Industry Background:
The age-related macular degeneration (AMD) is a common eye complaint and a leading cause of vision loss among people age 50 and older. It causes damage to the macula, a minor spot near the center of the retina and the portion of the eye needed for sharp, central vision, which lets a person see objects that are straight ahead. In some people, AMD develops so slowly that vision loss does not occur for a long time. In others, the disease advancements faster and may lead to a loss of vision in one or both eyes. As AMD progresses, a blurred area near the center of vision is a general symptom.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Novartis Ag (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany), Pfizer Inc. (United States), Regeneron Pharmaceutical, Inc. (United States), Acucela (United States), Neurotech Pharmaceuticals, Inc. (United States), GlaxoSmithKline Plc (United Kingdom), Santen Pharmaceutical Co. Ltd. (Japan) and Synthetic Biologics Inc. (United States) |
This growth is primarily driven by Increase in Aging Population Worldwide and Rising Pipeline Drugs for Age-Related Macular Degeneration.
Globally, a noticeable market trend is evident Increasing Awareness about Age-Related Macular Degeneration Major Players, such as Novartis Ag (Switzerland), F. Hoffmann-La Roche Ltd (Switzerland), Bayer AG (Germany), Pfizer Inc. (United States), Regeneron Pharmaceutical, Inc. (United States), Acucela (United States), Neurotech Pharmaceuticals, Inc. (United States), GlaxoSmithKline Plc (United Kingdom), Santen Pharmaceutical Co. Ltd. (Japan) and Synthetic Biologics Inc. (United States), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
On July 1, 2019 - Pfizer Inc. has announced the successful completion of its acquisition of the privately held clinical-stage biotechnology company Therachon Holding AG.
Influencing Trend:
Increasing Awareness about Age-Related Macular Degeneration
Market Growth Drivers:
Increase in Aging Population Worldwide and Rising Pipeline Drugs for Age-Related Macular Degeneration
Challenges:
Growing Off Label Use
Restraints:
High Cost of AMD Treatment
Opportunities:
Increasing Incidence of Lifestyle Associated Diseases
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Age Related Macular Degeneration Market
- Analysis about New Entrants in Age Related Macular Degeneration Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Age Related Macular Degeneration Study Sheds Light on
The Age Related Macular Degeneration Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Age Related Macular Degeneration industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Age Related Macular Degeneration industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.