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Global Juvenile Macular Degeneration Treatment Market Growth Accelerates: Strategic Forecast Predicts $1.87 Billion by 2029
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the Juvenile Macular Degeneration Treatment Industry Market Size Be by 2025?
The valuation of the treatment market for macular degeneration affecting young individuals has demonstrated robust expansion lately, projected to advance from a figure of $1.28 billion in the year 2024 to $1.39 billion by 2025, reflecting an annual growth rate compounded yearly (CAGR) of 8.3 percent; this upward trajectory during the past period stems from a heightened incidence of inherited ocular conditions, greater financial commitment to ophthalmological investigation, a greater emphasis placed on visual healare for minors, the escalating frequency of sight impairment observed in children, and the increasing incorporation of artificial intelligence technologies within diagnostic procedures for eye conditions.
What's the Long-Term Growth Forecast for the Juvenile Macular Degeneration Treatment Market Size Through 2029?
The market assessing treatments for macular degeneration in younger individuals is projected to experience robust expansion over the foroming years, reaching a valuation of $1.87 billion by 2029, reflecting a compound annual growth rate (CAGR) of 7.8%; this upswing during the projection timeframe is traceable to several factors, namely an escalating elderly demographic, a greater prevalence of ophthalmic biotechnology enterprises, heightened attention toward drug delivery systems designed for specific targets, a proliferation in ongoing clinical investigations, and amplified financial backing for gene-based interventions, while pivotal movements defining this era encompass progress in genetic diagnostic methods, the maturation of gene therapy solutions, ongoing work in stem cell biology, favourable governmental oversight for novel therapeutic modalities, and the adoption of individually tailored medical strategies.
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What Are the Key Growth Drivers Fueling the Juvenile Macular Degeneration Treatment Market Expansion?
The expanding occurrence of afflictions related to the retina is projected to fuel the market expansion for treatments targeting juvenile macular degeneration in the foroming period. These retinal conditions encompass various ailments affecting the light-sensing tissue situated at the eye's rear, resulting in diminished sight or total blindness; this rise in retinal problems is partly attributable to the growing incidence of diabetes which causes retinal damage over time, such as diabetic retinopathy, and treatments designed for juvenile macular degeneration are vital for young sufferers because they aid in maintaining their sight through prompt medical reactions, thus improving overall management of these retinal issues; for illustration, data released in November 2024 by Retina Australia, a non-profit based there, indicated that in Australia, roughly 19,000 people, equating to about one individual in every 1,380, are currently thought to have an inherited retinal disease (IRD), while the National Eye Institute in the US anticipates that the count of Americans experiencing severe age-related macular degeneration (AMD) will climb from its present 2.1 million to reach 3.7 million by the year 2030, confirming that the escalating rate of retinal disorders is a major impetus behind the advancement of the juvenile macular degeneration therapeutic sector.
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What Are the Key Trends Driving Juvenile Macular Degeneration Treatment Market Growth?
Leading enterprises within the juvenile macular degeneration therapy sector are concentrating their efforts on pioneering novel methodologies, specifically dual adeno-associated viral (AAV) vectors, aiming to refine the process of gene therapy administration and thereby boost the successful outcomes for individuals afflicted by this condition. The dual adeno-associated viral (AAV) vector technique represents an advanced gene therapy strategy employing two AAV vectors concurrently to successfully introduce therapeutic genes too large for encapsulation within a single AAV unit. Illustratively, during March of 2025, the Spanish biotechnology firm SpliceBio publicly disclosed the initial patient administration within their Phase 1/2 ASTRA clinical trial for SB-007, a gene therapy utilizing this dual AAV vector platform expressly engineered to reestablish the complete expression of the ABCA4 protein. This therapeutic intervention is intended to offer a viable treatment pathway for juvenile macular degeneration (which is also known as stargardt disease), a hereditary affliction of the retina for which no therapies are currently authorized, with the goal of benefiting all affected individuals irrespective of their specific genetic mutations, marking a critical advancement in the pursuit of successful gene treatments for uncommon ocular disorders.
How Is the Juvenile Macular Degeneration Treatment Market Segmented?
The juvenile macular degeneration treatmentmarket covered in this report is segmented -
1) By Type: Wet Age-Related Macular Degeneration; Dry Age-Related Macular Degeneration
2) By Treatment: Devices; Drugs; Surgery
3) By Application: Vision Preservation; Disease Management; Symptom Relief; Preventive Care; Clinical Trials
4) By Sales Channel: Hospitals; Ambulatory Surgical Centres; Other Sales Channel
Subsegments:
1) By Wet Age-Related Macular Degeneration: Anti-Vascular Endothelial Growth Factor (Anti-VEGF) Therapy; Photodynamic Therapy (PDT); Laser Therapy
2) By Dry Age-Related Macular Degeneration: Nutritional Supplements; Gene Therapy; Stem Cell Therapy
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Which Companies Are Leading the Charge in Juvenile Macular Degeneration Treatment Market Innovation?
Major companies operating in the juvenile macular degeneration treatment market are F. Hoffmann-La Roche Ltd., Bayer AG, Novartis AG, AbbVie Inc., Regeneron Pharmaceuticals Inc., Astellas Pharma Inc., Biogen Inc., Santen Pharmaceutical Co. Ltd., Teva Pharmaceutical Industries Ltd., Samsung Bioepis Co. Ltd., Spark Therapeutics Inc., Polpharma Biologics S.A., OrCam Technologies Ltd., Alkeus Pharmaceuticals Inc., Bioeq AG, NuEyes Technologies Inc., Coherus BioSciences Inc., eSight Eyewear Inc., MeiraGTx Holdings plc, Kubota Pharmaceutical Holdings Co. Ltd.
Which Regions Are Leading the Global Juvenile Macular Degeneration Treatment Market in Revenue?
North America was the largest region in the juvenile macular degeneration treatment market in 2024. The regions covered in the juvenile macular degeneration treatment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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