PUBLISHER: The Business Research Company | PRODUCT CODE: 1730876
PUBLISHER: The Business Research Company | PRODUCT CODE: 1730876
Geographic atrophy is an eye condition that causes gradual vision loss due to damage to the retina. It is a severe form of age-related macular degeneration (AMD) that results in blind spots in central vision.
The primary drug treatments for geographic atrophy include anti-vascular endothelial growth factor (VEGF) therapy, complement inhibitors, neuroprotective agents, and others. Complement inhibitors work by regulating an overactive immune response, blocking specific proteins that contribute to inflammation and cell damage. Diagnosis is typically performed using techniques such as fundus autofluorescence (FAF), optical coherence tomography angiography (OCT-A), and multifocal electroretinography (mfERG). These treatments are administered through various routes, such as intravitreal, oral, and others, and are distributed through various channels, including hospital pharmacies, retail pharmacies, online pharmacies, and others.
The geographic atrophy market research report is one of a series of new reports from The Business Research Company that provides geographic atrophy market statistics, including the geographic atrophy industry global market size, regional shares, competitors with the geographic atrophy market share, detailed geographic atrophy market segments, market trends, and opportunities, and any further data you may need to thrive in the geographic atrophy industry. This geographic atrophy market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.
The geographic atrophy market size has grown rapidly in recent years. It will grow from $1.86 billion in 2024 to $2.12 billion in 2025 at a compound annual growth rate (CAGR) of 13.7%. The growth observed in the historic period can be attributed to factors such as the growing geriatric population, rising demand for effective treatment options, increasing prevalence of geographic atrophy, greater health awareness, and a rise in the incidence of retinal diseases.
The geographic atrophy market size is expected to see rapid growth in the next few years. It will grow to $3.50 billion in 2029 at a compound annual growth rate (CAGR) of 13.5%. The growth expected during the forecast period can be attributed to factors such as a rising focus on research and development, increased R&D investments, the growing use of smartphones, higher healthcare expenditure, and more investment in clinical trials. Key trends in the forecast period include advancements in gene therapy, progress in healthcare technology, the development of new technologies, greater adoption of telemedicine, and the creation of innovative and effective drugs.
The increasing prevalence of age-related macular degeneration (AMD) is expected to drive the growth of the geographic atrophy market. AMD is an eye condition that damages the central part of the retina in older adults, making it difficult to see fine details. The aging population is the primary factor contributing to the rise in AMD cases, as more people are living longer, and the natural aging process leads to gradual eye damage, making individuals more susceptible to the disease over time. Treatments for geographic atrophy support AMD patients by slowing the progression of retinal damage and preserving remaining vision. For example, a report from Medical News Today in January 2024 highlighted that global cases of age-related macular degeneration are projected to increase from 196 million to 288 million by 2040. Thus, the growing prevalence of AMD is driving the geographic atrophy market forward.
Companies in the geographic atrophy market are increasingly focusing on innovative therapies, such as complement inhibitor therapy, to develop advanced treatments for the condition. Complement inhibitor therapy helps slow an overactive immune response associated with certain diseases, protecting healthy cells from damage and reducing disease progression. In February 2025, Astellas Pharma Inc., a Japan-based pharmaceutical company, announced that its drug IZERVAY (avacincaptad pegol intravitreal solution) was approved by the Food and Drug Administration (FDA) for treating geographic atrophy secondary to AMD. This approval allows for the use of IZERVAY without limitations on the duration of dosing, providing greater flexibility in managing geographic atrophy and offering long-term treatment options for both patients and healthcare providers.
In January 2025, Bausch + Lomb Corporation, a US-based pharmaceutical and medical device company specializing in eye health products, acquired Whitecap Biosciences LLC for an undisclosed amount. This acquisition aims to expand Bausch + Lomb's portfolio of innovative eye health solutions by integrating Whitecap Biosciences' expertise in advanced ocular therapeutics. Whitecap Biosciences, a US-based pharmaceutical company, is focused on developing novel therapies for ophthalmic diseases, including geographic atrophy.
Major players in the geographic atrophy market are Regeneron Pharmaceuticals Inc., Boehringer Ingelheim, Astellas Pharma Inc., Biogen Inc., Ocugen Inc., Kodiak Sciences Inc., Apellis Pharmaceuticals Inc., NGM Biopharmaceuticals Inc., Voyager Therapeutics, Kriya Therapeutics, Stealth BioTherapeutics, Kiora Pharmaceuticals, Iveric Bio, Alkeus Pharmaceuticals, Nanoscope Therapeutics, Graybug Vision, SparingVision, 4D Molecular Therapeutics, Clearside Biomedical, Gensight Biologics.
North America was the largest region in the geographic atrophy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in geographic atrophy report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the geographic atrophy market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The geographic atrophy market consists of revenues earned by entities by providing gene therapies, and stem cell therapy. The market value includes the value of related goods sold by the service provider or included within the service offering. The geographic atrophy market also includes sales of artificial retinas, and medication. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Geographic Atrophy Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on geographic atrophy market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for geographic atrophy ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The geographic atrophy market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.