Macular Degeneration Treatment Market Ready to Reach US$ 13,195.7 MN By 2028 with CAGR 7.0% during the Forecast Period 2022-2028

 

Macular Degeneration Treatment Market

Macular Degeneration is an eye disease that causes loss of central vision by affecting the macula (the centre of the light-sensitive retina at the back of the eye). Age-related macular degeneration (AMD) is a vision disorder that causes central vision to blur. It occurs when ageing causes damage to the macula, a component of the retina (the light-sensitive tissue at the back of the eye). There are two kinds of age-related macular degeneration: dry and wet.

The majority of AMD patients have dry AMD. This is the process by which the macula thins with age. Dry macular degeneration is a common eye condition in people over the age of 50. Wet AMD is characterised by rapid and progressive central vision loss as a result of leaking blood vessels in the eyes. Although there is no cure, treatment for macular degeneration (AMD) may slow the disease and prevent severe vision loss. Consult a doctor to determine the best course of action.

During the forecast period, the global geriatric population is expected to drive the growth of the global macular degeneration treatment market. Retinal disorders became more common as people aged. AMD is the most common cause of blindness in developed countries, especially among people over the age of 60. According to the World Health Organization (WHO), there were one billion people aged 60 and up in 2019. This figure is expected to rise to approximately 1.4 billion by 2030 and 2.1 billion by 2050.

The Global Macular Degeneration Treatment Market Was Valued At US$ 8,208.7 Mn In 2021 And Is Forecast To Reach A Value Of US$ 13,195.7 Mn By 2028 At A CAGR Of 7.0% Between 2022 And 2028.

The Global Macular Degeneration Treatment Market is expected to be hampered by a lack of awareness about the disease. AMD is a leading cause of irreversible blindness, and raising awareness about the disease is critical to preventing blindness. However, there is a significant lack of awareness about AMD among the general public, particularly in developing countries. To raise awareness about AMD, large-scale public campaigns and educational programmes are required.

The growing use of off-label medications is expected to stymie the growth of the Macular Degeneration Treatment Market. Off-label drug use is the practise of prescribing a drug for a purpose other than what the FDA has approved. The MHRA (Medicines and Healthcare products Regulatory Agency) clarified its position on the use of Roche's Avastin off-label as a treatment for wet AMD in September 2019. The High Court ruled in 2018 that CCGs can prescribe Bevacizumab (Avastin) for wet AMD off-label.

Global Macular Degeneration Treatment Market Segmentations-

·        By Type: Dry Age-related Macular Degeneration and Wet Age-related Macular Degeneration

·        By Stage Of Disease: Early-stage AMD, Intermediate AMD, and Late-stage AMD

·        By Route Of Administration: Intravenous Route and Intravitreal Route

·        By Sales Channel: Ambulatory Surgical Centres, Hospitals, and Other Sales Channels

Topmost Manufacturers are- Bayer AG, REGENXBIO Inc., Aerie Pharmaceutical Inc., Panoptica, Pfizer Inc., F. Hoffmann-La Roche Ltd., Regeneron Pharmaceutical Inc., Novartis AG, and Bausch Health Companies Inc., among others

Read the Press Release of Macular Degeneration Treatment Market 

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