Press release
Geographic Atrophy Market Size Forecasted To Achieve 3.5 Billion By 2029 With Steady Growth
Geographic Atrophy
What Is the Geographic Atrophy Market Size and Projected Growth Rate?
Recent years have witnessed a steady upsurge in the market size of geographic atrophy. The size is set to escalate from $1.86 billion in 2024 to $2.12 billion in 2025, indicating a compound annual growth rate (CAGR) of 13.7%. This perceptible growth during the historic period can be traced back to factors like an increasing elderly population, escalated demand for efficient treatment solutions, a rising frequency of geographic atrophy, higher health consciousness, and a surge in the cases of retinal diseases.
The market size for geographic atrophy is forecasted to experience a swift expansion in the coming years, reaching a value of $3.50 billion in 2029 with a compound annual growth rate (CAGR) of 13.5%. The prospective growth can be accredited to enhanced research and development focus, a surge in R&D funding, rising smartphone usage, escalating healthcare spending, and amplified investment in clinical studies. The period of prediction is characterised by significant trends such as progress in gene therapy, healthcare technology advancements, emergence of novel technologies, embracing of telemedicine, and the invention of potent and effective medications.
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What Are the Major Segments in the Geographic Atrophy Market?
The geographic atrophy market covered in this report is segmented -
1) By Drug Type: Anti-Vascular Endothelial Growth Factor (VEGF) Therapy, Complement Inhibitors, Neuroprotective Agents, Other Drugs
2) By Diagnosis: Fundus Autofluorescence (FAF), Optical Coherence Tomography Angiography (OCT-A), Multifocal Electroretinography (mfERG)
3) By Route Of Administration: Intravitreal, Oral, Other Routes Of Administration
4) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Online Pharmacies, Other Distribution Channels
Subsegmentss:
1) By Anti-Vascular Endothelial Growth Factor (VEGF) Therapy: Ranibizumab, Aflibercept, Bevacizumab
2) By Complement Inhibitors: Pegcetacoplan, Lfg316
3) By Neuroprotective Agents: Latanoprost, Brimonidine
4) By Other Drugs: Steroids, Retinoids, Combination Therapy
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What Are The Driving Geographic Atrophy Market Evolution?
The escalating occurrence of age-related macular degeneration is anticipated to drive the advancement of the geographic atrophy market in the future. Age-related macular degeneration (AMD), an ailment affecting the central part of the retina in elderly people, makes it challenging to see intricate details. The main reason for the spread of this disease is the aging population. As people are living longer, their eyes naturally undergo gradual deterioration due to age, making them more susceptible to contracting the disorder over time. Geographic atrophy treatments aid AMD patients by decelerating the damage to the retinas and maintaining the remaining vision. For instance, a report published by Medical News Today, a digital media company in the US, in January 2024, predicted a surge in global AMD cases from 196 million to 288 million by 2040. Consequently, the rising incidence of AMD is fueling the expansion of the geographic atrophy market.
Which Firms Dominate The Geographic Atrophy Market Segments?
Major companies operating in the geographic atrophy market are Regeneron Pharmaceuticals Inc., Boehringer Ingelheim, Astellas Pharma Inc., Biogen Inc., Ocugen Inc., Kodiak Sciences Inc., Apellis Pharmaceuticals Inc., NGM Biopharmaceuticals Inc., Voyager Therapeutics, Kriya Therapeutics, Stealth BioTherapeutics, Kiora Pharmaceuticals, Iveric Bio, Alkeus Pharmaceuticals, Nanoscope Therapeutics, Graybug Vision, SparingVision, 4D Molecular Therapeutics, Clearside Biomedical, Gensight Biologics
What Trends Are Expected to Dominate the Geographic Atrophy Market in the Next 5 Years?
In the geographic atrophy market, major firms are focusing on developing innovative treatments like complement inhibitor therapy. This particular therapy aids in slowing down the hyperactive immune response associated with certain diseases, limiting the damage to healthy cells and reducing disease progression. For instance, Astellas Pharma Inc., a pharmaceutical company based in Japan, announced the FDA approval of IZERVAY (avacincaptad pegol intravitreal solution) for treating geographic atrophy in February 2025. The authorization from the US government agency, FDA, permits unlimited duration use of IZERVAY for the treatment of geographic atrophy secondary to age-related macular degeneration. This choice paves the way for better GA management and offers adaptable, long-term treatment choices for patients and healthcare professionals alike.
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Which Is The Largest Region In The Geographic Atrophy Market?
North America was the largest region in the geographic atrophy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the geographic atrophy 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 Geographic Atrophy Market?
2. What is the CAGR expected in the Geographic Atrophy Market?
3. What Are the Key Innovations Transforming the Geographic Atrophy Industry?
4. Which Region Is Leading the Geographic Atrophy Market?
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