The latest research study “Macular Degeneration Treatment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” by IMARC Group, finds that the global macular degeneration treatment market size reached US$ 8.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 12.9 Billion by 2028, exhibiting a growth rate (CAGR) of 6.2% during 2023-2028.

Macular degeneration is to a neurodegenerative ocular disorder that causes retinal damage and a blurred or complete loss of vision in the center of the visual field. Some commonly used treatment methods for macular degeneration are anti-angiogenic medications, contact lenses, transitional lenses, and photodynamic laser therapies. It is characterized by visual distortion, blind spots in the field of vision, and the inability to see in poor lighting. In recent years, macular generation treatment has gained immense popularity across the globe as it can improve vision and reduce the chances of developing chronic blindness. 

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Macular Degeneration Treatment Market Trends and Drivers:

The global macular degeneration treatment market is primarily driven by the increasing prevalence of retinal disorders and the expanding geriatric population that is more susceptible to developing age-related macular degeneration. Additionally, prolonged screen time due to the rising usage of cell phones, laptops, and television is contributing to the development of the macular generation, which has augmented the demand for its treatment. 

Moreover, several key players are extensively investing in research and development (R&D) activities to launch innovative and effective drugs. In line with this, the introduction of retinal gene therapies that involve injecting adeno-associated virus (AAV) into the body to prevent abnormal blood vessel growth is positively influencing the market growth. 

Other factors, including the escalating demand for biosimilar drugs, favorable government initiatives promoting public health, and improving healthcare infrastructure, are also anticipated to propel market growth.
 
Global Macular Degeneration Treatment Market 2023-2028 Analysis and Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.

Aerie Pharmaceuticals Inc., Bausch Health Companies Inc., Bayer AG, F. Hoffmann-La Roche Ltd, Iveric Bio Inc., Novartis AG, Panoptica, Pfizer Inc., Phio Pharmaceuticals, Regeneron Pharmaceuticals Inc., Regenxbio Inc. and Santen Pharmaceutical Co. Ltd. 

The report has segmented the market on the basis of region, type, stage of disease, route of administration and end user.

Breakup by Type:
•    Dry Age-related Macular Degeneration
•    Wet Age-related Macular Degeneration

Breakup by Stage of Disease:
•    Early Stage
•    Intermediate Stage
•    Late Stage

Breakup by Route of Administration:
•    Intravenous Route
•    Intravitreal Route

Breakup by End User:
•    Hospitals
•    Ambulatory Surgical Center
•    Others

Breakup by Region:
•    North America: (United States, Canada)
•    Asia Pacific: (China, Japan, India, South Korea, Australia, Indonesia, Others)
•    Europe: (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
•    Latin America: (Brazil, Mexico, Others)
•    Middle East and Africa

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Key highlights of the report:
•    Market Performance (2017-2022)
•    Market Outlook (2023- 2028)
•    Porter’s Five Forces Analysis
•    Market Drivers and Success Factors
•    SWOT Analysis
•    Value Chain
•    Comprehensive Mapping of the Competitive Landscape

If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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