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Age-related Macular Degeneration Market Report 2025-2030 - Asia-Pacific and EMEA Fuel Growth in AMD Market with Reforms and Expanding Access to Vision Care
GlobeNewswire News Roomยท 2025-04-08 10:08
Market Overview - The Age-related Macular Degeneration (AMD) Market grew from USD 10.45 billion in 2023 to USD 11.10 billion in 2024, with a projected CAGR of 6.67%, reaching USD 16.43 billion by 2030 [2][15]. - Recent advancements in diagnostic imaging and molecular biology are facilitating early detection and intervention strategies for AMD, significantly altering treatment trajectories for both dry and wet forms of the disease [3]. Treatment Innovations - The market is witnessing a shift from traditional reactive approaches to proactive, data-driven methodologies, emphasizing precision medicine tailored to individual patient profiles [4]. - Companies are recalibrating their portfolios to incorporate emerging therapies and integrated treatment modalities, enhancing patient outcomes and maximizing market share [5]. Regional Trends - North America benefits from robust healthcare infrastructure and high prevalence of chronic conditions, leading to streamlined early diagnosis and intervention for AMD [6]. - In Europe, regulatory reforms and increased awareness are driving market expansion, with emerging economies recognizing the importance of modern ophthalmological care [7]. - The Asia-Pacific region is experiencing rapid growth due to economic development and improved healthcare delivery systems, creating significant demand for both conventional and advanced treatment options [8]. Competitive Landscape - Numerous established and emerging companies are actively shaping the AMD management landscape, with significant developments from firms like AbbVie Inc., Novartis AG, and Bayer AG [9][14]. - Strategic recommendations for industry leaders include prioritizing clinical research, investing in diagnostic modalities, and fostering collaborations with academic institutions to validate emerging therapies [10][11]. Strategic Recommendations - Companies should align operational strategies with evolving regulatory frameworks and emphasize agile supply chain management to balance risk while capitalizing on market opportunities [11][12]. - Diversifying portfolios across pharmaceutical and surgical interventions can mitigate risks associated with market saturation and competitive overlap [12][13].