info@marketresearchfuture.com   📞 +1 (855) 661-4441(US)   📞 +44 1720 412 167(UK)   📞 +91 2269738890(APAC)
Certified Global Research Member
Isomar 1 Iso 1
Key Questions Answered
  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
Why Choose Market Research Future?
  • Vigorous research methodologies for specific market.
  • Knowledge partners across the globe
  • Large network of partner consultants.
  • Ever-increasing/ Escalating data base with quarterly monitoring of various markets
  • Trusted by fortune 500 companies/startups/ universities/organizations
  • Large database of 5000+ markets reports.
  • Effective and prompt pre- and post-sales support.

Global Age-Related Macular Degeneration Market Research Report By Type (Dry Age-Related Macular Degeneration, Wet Age-Related Macular Degeneration, Geographic Atrophy), By Treatment Method (Anti-VEGF Therapy, Photodynamic Therapy, Laser Surgery, Nutritional Supplements), By Distribution Channel (Hospitals, Optical Clinics, Retail Pharmacies, Online Pharmacies), By Patient Demographics (Elderly Patients, Middle-Aged Patients, Genetic Predisposition) andBy Regional (North America, Europe, South America, Asia Pacific, Middle East and Africa)-


ID: MRFR/Pharma/4281-CR | 145 Pages | Author: Rahul Gotadki| February 2021

Age-Related Macular Degeneration Market Overview:


As per MRFR analysis, the Age-Related Macular Degeneration Market Size was estimated at 8.89 (USD Billion) in 2024.The Age-Related Macular Degeneration Market Industry is expected to grow from 9.28(USD Billion) in 2025 to 14.8 (USD Billion) by 2035. The Age-Related Macular Degeneration Market CAGR (growth rate) is expected to be around 4.34% during the forecast period (2025 - 2035).


Key Age-Related Macular Degeneration Market Trends Highlighted


The Global Age-Related Macular Degeneration (AMD) Market is currently influenced by several key market drivers, with an increasing aging population standing out as a primary factor. As life expectancy rises across the globe, there is a notable rise in the prevalence of age-related eye diseases, particularly AMD. Governments are recognizing the impact of this public health challenge, leading to initiatives aimed at improving awareness and increasing funding for AMD research and treatment options. 


Additionally, advancements in technology, such as the development of novel therapies and the use of telemedicine for patient monitoring, are shaping the landscape of AMD care, making treatment more accessible and effective.Opportunities to be explored in the Global AMD Market include the growing focus on preventive care and early diagnosis. Enhanced screening programs and digital health solutions offer potential to capture untapped segments of the population who may be at risk. Collaboration between pharmaceutical companies, healthcare providers, and research institutions can lead to innovative treatment methods, fostering growth within the market. 


Trends in recent times showcase a shift towards personalized medicine, with therapies tailored to the individual's specific needs. There is also an increased interest in dietary supplements and lifestyle changes that could help mitigate the risks associated with AMD.Furthermore, global health organizations are emphasizing the importance of education on the disease promoting initiatives that empower patients and healthcare professionals alike. Such trends indicate a dynamic evolution of the Global Age-Related Macular Degeneration Market, driven by both necessity and opportunity for improvement in patient outcomes.


Age Related Macular Degeneration Market size


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Age-Related Macular Degeneration Market Drivers


Increasing Global Aging Population


The Global Age-Related Macular Degeneration Market Industry is significantly driven by the increasing aging population worldwide. According to the World Health Organization, the global population aged 60 years and older is projected to reach 2.1 billion by 2050, doubling from 1 billion in 2020. This demographic shift is crucial as age is a primary risk factor for age-related macular degeneration (AMD). 


With age-related eye diseases expected to grow, organizations like the International Agency for the Prevention of Blindness are emphasizing the importance of eye health in older adults.Such focus on AMD from health organizations is likely to accelerate demand for treatments and interventions, contributing to market growth. Furthermore, as life expectancy rises, more individuals will experience conditions such as AMD, thus increasing healthcare needs and subsequently driving the market for AMD solutions globally.


Technological Advancements in Treatment Options


The Global Age-Related Macular Degeneration Market Industry is benefitting from rapid technological advancements in treatment options. New therapies and drugs are being developed through innovative Research and Development initiatives by notable pharmaceutical companies. For instance, novel therapies such as Anti-VEGF (Vascular Endothelial Growth Factor) treatments have shown efficacy in slowing down the progression of wet age-related macular degeneration.


The widespread adoption of such cutting-edge treatments is encouraging as healthcare systems seek to improve patient outcomes. Organizations like the American Academy of Ophthalmology report that advanced imaging technologies and minimally invasive surgical techniques are further enhancing diagnosis and treatment protocols. This evolution in treatment methodologies highlights the intense focus on combating AMD and is crucial for the growth of the Global Age-Related Macular Degeneration Market.


Rising Healthcare Expenditure


An increase in global healthcare expenditure correlates directly with the growth of the Global Age-Related Macular Degeneration Market Industry. According to the World Bank, global healthcare spending has been on the rise, accounting for approximately 10% of global GDP as of 2021. As countries invest more in their healthcare systems, there is greater accessibility to advanced care, including treatments for age-related issues like macular degeneration.Governments and healthcare providers are prioritizing eye care as part of their public health agendas due to the need for early diagnosis and treatment options for AMD. This emphasis not only supports patient management but essentially boosts the market potential for AMD interventions. The correlation between increased spending and the availability of better AMD treatment reflects the positive traction expected in the market.


Growing Awareness of Eye Health


The Global Age-Related Macular Degeneration Market Industry is also propelled by a growing awareness of eye health among the public. Health initiatives and campaigns led by organizations like the World Health Organization and local health departments aim to improve knowledge regarding the risks of age-related macular degeneration. Educational efforts are instrumental in alerting individuals, especially those over 50, about the symptoms and preventative measures associated with AMD.This increased awareness can lead to earlier diagnosis and treatment, fostering a proactive approach to eye health. As campaigns gain traction globally, more individuals are likely to seek eye examinations, thereby creating a higher demand for AMD treatments and consequently affirming the growth potential for the Global Age-Related Macular Degeneration Market.


Age-Related Macular Degeneration Market Segment Insights:


Age-Related Macular Degeneration Market Type Insights


The Global Age-Related Macular Degeneration Market is a growing landscape, particularly segmented by type into Dry Age-Related Macular Degeneration, Wet Age-Related Macular Degeneration, and Geographic Atrophy. As the market is expected to be valued at 9.28 billion USD in 2024, this segmentation plays a critical role in understanding the dynamics of market growth. Dry Age-Related Macular Degeneration, projected to hold a significant market share, is valued at approximately 3.72 billion USD in 2024, with an anticipated growth to around 6.0 billion USD by 2035, indicating its prevalence among age-related eye conditions. This sub-type is characterized by the gradual deterioration of the macula and is the most common form, making it crucial for the industry’s landscape.


Wet Age-Related Macular Degeneration, another critical segment of the market, is expected to be valued at around 4.5 billion USD in 2024, with a forecasted increase to 6.75 billion USD by 2035. This type is often more severe due to abnormal blood vessel growth under the retina can lead to rapid vision loss, which emphasizes a growing demand for effective treatments as the global population ages. The considerable value and growth trajectory associated with Wet Age-Related Macular Degeneration further highlight its importance in the global market, as it reflects the urgent need for innovative therapies and enhanced Research and Development focus within the Global Age-Related Macular Degeneration Market industry.


Geographic Atrophy, while being the smallest segment, represents a significant area of concern as it accounts for a valuation of approximately 1.06 billion USD in 2024, expected to grow to 2.05 billion USD by 2035. This type involves advanced stages of dry age-related macular degeneration and is characterized by the progressive degeneration of retinal cells, which can lead to irreversible vision loss. The increase in awareness and the anticipated rise in prevalence of geographic atrophy due to the aging population could drive market demand for early diagnosis and novel therapeutic interventions.Overall, the growth drivers within the Global Age-Related Macular Degeneration Market are influenced by factors such as an aging global population, advancements in medical technologies, and a rising emphasis on precision medicine. Challenges in the market include the high costs associated with treatment and the need for extensive patient education regarding the disease. Nevertheless, there are ample opportunities for innovation in treatment options, notably in the management and potential reversal of these degenerative conditions. The segmentation by type enriches the Global Age-Related Macular Degeneration Market data and offers insight into specific treatment needs, thus facilitating healthcare strategies aimed at addressing the needs of affected populations globally.


Age Related Macular Degeneration Market Region


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Age-Related Macular Degeneration Market Treatment Method Insights


This market is currently experiencing various transformative trends driven by advancements in therapy developments, an aging population, and rising awareness of eye health. The Treatment Method segment encompasses various approaches such as Anti-VEGF Therapy, which has gained popularity for its efficacy in managing neovascular age-related macular degeneration.Photodynamic Therapy is also notable for its ability to destroy abnormal blood vessels and preserve vision. Other methods like Laser Surgery provide quick interventions, while Nutritional Supplements are recognized for their preventive role in managing the disease through dietary interventions. The diversity in treatment approaches contributes to a robust market landscape, with Anti-VEGF therapy showcasing a dominant share due to its effectiveness and increasing adoption worldwide. Overall, the Global Age-Related Macular Degeneration Market segmentation reflects a broad scope of opportunities for innovation and growth as stakeholders work to enhance patient care and outcomes in this significant healthcare area.


Age-Related Macular Degeneration Market Distribution Channel Insights


The Global Age-Related Macular Degeneration Market reflects significant growth across various Distribution ChannelsWithin this domain, Hospitals and Optical Clinics are essential as they provide specialized treatment and direct access to ophthalmic professionals, which enhances patient outcomes. Retail Pharmacies also play a crucial role by ensuring that patients have easier access to necessary medications and eye care products in their local vicinity.Meanwhile, Online Pharmacies are gaining traction due to the increased convenience of purchasing health products remotely, further driving the market. 


The rising prevalence of age-related macular degeneration, combined with an aging population globally, fosters a need for efficient distribution channels to reach patients effectively. This dynamic landscape contributes to the overall Global Age-Related Macular Degeneration Market revenue, where the segmentation illustrates varying degrees of accessibility and patient engagement across the different channels.With market trends highlighting the shift toward digital health platforms, Online Pharmacies are poised to benefit from changing consumer preferences for online shopping, making them a significant player in the market. Additionally, patient education and awareness campaigns bolster market growth by promoting regular eye examinations, thus validating the importance of all distribution channels in improving overall eye health.


Age-Related Macular Degeneration Market Patient Demographics Insights


The Global Age-Related Macular Degeneration Market is experiencing notable growth, primarily driven by its diverse Patient Demographics. Among the specific demographics, elderly patients represent a significant portion due to their higher susceptibility to age-related eye diseases, making them a priority segment for therapeutic innovations. Additionally, middle-aged patients are becoming more relevant as lifestyle factors and genetic predisposition contribute to early-onset cases.


Notably, individuals with a genetic predisposition are crucial in the understanding and development of targeted therapies in the Global Age-Related Macular Degeneration Market, as they may require specialized intervention. This segmentation not only highlights the varying needs of different demographics but also emphasizes the importance of tailored healthcare solutions in addressing the unique challenges posed by age-related macular degeneration. As this market evolves, opportunities lie in enhancing patient education and developing advanced treatment options to cater to these distinct groups.Overall, the Global Age-Related Macular Degeneration Market statistics underscore the vital role of patient demographics in shaping future healthcare strategies.


Age-Related Macular Degeneration Market Regional Insights


The Global Age-Related Macular Degeneration Market is anticipated to witness significant growth across various regions, with North America leading the way. In 2024, North America is expected to hold a valuation of 4.0 USD Billion, representing a majority holding within the regional market, and by 2035, this valuation is projected to increase to 6.3 USD Billion. Europe follows as another critical market, valued at 2.8 USD Billion in 2024 and projected to reach 4.5 USD Billion by 2035, underscoring its importance in the Global Age-Related Macular Degeneration Market industry.


The Asia-Pacific (APAC) region, valued at 1.8 USD Billion in 2024, is set to grow to 2.9 USD Billion by 2035, fueled by the increasing prevalence of vision-related issues among the aging population. Meanwhile, South America and the Middle East and Africa (MEA) present growing opportunities, with South America expected to reach 0.7 USD Billion in 2024 and 1.2 USD Billion by 2035, while MEA is projected to grow from 0.98 USD Billion in 2024 to 1.9 USD Billion by 2035. Overall, the growth across these regions indicates a rising demand for advanced treatment options, driven by increasing awareness and technological advancements in the Global Age-Related Macular Degeneration Market.


Age Related Macular Degeneration Market Region


Source: Primary Research, Secondary Research, MRFR Database and Analyst Review


Age-Related Macular Degeneration Market Key Players and Competitive Insights:


The Global Age-Related Macular Degeneration Market is marked by significant competition driven by the increasing prevalence of this condition among the aging population. As the global demographic continues to shift, particularly with an expanding elderly population, products and services geared towards the prevention and treatment of age-related macular degeneration are becoming more critical. The market is characterized by a wide variety of stakeholders, including pharmaceutical companies, biotechnology firms, and medical device manufacturers. Each competitor focuses on innovative therapies, ranging from drug development to advanced diagnostic tools and technologies. 


The competitive landscape is further intensified by strategic alliances, partnerships, and collaborations aimed at enhancing research capabilities and expanding market access. In this dynamic environment, understanding the strengths and strategies of key players is essential for navigating market challenges and leveraging growth opportunities.Eyenuk stands out in the Global Age-Related Macular Degeneration Market due to its innovative approach to early detection and management of this chronic eye disease. 


The company specializes in artificial intelligence solutions that enhance screening processes, making it easier to identify macular degeneration in its early stages. Eyenuk's strengths lie in its advanced technology that can analyze retinal images with high accuracy and speed, allowing for timely intervention, which is critical in slowing down disease progression. By effectively reducing the burden on healthcare providers and improving patient outcomes, Eyenuk has established a solid reputation within the market. The company is well-positioned for growth, especially as awareness about the importance of early diagnosis continues to rise, highlighting its significant presence in the competitive landscape.Pfizer's presence in the Global Age-Related Macular Degeneration Market is marked by its extensive portfolio of therapies aimed at treating various ocular diseases, including age-related macular degeneration. 


The company has developed key products that focus on addressing both wet and dry forms of the disease, contributing to their well-rounded offerings in this area. Pfizer's strengths include its strong R&D capabilities, which enable it to innovate continuously within the market, along with a solid track record of successful mergers and acquisitions that have strengthened its market position. These strategic moves have allowed Pfizer to enhance its product pipeline and expand its reach, ensuring that it is at the forefront of advancements in treatment options. The company's commitment to research and development, coupled with its established market presence, positions it favorably in the competitive landscape of the Global Age-Related Macular Degeneration Market.


Key Companies in the Age-Related Macular Degeneration Market Include:




    • Eyenuk





    • Pfizer





    • Apellis Pharmaceuticals





    • Horizon Therapeutics





    • Iveric Bio





    • Roche





    • EyePoint Pharmaceuticals





    • KAZIA Therapeutics





    • Oxurion






    • Novartis





    • Regeneron Pharmaceuticals





    • Graybug Vision





    • Bayer





    • Allergan



Age-Related Macular Degeneration Market Industry Developments


Recent advancements in the Global Age-Related Macular Degeneration (AMD) Market include an increased focus on novel therapeutic approaches by leading companies. Eyenuk has been developing artificial intelligence solutions for the early diagnosis of AMD, showing promising results in clinical settings. Pfizer and Apellis Pharmaceuticals continue to push forward with their Research and Development efforts, particularly focused on complement inhibitors, which have gained attention for their potential in treating wet AMD.


In terms of acquisitions, Horizon Therapeutics announced its intention to acquire a biotechnology asset that may enhance its portfolio in the AMD space in July 2023, a move that reflects the ongoing consolidation trends among firms like Regeneron Pharmaceuticals and Novartis that have also strengthened their product offerings. The market has been witnessing a notable increase in valuations driven by the rise in research funding and a surge in demand for innovative therapies, with significant investments pouring into companies like EyePoint Pharmaceuticals and Iveric Bio. Major developments over the last few years include the launch of new treatments that have considerably changed patient management strategies since mid-2022, further solidifying the AMD market's growth trajectory on a global scale.


 


Age-Related Macular Degeneration Market Segmentation Insights


Age-Related Macular Degeneration Market Type Outlook




    • Dry Age-Related Macular Degeneration





    • Wet Age-Related Macular Degeneration





    • Geographic Atrophy



Age-Related Macular Degeneration Market Treatment Method Outlook




    • Anti-VEGF Therapy





    • Photodynamic Therapy





    • Laser Surgery





    • Nutritional Supplements



Age-Related Macular Degeneration Market Distribution Channel Outlook




    • Hospitals





    • Optical Clinics





    • Retail Pharmacies





    • Online Pharmacies



Age-Related Macular Degeneration Market Patient Demographics Outlook




    • Elderly Patients





    • Middle-Aged Patients





    • Genetic Predisposition



Age-Related Macular Degeneration Market Regional Outlook




    • North America





    • Europe





    • South America





    • Asia Pacific





    • Middle East and Africa


Report Attribute/Metric Source: Details
MARKET SIZE 2023 8.89(USD Billion)
MARKET SIZE 2024 9.28(USD Billion)
MARKET SIZE 2035 14.8(USD Billion)
COMPOUND ANNUAL GROWTH RATE (CAGR) 4.34% (2025 - 2035)
REPORT COVERAGE Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
BASE YEAR 2024
MARKET FORECAST PERIOD 2025 - 2035
HISTORICAL DATA 2019 - 2024
MARKET FORECAST UNITS USD Billion
KEY COMPANIES PROFILED Eyenuk, Pfizer, Apellis Pharmaceuticals, Horizon Therapeutics, Iveric Bio, Roche, EyePoint Pharmaceuticals, KAZIA Therapeutics, Oxurion, Santen Pharmaceutical, Novartis, Regeneron Pharmaceuticals, Graybug Vision, Bayer, Allergan
SEGMENTS COVERED Type, Treatment Method, Distribution Channel, Patient Demographics, Regional
KEY MARKET OPPORTUNITIES Growing geriatric population, Advancements in treatment modalities, Increasing awareness and diagnosis, Rising healthcare expenditure, Emerging telemedicine solutions
KEY MARKET DYNAMICS Rising elderly population, Increasing prevalence of AMD, Advancements in treatment options, Growing awareness and screening, Technological innovations in diagnostics
COUNTRIES COVERED North America, Europe, APAC, South America, MEA


Frequently Asked Questions (FAQ) :

The Global Age-Related Macular Degeneration Market is expected to be valued at 9.28 billion USD in 2024.

By 2035, the market value for Dry Age-Related Macular Degeneration is projected to reach 6.0 billion USD.

The market is expected to grow at a CAGR of 4.34% from 2025 to 2035.

North America is anticipated to dominate the market with a value of 4.0 billion USD in 2024.

The market value for Wet Age-Related Macular Degeneration is expected to reach 6.75 billion USD by 2035.

Key competitors include Eyenuk, Pfizer, Apellis Pharmaceuticals, and Regeneron Pharmaceuticals among others.

The market size for Geographic Atrophy is projected to be valued at 1.06 billion USD in 2024.

The market size for Europe is forecasted to reach 4.5 billion USD by 2035.

The APAC region is expected to be valued at 2.9 billion USD by 2035.

The market in the Middle East and Africa is projected to reach 1.9 billion USD by 2035.

Leading companies partner with us for data-driven Insights.

clients

Kindly complete the form below to receive a free sample of this Report

We do not share your information with anyone. However, we may send you emails based on your report interest from time to time. You may contact us at any time to opt-out.

Tailored for You
  • Dedicated Research on any specifics segment or region.
  • Focused Research on specific players in the market.
  • Custom Report based only on your requirements.
  • Flexibility to add or subtract any chapter in the study.
  • Historic data from 2014 and forecasts outlook till 2040.
  • Flexibility of providing data/insights in formats (PDF, PPT, Excel).
  • Provide cross segmentation in applicable scenario/markets.
report-img