Australia Anti-vascular Endothelial Growth Factor Therapeutics Market Size & Outlook
Australia anti-vascular endothelial growth factor therapeutics market, 2017-2028 (US$M)
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Australia anti-vascular endothelial growth factor therapeutics market highlights
- The Australia anti-vascular endothelial growth factor therapeutics market generated a revenue of USD 149.7 million in 2021 and is expected to reach USD 177.6 million by 2028.
- The Australia market is expected to grow at a CAGR of 2.5% from 2022 to 2028.
- In terms of segment, eylea was the largest revenue generating product in 2021.
- Beouvu 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 149.7 million |
| Market revenue in 2028 | USD 177.6 million |
| Growth rate | 2.5% (CAGR from 2021 to 2028) |
| Largest segment | Eylea |
| Fastest growing segment | Beouvu |
| Historical data | 2017 - 2020 |
| Base year | 2021 |
| Forecast period | 2022 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Eylea, Lucentis, Beouvu |
| 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, Australia accounted for 1.2% 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 Asia Pacific, Japan anti-vascular endothelial growth factor therapeutics market is projected to lead the regional market in terms of revenue in 2028.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 354.8 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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Australia 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 53.11% in 2021. Horizon Databook has segmented the Australia anti-vascular endothelial growth factor therapeutics market based on eylea, lucentis, beouvu covering the revenue growth of each sub-segment from 2017 to 2028.
Australia is expected to exhibit a significant CAGR over the forecast period, due to increasing market opportunities and growing prevalence of related diseases. In January 2020, Novartis AG received TGA’s approval of Beovu (Brolucizumab) for the treatment of wet AMD to address the unmet medical needs of the population.
Furthermore, local players are focusing on development of novel anti-VEGF therapies for treatment of progressive retinal diseases. For instance, in August 2020, Opthea announced the completion of meetings with the U.S. FDA and EMA after phase 2 clinical trial for the initiation of phase 3 clinical trial on OPT-302 for treating wet AMD.
The Pharmaceutical Benefits Scheme (PBS) in Australia has provisions for coverage at government treatment centers, extended to patients that meet the eligibility criteria for ophthalmic diseases. The inclusions ranibizumab and aflibercept in PBS can support the adoption of anti-VEGF therapeutics for the treatment of nAMD.
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Horizon Databook provides a detailed overview of country-level data and insights on the Australia anti-vascular endothelial growth factor therapeutics market , including forecasts for subscribers. This country databook contains high-level insights into Australia anti-vascular endothelial growth factor therapeutics market from 2017 to 2028, including revenue numbers, major trends, and company profiles.
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Australia anti-vascular endothelial growth factor therapeutics market size, by product, 2017-2028 (US$M)
Australia Anti-Vascular Endothelial Growth Factor Therapeutics Market Outlook Share, 2021 & 2028 (US$M)
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