The Worldwide Age-related Macular Degeneration Industry is Expected to Reach $14.4 Billion by 2030 - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Oct 27, 2022--
The "Age-related Macular Degeneration Market Share, Size, Trends, Industry Analysis Report, By Drugs, By Product, By Route of Administration, By Distribution Channel, By Region, Segment Forecast, 2022 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global Age-related Macular Degeneration (AMD) market size is expected to reach USD 14.43 billion by 2030. The report gives a detailed insight into current market dynamics and provides analysis on future market growth.
Companies Mentioned
- Acucela Inc.
- Alimera Sciences Inc.
- ALLERGAN
- Bausch & Lomb Incorporated
- Bayer AG
- F. Hoffmann La Roche
- GlaxoSmithKline PLC
- Novartis AG
- Ophthotech Corporation
- Pfizer Inc
- Regeneron Pharmaceuticals
- Rxi Pharmaceuticals Inc.
- Santen Pharmaceuticals Co.
- Valeant Pharmaceuticals International Inc
The AMD industry is boosted by an increase in the frequency of eye-related diseases and an increase in the number of refractive eye surgeries for eye disorders. As per the WHO, in 2019, around 2.2 billion people from across the globe have been suffering from one or the other kind of visual impairment, and out of this, 123.7 million people have uncorrected refractive errors.
The different types of refractive errors include nearsightedness (myopia), farsightedness (hyperopia), astigmatism, and presbyopia. Glasses, contact lenses, and laser eye surgery are the commonly available treatment for the correction of refractive errors. Due to the discomfort offered by wearing glasses and contact lenses, more and more people are inclined towards the adoption of refractive eye surgery to correct their refractive errors.
Furthermore, as per the American Refractive Surgery Council, in 2017, more than 29 million LASIK procedures were performed in the US. As per the American Association of Ophthalmology, in the US, 70% to 80% of people with refractive error opt for LASIK eye surgery, and 20% to 30% opt for PRK surgery. Thr intravitreal wearables segment accounted for the leading share in the market. The intravitreal segment is growing in popularity because tailored drug administration makes it more effective. In addition, the various anti-VEGF injections are given intravitreal or intraocularly. Anti-Vascular Endothelial Growth Factor medications are used to treat wet AMD (anti-VEGF).
Lucentis (ranibizumab) and Eylea (aflibercept) are two FDA-approved medications that are commonly prescribed for AMD. Avastin (bevacizumab), an off-label medication, is also widely utilized. Wet AMD is also treated with photodynamic therapy (PDT), which reduces the progression of vision impairment.
The publisher has segmented the Age-related Macular Degeneration (AMD) Market report based on product, drugs, route of administration, distribution channel, and region:
Age-related Macular Degeneration (AMD), Product Outlook (Revenue - USD Billion, 2018 - 2030)
Age-related Macular Degeneration (AMD), Drugs Outlook (Revenue - USD Billion, 2018 - 2030)
- Lucentis
- Eylea
- Avastin
- Others
Age-related Macular Degeneration (AMD), Route of Administration Outlook (Revenue - USD Billion, 2018 - 2030)
- Intravenous
- Intravitreal
Age-related Macular Degeneration (AMD), Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)
- Hospital Pharmacies
- Retail Pharmacies
- Online Pharmacies
Age-related Macular Degeneration (AMD), Regional Outlook (Revenue - USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Europe
- France
- Germany
- UK
- Italy
- Spain
- Netherlands
- Russia
- Asia Pacific
- China
- India
- Japan
- Malaysia
- South Korea
- Indonesia
- Latin America
- Mexico
- Brazil
- Argentina
- Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- South Africa
For more information about this report visit https://www.researchandmarkets.com/r/putq44
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SOURCE: Research and Markets
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