Wet Age-Related Macular Degeneration Market Overview
The global Wet Age-Related Macular Degeneration market size is projected to grow from USD 8.42 billion in 2023 to USD 14.43 billion by 2030, exhibiting a CAGR of 8% during the forecast period.
Wet AMD (Age-Related Macular Degeneration) is a progressive eye disorder that typically affects older persons and can cause significant visual impairment. It is a kind of macular degeneration, which is a condition that damages the macula, the center region of the retina that is important for fine, detailed vision. Wet AMD, as opposed to the more frequent dry type of AMD, is characterized by the formation of aberrant blood vessels under the macula. These veins can leak blood and fluid, causing macula injury and significant vision loss. Wet AMD is frequently accompanied with unexpected central vision abnormalities, such as viewing straight lines as wavy or feeling a black or empty space in the middle of the visual field. To slow the course of the illness and maintain vision, wet AMD must be diagnosed and treated as soon as possible. Treatment may include anti-VEGF medicines,
laser therapy, or photodynamic therapy. Regular eye exams and early identification are critical in treating Wet AMD's influence on visual health.
The Wet Age-Related Macular Degeneration (Wet AMD) market is of great importance because it has a direct influence on the quality of life for those suffering from this severe eye illness. The prevalence of age-related macular degeneration is predicted to grow as the global population ages, emphasizing the significance of discovering effective therapies and interventions in the market. Addressing Wet AMD is critical since this kind of macular degeneration can cause quick and severe vision loss, greatly hindering everyday activities and reducing afflicted persons' total independence.
[caption id="attachment_34708" align="aligncenter" width="1920"]
Wet Age-Related Macular Degeneration Market | Exactitude Consultancy[/caption]
The Wet AMD market is critical for encouraging research and innovation, allowing for the development of new therapy alternatives. Pharmaceutical companies are developing anti-VEGF medicines and other therapies aimed to block aberrant blood vessel formation and maintain vision in people with Wet AMD. The ongoing evolution of these medicines indicates the market's dedication to improve patient outcomes and emphasizes the market's role in medical science advancement. Furthermore, the Wet AMD industry is critical to the economy, giving opportunity for healthcare professionals, academics, and pharmaceutical firms. The availability of effective therapies not only improves patient well-being, but also adds to the long-term viability of healthcare systems by lowering the financial burden associated with vision loss and the need for long-term care.
The market for Wet Age-Related Macular Degeneration (Wet AMD) is broad and evolving, driven by the increasing incidence of this vision-threatening disorder and advances in medical research and technology. As the world population ages, so does the demand for effective Wet AMD therapies. This market includes a wide range of medications, treatments, and diagnostic instruments targeted at preventing, managing, and treating the progression of Wet AMD. Market innovations include anti-VEGF drugs, which target the aberrant blood vessel development that underpins Wet AMD, as well as developing therapeutics that investigate alternative mechanisms of action to address the disease's complexity. Furthermore, diagnostic imaging technologies play an important role in the early identification and monitoring of Wet AMD, presenting prospects for growth in the market's diagnostic sector.
ATTRIBUTE |
DETAILS |
Study period |
2020-2030 |
Base year |
2022 |
Estimated year |
2023 |
Forecasted year |
2023-2030 |
Historical period |
2019-2021 |
Unit |
Value (USD Billion) |
Segmentation |
By Drug Type, Route of Administration and Region |
By Drug Type |
- Anti-VEGF drugs
- Complementary therapies
- Gene therapy
- VR
|
By Route of Administration |
- Intravitreal injections
- Sub retinal injections
- Oral medications
|
By Region
|
- North America
- Asia Pacific
- Europe
- South America
- Middle East Asia & Africa
|
Wet Age Related Macular Degeneration market Segmentation Analysis
The global Wet Age Related Macular Degeneration market is bifurcated three segments, by drug type, by route of administration and region. By drug type, the market is bifurcated into anti-vegf drugs, complementary therapies, and gene therapy. By route of administration, the market is bifurcated into intravitreal injections, sub retinal injections, oral medications and region.
[caption id="attachment_34709" align="aligncenter" width="1920"]
Wet Age-Related Macular Degeneration Market | Exactitude Consultancy[/caption]
Based on device type, the market is bifurcated into anti-vegf drugs, complementary therapies, and gene therapy. Anti-VEGF medications account for 85% of the Wet AMD market. These medications, including as Lucentis, Avastin, and Eylea, function by inhibiting the formation of aberrant blood vessels that lead to vision loss in wet AMD. Their efficacy and well-established treatment methods reinforce their position as the key drivers of market expansion. Complementary treatments, which include medications that target inflammation and oxidative stress, presently account for roughly 10% of the market. While they do not directly target blood vessel development, they can help manage related problems and perhaps improve treatment results. With further research and development in this field, their market share is likely to grow. Gene therapy remains an emerging industry with enormous promise, but it presently has a tiny market share, estimated at under 5%. These medicines attempt to target the underlying genetic etiology of wet AMD, perhaps providing a long-term or possibly curative therapy. However, they are still in the early phases of research and will require more clinical trials and regulatory approval before general usage. Longer-lasting or more effective anti-VEGF medications may diminish their market share marginally, but they are expected to stay dominant for the near future.
[caption id="attachment_34710" align="aligncenter" width="1920"]
Wet Age-Related Macular Degeneration Market | Exactitude Consultancy[/caption]
The Wet Age-Related Macular Degeneration (Wet AMD) market is segmented by administration method, providing a diverse variety of therapeutic choices. Intravitreal injections, which include the direct injection of medicine into the vitreous cavity of the eye, are the most common and commonly used method of treating Wet AMD. Anti-VEGF drugs, such as ranibizumab or aflibercept, are often delivered directly to the site of aberrant blood vessel development, preventing progression and maintaining vision. Sub retinal injections, another available method of administration, include the targeted delivery of therapeutic substances beneath the retina. While less frequent than intravitreal injections, sub retinal methods may be used for select types of Wet AMD, allowing for precision therapy delivery to the afflicted retinal layers. In addition to injection-based therapy, oral medicines are available as an additional mode of delivery. Oral therapies try to cure Wet AMD by altering biological processes involved in angiogenesis and inflammation.
[caption id="attachment_34711" align="aligncenter" width="1920"]
Wet Age-Related Macular Degeneration Market | Exactitude Consultancy[/caption]
While injectable treatments are more common, oral drugs provide a systemic approach to controlling the illness. Each method of administration has its own set of effectiveness, safety, and patient convenience concerns. Intravitreal injections are frequently preferred for their focused delivery and quick beginning of action, while sub retinal injections and oral drugs may be considered if particular patient demands or features dictate a different strategy. The variety of administration methods highlights the dynamic character of the Wet AMD market, giving healthcare practitioners with a variety of instruments to adapt treatment plans to each patient's particular needs. As research and clinical trials progress, the market is anticipated to see more breakthroughs and refinements in the different methods of administration, leading to the continued evolution of Wet AMD therapy.
- INTRODUCTION
- MARKET DEFINITION
- MARKET SEGMENTATION
- RESEARCH TIMELINES
- ASSUMPTIONS AND LIMITATIONS
- RESEARCH METHODOLOGY
- DATA MINING
- SECONDARY RESEARCH
- PRIMARY RESEARCH
- SUBJECT-MATTER EXPERTS’ ADVICE
- QUALITY CHECKS
- FINAL REVIEW
- DATA TRIANGULATION
- BOTTOM-UP APPROACH
- TOP-DOWN APPROACH
- RESEARCH FLOW
- DATA SOURCES
- EXECUTIVE SUMMARY
- MARKET OVERVIEW
- WET AGE RELATED MACULAR DEGENERATION MARKET OUTLOOK
- MARKET DRIVERS
- MARKET RESTRAINTS
- MARKET OPPORTUNITIES
- IMPACT OF COVID-19 ON WET AGE RELATED MACULAR DEGENERATION MARKET
- PORTER’S FIVE FORCES MODEL
- THREAT FROM NEW ENTRANTS
- THREAT FROM SUBSTITUTES
- BARGAINING POWER OF SUPPLIERS
- BARGAINING POWER OF CUSTOMERS
- DEGREE OF COMPETITION
- INDUSTRY VALUE CHAIN ANALYSIS
- GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE, 2020-2030, (USD BILLION)
- ANTI-VEGF DRUGS
- COMPLEMENTARY THERAPIES
- GENE THERAPY
- GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION, 2020-2030, (USD BILLION)
- INTRAVITREAL INJECTIONS
- SUBRETINAL INJECTIONS
- ORAL MEDICATIONS
- GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY REGION, 2020-2030, (USD BILLION)
- NORTH AMERICA
- US
- CANADA
- MEXICO
- SOUTH AMERICA
- BRAZIL
- ARGENTINA
- COLOMBIA
- REST OF SOUTH AMERICA
- EUROPE
- GERMANY
- UK
- FRANCE
- ITALY
- SPAIN
- RUSSIA
- REST OF EUROPE
- ASIA PACIFIC
- INDIA
- CHINA
- JAPAN
- SOUTH KOREA
- AUSTRALIA
- SOUTH-EAST ASIA
- REST OF ASIA PACIFIC
- MIDDLE EAST AND AFRICA
- UAE
- SAUDI ARABIA
- SOUTH AFRICA
- REST OF MIDDLE EAST AND AFRICA
- COMPANY PROFILES*
(BUSINESS OVERVIEW, COMPANY SNAPSHOT, PRODUCTS OFFERED, RECENT DEVELOPMENTS)
- GENENTECH
- REGENERON PHARMACEUTICALS
- NOVARTIS
- BAYER
- ALLERGAN
- OPHTHOTECH CORPORATION
- ALCON
- IVERIC BIO
- SANTEN PHARMACEUTICAL
- KODIAK SCIENCES
- GRAYBUG VISION
- OPTHEA LIMITED
- GILEAD SCIENCES
- OCULAR THERAPEUTIX
- PANOPTICA
- TYROGENEX
- NOVO NORDISK
- ADVERUM BIOTECHNOLOGIES
- OPHTHALIX INC.
- POLYPHOR AG
*THE COMPANY LIST IS INDICATIVE
LIST OF TABLES
TABLE 1 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 2 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 3 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY REGION (USD BILLION) 2020-2030
TABLE 4 NORTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 5 NORTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 6 NORTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 7 US WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 8 US WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 9 CANADA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 10 CANADA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 11 MEXICO WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 12 MEXICO WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 13 SOUTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 14 SOUTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 15 SOUTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 16 BRAZIL WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 17 BRAZIL WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 18 ARGENTINA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 19 ARGENTINA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 20 COLOMBIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 21 COLOMBIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 22 REST OF SOUTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 23 REST OF SOUTH AMERICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 24 ASIA-PACIFIC WET AGE RELATED MACULAR DEGENERATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 25 ASIA-PACIFIC WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 26 ASIA-PACIFIC WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 27 INDIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 28 INDIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 29 CHINA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 30 CHINA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 31 JAPAN WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 32 JAPAN WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 33 SOUTH KOREA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 34 SOUTH KOREA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 35 AUSTRALIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 36 AUSTRALIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 37 SOUTH-EAST ASIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 38 SOUTH-EAST ASIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 39 REST OF ASIA PACIFIC WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 40 REST OF ASIA PACIFIC WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 41 EUROPE WET AGE RELATED MACULAR DEGENERATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 42 EUROPE WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 43 EUROPE WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 44 GERMANY WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 45 GERMANY WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 46 UK WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 47 UK WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 48 FRANCE WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 49 FRANCE WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 50 ITALY WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 51 ITALY WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 52 SPAIN WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 53 SPAIN WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 54 RUSSIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 55 RUSSIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 56 REST OF EUROPE WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 57 REST OF EUROPE WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 58 MIDDLE EAST AND AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY COUNTRY (USD BILLION) 2020-2030
TABLE 59 MIDDLE EAST AND AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 60 MIDDLE EAST AND AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 61 UAE WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 62 UAE WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 63 SAUDI ARABIA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 64 SAUDI ARABIA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 65 SOUTH AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 66 SOUTH AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
TABLE 67 REST OF MIDDLE EAST AND AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE (USD BILLION) 2020-2030
TABLE 68 REST OF MIDDLE EAST AND AFRICA WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION (USD BILLION) 2020-2030
LIST OF FIGURES
FIGURE 1 MARKET DYNAMICS
FIGURE 2 MARKET SEGMENTATION
FIGURE 3 REPORT TIMELINES: YEARS CONSIDERED
FIGURE 4 DATA TRIANGULATION
FIGURE 5 BOTTOM-UP APPROACH
FIGURE 6 TOP-DOWN APPROACH
FIGURE 7 RESEARCH FLOW
FIGURE 8 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE, USD BILLION, 2022-2030
FIGURE 9 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION, USD BILLION, 2022-2030
FIGURE 10 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY REGION, USD BILLION, 2022-2030
FIGURE 11 PORTER’S FIVE FORCES MODEL
FIGURE 12 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY DRUG TYPE, USD BILLION,2022
FIGURE 13 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY ROUTE OF ADMINISTRATION, USD BILLION,2022
FIGURE 14 GLOBAL WET AGE RELATED MACULAR DEGENERATION MARKET BY REGION, USD BILLION,2022
FIGURE 15 MARKET SHARE ANALYSIS
FIGURE 16 GENENTECH: COMPANY SNAPSHOT
FIGURE 17 REGENERON PHARMACEUTICALS: COMPANY SNAPSHOT
FIGURE 18 NOVARTIS: COMPANY SNAPSHOT
FIGURE 19 BAYER: COMPANY SNAPSHOT
FIGURE 20 ALLERGAN: COMPANY SNAPSHOT
FIGURE 21 OPHTHOTECH CORPORATION: COMPANY SNAPSHOT
FIGURE 22 ALCON: COMPANY SNAPSHOT
FIGURE 23 IVERIC BIO: COMPANY SNAPSHOT
FIGURE 24 SANTEN PHARMACEUTICAL: COMPANY SNAPSHOT
FIGURE 25 KODIAK SCIENCES: COMPANY SNAPSHOT
FIGURE 26 GRAYBUG VISION: COMPANY SNAPSHOT
FIGURE 27 OPTHEA LIMITED: COMPANY SNAPSHOT
FIGURE 28 GILEAD SCIENCES: COMPANY SNAPSHOT
FIGURE 29 OCULAR THERAPEUTIX: COMPANY SNAPSHOT
FIGURE 30 PANOPTICA: COMPANY SNAPSHOT
FIGURE 31 TYROGENEX: COMPANY SNAPSHOT
FIGURE 32 NOVO NORDISK: COMPANY SNAPSHOT
FIGURE 33 ADVERUM BIOTECHNOLOGIES: COMPANY SNAPSHOT
FIGURE 34 OPHTHALIX INC.: COMPANY SNAPSHOT
FIGURE 35 POLYPHOR AG