Age Related Macular Degeneration (AMD) 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.
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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.
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.
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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