Age Related Macular Degeneration Market Summary
As per MRFR Analysis, the Age-Related Macular Degeneration (AMD) Market is projected to grow significantly, driven by an increasing aging population and advancements in treatment options. The market was valued at 8.89 USD Billion in 2024 and is expected to reach 14.8 USD Billion by 2035, reflecting a CAGR of 4.78% from 2025 to 2035. Key drivers include rising healthcare expenditure and growing awareness of eye health, which are crucial for early diagnosis and treatment.
Key Market Trends & Highlights
The Global Age-Related Macular Degeneration Market is influenced by several key trends.
- The global population aged 60 years and older is projected to reach 2.1 billion by 2050, doubling from 1 billion in 2020.
- Dry AMD is expected to grow from 3.72 USD Billion in 2024 to 6.0 USD Billion by 2035.
- Wet AMD is projected to increase from 4.5 USD Billion in 2024 to 6.75 USD Billion by 2035.
- North America is expected to hold a market valuation of 4.0 USD Billion in 2024, increasing to 6.3 USD Billion by 2035.
Market Size & Forecast
2024 Market Size: USD 8.89 Billion
2035 Market Size: USD 14.8 Billion
CAGR (2025-2035): 4.78%
Largest Regional Market Share in 2024: North America
Major Players
Key companies include Eyenuk, Pfizer, Apellis Pharmaceuticals, Horizon Therapeutics, Iveric Bio, Roche, EyePoint Pharmaceuticals, KAZIA Therapeutics, Oxurion, Santen Pharmaceutical, Novartis, Regeneron Pharmaceuticals, Graybug Vision, Bayer, and Allergan.
Key Age-Related Macular Degeneration Market Trends Highlighted
There are big changes in the Global Age-Related Macular Degeneration (AMD) industry that will affect its future. The growing number of older people throughout the world is one of the main drivers of the industry. As people live longer, more of them are likely to have age-related eye illnesses like AMD. This change in demographics is making healthcare systems and drug corporations put AMD research and development at the top of their lists of things to do. Additionally, improvements in diagnostic tools like imaging and genetic testing are making it easier to find and treat problems early, which is also helping the industry develop. The emergence of new treatment alternatives, such as gene therapy and combination medicines, is also creating opportunities in the Global AMD market.
There is an increasing need for goods and services in this industry as research finds novel methods to treat and cure the consequences of AMD. Health organisations are also focusing on preventive measures and public awareness campaigns since lifestyle-related risk factors like obesity and smoking are becoming more common. These efforts may help patients stay involved in their treatment and stick to their plans. There has been a clear move towards personalised therapy in the treatment of AMD in recent years. Therapies are getting more personalised as we learn more about genetic predispositions and how people respond to therapy. This leads to improved results.
Also, telemedicine is becoming more common in patient care. This lets doctors and patients talk and check in with each other from different places, which may make it easier for people in different areas to see experts. Overall, the Age-Related Macular Degeneration Market is changing quickly because of changes in demographics, advances in technology, and a rising focus on personalised healthcare solutions.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Age-Related Macular Degeneration Market Drivers
Aging Global Population
The Age-Related Macular Degeneration Market Industry is witnessing significant growth driven by the increasing aging population worldwide. According to the World Health Organization, the number of people aged 60 years and older is projected to reach 2 billion by 2050, up from 1 billion in 2020. This demographic shift is particularly pronounced in developed countries, where a larger segment of the population is aging. The rising incidence of age-related diseases, including age-related macular degeneration, is a direct consequence of this demographic trend.
Organizations such as the International Agency for the Prevention of Blindness are actively raising awareness about age-related vision impairment, which is expected to spur demand for effective treatments and management options within the Age-Related Macular Degeneration Market Industry.
Advancements in Medical Technology
Technological advancements play a crucial role in the growth of the Age-Related Macular Degeneration Market Industry. The development of innovative diagnostic and therapeutic solutions has improved the management of age-related macular degeneration. According to the U.S. Food and Drug Administration, various new treatments and devices for eye diseases have received approval in recent years, enhancing patient outcomes. For instance, novel intravitreal injections and laser therapies are now available, which offer more effective and minimally invasive treatment options.
Organizations such as the American Academy of Ophthalmology support research in these advanced treatment modalities, thereby contributing to the acceleration of market growth.
Increased Awareness and Screening Initiatives
The increasing awareness of age-related macular degeneration and the importance of early detection is significantly boosting the Age-Related Macular Degeneration Market Industry. Campaigns led by organizations such as the National Eye Institute in the United States have focused on educating the public about the risks of this disease and the available screening options. As a result, more individuals are seeking eye examinations, leading to higher diagnoses of age-related macular degeneration.
The Centers for Disease Control and Prevention reported that regular eye exams can reduce vision loss, contributing to a greater focus on preventive care. This heightened awareness is expected to increase demand for treatments and services in the market.
Rising Healthcare Expenditure
Healthcare expenditure, particularly on ophthalmic care, is on the rise globally, propelling the Age-Related Macular Degeneration Market Industry. The World Bank suggests that the average healthcare spending per capita increased significantly over the last decade, with many countries investing heavily in healthcare infrastructure and services. This influx of funds not only enhances patient access to necessary treatments but also encourages Research and Development efforts from pharmaceutical companies and medical institutions.
Organizations such as the World Council of Optometry are advocating for better funding in eye care services, which will likely lead to improved treatment options for age-related macular degeneration, thus driving market expansion.
Age-Related Macular Degeneration Market Segment Insights
Age-Related Macular Degeneration Market Type Insights
In the Age-Related Macular Degeneration Market, a notable emphasis is placed on the Type segmentation, which comprises Dry Age-Related Macular Degeneration, Wet Age-Related Macular Degeneration, and Geographic Atrophy. In 2024, the Dry Age-Related Macular Degeneration type is valued at 3.56 USD Billion and is expected to grow to 5.88 USD Billion by 2035, reflecting its majority holding and significance in terms of prevalence among the population affected by age-related eye disorders. This form of macular degeneration typically progresses slowly and accounts for approximately 90% of all cases, which emphasizes its relevance in the market landscape.
Meanwhile, Wet Age-Related Macular Degeneration, with a valuation of 4.02 USD Billion in 2024 set to increase to 6.61 USD Billion by 2035, is distinguished by its rapid progression and potential for acute vision loss, thus dominating the treatment market due to the urgency for advanced therapeutic options. This wet form represents a significant sector of the overall market, as its treatment often involves more complex and costly interventions. Additionally, the Geographic Atrophy type, valued at 1.31 USD Billion in 2024 and projected to grow to 2.31 USD Billion by 2035, accounts for a smaller segment but is gaining attention due to the rising awareness and demand for effective management strategies.
The growth in these segments is driven by factors such as increasing geriatric populations, advancements in diagnostic technologies, and rising healthcare expenditures. Furthermore, healthcare systems globally are focusing on early detection and preventive measures, which are crucial for managing these conditions effectively. The overall Age-Related Macular Degeneration Market revenue reflects the interconnectedness of these types, where each segment's growth presents opportunities for innovative research and development initiatives centered around treatment and intervention strategies.
Notably, as the market continues to evolve, understanding the distinct characteristics of Dry and Wet Age-Related Macular Degeneration will be essential for stakeholders looking to capitalize on trends in patient care and product development, further solidifying the significance of these segments in the Age-Related Macular Degeneration Market statistics. Overall, this segmentation presents a comprehensive view of the challenges and opportunities that exists within this rapidly evolving industry.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Age-Related Macular Degeneration Market Treatment Method Insights
The Age-Related Macular Degeneration Market focuses on various treatment methods that are crucial for managing this condition. As the market evolves, it was valued at 8.89 billion USD in 2024 and is projected to grow further, showcasing a strong demand for effective therapies. Within the Treatment Method segment, Anti-VEGF Therapy is notable for its widespread use due to its proven efficacy in halting disease progression. Photodynamic Therapy is also gaining traction as an innovative approach that targets abnormal blood vessels, demonstrating significant results for certain patient profiles.
Additionally, Laser Surgery remains a critical option, providing immediate intervention for advanced cases. Nutritional Supplements are increasingly recognized for their preventive role, as dietary interventions can potentially lower the risk of developing Age-Related Macular Degeneration. These methods collectively contribute to the rise of the Age-Related Macular Degeneration Market revenue, responding to the growing prevalence of the condition across various demographics. Understanding the Age-Related Macular Degeneration Market data highlights these treatment modalities as integral to improving patient outcomes and can lead to further advancements in the industry.
The statistics surrounding this market reflect the urgent need for comprehensive treatment solutions that cater to varying patient needs globally.
Age-Related Macular Degeneration Market Distribution Channel Insights
The Age-Related Macular Degeneration Market is witnessing notable growth in the Distribution Channel segment, which is integral for enhancing patient access to innovative treatments. By 2024, the market is set to achieve a valuation of 8.89 USD Billion, creating significant opportunities for various distribution channels. The segment is comprised of diverse channels such as Hospitals, Optical Clinics, Retail Pharmacies, and Online Pharmacies, each playing a crucial role in patient care and product availability. Hospitals often serve as primary care centers, providing essential services for advanced treatment options and specialized expertise, which reinforces their importance in the distribution landscape.
Optical Clinics act as specialized outlets focusing on eye care, driving patient referrals and fostering closer relationships with healthcare providers. Retail Pharmacies dominate in terms of accessibility, offering convenience for patients seeking immediate access to medications and related products. Meanwhile, the rise of Online Pharmacies has transformed how patients procure treatments, providing ease of access and fostering significant market penetration, especially in urban areas. This shifting distribution paradigm, combined with evolving patient expectations and a growing elderly demographic, is establishing a robust foundation for the Age-Related Macular Degeneration Market growth.
Age-Related Macular Degeneration Market Patient Demographics Insights
The Age-Related Macular Degeneration Market demonstrates a noteworthy focus on Patient Demographics, with critical categories including Elderly Patients, Middle-Aged Patients, and Genetic Predisposition. As of 2024, the overall market is expected to be valued at 8.89 USD Billion, reflecting a growing awareness and demand for effective treatments targeting this condition. The elderly population plays a pivotal role in this segment, as they are more susceptible to age-related diseases, including macular degeneration. Middle-aged patients also form a significant demographic as early intervention can significantly impact long-term health outcomes.
Additionally, individuals with genetic predisposition represent an essential subgroup, emphasizing the need for early screening and personalized treatment options. Growth drivers in this sector include advancements in Research and Development, increased healthcare spending, and a rising prevalence of risk factors associated with macular degeneration. However, challenges such as high treatment costs and healthcare access disparities remain prevalent. Overall, understanding the demographic factors influencing the Age-Related Macular Degeneration Market is crucial for developing targeted strategies and improving patient outcomes.
Age-Related Macular Degeneration Market Regional Insights
The Age-Related Macular Degeneration Market exhibits significant growth across various regions. In 2024, the market is set to be valued at 8.89 USD Billion, reflecting the substantial demand for treatment and management solutions for this prevalent condition. North America leads this market with a valuation of 3.56 USD Billion in 2024, projected to rise to 6.48 USD Billion by 2035, driven by advanced healthcare infrastructure and higher healthcare spending. Europe follows with a market valuation of 2.75 USD Billion in 2024, and expected to reach 4.92 USD Billion by 2035, indicating its strong healthcare systems and growing awareness.
In South America, the market is expected to grow from 0.67 USD Billion in 2024 to 1.19 USD Billion in 2035, reflecting an emerging need for age-related healthcare solutions. Asia Pacific showcases substantial potential as well, starting at 1.88 USD Billion in 2024 and anticipated to expand to 3.39 USD Billion by 2035, driven by a rapidly aging population. Lastly, the Middle East and Africa is projected to grow from 0.89 USD Billion in 2024 to 1.62 USD Billion by 2035, highlighting the increasing focus on healthcare development in these regions.
This regional analysis demonstrates the diverse market landscape for the Age-Related Macular Degeneration Market, with varying growth drivers and healthcare dynamics influencing each area.

Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Age-Related Macular Degeneration Market Key Players and Competitive Insights
The Age-Related Macular Degeneration Market is characterized by a rapidly evolving competitive landscape, primarily driven by the increasing prevalence of age-related macular degeneration (AMD), along with advancements in treatment options and a growing elderly population. The market dynamics are influenced by various factors, including innovation in drug development, regulatory changes, and the introduction of cutting-edge technologies. Companies operating within this space are constantly striving to capture market share and meet the rising demand for effective therapies. As businesses expand their product portfolios and strengthen their research and development initiatives, unique competitive advantages are formed, positioning players differently in the market. The collaboration between industry stakeholders, such as pharmaceutical companies, research institutions, and healthcare providers, further enhances the competitive insight, fostering an environment of continual growth and adaptation.
Regeneron Pharmaceuticals has established itself as a leading player in the Age-Related Macular Degeneration Market with a well-founded reputation for innovation and efficacy in its product offerings. The company's strength lies in its robust pipeline of advanced treatments, particularly its pioneering therapies for wet AMD, which have achieved significant clinical success. Regeneron's commitment to research and relentless pursuit of improving patient outcomes allows it to maintain a competitive edge. Furthermore, its strategic collaborations, partnerships, and investments in biotechnology enable the company to stay ahead in an increasingly competitive environment. The development of cutting-edge treatment modalities, combined with excellent brand recognition and strong clinical data, solidifies Regeneron's position in the global market, showcasing its role as a formidable competitor.
Novartis also plays a significant role in the Age-Related Macular Degeneration Market, recognized for its extensive portfolio that addresses the diverse needs of AMD patients. The company is renowned for its innovative therapies, which encompass both established and emerging treatments aimed at managing various forms of AMD. Novartis has reinforced its market presence through strategic mergers and acquisitions, enhancing its ability to deliver high-quality services and products. The company's strengths are also evident in its commitment to research and development, which enables Novartis to introduce novel therapies and maintain a competitive advantage. Moreover, Novartis engages in collaborations with healthcare systems and academic institutions, facilitating advancements in treatment approaches. Their emphasis on patient-centered solutions and a comprehensive product portfolio further augments their position in the global arena, allowing them to maintain leadership in the age-related macular degeneration therapeutics landscape.
Key Companies in the Age-Related Macular Degeneration Market Include
- Regeneron Pharmaceuticals
- Novartis
- Bayer
- Alcon
- Pfizer
- Roche
Age-Related Macular Degeneration Market Industry Developments
In recent months, the Age-Related Macular Degeneration Market has seen significant activity and developments. Companies such as Regeneron Pharmaceuticals and Novartis continue to lead in therapeutic innovation, with strides in anti-VEGF treatments improving patient outcomes. Bayer is also pushing forward with clinical trials aimed at developing novel therapies. In terms of mergers and acquisitions, Roche announced a strategic acquisition of a leading biotechnology firm focused on eye disease in November 2023, which aims to bolster its portfolio in the AMD space.
Over the past two years, significant efforts in Research and Development across the sector indicate a clear focus on enhancing both treatment options and patient care, driving a substantial upward trajectory in market growth and investment. Collaborative initiatives among these companies also hint at increasing partnerships to innovate solutions for age-related eye diseases globally.
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
|
Details
|
Market Size 2023
|
8.52(USD Billion)
|
Market Size 2024
|
8.89(USD Billion)
|
Market Size 2035
|
14.8(USD Billion)
|
Compound Annual Growth Rate (CAGR)
|
4.78% (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
|
Regeneron Pharmaceuticals, Novartis, Bayer, Alcon, Pfizer, Roche,
|
Segments Covered
|
Type, Treatment Method, Distribution Channel, Patient Demographics, Regional
|
Key Market Opportunities
|
Telehealth solutions for remote monitoring, Innovative drug therapies for AMD treatment, Advanced imaging technologies for diagnosis, Genetic testing for personalized treatment, Growing geriatric population requiring care
|
Key Market Dynamics
|
Increasing elderly population, Rising healthcare expenditure, Advancements in treatment options, Growing awareness and diagnosis, High prevalence of risk factors
|
Countries Covered
|
North America, Europe, APAC, South America, MEA
|
Frequently Asked Questions (FAQ) :
The Age-Related Macular Degeneration Market is expected to be valued at 8.89 USD Billion in 2024.
By 2035, the Age-Related Macular Degeneration Market is expected to be valued at 14.8 USD Billion.
The expected CAGR for the Age-Related Macular Degeneration Market from 2025 to 2035 is 4.78%.
North America holds the largest market share, valued at 3.56 USD Billion in 2024.
The European market for Age-Related Macular Degeneration is expected to be worth 4.92 USD Billion in 2035.
The expected market size for Dry Age-Related Macular Degeneration is 3.56 USD Billion in 2024.
Key players include Regeneron Pharmaceuticals, Novartis, Bayer, and Roche among others.
The Wet Age-Related Macular Degeneration segment is expected to be valued at 6.61 USD Billion in 2035.
The Asia Pacific region is expected to grow to 3.39 USD Billion by 2035, indicating strong opportunities.
The market faces challenges including regulatory hurdles and high treatment costs impacting accessibility.