Wet Age-Related Macular Degeneration Market 2014-2024 by Product, Distribution Channel, Age Group, Route of Administration, & End User, - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--May 15, 2019--
The “Wet Age-Related Macular Degeneration Market by Product, by Distribution Channel, by Age Group, by Route of Administration, by End User, by Geography Global Market Size, Share, Development, Growth, and Demand Forecast, 2014-2024” report has been added to ResearchAndMarkets.com’s offering.
According to this research, the global wet age-related macular degeneration (AMD) market attained a size of $6.9 billion in 2018, and it is expected to reach $10.4 billion by 2024, advancing at a CAGR of 7.1% during the forecast period (2019-2024).
The growth of the market is driven by the rising prevalence of AMD, lack of a specific treatment, and increasing aging population.
Eylea, Lucentis, and Avastin are the drugs available worldwide for the treatment of wet AMD. Out of these, Eylea is anticipated to dominate the market in 2019-2024. The major factors escalating the demand for this drug in the global wet age-related macular degeneration market are the rising prevalence of AMD.
On the basis of route of administration, the market is bifurcated into intravenously and intravitreally given drugs. During the forecast period, the drugs administered through the intravitreal route are predicted to witness the faster growth at a CAGR of 7.2% in the global wet age-related macular degeneration market.
In 2018, North America held the largest revenue share, amounting to nearly $3.0 billion, in the global wet age-related macular degeneration market. This is ascribed to the increasing prevalence of wet AMD, rising number of drug approvals, and considerable presence of key players in the country.
On a global ground, during the 2019-2024 period, the market is projected to observe the fastest growth with a CAGR of 8.8% in APAC, owing to the surge in the aging population, increase in the prevalence of AMD, and reimbursements offered by the government for treating wet age-related macular degradation in the region.
Furthermore, APAC accounts for over one-third of the macular degeneration cases registered across the globe, which is anticipated to further rise during the forecast period. According to United Nations projections, nearly 24.0% of Asians will be of 60 years or above by 2050. Since aged people are more likely to develop AMD, the demand for medication for disease treatment is predicted to substantially rise in the region, resulting in the growth of the wet age-related macular degeneration market.
Also, wet AMD treatment is quite expensive, as a result of which the government of countries such as South Korea and Malaysia have introduced some health insurance plans to cover the cost of the treatment to some extent and to lessen the burden of healthcare on people. For instance, under the universal government health insurance plan of South Korea’s, during their lifetime, wet AMD patients can get up to 10 injections of ranibizumab. Thus, the increasing government initiatives are boosting the wet age-related macular degeneration market growth in the APAC region.
Key Topics Covered:
Chapter 1. Research Background
1.1 Research Objectives
1.2 Market Definition
1.3 Research Scope
1.4 Key Stakeholders
Chapter 2. Research Methodology
2.1 Secondary Research
2.2 Primary Research
2.3 Market Size Estimation
2.4 Data Triangulation
2.5 Assumptions for the Study
Chapter 3. Executive Summary
Chapter 4. Introduction
4.1 Definition of Market Segments
4.1.1 By Product
4.1.2 By Distribution Channel
4.1.3 By Age Group
18.104.22.168 Above 80 years
22.214.171.124 60-80 years
126.96.36.199 40-59 years
4.1.4 By Route of Administration
4.1.5 By End User
188.8.131.52 Hospitals and clinics
184.108.40.206 Research and academic institutes
4.2 Market Dynamics
220.127.116.11 Positive clinical trial results and increasing approvals for pipeline drugs
18.104.22.168 Growing number of acquisitions and collaborations
22.214.171.124 Increasing prevalence of AMD
126.96.36.199 Lack of availability of specific treatment
188.8.131.52 Surge in geriatric population
184.108.40.206 Impact analysis of drivers on market forecast
220.127.116.11 Increasing usage of off-label drugs
18.104.22.168 High cost of drugs and lack of insurance coverage
22.214.171.124 Impact analysis of restraints on market forecast
126.96.36.199 Emerging market for wet AMD in APAC
188.8.131.52 Prospective alternative therapies
4.3 Porter’s Five Forces Analysis
4.4 Epidemiology Overview
4.5 Pipeline Drugs for Wet AMD
4.6 Pricing and Reimbursement Scenario
Chapter 5. Global Market Size and Forecast
5.1 By Product
5.2 By Distribution Channel
5.3 By Age Group
5.4 By Route of Administration
5.5 By End User
5.6 By Region
Chapter 6. North America Market Size and Forecast
Chapter 7. Europe Market Size and Forecast
Chapter 8. APAC Market Size and Forecast
Chapter 9. LATAM Market Size and Forecast
Chapter 10. MEA Market Size and Forecast
Chapter 11. Global Strategic Developments
11.1 Clinical Trial Approvals and Results
11.2 Acquisitions and Collaborations
Chapter 12. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/7pg7j0
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PUB: 05/15/2019 05:20 AM/DISC: 05/15/2019 05:20 AM