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.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.
- Increase in Aging Population Worldwide
- Rising Pipeline Drugs for Age-Related Macular Degeneration
- Increasing Awareness about Age-Related Macular Degeneration
- High Cost of AMD Treatment
Increasing Incidence of Lifestyle Associated Diseases
Growing Off Label Use
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