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Key Trend Reshaping the Age-Related Macular Degeneration Market in 2025: Innovative Treatments for Age-Related Macular Degeneration: Focus on Bispecific Antibodies
Age-Related Macular Degeneration Market Size
The expected surge in the prevalence of age-related macular degeneration (AMD) is projected to fuel the growth in the AMD market. AMD is an evolving condition of the eye that affects the macula - a minor section of the retina that is accountable for central vision. Treatments for AMD help patients with retinal disorders by reducing the harshness of the disease. For example, as per the data provided by Optimaxa, a laser eye treatment specialist based in the UK, in February 2023, AMD had affected about 196 million people worldwide and it is anticipated to escalate to 288 million by 2040, comprising 8.7 percent of the global population. Consequently, the escalating prevalence of AMD is stimulating the growth of the AMD market.
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What is the projected compound annual growth rate (CAGR) of the age-related macular degeneration market from 2025 to 2034, and what factors influence it?
In recent times, the market size for age-related macular degeneration has experienced robust growth. It is projected that it will expand from $9.96 billion in 2024 to approximately $10.7 billion in 2025, implying a compound annual growth rate (CAGR) of 7.5%. The observed expansion during the historic period can be ascribed to factors such as the aging population, evolving lifestyles and environmental variables, genetic vulnerability, heightened awareness, early detection, and the progression of diagnostic methods.
The market for age-related macular degeneration is set to witness impressive expansion in the coming years, with estimations suggesting a rise to "$14.38 billion by 2029, propelled by a compound annual growth rate (CAGR) of 7.7%. The projected growth for the period can be linked to advancements in research pertaining to genetics and biomarkers, the emergence of new therapeutic models, the rise in telemedicine and the development of remote monitoring, as well as patient advocacy and education. During the forecast period, we can expect trends like personalized medicine techniques, novel developments in retinal imaging technologies, the rise of maintained drug delivery systems, unique clinical trials for experimental treatments, and collaborations aimed at research and development.
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How are the latest trends influencing the growth of the age-related macular degeneration market?
Innovative treatments such as bispecific antibodies are being developed by major firms in the age-related macular degeneration (AMD) market to minimize the frequency of treatment. An engineered antibody that can bind to two different antigens at once is what a bispecific antibody is. For example, Chugai Pharmaceutical Co., Ltd., a pharmaceutical company from Japan, unveiled Vabysmo intravitreal injection 120 mg/mL, a bispecific antibody tailored for eye conditions like AMD and diabetic macular edema (DME) in May 2022. This novel therapy works by jointly targeting two crucial pathways: angiopoietin-2 (Ang-2), which induces abnormal blood vessel development and inflammation, and Vascular Endothelial Growth Factor-A (VEGF-A), a crucial element in new blood vessel formation that can result in vision impairment. Vabysmo's extended dosage intervals are a key advantage, allowing for the administration of treatments every 16 weeks, improving patient convenience and compliance. Its dual-action strategy represents a significant step forward in ophthalmic treatments, effectively meeting the pressing demand for trustworthy therapies for retinal diseases.
What are the major segments of the age-related macular degeneration market and their role in driving growth?
The age-related macular degeneration market covered in this report is segmented -
1) By Type: Wet Age-Related Macular Degeneration (AMD), Dry Age-Related Macular Degeneration (AMD)
2) By Drug: Eylea, Lucentis, Avastin, Other Products
3) By Route Of Administration: Intravenous, Intravitreal
4) By Distribution Channel: Hospital Pharmacy, Specialty Pharmacy, Online Pharmacy
Subsegments:
1) By Wet Age-Related Macular Degeneration (AMD): Anti-VEGF Injections, Photodynamic Therapy, Laser Surgery
2) By Dry Age-Related Macular Degeneration (AMD): Nutritional Supplements, Low Vision Aids, Therapies For Geographic Atrophy
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Which regions are key players in the growth of the age-related macular degeneration market?
North America was the largest region in the global age-related macular degeneration market in 2024.Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the age-related macular degeneration market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Who are the key firms paving the way for growth in the age-related macular degeneration market?
Major companies operating in the age-related macular degeneration market include F. Hoffmann-La Roche Ltd., Novartis AG, Bayer AG, Pfizer Inc., Bausch Health Companies Inc., Regeneron Pharmaceuticals Inc., Amgen Inc., Alimera Sciences Inc., Alkeus Pharmaceuticals Inc., AbbVie Inc., Outlook Therapeutics Inc., Biogen Inc., Samsung Bioepis Co. Ltd., Biocon Ltd., Bio-Thera Biopharmaceutical Co. Ltd., AstraZeneca plc, Acucela Inc., Ophthotech Corporation, Kodiak Sciences Inc., REGENXBIO Inc., Alkahest Inc., Opthea Limited, Apellis Pharmaceuticals Inc., Graybug Vision Inc., IVERIC bio Inc., Santen Pharmaceutical Co. Ltd., Ocular Therapeutix Inc., Tyrogenex Inc., Chengdu Kanghong Pharmaceutical Group Co. Ltd., I-Mab Biopharma Co. Ltd., pSivida Corp., Clearside Biomedical Inc., SciFluor Life Sciences LLC, Lineage Cell Therapeutics Inc.
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What Is Covered In The Age-Related Macular Degeneration Global Market Report?
• Market Size Forecast: Examine the age-related macular degeneration market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the age-related macular degeneration market for a structured understanding.
• Key Players Overview: Analyze major players in the age-related macular degeneration market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the age-related macular degeneration market.
• Segment Contributions: Evaluate how different segments drive overall growth in the age-related macular degeneration market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the age-related macular degeneration market.
• Industry Challenges: Identify potential risks and obstacles affecting the age-related macular degeneration market.
• Competitive Landscape: Review strategic developments in the age-related macular degeneration market, including expansions, agreements, and new product launches.
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