The 7 major cone rod dystrophy markets reached a value of US$ 114.5 Million in 2023. Looking forward, IMARC Group expects the 7MM to reach US$ 179.0 Million by 2034, exhibiting a growth rate (CAGR) of 4.15% during 2024-2034.
Report Attribute
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Key Statistics
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---|---|
Base Year |
2023
|
Forecast Years | 2024-2034 |
Historical Years |
2018-2023
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Market Size in 2023
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US$ 114.5 Million |
Market Forecast in 2034
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US$ 179.0 Million |
Market Growth Rate (2024-2034)
|
4.15% |
The cone rod dystrophy market has been comprehensively analyzed in IMARC's new report titled "Cone Rod Dystrophy Market: Epidemiology, Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2024-2034". Cone rod dystrophy (CRD) is a rare inherited eye disorder that affects the function and structure of the light-sensitive cells, known as cones and rods, in the retina. These cells are crucial for visual perception and color vision. The ailment typically presents during childhood or early adulthood and can lead to progressive vision loss over time. Symptoms of CRD vary depending on the specific genetic mutation involved, but they often include decreased central vision, difficulty distinguishing colors, sensitivity to bright lights (photophobia), and reduced peripheral vision. As the disease advances, individuals suffering from the ailment may experience night blindness and a gradual decline in visual acuity, impacting their daily activities and quality of life. The diagnosis of this illness involves a comprehensive eye examination by an ophthalmologist or a retinal specialist. The evaluation may include visual acuity tests, color vision assessments, and electroretinography (ERG) to measure the electrical responses of the retina in patients.
The increasing prevalence of various gene mutations affecting the photoreceptor cells' function and viability that can impair vision, particularly in bright light, is primarily driving the cone rod dystrophy market. In addition to this, the inflating utilization of supportive treatments, such as low vision aids and assistive technologies, which aid patients in coping with their visual problems, thereby improving their quality of life, is also creating a positive outlook for the market. Moreover, the widespread adoption of physical and occupational therapies on account of their numerous advantages, like enhanced motor skills, mobility, and independence for individuals suffering from CRD, is further bolstering the market growth. Apart from this, the rising usage of pioneering treatment approaches, such as optogenetics, which involve the use of light-sensitive proteins to restore visual function and represent a groundbreaking procedure with the potential to revolutionize the management of the ailment, is acting as another significant growth-inducing factor. Additionally, the emerging popularity of gene therapy using the CRISPR-Cas9 technique, since it refers to the transfer of functional genetic material into the affected cells to correct or replace the faulty genes, thereby potentially reversing the disease's progression, is expected to drive the cone rod dystrophy market during the forecast period.
IMARC Group's new report provides an exhaustive analysis of the cone rod dystrophy market in the United States, EU5 (Germany, Spain, Italy, France, and United Kingdom) and Japan. This includes treatment practices, in-market, and pipeline drugs, share of individual therapies, market performance across the seven major markets, market performance of key companies and their drugs, etc. The report also provides the current and future patient pool across the seven major markets. According to the report the United States has the largest patient pool for cone rod dystrophy and also represents the largest market for its treatment. Furthermore, the current treatment practice/algorithm, market drivers, challenges, opportunities, reimbursement scenario and unmet medical needs, etc. have also been provided in the report. This report is a must-read for manufacturers, investors, business strategists, researchers, consultants, and all those who have any kind of stake or are planning to foray into the cone rod dystrophy market in any manner.
Time Period of the Study
Countries Covered
Analysis Covered Across Each Country
This report also provides a detailed analysis of the current cone rod dystrophy marketed drugs and late-stage pipeline drugs.
In-Market Drugs
Late-Stage Pipeline Drugs
Market Insights
Epidemiology Insights
Cone Rod Dystrophy: Current Treatment Scenario, Marketed Drugs and Emerging Therapies