The table below presents the key metrics for age-related macular degeneration (AMD) in the seven major pharmaceutical markets (7MM) covered in this report-the US, 5EU (France, Germany, Italy, Spain, and the UK), and Japan-during the forecast period from 2024-34.
In 2024, GlobalData estimated the total AMD market to be valued at $7.8 billion across the 7MM, with the US accounting for 67.2% of the market. The five major European markets (5EU) (France, Germany, Italy, Spain, and UK) accounted for 28.9% of the global AMD market with an estimated value of $2.2 billion, and Japan's AMD market was estimated to be $298.0 million in 2024, accounting for 3.8% of the market.
Over the forecast period, the AMD market is anticipated to grow to a value of $20.5 billion in 2034, with the US anticipated to account for 65.7% of the global market and a market value of $13.5 billion. The US market is anticipated grow at a CAGR of 10.0%, while the 5EU market is anticipated to grow at a CAGR of 10.9% to reach a market value of $6.3 billion in 2034. Japan is anticipated to witness the slowest growth among the 7MM with a CAGR of 8.9% during the forecast period and a market value of $702.1 billion in 2034.
Major drivers of growth in the AMD market during the forecast period include the following -
- The launches of longer-acting anti-vascular endothelial growth factor (VEGF) therapies to treat patients with wet AMD (wAMD) and tyrosine kinase inhibitor (TKI) therapies
- The availability of therapies for geographic atrophy (GA), which will increase the number of treatable cases of AMD
- The launch of the first pharmacotherapy exclusively for early AMD, which will increase treatment options available for many patients with this sub-indication
Major barriers to growth in the AMD market during the forecast period will include the following:
- Increased pressure to provide evidence of drug cost-effectiveness in the 7MM, which could complicate the reimbursement process of late-stage pipeline agents
- The high annual cost of therapy (ACOT) of cell and gene therapies that are anticipated to launch within the forecast period and may cause payers to favor cheaper alternatives
- Products that are due to lose exclusivity within the forecast period, and the subsequent launch of biosimilars
Scope
- Overview of AMD, including epidemiology, symptoms, diagnosis, and disease management.
- Annualized AMD therapeutics market revenue, cost of therapy per patient, and treatment usage patterns forecast from 2024 to 2034.
- Key topics covered include strategic competitor assessment, market characterization, unmet needs, clinical trial mapping, and implications of these factors for the AMD therapeutics market.
- Pipeline analysis: comprehensive data assessing emerging trends and mechanisms of action under development for AMD treatment. The most promising candidates in late-stage development are profiled.
- Analysis of the current and future market competition in the global AMD therapeutics market. Insightful review of the key industry drivers, restraints and challenges. Each trend is independently researched to provide qualitative analysis of its implications.
Reasons to Buy
- Develop and design your in-licensing and out-licensing strategies through a review of pipeline products and technologies, and by identifying the companies with the most robust pipeline.
- Develop business strategies by understanding the trends shaping and driving the 7MM AMD therapeutics market.
- Drive revenues by understanding the key trends, innovative products and technologies, market segments, and companies likely to impact the 7MM AMD therapeutics market in the future.
- Formulate effective sales and marketing strategies by understanding the competitive landscape and by analyzing the performance of various competitors.
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- Organize your sales and marketing efforts by identifying the market categories and segments that present maximum opportunities for consolidations, investments and strategic partnerships.