VERTEPORFIN MARKET ANALYSIS

Regional Analysis

Global Verteporfin Market: Regional Analysis

On basis of region, the global verteporfin market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. North America has a major burden of age related macular degeneration (AMD). According to the National Library of Medicine’s report of 2019, around 11 million individuals are affected by AMD in the U.S. As a result, pharmaceutical companies are focusing on agreements for developing appropriate treatment for macular degeneration. For instance, in 2018, Baush + Lomb and Modulight entered an agreement to develop a novel laser specifically for use of Baush + Lomb visudyne (verteporfin injection) in photo dynamic therapy for macular degeneration. These factors are expected to accelerate growth of the global verteporfin market.

In Europe, there is significant burden of age macular degeneration among the elderly population. According to the European Society of Retina Specialist (EUROTINA), report of 2018, at least 33.6 million individuals above the of 60 years are affected by age related macular degeneration. Therefore, pharmaceutical companies are focusing on acquisitions and mergers to strengthen their share in the global verteporfin market. For instance, in 2018, Cheplapharm Arzneimittel, a pharmaceutical company in Germany, acquired worldwide rights (except U.S) for visudyne (verteporfin injection) from Novartis Pharma AG.

Geographies covered: North America, Latin America, Europe, Asia Pacific, Middle East, Africa.