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Dry Age Related Macular Degeneration (AMD) Market Report 2025-2034: Industry Overview, Trends, And Forecast Analysis
Dry Age Related Macular Degeneration (AMD)
What Is the Current Dry Age Related Macular Degeneration (AMD) Market Size and Its Estimated Growth Rate?
The market size for dry age related macular degeneration (AMD) has seen robust growth in the past few years. The market is predicted to expand from $4.49 billion in 2024 to $4.90 billion in 2025, boasting a compound annual growth rate (CAGR) of 9.1%. The historical growth of this market can be linked to factors such as an increasing elderly population, a surge in chronic illnesses, heightened public awareness about ocular health, a rising number of clinical studies concentrating on dry AMD, and a growing demand for less invasive therapies.
Expectations are high for robust expansion in the dry age related macular degeneration (AMD) market in the coming years, as it is projected to surge to a worth of $6.86 billion by 2029 at a compounded yearly growth rate of 8.8%. This anticipated surge during the forecast period can be linked to factors such as the introduction of innovative therapies, increased spending on healthcare, escalating use of laser photocoagulation therapy, advancements in genetic studies, and a heightened emphasis on personalized medical treatment. The trend forecast for the period indicates advancements in diagnostic technologies, increased use of teleophthalmology, technological progress in treatments, product approvals, and market introduction of new products.
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How Are Emerging Segments Shaping the Dry Age Related Macular Degeneration (AMD) Market Landscape?
The dry age related macular degeneration (AMD) market covered in this report is segmented -
1) By Stages: Early Age-Related Macular Degeneration, Intermediate Age-Related Macular Degeneration, Late Age-Related Macular Degeneration
2) By Age Group: Above 75 Years, Above 60 Years, Above 40 Years
3) By Route Of Administration: Oral, Injectables
4) By End Users: Hospitals And Clinics, Diagnostic Centers, Academic And Research Institutes
Subsegments:
1) By Early Age-Related Macular Degeneration: Drusen Accumulation, Retinal Pigment Epithelium Changes
2) By Intermediate Age-Related Macular Degeneration: Larger Drusen Deposits, Increased Pigmentary Abnormalities
3) By Late Age-Related Macular Degeneration: Geographic Atrophy, Central Vision Loss
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Which Growth Factors Are Influencing Dry Age Related Macular Degeneration (AMD) Market Expansion?
The escalation in the elderly population is anticipated to augment the expansion of the Dry Age-Related Macular Degeneration (AMD) market. The term ""elderly population"" commonly refers to individuals who are 65 years or older. The rise in this demographic can be attributed to several factors, such as advancements in medical technology, improved management of chronic conditions, extended lifespan, and enhanced care for the elderly. Dry AMD offers specific treatments and management strategies for the elderly, aiming to slow disease progression, maintain vision, and enhance life quality for those suffering from this condition. For instance, according to June 2024 reports by the National Council on Aging, a US-based entity, there were approximately 57.8 million adults aged 65 and older in 2022. This was about 17.3% of the total U.S. population, an increase from 16.9% in 2021. Hence, the augmenting elderly population will be a significant driver of the Dry Age-Related Macular Degeneration (AMD) market growth.
Who Are the Dominant Players Across Different Dry Age Related Macular Degeneration (AMD) Market Segments?
Major companies operating in the dry age related macular degeneration (AMD) market are F Hoffmann-La Roche Ltd., Novartis AG, Bayer AG, Amgen Inc., Biogen Inc., Astellas Pharma Inc., Bausch Health Companies Inc., Lupin Ltd., Santen Pharmaceuticals Inc., Biocon Ltd., Alimera Sciences Inc., Apellis Pharmaceuticals Inc., Belite Bio Inc., Axol Bioscience Ltd., Alkeus Pharmaceuticals Inc., Kubota Holdings Co., Ribomic Inc., Eyestem Research Pvt. Ltd., LumiThera Inc., Adverum Biotechnologies Inc.
What Are the Latest Developing Trends in the Dry Age Related Macular Degeneration (AMD) Market?
Big players in the dry age-related macular degeneration (AMD) market are focusing on the development of cutting-edge treatments and technologies, such as light delivery systems which are intended to stimulate retinal cells to potentially slow down the progression of the disease. Light delivery systems are innovative technologies that employ light for therapeutic purposes, mostly in medical treatments. For example, LumiThera Inc., a medical device company based in the US, introduced photobiomodulation (PBM) for dry AMD using the Valeda Light Delivery System in January 2024. This became the first FDA-endorsed therapy aimed at addressing vision loss issues in patients with dry AMD, a disease with limited current treatment options. To collect extended data on patient outcomes post-Valeda system treatment, LumiThera set up the EUROLIGHT registry study. The Valeda system employs an innovative multi-wavelength light delivery approach, using specific wavelengths (590 nm, 660 nm, and 850 nm). This non-invasive treatment could be administered with the eyelid either open or closed and usually demands nine sessions across three to four weeks.
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Which Geographic Regions Are Expected to Dominate the Dry Age Related Macular Degeneration (AMD) Market in the Coming Years?
North America was the largest region in the dry age-related macular degeneration (AMD) market in 2024. The regions covered in the dry age related macular degeneration (AMD) market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Dry Age Related Macular Degeneration (AMD) Market?
2. What is the CAGR expected in the Dry Age Related Macular Degeneration (AMD) Market?
3. What Are the Key Innovations Transforming the Dry Age Related Macular Degeneration (AMD) Industry?
4. Which Region Is Leading the Dry Age Related Macular Degeneration (AMD) Market?
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