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Verteporfin Market Size, Share, Outlook, and Opportunity Analysis, 2020– 2027

Verteporfin Market Report- 2020 Analyses competitive environment such as key players, future trends, growths, challenges and acquisitions in the market.

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Verteporfin Market Size, Share, Outlook, and Opportunity Analysis, 2020– 2027

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  1. VERTEPORFIN MARKET ANALYSIS INDUSTRY INSIGHTS, TRENDS, OUTLOOK, AND OPPORTUNITY ANALYSIS, 2020–2027 © Coherent market Insights. All Rights Reserved © Coherent market Insights. All Rights Reserved

  2. REPORT DESCRIPTION Verteporfin Market- Overview 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. Verteporfin is a benzoporphyrin derivative is used in photo dynamic therapy for treatment the abnormal blood vessels in the eye for the conditions like wet macular degeneration. Photo dynamic therapy is a treatment that combines light energy with the drug which destroys the cancerous cells. Verteporfin is administered intravenously before 15-20 minutes of photo dynamic treatment. Verteporfin rapidly accumulates in these abnormal blood vessels in the eye and when stimulated with non-thermal laser light produces highly reactive single oxygen molecules and other oxygen molecules resulting in blockage of abnormal blood vessels. Browse Research Reports: https://www.coherentmarketinsights.com/ongoing- insight/verteporfin-market-4154 © Coherent market Insights. All Rights Reserved

  3. REPORT DESCRIPTION Global Verteporfin Market: Drivers The diversified use of verteporfin in various applications of ophthalmology such as macular degeneration, pathologic myopia, and ocular histoplasmosis is driving demand for verteporfin. Moreover, pharmaceutical companies are focusing on products launches in use of verteporfin in ophthalmology. For instance, in 2019, CIBA Corp, an eye care unit of Novartis AG and QLt. Inc., received authorization for marketing visundyne (verteporfin) therapy for choroidal neovascularization from the European Medicine Evaluation Agency. Furthermore, research institutes are focusing on applying verteporfin in oncology treatments. For instance in 2017, Mayo Clinic along with National Cancer Institute (NCI) undergoing phase II clinical trials on ultrasound-guided verteporfin photodynamic therapy for the treatment of solid pancreatic tumors . Global Verteporfin Market: COVID-19 Impact Analysis According to the Asia Pacific Journal of ophthalmology, COVID-19 has negatively impacted ophthalmologic procedures due to implementation of social distancing measures by governments across the globe. The pandemic has affected general procedures carried out during ophthalmic treatment to prevent or curb the spread of COVID-19. According to U.S National Library Medicine’s report of 2019, patients coming in contact with ophthalmic equipment can increase the risk of infection through aerosolized particles. Request a Sample copy of this reports : https://www.coherentmarketinsights.com/insight/request-sample/4154 © Coherent market Insights. All Rights Reserved

  4. REPORT DESCRIPTION Global Verteporfin Market: Restraints According to the National Library of Medicine, photo dynamic treatment with verteporfin is costlier than pegaptinib for treatment of sub-foveal wet macular degeneration in elderly patients. The cost of pegatanib is US$ 49,052 compared to cost of photo dynamic treatment with verteporfin which is US$ 59,039 in U.S. Moreover, verteporfin is given intravenously before treatment which can cause infection at site of injection such as irritation, redness of skin etc. These factors are expected to restrain the growth of 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. Global Verteporfin Market: Key Players Key players operating global verteporfin market are Bausch Health Companies Inc., Cheplapharm Arzneimittel, Novartis AG, Novelion Therapeutics Inc., Ciba Corporation and LGM Pharma, LLC. Buy-Now this research report: https://www.coherentmarketinsights.com/insight/buy-now/4154 © Coherent market Insights. All Rights Reserved

  5. ABOUT COHERENT MARKET INSIGHTS ABOUT US Coherent Market Insights is a global market intelligence and consulting organization focused on assisting its plethora of clients achieve transformational growth by helping them make critical business decisions. We are headquartered in India, with an office at the global financial capital in the U.S. Our client base includes players from across all business verticals in over 150 countries worldwide. We are uniquely positioned to help businesses around the globe deliver practical and lasting results through various recommendations about operational improvements, technologies, emerging market trends and new working methods. We offer both customized and syndicated market research reports that help our clients create visionary growth plans to provide traction to their business. We meticulously study emerging trends across various industries at both the global and regional levels to identify new opportunities for our clientele. SERVICES CUSTOMIZED RESEARCH INDUSTRY ANALYSIS SYNDICATED RESEARCH COUNTRY SPECIFIC STUDIES MARKET INTELLIGENCE SERVICES CONSULT STUDIES © Coherent market Insights. All Rights Reserved

  6. ABOUT CMI SECTOR COVERAGE BIOTECHNOLOGY CLINICAL DIAGNOSTIC HEALTHCARE IT MEDICAL DEVICES MEDICAL IMAGING PHARMACEUTICAL OUR CLIENTS  Global Leading Equipment and System Manufacturers  Marketing Consultancies and the Advertising Industry  Component Providers and System Integrators  Private and Government organization  Distributors, Retailors and Value Added Resellers  Outsourcing Companies  Healthcare IT Solutions Developers  Universities and Business Schools. © Coherent market Insights. All Rights Reserved

  7. KEY STATS RESEARCH SOLUTIONS 100+ GLOBAL REPORTS FEASIBILITY STUDIES Insights Published Per Year CUSTOMIZED SOLUTIONS 150+ COUNTRY ANALYSIS Consulting Projects Till Date CONSULT PROJECTS SURVEY RESEARCH 125+ EXCEL FORECAST DATABASE Clients Worldwide Per Year COMPETITIVE ASSESSMENT TECHNOLOGY SNIPPETS 110+ Analysts and Contract Consultants Coherent Market Insights excels at offering unmatched actionable market intelligence across various industry verticals, including chemicals, healthcare, and food & beverages, to name a few. We implement holistic market research methodology in order to result in the best possible market research reports across various industries worldwide. Based on our unmatched expertise across various industries—no matter how large or small, how complex or unique—we help our clients achieve better outcomes with uniquely designed and highly customized solutions. Our coverage includes insights that help our clients ensure sustained growth in developed markets and also key inputs to help them tap into emerging markets and exploit the plethora of opportunities posed therein. © Coherent market Insights. All Rights Reserved

  8. THANK YOU To know more about us, visit our website: www.coherentmarketinsights.com For sales queries or new topics email us on: sales@coherentmarketinsights.com For other queries contact: Mr. Shah (Manager - Business Development) Coherent Market Insights sales@coherentmarketinsights.com +1-206-701-6702 © Coherent market Insights. All Rights Reserved

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