expected to reach USD 25.9 million by 2028.
- The Argentina market is expected to grow at a CAGR of 1.6% from 2022 to 2028.
- In terms of segment, eylea was the largest revenue generating product in 2021.
- Eylea is the most lucrative product segment registering the fastest growth during the forecast period.
Anti-vascular endothelial growth factor therapeutics market data book summary
| Market revenue in 2021 | USD 23.1 million |
| Market revenue in 2028 | USD 25.9 million |
| Growth rate | 1.6% (CAGR from 2021 to 2028) |
| Largest segment | Eylea |
| Fastest growing segment | Eylea |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eylea, Lucentis |
| Key market players worldwide | Roche Holding AG ADR, Biogen Inc, Pfizer Inc, Amgen Inc, Bausch Health Companies Inc, Viatris Inc, Coherus BioSciences Inc |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.2% of the global anti-vascular endothelial growth factor therapeutics market in 2021.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Latin America, Brazil anti-vascular endothelial growth factor therapeutics market is projected to lead the regional market in terms of revenue in 2028.
- Mexico is the fastest growing regional market in Latin America and is projected to reach USD 78.0 million by 2028.
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Anti-Vascular Endothelial Growth Factor Therapeutics Market Scope
Anti-Vascular Endothelial Growth Factor Therapeutics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Argentina anti-vascular endothelial growth factor therapeutics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to anti-vascular endothelial growth factor therapeutics market will help companies and investors design strategic landscapes.
Eylea was the largest segment with a revenue share of 56.28% in 2021. Horizon Databook has segmented the Argentina anti-vascular endothelial growth factor therapeutics market based on eylea, lucentis covering the revenue growth of each sub-segment from 2017 to 2028.
The anti-VEGF therapeutics market in Argentina is anticipated to grow at a CAGR of 1.6% owing to factors such as large patient pool coupled with product launches. According to the Global Burden of Disease (GBD) database, around 17,724 of patients were found to be affected by AMD in 2019. In addition, a report suggests that the Argentina government spent around 9.62% of the GDP in the healthcare sector in 2018.
Approvals for products manufactured by local key players is also expected to contribute to the market growth. In August 2018, Administración Nacional de Medicamentos, Alimentos y Tecnologia Medica (ANMAT) approved Lumiere (bevacizumab) developed by Laboratorio Elea Phoenix S.A. for the treatment of ophthalmic diseases such as diabetic retinopathy and age-related macular degeneration (AMD).
The launch of biosimilar enhances the affordability for patients belonging to low- and middle-income population groups. In Argentina, Lucentis (ranibizumab) is available at USD 1,800 whereas a biosimilar like Lumiere costs up to USD 180. However, the growth of market is expected to be hampered by biosimilar competition.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina anti-vascular endothelial growth factor therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Argentina anti-vascular endothelial growth factor therapeutics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Argentina anti-vascular endothelial growth factor therapeutics market size, by product, 2017-2028 (US$M)
Argentina Anti-Vascular Endothelial Growth Factor Therapeutics Market Outlook Share, 2021 & 2028 (US$M)
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