Age-related Macular Degeneration (AMD) Market Size Worth $25.40 Billion By 2034 | CAGR: 8.0%

The global Age-related Macular Degeneration (AMD) market size is expected to reach USD 25.40 billion by 2034 according to a new study by Polaris Market Research. The report “Age-related Macular Degeneration (AMD) Market Share, Size, Trends, Industry Analysis Report, By Drugs (Lucentis, Eylea, Avastin, Others); By Product; By Route of Administration; By Distribution Channel; By Region; Segment Forecast, 2025 - 2034” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The Age-related Macular Degeneration (AMD) industry is experiencing significant growth, driven by a rising prevalence of eye-related diseases globally, particularly among the aging population. As the incidence of conditions such as diabetic retinopathy, cataracts, and glaucoma increases, the demand for effective AMD treatments continues to rise. Additionally, the growing number of refractive eye surgeries performed to correct vision disorders is further contributing to market expansion. These procedures often lead to greater awareness and diagnosis of underlying retinal issues, including AMD, thereby supporting the overall growth of the AMD industry.

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The different type of refractive errors includes nearsightedness (myopia), farsightedness (hyperopia), astigmatism, and presbyopia. Glasses, contact lenses, and laser eye surgery are the commonly available treatment for the correction of refractive errors. Due to the discomfort offered by wearing glasses and contact lenses, more and more people are inclined towards the adoption of refractive eye surgery to correct their refractive errors.

Intravitreal wearables segment accounted for the leading share in the market. The intravitreal segment is growing in popularity because tailored drug administration makes it more effective. In addition, the various anti-VEGF injections are given intravitreal or intraocularly. Anti-Vascular Endothelial Growth Factor medications are used to treat wet AMD (anti-VEGF).

Lucentis (ranibizumab) and Eylea (aflibercept) are two FDA-approved medications that are commonly prescribed for AMD. Avastin (bevacizumab), an off-label medication, is also widely utilized. Wet AMD is also treated with photodynamic therapy (PDT), which reduces the progression of vision impairment.

Industry players such as F. Hoffmann La Roche, Alimera Sciences Inc., ALLERGAN, Regeneron Pharmaceuticals, Bausch & Lomb Incorporated, Bayer AG, GlaxoSmithKline PLC, Novartis AG, Acucela Inc., Ophthotech Corporation, Pfizer Inc, Rxi Pharmaceuticals Inc., Santen Pharmaceuticals Co., and Valeant Pharmaceuticals International, Inc. are some key players operating in the industry. In January 2021, Novartis started phase III trials of its candidate “brolucizumab” for the cure of AMD to assess its tolerability and effectiveness.

Polaris Market Research has segmented the Age-related Macular Degeneration (AMD) Market report based on product, drugs, route of administration, distribution channel, and region:

Age-related Macular Degeneration (AMD), Product Outlook (Revenue - USD Billion, 2020 - 2034)

• Wet AMD
• Dry AMD

Age-related Macular Degeneration (AMD), Drugs Outlook (Revenue - USD Billion, 2020 - 2034)

• Lucentis
• Eylea
• Avastin
• Others

Age-related Macular Degeneration (AMD), Route of Administration Outlook (Revenue - USD Billion, 2020 - 2034)

• Intravenous
• Intravitreal

Age-related Macular Degeneration (AMD), Distribution Channel Outlook (Revenue - USD Billion, 2020 - 2034)

• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies

Age-related Macular Degeneration (AMD), Regional Outlook (Revenue - USD Billion, 2020 - 2034)

• North America
  • U.S.
  • Canada
• Europe
  • France
  • Germany
  • UK
  • Italy
  • Spain
  • Netherlands
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • Malaysia
  • South Korea
  • Indonesia
• Latin America
  • Mexico
  • Brazil
  • Argentina
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa