Japan Wet Age-Related Macular Degeneration Treatment Market was valued at USD 1.2 Billion in 2022 and is projected to reach USD 2.1 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030.
Wet Age-Related Macular Degeneration (Amd) Is A Leading Cause Of Vision Loss Among Individuals Aged 50 And Older. This Condition Arises When Abnormal Blood Vessels Develop Beneath The Retina, Leading To Leakage And Scarring That Impair Central Vision. The Increasing Prevalence Of Wet Amd Has Spurred Significant Advancements In Treatment Options, Shaping A Dynamic And Rapidly Evolving Market.
In Recent Years, The Global Wet Amd Treatment Market Has Experienced Substantial Growth. In 2023, The Market Was Valued At Approximately Usd 11.28 Billion And Is Projected To Reach Around Usd 22.05 Billion By 2033, Reflecting A Compound Annual Growth Rate (Cagr) Of 6.93% During This Period. This Expansion Is Primarily Driven By An Aging Global Population, Heightened Awareness Of Ocular Health, And Continuous Innovations In Therapeutic Approaches.
Anti-Vegf (Vascular Endothelial Growth Factor) Therapies Have Revolutionized The Management Of Wet Amd. Medications Such As Eylea (Aflibercept), Lucentis (Ranibizumab), And Beovu (Brolucizumab) Inhibit The Growth Of Abnormal Blood Vessels In The Retina, Thereby Preserving Vision. Notably, Eylea Has Emerged As A Market Leader, Accounting For A Significant Share Of Treatment Protocols Due To Its Proven Efficacy And Dosing Flexibility.
The Competitive Landscape Is Further Enriched By Emerging Therapies And Biosimilars. For Instance, Teva Pharmaceutical Industries And Alvotech Have Developed Avt06, A Biosimilar Candidate To Eylea, Which Is Currently Under Review By The U.S. Food And Drug Administration (Fda). The Introduction Of Such Alternatives Is Anticipated To Enhance Treatment Accessibility And Affordability For Patients.
Geographically, North America Dominates The Wet Amd Treatment Market, Attributed To Its Advanced Healthcare Infrastructure And Substantial Investment In Research And Development. In 2023, North America Held The Largest Revenue Share, With The Market Size Reaching Usd 5.75 Billion. Projections Indicate This Figure Will Expand To Approximately Usd 11.36 Billion By 2033, At A Cagr Of 7.04%. The Asia-Pacific Region Is Also Poised For Significant Growth, Driven By An Increasing Elderly Population And Improving Healthcare Services.
Despite These Advancements, Challenges Persist. The High Cost Of Anti-Vegf Therapies Can Be A Barrier For Many Patients, And The Necessity For Frequent Intravitreal Injections May Affect Compliance. Additionally, While Current Treatments Effectively Manage The Condition, They Do Not Offer A Cure, Underscoring The Need For Continued Research Into More Durable Solutions.
In Summary, The Wet Age-Related Macular Degeneration Treatment Market Is Characterized By Robust Growth And Innovation. Ongoing Developments In Therapeutic Options, Coupled With Efforts To Improve Accessibility And Patient Adherence, Are Poised To Enhance The Quality Of Life For Those Affected By This Condition.
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Wet Age-Related Macular Degeneration Treatment Market
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Roche
Novartis
Regeneron Pharmaceuticals
Bayer HealthCare
Kanghong Pharma
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Wet Age-Related Macular Degeneration Treatment Market
Hospital
Clinic
Other
Based on Types the Market is categorized into Below types that held the largest Wet Age-Related Macular Degeneration Treatment market share In 2023.
Lucentis
Eylea
Avastin
Others
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Wet Age-Related Macular Degeneration Treatment Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Wet Age-Related Macular Degeneration Treatment Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Wet Age-Related Macular Degeneration Treatment Market, By Type
6. Global Wet Age-Related Macular Degeneration Treatment Market, By Application
7. Global Wet Age-Related Macular Degeneration Treatment Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Wet Age-Related Macular Degeneration Treatment Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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