Global Spotlight on Macular Edema and Macular Degeneration: Why It Demands Urgent Attention Today | AMR Analysis

According to the report published by Allied Market Research, the Global Macular Edema And Macular Degeneration Market generated $8.30 billion in 2020, and is expected to reach $16.53 billion by 2030, exhibiting a CAGR of 7.3% from 2021 to 2030. The report offers an in-depth analysis of the market size, emerging and current trends, future estimations, and key players.

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COVID-19 Impact Analysis (Pre & Post) -

• Treatments such as Lucentis (ranibizymab) and Avastin for macular degeneration and anti-vascular endothelial growth factor drugs to treat macular edema play an important role during the Covid-19 pandemic. However, fewer surgeries are possible due to social distancing and lockdown measures.
• All resources and efforts have been dedicated to the treatment of patients infected with COVID-19. The prolonged lockdown has disrupted supply chains and disrupted the availability of surgical supplies.

Based on the type of treatment, the market is segmented into medical treatment and laser treatment. The pharmaceutical sector is the largest market share of the global market in 2020. Factors such as the increasing number of diabetics who have been suffering from diabetes for many years can develop neuropathy, reduced or complete loss of vision due to nerve damage, and the development of macular edema (DME) promotes market growth.

By application, the market is divided into macular edema (DME) and cystoid macular edema (CME) and macular degeneration (age related dry macular degeneration and age-related macular degeneration wet). The macular degeneration segment is the largest segment of the market in 2020 and is expected to remain so during the forecast period, due to the increase in the incidence of diabetes due to the poor lifestyle of the people and the increase in the incidence of diabetes these are factors that drive market growth.

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Important Key Market Players Are -

• Alimera Sciences Inc.,
• Abbvie Inc.,
• Bausch Health Companies Inc.,
• Bayer AG, F.
• Hoffmann-La Roche Ltd,
• GlaxoSmithKline Plc,
• Kubota Pharmaceutical Hodlings Co. Ltd.,
• Novartis AG,
• Regeneron Pharmaceuticals Inc.,
• Regen X Bio Inc.

Based on region, North America accounted for the highest share in 2020, holding approximately two-fifths of the total market, and is expected to maintain its dominance during the forecast period. On the other hand, Europe is expected to exhibit the fastest CAGR of 8.6% during the forecast period.

Key Findings of The Study -

• By treatment, the drug therapy segment held the largest macular edema and macular degeneration market share in 2020, and is expected to remain dominant during the forecast period.
• By application, the macular degeneration segment held the largest market share in 2020, and is expected to remain dominant during the forecast period
• By end user, the hospital segment held the largest market share in 2020, and is expected to remain dominant during the forecast period.
• By region, North America is expected to experience largest macular edema and macular degeneration market share, registering a CAGR of 6.7% during the forecast period.

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Geographic Segments Covered in the Report -

The macular edema and macular degeneration market report provides information about the market area, which is further subdivided into sub-regions and countries/regions. In addition to the market share in each country and sub-region, this chapter of this report also contains information on profit opportunities. This chapter of the report mentions the market share and growth rate of each region, country, and sub-region during the estimated period.

• North America (USA and Canada)

• Europe (UK, Germany, France and the rest of Europe)

• Asia Pacific (China, Japan, India, and the rest of the Asia Pacific region)

• Latin America (Brazil, Mexico, and the rest of Latin America)

• Middle East and Africa (GCC and rest of the Middle East and Africa)

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