Age Related Macular Degeneration Market 2021 Forecast Size, Share and Manufacturing Cost Analysis
Age Related Macular Degeneration (AMD) Market is a common eye disorder and basic reason of vision loss after 50. Macula is a minor spot close to the midpoint of the retina and an important part of the eye required for sharp, central vision; which helps us to see the substances that are straight ahead. The growing age causes damage to the macula.
The Macula is formed from millions of light detecting cells that deliver sharp, central vision. It is the utmost sensitive part of the retina. It is placed at the rear portion of the eye. The retina converts light into electrical signals and then directs these electrical signals through the optic nerve to the brain. Here they are decoded into the pictures we understand. Once the macula is injured, the center of your field of vision may look blurry, slanted, or black.
By type, the worldwide AMD market is segmented into Dry (AMD is due to the formation of the deposits called ‘’Drusen’’, under the retina.) and Wet (AMD is due to irregular growth of the blood vessels from the choroid beneath the macula). Most of the patients form dry AMD, but it may later lead to wet form of AMD. Growing age is the main risk factor. Persons above 60 are the main victims.
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However, it may arise before as well. Growing geriatric population worldwide is the prime driving factor for AMD market. Besides, the sedentary lifestyle coupled with increasing consumption of pipeline drugs for AMD is also driving the market. However, the factors restraining the growth of global AMD market are stringent regulations on the part of governments and the ever-increasing off label usage.
By risk factors, the worldwide AMD market is segmented into Smoking (Smoking doubles the threat of AMD.), Race (AMD is most common in Caucasians. The African-Americans and Hispanics/Latinos have less possibility), and Genetics and Family history. Macular deterioration is the main reason of visibility loss between aged Americans. Aging American population, affected by AMD is expected to increase significantly in the coming years. In the year 2010, around 2.07 million Americans had progressive age-linked macular degeneration. This number is predictable to rise to 5.44 million by the year2050.
AMD is common among the elder white population. It is likely to affect 14% or more of white Americans of age 80 and elder. For the age 50 and above, the affected population will be 2.1%. The blacks, non-white Hispanics, and the other ethnic groups are less affected. In some persons AMD spreads very slowly Loss of vision does not happen for an extended time. Somewhere the AMD progresses earlier and can lead to a loss of vision in one or both the eyes. As AMD develops, a blurry zone close to the midpoint of the vision is a common sign. The blurry zone might grow bigger or grow blank spots in your central vision. The substances too may not look to be as bright as they used to be. AMD of its own does not lead to whole blindness. However, the loss of central vision in AMD can hamper simple normal actions such as the capability to see faces drive, read, write, or do nearby work; for example - food preparation or setting things everywhere in the house.
Market Segment:
Segment regions including (the separated region report can also be offered)
• North America
• Europe
• Japan
• China
• Southeast Asia
• India
The players list (Partly, Players you are interested in can also be added)
• Achillion Pharmaceuticals, Inc.
• Bayer AG
• Charlesson LLC.
• Digna Biotech, S.L.
• Eleven Biotherapeutics Inc.
• Foamix Pharmaceuticals Ltd.
• Gene Signal International SA
• HanAll Biopharma Co., Ltd.
• Icon Bioscience, Inc.
• Johnson & Johnson
• Kala Pharmaceuticals, Inc.
• Lpath, Inc.
Worldwide Market segmentation by geography includes North America, Asia Pacific, Europe, and Rest of the world. North America leads the market. This lead could be attributed to the increasing number of AMD-positive Americans every year. This trend is expected to continue in the forecast period (2014-2025). The major players worldwide are Bayer Healthcare (a subsidiary of Bayer AG), Novartis AG, Genentech Inc. (a Roche Group member), Regeneron Pharmaceuticals, Pfizer Inc., Valent Pharmaceuticals International.
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