Age-Related Macular Degeneration Market: Market Growth and Future Demand (2034)


 Expert Market Research uncovers a significant surge in the age-related macular degeneration market, with its growth being propelled by a rapidly aging global population and continuous pharmaceutical innovations. As medical advancements lead to better treatment outcomes and early diagnosis, the market is showing a promising expansion in terms of both size and share. Treatments such as Lucentis and Eylea are gaining popularity due to their efficacy, while new entrants are further diversifying the therapeutic landscape. This progressive trend is not only reshaping patient care but also stimulating research investments and biotech collaborations across major regions worldwide.

Overview of the Age-Related Macular Degeneration Market

Age-related macular degeneration (AMD) is a chronic eye disorder that causes blurred or reduced central vision due to thinning of the macula, a part of the retina. It is a leading cause of vision loss among individuals aged 50 and above. The increasing geriatric population across the globe has become a primary factor driving the demand for AMD treatments. With no definitive cure available, the market has witnessed a rising need for effective drug therapies and regular eye injections to slow progression. Both wet and dry forms of AMD present substantial healthcare burdens, prompting ongoing innovation in treatment modalities.

Market Size of the Age-Related Macular Degeneration Industry

The age-related macular degeneration market reached a value of USD 10.46 Billion in 2024. This robust market size reflects the rising diagnosis rates and adoption of advanced treatment options globally. As the global elderly population continues to rise, the prevalence of AMD is expected to increase correspondingly, thereby fueling market expansion. High treatment costs, especially for biologics like Eylea and Lucentis, have also contributed to elevated market valuations. Regional growth in North America and Europe, where healthcare infrastructure is well-developed, remains particularly strong. The growing awareness about early AMD detection and treatment is expected to continue influencing market dynamics in the coming years.

Market Trends Shaping the AMD Industry

Several emerging trends are shaping the trajectory of the age-related macular degeneration market. Biopharmaceutical companies are actively investing in research and development to introduce long-acting anti-VEGF therapies and gene therapies to reduce the frequency of intravitreal injections. Artificial intelligence and machine learning are also making their way into early diagnosis and disease monitoring. Additionally, combination therapies are being explored to enhance patient outcomes. The use of biosimilars and generic versions is gaining momentum in price-sensitive markets, aiding affordability. Furthermore, patient assistance programs and teleophthalmology solutions are expanding access to treatment in remote or underserved regions, further accelerating market growth.

Visit full report: https://www.expertmarketresearch.com/reports/age-related-macular-degeneration-market/requestsample

Market Opportunities and Challenges

The AMD market presents vast opportunities, especially with the introduction of innovative therapies targeting early-stage disease progression. Companies are focusing on oral therapies, stem cell treatments, and sustained drug delivery systems. Regulatory incentives for orphan and rare disease drugs are also opening up investment avenues.

However, challenges persist. High treatment costs and limited reimbursement in emerging markets may hinder adoption. Additionally, the frequent need for injections discourages patient compliance. Lack of awareness and access in low-income regions remains a critical barrier. Intellectual property restrictions and the complex approval process for new drugs may also delay market entry for novel therapies.

Market Segmentation

  • By Product:
    • Wet AMD
    • Dry AMD
  • By Drug:
    • Lucentis
    • Eylea
    • Avastin
    • Others
  • By Route of Administration:
    • Intravenous
    • Intravitreal
  • By Region:
    • North America
    • Europe
    • Asia Pacific
    • Latin America
    • Middle East and Africa

Market Growth Prospects

The age-related macular degeneration market is poised for substantial growth, driven by technological advancements and expanding treatment options. The increasing global life expectancy is directly influencing the prevalence of AMD. Improved diagnostic imaging tools like OCT (Optical Coherence Tomography) are facilitating earlier detection and faster treatment response. The growing penetration of healthcare services in developing nations, coupled with greater public and private investments, is enhancing treatment accessibility. Partnerships between biotech startups and pharma giants are fueling R&D pipelines with promising candidates. In addition, supportive regulatory frameworks and patient-centric clinical trials are fostering innovation and accelerating product commercialization.

Forecast of the AMD Market (2025–2034)

The age-related macular degeneration market is expected to witness a strong CAGR of 9.70% from 2025 to 2034, reaching a projected value of USD 26.40 Billion by 2034. This impressive forecast is underpinned by growing disease awareness, rising geriatric demographics, and continuous medical breakthroughs. Biologics and personalized medicine are likely to dominate treatment regimens, while newer drug delivery systems could transform the therapeutic landscape. Market expansion in Asia Pacific and Latin America is projected to outpace that in developed regions due to increasing healthcare investments and economic growth. Additionally, biosimilars are anticipated to boost affordability, broadening patient access globally.

Competitor Analysis

The age-related macular degeneration market is highly competitive, with both established players and emerging innovators contributing to its dynamic growth. Key companies are actively engaged in strategic collaborations, R&D investments, and regional expansions.

  • Bayer AG – Leading with strong R&D and partnerships in ophthalmology.
  • F. Hoffmann-La Roche Ltd. – Offers advanced therapies and invests heavily in biosimilars.
  • Novartis AG – Innovator in ocular drug delivery systems and biologics.
  • Regeneron Pharmaceuticals Inc. (NASDAQ: REGN) – Pioneered Eylea, dominating the wet AMD segment.
  • Others – Include smaller biotech firms exploring next-gen gene and stem cell therapies.

Find More Report:

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Precision Medicine Market: https://bit.ly/4f1WNLl

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