Age-related Macular Degeneration (AMD) Drugs Market worth $17.37 billion by 2029
The report "Age-related Macular Degeneration (AMD) Drugs Market by Product (Lucentis, Eylea & Eylea HD, Vabysmo, Syfovre), Molecule (Ranibizumab, Aflibercept, Faricimab), Approval Type (Biologic, Biosimilar), Type of AMD, End User - Global Forecast to 2029 ", is projected to reach USD 17.37 billion by 2029 from USD 10.46 billion in 2024, at a CAGR of 10.7% during the forecast period of 2024 to 2029.
Browse 379 market data Tables and 54 Figures spread through 335 Pages and in-depth TOC on "Age-related Macular Degeneration (AMD) Drugs Market by Product (Lucentis, Eylea & Eylea HD, Vabysmo, Syfovre), Molecule (Ranibizumab, Aflibercept, Faricimab), Approval Type (Biologic, Biosimilar), Type of AMD, End User - Global Forecast to 2029 "
View detailed Table of Content here - https://www.marketsandmarkets.com/Market-Reports/age-related-macular-degeneration-market-37446234.html
The Age-Related Macular Degeneration (AMD) drugs market is expected to grow at a CAGR of 10.7% during the forecast period of 2024 to 2029. Factors driving the growth of this market are an increasing risk of AMD due to lifestyle and dietary changes, a strong drug development pipeline with many fast-track designated trials supporting steady development and approvals of AMD drugs, and improved reimbursement policies enhancing the access and affordability of these therapies. Expansion into emerging markets such as Asia Pacific and Latin America and a shift towards the development of new drug modalities for AMD treatment provide further growth opportunities to the players operating in this market and support the growth of the AMD drugs market in the future.
Eylea accounted for the largest share of the product segment in the Age-Related Macular Degeneration (AMD) drugs market in 2023.
Based on products, the Age-Related Macular Degeneration (AMD) drugs market is segmented into Eylea & Eylea HD, Lucentis, Vabysmo, Syfovre, and Others (including Izervay, Beovu, Conbercept, Byooviz, among others). In 2023, Eylea & Eylea HD accounted for the largest share of the Age-Related Macular Degeneration (AMD) drugs market. This large share of this AMD drug can be attributed to the high rate of adoption among patients. Various studies have shown that this drug is the preferred choice of treatment for wet AMD by many ophthalmologists. The drug is also approved for various other retinal disorders such as Retinal Vein Occlusion (RVO) and Diabetic Macular Edema, among others. However, the growth of this drug is affected by the approval and availability of new AMD drugs such as Vabysmo, which is being increasingly prescribed by doctors owing to their low dosing frequency reducing the treatment burden on patients.
The wet AMD disease type accounted for the largest share of the type of AMD segment in the Age-Related Macular Degeneration (AMD) drugs market in 2023.
Based on the type of AMD, the Age-Related Macular Degeneration (AMD) drugs market is segmented into wet AMD and dry AMD. The wet AMD segment accounted for the largest share of the AMD drugs market in 2023 owing to the high prevalence of the disease affecting approximately 20 million individuals globally and most of the drugs in the AMD market such as Eylea & Eylea HD, Vabysmo, Lucentis, Byooviz, and Cimerli among others are developed for the treatment of this disease. The prevalence of this disease is increasing due to the rise in the geriatric population across the globe, with the World Health Organization (WHO) predicting the number of individuals above 60 years of age to double by 2050. Moreover, many emerging companies such as Stealth BioTherapeutics Inc. (US), Ocular Therapeutix, Inc. (US), and Opthea Limited, Inc. (Australia) among others are developing novel modalities for the treatment of wet AMD further supporting the large share of this disease in the AMD market.
North America was the largest regional market for Age-Related Macular Degeneration (AMD) therapies in 2023.
Based on geography, the Age-Related Macular Degeneration (AMD) drugs market is segmented into North America, Europe, Asia Pacific, Latin America, the Middle East, and Africa. In 2023, North America accounted for the largest share of the Age-Related Macular Degeneration (AMD) drugs market, followed by Europe and the Asia Pacific. The large share of the North American Age-Related Macular Degeneration (AMD) drug market can be attributed to factors such as the rising prevalence of AMD cases in the US leading to a rise in the health care spending in the region. The increase in the approvals of AMD drugs in the regions also supports the large share of the market, with major drug-developing companies conducting clinical trials in the US for the approval of their pipeline drugs. Moreover, the presence of major pharmaceutical companies and research institutes focusing on the development of novel therapies for AMD in the region further supports the large share of the North American AMD market.
Key players in the Age-Related Macular Degeneration (AMD) drugs market include Regeneron Pharmaceuticals Inc. (US), Bayer AG (Germany), F. Hoffmann-La Roche Ltd (Switzerland), Novartis AG (Switzerland), Apellis Pharmaceuticals (US), Coherus BioSciences (US), Astellas Pharma Inc. (Japan), Biogen (US), STADA Arzneimittel AG (Germany), Formycon AG (Germany), Biocon. (India), Outlook Therapeutics, Inc. (US), Intas Pharmaceuticals Ltd. (India), Teva Pharmaceutical Industries Ltd. (Israel), Chengdu Kanghong Biotech Company (China), and Sandoz Group AG (Switzerland).
About MarketsandMarkets™
MarketsandMarkets™ provides quantified B2B research on 30,000 high growth niche opportunities/threats which will impact 70% to 80% of worldwide companies’ revenues. Currently servicing 7500 customers worldwide including 80% of global Fortune 1000 companies as clients. Almost 75,000 top officers across eight industries worldwide approach MarketsandMarkets™ for their painpoints around revenues decisions.
Our 850 fulltime analyst and SMEs at MarketsandMarkets™ are tracking global high growth markets following the "Growth Engagement Model – GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors. MarketsandMarkets™ now coming up with 1,500 MicroQuadrants (Positioning top players across leaders, emerging companies, innovators, strategic players) annually in high growth emerging segments. MarketsandMarkets™ is determined to benefit more than 10,000 companies this year for their revenue planning and help them take their innovations/disruptions early to the market by providing them research ahead of the curve.
MarketsandMarkets’s flagship competitive intelligence and market research platform, "Knowledgestore" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets.
Contact:
Mr. Rohan Salgarkar
MarketsandMarkets™ INC.
1615 South Congress Ave.
Suite 103, Delray Beach, FL 33445
USA : 1-888-600-6441
[email protected]
- Triangulate with your Own Data
- Get Data as per your Format and Definition
- Gain a Deeper Dive on a Specific Application, Geography, Customer or Competitor
- Any level of Personalization
- What are the Known and Unknown Adjacencies Impacting the Age-related Macular Degeneration (AMD) Drugs Market
- What will your New Revenue Sources be?
- Who will be your Top Customer; what will make them switch?
- Defend your Market Share or Win Competitors
- Get a Scorecard for Target Partners
