Global market valuation was derived through revenue mapping and patient volume analysis. The methodology included:
• Identification of 30+ key biopharmaceutical manufacturers across North America, Europe, Asia-Pacific, and Latin America specializing in retinal therapeutics
• Product mapping across anti-VEGF biologics (ranibizumab, aflibercept, brolucizumab, faricimab), emerging biosimilars (SB11, FYB201, CT-P42), gene therapy candidates (RGX-314, ADVM-022), complement inhibitors for geographic atrophy (pegcetacoplan, avacincaptad pegol), and sustained-release delivery systems
• Analysis of reported and modeled annual revenues specific to ophthalmology/retina portfolios, including intravitreal injection procedure volumes and average selling prices (ASPs) net of rebates and discounts
• Coverage of manufacturers representing 80-85% of global market share in 2024 (reflecting high market concentration among established anti-VEGF innovators and early biosimilar entrants)
• Extrapolation using bottom-up (diagnosed prevalent cases × treatment penetration rates × annual injection frequency × ASP by country) and top-down (manufacturer reported revenue validation against IMS/Evaluate Pharma data) approaches to derive segment-specific valuations for wet AMD and dry AMD (Geographic Atrophy) submarkets