South Korea Age Related Macular Degeneration (AMD) Market was valued at USD 0.50 Billion in 2022 and is projected to reach USD 0.80 Billion by 2030, growing at a CAGR of 6.7% from 2024 to 2030.
The South Korea Age Related Macular Degeneration (AMD) market has been steadily growing as a result of the increasing elderly population and advancements in healthcare. AMD is one of the leading causes of blindness and visual impairment among individuals over the age of 60. In South Korea, the prevalence of AMD is rapidly rising, with the aging demographic driving the need for effective treatments and interventions.
The Age Related Macular Degeneration (AMD) market in South Korea is categorized into dry AMD and wet AMD. Dry AMD, which is more common, progresses slowly and involves the thinning of the macula, while wet AMD leads to the growth of abnormal blood vessels under the retina, causing rapid vision loss. The market has seen significant investment in both diagnostics and treatment solutions, ranging from lifestyle modification programs to advanced pharmaceutical therapies.
In recent years, the demand for AMD treatment has grown as the South Korean healthcare industry adapts to this challenge. The market is heavily influenced by government initiatives, along with the emergence of innovative therapies like anti-VEGF injections and retinal implants. Anti-VEGF drugs are now considered the primary treatment for wet AMD, which has significantly reduced the rate of vision loss in patients. The increased focus on research and development in the ophthalmology sector ensures that South Korea remains at the forefront of AMD treatment solutions.
Industries are also focusing on diagnostics and early detection tools, given the effectiveness of early treatment in preventing severe visual impairment. The rise in demand for diagnostic devices such as OCT (Optical Coherence Tomography) and fundus cameras is indicative of the need for advanced tools in identifying AMD in its early stages. Furthermore, industry collaborations and partnerships are contributing to the rapid advancements in AMD treatment options.
As the market continues to grow, there is also a rising need for improved patient education and awareness regarding AMD. Awareness campaigns by both private and public sectors aim to educate people about preventive measures and the importance of early detection to mitigate the adverse effects of AMD. This increasing awareness plays a pivotal role in the demand for effective AMD treatments across South Korea, positioning the country as a leader in AMD-related healthcare solutions.
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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 South Korea Age Related Macular Degeneration (AMD) Market
Dry AMD
Wet AMD
Early Stage AMD
Intermediate Stage AMD
Advanced Stage AMD
Anti-VEGF Therapy
Corticosteroids
Nutrition Supplements
40-50 Years
51-60 Years
61-70 Years
71 Years and Above
Hospitals
Ophthalmology Clinics
Home Care Settings
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Age Related Macular Degeneration (AMD) 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. South Korea Age Related Macular Degeneration (AMD) Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Age Related Macular Degeneration (AMD) Market, By Type
6. South Korea Age Related Macular Degeneration (AMD) Market, By Application
7. South Korea Age Related Macular Degeneration (AMD) Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Age Related Macular Degeneration (AMD) Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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