Age–Related Macular Degeneration Market Future Growth By Top Players Novartis AG, Bayer AG, Acucela, Neurotech Pharmaceuticals Inc., Hoffmann-La Roche Limited, Ophthotech Co., GlaxoSmithKline Plc.

According to World Health Organization (WHO), age-related macular degeneration has 3rd rank in the global cause of visual impairment with 8.7% blindness prevalence, whereas, Community Eye Health Journal, by London School of Hygiene and Tropical Medicine, in 2014, around 196 million people will suffer from AMD by 2020 globally. Technological advancement in healthcare sector and upgraded diagnostic facility is also propelling the growth of age–related macular degeneration market.

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However, restraints that are likely to hamper the growth of age-related macular degeneration market include high cost of the treatment, growing off –label use and stringent regulatory policies. For instance, single injection of anti-vascular endothelial growth factor (anti VEGF) agent for the treatment of AMD such as ranibizumab cost about $2000. The increase in geriatric population and growing awareness of AMD is expected to provide more opportunities in age-related macular degeneration market.

Age-related Macular Degeneration (AMD) is one of the major cause of visual impairment in the aged population, which is an acquired retinal disorder and causes the deterioration of macula. Macula is a part of retina that is responsible for central vision and sharpness of vision. Central vision is necessary for activities such as reading books, driving, recognizing faces, sewing, and some others. The peripheral vision remains unaffected even with the AMD. This disorder might cause the vision loss mainly in the people with age of 60 year or above. In early stage, AMD might not show any symptoms, but the symptoms can be seen while the disease progresses include dark spot or degeneration in central vision and blurred vision.

Competitive Analysis

Key industry players operating the age-related macular degeneration market include Novartis AG, Bayer AG, Acucela, Neurotech Pharmaceuticals Inc., Hoffmann-La Roche Limited, Ophthotech Co., GlaxoSmithKline Plc., Alimera sciences Inc., StemCell Inc., and Regeneron Pharmaceutical Inc.. Growing number of pipeline drugs for age-related macular degeneration is helping the industry players to sustain in the age-related macular degeneration market. Additionally, fast track drug designations and special regulator government policies such as tax benefits are some other factors helping the new players to enter in the age-related macular degeneration market. For instance, Fovista a product of Ophthotech received fast track designation by U.S. FDA and is expected to launch in 2018.

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The global age-related macular degeneration market is segmented by type and by drug.

On the basis of type, the age-related macular degeneration market is segmented into
Dry age-related macular degeneration
Wet age-related macular degeneration

On the basis of drug, the age-related macular degeneration market is segmented into
Eylea
Visudyne
Lucentis
Avastin
others

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