Neovascular Age-Related Macular Degeneration Treatment Market Report and Forecast 2024-2032

Neovascular Age-Related Macular Degeneration Treatment Market Report and Forecast 2024-2032

Neovascular Age-Related Macular Degeneration Treatment Market Outlook

The neovascular age-related macular degeneration treatment market was valued at USD 11 billion in 2023. The market size is anticipated to grow at a CAGR of 7.5% during the forecast period of 2024-2032 to achieve a value of USD 21.1 billion by 2032.

Neovascular Age-Related Macular Degeneration Treatment: Introduction

Neovascular Age-Related Macular Degeneration (nAMD) is a progressive eye condition that affects the macula, the central part of the retina responsible for sharp, central vision. It is a leading cause of severe vision loss and blindness among individuals over the age of 50. The condition is characterized by the growth of abnormal blood vessels beneath the macula, which can leak fluid and blood, leading to vision impairment. In a healthy eye, the macula receives a steady supply of oxygen and nutrients through a network of blood vessels. However, in nAMD, abnormal blood vessels start to grow beneath the macula. These new blood vessels are fragile and leak fluid and blood, leading to damage and scarring of the macula. This, in turn, causes distorted or blurry vision, difficulty recognizing faces or reading, and a loss of central vision.

Key Trends in Neovascular Age-Related Macular Degeneration Treatment Market

Key trends in the Neovascular Age-Related Macular Degeneration (nAMD) treatment market are:

• Anti-vascular endothelial growth factor (anti-VEGF) therapies have been the mainstay of treatment for nAMD. Ongoing research and development efforts focus on improving the efficacy and durability of these therapies.
• Researchers are exploring combination therapies to enhance the treatment outcomes in nAMD. These combinations may involve the use of anti-VEGF agents with other drugs, such as anti-inflammatory agents or angiogenesis inhibitors, to target multiple pathways involved in the development and progression of nAMD.
• Gene therapies hold promise for the treatment of nAMD. These therapies involve the delivery of genetic material to the retinal cells to modulate the production of specific proteins involved in the disease process.
• Researchers are investigating sustained drug delivery systems that can provide a continuous and controlled release of anti-VEGF drugs over an extended period. These systems can reduce the burden of frequent injections and improve patient compliance.

Neovascular Age-Related Macular Degeneration Treatment Market Segmentations

The market can be categorized into drug type, disease type, age group, disease stage, gender, distribution channel, and region.

Market Breakup by Drug Type

• Ranibizumab
• Aflibercept
• Bevacizumab
• Brolucizumab
• Faricimab
• Others

Market Breakup by Disease Type

• Dry AMD
• Wet AMD

Market Breakup by Age Group

• Market Overview
• Less Than 60
• Between 60 to 80
• More Than 80

Market Breakup by Disease Stage

• Market Overview
• Early-Stage AMD
• Intermediate Stage AMD
• Late-Stage AMD

Market Breakup by Gender

• Male
• Female

Market Breakup by Distribution Channel

• Hospital Pharmacy
• Retail Pharmacy
• Online Pharmacy

Market Breakup by Region -7MM

• United States
• EU-4 and the United Kingdom

Germany

France

Italy

Spain

United Kingdom

• Japan

Neovascular Age-Related Macular Degeneration Treatment Market Overview

The nAMD treatment market has witnessed significant growth in recent years, driven by factors such as the increasing prevalence of nAMD, the aging population, and advancements in treatment options. The market is focused on providing effective therapies to slow down disease progression, improve visual outcomes, and enhance the quality of life for patients. There is a growing emphasis on early detection and diagnosis of nAMD to initiate timely treatment and improve visual outcomes. Regular eye examinations, coupled with advances in imaging technologies like optical coherence tomography (OCT) and fluorescein angiography (FA), contribute to early detection and monitoring of the disease.

Geographically, North America has been the largest market for nAMD treatment, primarily due to the high prevalence of the disease and well-established healthcare infrastructure. Europe has also shown significant market growth, driven by a growing elderly population. In the Asia-Pacific region, countries like China and India are witnessing increasing market growth due to improved healthcare facilities, rising awareness, and a growing patient population.

Key Players in the Neovascular Age-Related Macular Degeneration Treatment Market

The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the neovascular age-related macular degeneration treatment market are as follows:

• F. Hoffmann-La Roche Ltd
• Bausch & Lomb
• Novartis AG
• Pfizer, Inc.
• AbbVie Inc.
• Santen Pharmaceutical Co., Ltd.
• Ophthotech Corporation
• Alimera Sciences
• GSK plc.
• Bayer AG

We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.