Wet Age-Related Macular Degeneration Treatment Market was valued at USD 8.3 Billion in 2022 and is projected to reach USD 14.5 Billion by 2030, growing at a CAGR of 7.4% from 2024 to 2030.
The Wet Age-Related Macular Degeneration (AMD) Treatment Market has seen a significant transformation from 2018 to 2022, driven by advancements in medical research, innovative therapies, and an increased understanding of the disease. Wet AMD, a leading cause of vision loss in older adults, requires immediate intervention to prevent irreversible damage to the retina. In the past five years, the market has been primarily influenced by the rise in treatment options such as anti-VEGF injections, laser therapies, and new surgical techniques. These treatments aim to control the abnormal blood vessel growth that damages the macula and leads to vision impairment. From 2018 to 2022, therapies like ranibizumab, aflibercept, and bevacizumab dominated the market, with significant investments in improving their efficacy and safety profiles. Additionally, there has been a growing shift towards personalized medicine, which tailors treatments to the specific needs of individual patients based on genetic, environmental, and lifestyle factors.
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The demand for Wet AMD treatments surged during this period due to the increasing aging population worldwide, especially in developed countries. With nearly 200 million people affected globally, the need for advanced treatment options grew substantially. Moreover, the focus shifted towards improving patient outcomes and reducing long-term healthcare costs associated with untreated AMD. Regulatory approvals for new drugs, including gene therapies, added to the optimism in the market, which saw a compound annual growth rate (CAGR) of over 8% from 2018 to 2022. The availability of combination therapies and the growing awareness about AMD symptoms contributed to early detection and more effective treatments, ensuring a broader reach of the medical solutions.
Looking ahead, from 2023 to 2033, the Wet AMD treatment market is expected to continue evolving with a rise in demand fueled by technological advancements, emerging therapies, and expanding patient populations. The market is forecasted to expand due to the introduction of next-generation anti-VEGF therapies, gene-editing solutions, and more accessible diagnostic tools. The focus is shifting from traditional treatments to next-gen treatments that target specific molecular pathways involved in the disease's progression. Furthermore, the introduction of long-acting injectable formulations is expected to improve patient compliance, thus enhancing treatment outcomes over the long term. The market is expected to witness a significant increase in both the volume and variety of treatment options available, which will enhance the accessibility and affordability of care for a larger number of patients worldwide. The integration of AI and machine learning in clinical trials and personalized medicine will also boost the demand for more efficient treatments.
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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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