Macular Degeneration Treatment Market Size and Share

Macular Degeneration Treatment Market (2025 - 2030)
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Macular Degeneration Treatment Market Analysis by Mordor Intelligence

The macular degeneration treatment market size is USD 16.79 billion in 2025 and is projected to reach USD 25.25 billion by 2030, advancing at an 8.51% CAGR. The outlook reflects demographic aging, regulatory support for breakthrough drugs, and rapid diffusion of digital diagnostics that identify disease earlier than conventional eye-care pathways. Elevated demand is reinforced by the 25% faster-than-aging rise in age-related macular degeneration (AMD) prevalence, the 94% sensitivity and 99% specificity of AI-based screening algorithms, and the pivot to complement pathway inhibitors that open therapy options for geographic atrophy. Gene and cell therapies in late-stage trials, sustained-release delivery platforms, and biosimilar price competition are reshaping revenue streams even as payers tighten utilization controls to contain biologic costs. Regionally, the United States retains first-mover access to novel treatments by leveraging the FDA’s breakthrough-therapy channel, while Asia-Pacific’s accelerating reimbursement expansion and massive elderly cohort underpin the fastest unit growth.

Key Report Takeaways

  • By disease form, wet AMD held 65.43% of macular degeneration treatment market share in 2024; dry AMD is expanding at a 10.43% CAGR through 2030.
  • By stage, early-stage AMD represented 72.43% of the macular degeneration treatment market size in 2024, whereas intermediate-stage AMD is rising at a 10.99% CAGR to 2030.
  • By treatment type, drugs commanded 58.97% revenue in 2024, while the device segment is increasing at an 11.76% CAGR through 2030.
  • By route, intravitreal products accounted for 60.43% of the macular degeneration treatment market share in 2024; suprachoroidal delivery is growing at 11.56% CAGR to 2030.
  • By sales channel, hospitals generated 54.32% of 2024 revenue, whereas specialty and retail pharmacies are forecast to climb at an 11.32% CAGR toward 2030.
  • By geography, North America led with 42.43% of 2024 revenue; Asia-Pacific is on track for a 9.54% CAGR over the forecast horizon.

Segment Analysis

By Disease Form: Transition From Wet to Dry AMD Emphasis

Wet AMD’s 65.43% 2024 revenue dominance demonstrates the entrenchment of anti-VEGF therapy, yet growth deceleration is evident as biosimilars erode price and volume share. Trajectory shifts favor the dry-AMD segment, where SYFOVRE and IZERVAY approvals generated the first pharmacologic options for geographic atrophy, cutting lesion-expansion by up to 35%. As real-world data validate safety, payer adoption accelerates, propelling a 10.43% CAGR that reshapes portfolio priorities across the macular degeneration treatment market. Gene-therapy researchers concentrate disproportionately on dry AMD, attracted by a patient pool that comprises roughly 85% of total AMD cases and the opportunity to deliver one-time treatments that could circumvent lifelong injections.

Competitive investment now skews toward complement modulation and photoreceptor protection, with Phase III readouts expected across multiple mechanisms by 2027. Leading incumbents staunch wet-AMD share loss through high-dose aflibercept and combined VEGF/Ang-2 suppression, but strategic capital increasingly shifts to dry-AMD assets via acquisition and co-development deals. Commercial analysts anticipate convergence of wet and dry revenue lines by 2029 if dry-segment uptake maintains current velocity, a milestone that would recalibrate valuation metrics across the macular degeneration treatment industry.

Macular Degeneration Treatment Market: Market Share by Disease Form
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Stage of Disease: Earlier Identification, Earlier Action

Early-stage AMD accounted for 72.43% of the 2024 macular degeneration treatment market size, reflecting diagnostic expansion into primary-care, optometry, and community-pharmacy channels through cloud-connected fundus cameras. Ophthalmic societies endorse AREDS-based supplementation and lifestyle adjustments for newly diagnosed patients, anchoring a preventive-care economy that supports nutraceutical manufacturers and tele-monitoring vendors. Intermediate-stage AMD boasts the fastest segment CAGR at 10.99% through 2030 as complement inhibitors demonstrate lesion-growth suppression and extend “functional vision years” for patients. The commercial narrative emphasizes halting progression rather than restoring lost acuity, aligning payer interest with societal cost-avoidance.

Late-stage AMD remains the highest per-patient revenue tier because of recurring injection schedules and assistive-device demand. Nonetheless, sustained-release implants and gene therapies threaten to compress visit volumes and disrupt traditional fee-for-service business models. Real-time home-OCT devices streamline triage, routing only deteriorating eyes into clinic for prompt rescue, conserving capacity and advancing precision medicine across the macular degeneration treatment market.

By Treatment Type: Drugs Lead, Devices Surge

The drug category’s 58.97% 2024 share owes to entrenched biologics, but volume is fragmenting as payers welcome cost-saving biosimilars and as gene- and cell-therapy candidates near commercialization. Anti-VEGF stalwarts diversify into high-dose or refillable formats to preserve brand equity. Simultaneously, antioxidant formulations and neuroprotective small molecules sustain steady demand in early-stage care protocols. Market analysts expect gene-therapy entry by 2026 to inject a step-change in revenue distribution, potentially shifting 8–10% of drug-segment share from repeat-dose biologics to one-time interventions by 2030.

Devices, rising at 11.76% CAGR, capitalize on innovation in augmented-reality wearables, implantable sensors, and portable imaging. The SolidddVision smartglasses trial delivered a 50% reading-speed improvement, highlighting assistive-tech momentum that resonates with an aging yet tech-literate cohort. Artificial-intelligence firmware embedded in low-vision aids adapts magnification and contrast dynamically, enhancing usability and drawing cross-category interest from neurodegenerative-disease stakeholders. With reimbursement codes expanding for home-monitoring equipment, device revenue is poised to outpace historic peripherals and gain strategic importance within the macular degeneration treatment market.

By Route of Administration: Suprachoroidal and Implantable Systems Challenge Intravitreal Norm

Intravitreal injections delivered 60.43% of 2024 revenue as the gold-standard route, backed by extensive data and clinician familiarity. However, patient discomfort, endophthalmitis risk, and logistical burdens propel innovation. Suprachoroidal injectors in late-stage testing promise comparable efficacy with milder adverse-event profiles and fewer clinic visits, underpinning their rapid 11.56% CAGR. Port-delivery implants like Susvimo, refilled once every nine months, reduce clinic dependence by 80% and have triggered payer pilots evaluating site-of-care reimbursement parity.

Future macular degeneration treatment market options may blend gene-transfer vectors with bio-responsive capsules that secrete protein on demand, effectively erasing rigid route distinctions. As precision-medicine algorithms refine which eyes require intensive dosing, delivery personalization will intensify, shifting emphasis from product label to route customization and patient-experience optimization.

Macular Degeneration Treatment Market: Market Share by Route of Administration
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Note: Segment shares of all individual segments available upon report purchase

Get Detailed Market Forecasts at the Most Granular Levels
Download PDF

By Sales Channel: From Hospital-Centric to Distributed Care

Hospitals generated 54.32% of 2024 global revenue owing to the complexity of injections and emergency-care readiness; nevertheless, the care setting is decentralizing. Specialty and retail pharmacies are on an 11.32% CAGR trajectory, propelled by prescriber comfort with self-injecting pens and extended-release formulations that demand less procedural oversight. Dedicated retina infusion suites and ambulatory surgical centers address cost and convenience in dense urban markets, competing directly with hospital outpatient departments. Tele-consult portals pair with home-OCT hardware, allowing swift evaluation of disease dynamics and prescription refills from afar, integrating community pharmacies deeper into the macular degeneration treatment market value chain.

As payers impose site-neutral reimbursement to drive services out of high-cost hospital settings, manufacturers respond by designing products that tolerate variable cold-chain and storage conditions common in retail channels. Training modules for pharmacists on aseptic technique and adverse-event triage support safe uptake, reinforcing the sector’s march toward distributed care.

Geography Analysis

North America held 42.43% of 2024 revenue, riding the twin engines of Medicare reimbursement and the world’s densest ophthalmologist workforce. FDA priority-review and breakthrough-therapy pathways accelerate first-in-class launches, such as ENCELTO for MacTel approved in March 2025. Yet 5.4% Medicare fee cuts enacted in 2024 squeeze provider margins, catalyzing consolidation of retina practices and adoption of cost-efficient biosimilars. Rural access gaps persist, prompting state tele-optometry pilots that beam AI-evaluated images to urban hubs.

Europe is the second-largest region but faces heterogeneity in health-technology assessments. The EMA’s 2024 denial of SYFOVRE underscores divergence from U.S. regulators and delays access in key markets[3]European Medicines Agency, “Committee for Medicinal Products for Human Use: Meeting Highlights,” ema.europa.eu. Germany and the UK, equipped with robust insurance and strong clinical networks, spearhead uptake of advanced therapies; Mediterranean states lag, constrained by budget ceilings that delay formulary inclusion. EU aging—over 20% of citizens are ≥ 65—intensifies demand, while Horizon 2030 grants inject R&D funds into regional biotechs, sustaining pipeline vibrancy.

Asia-Pacific is the fastest-growing arena at 9.54% CAGR. China’s 260 million seniors by 2030 create colossal demand, but specialist scarcity and uneven insurance temper immediate penetration. Japan’s super-aged society maximizes high-tech treatment uptake under its universal-care umbrella, positioning the nation as a launchpad for gene-therapy rollouts. India leverages AI-powered smartphone fundus imaging to extend reach across ophthalmologist-poor districts, unlocking early-stage volumes. Australia and South Korea blend robust reimbursement with clinical-trial participation, expediting regional approval cascades.

Macular Degeneration Treatment Market CAGR (%), Growth Rate by Region
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.

Competitive Landscape

The macular degeneration treatment market operates at moderate concentration: the top five players commanded roughly 58% of 2024 revenue, anchored by Roche, Novartis, Regeneron, Bayer, and AbbVie. Roche’s Vabysmo tallied CHF 3.9 billion sales in 2024, underscoring blockbuster momentum. Biosimilar aflibercept approvals—five cleared by FDA in 2024—triggered price tension that cut originator volume share by 6 percentage points within nine months. Innovators counter with high-dose or continuous-delivery upgrades and bundle therapy plus diagnostics to sustain differentiation.

Strategic transactions spotlight delivery-technology assets: Merck paid USD 1.3 billion for EyeBio in December 2024, and Alcon scooped up LumiThera’s photobiomodulation platform, signaling value in device-drug convergence. Gene-therapy specialists REGENXBIO and 4D Molecular Therapeutics race for one-time treatment leadership, supported by venture syndicates and fast-track designations that compress approval timelines. Market incumbents hedge by co-marketing deals and option-based licensing that secure exposure to potentially disruptive modalities without over-committing capital.

White-space growth lies in early-intervention agents, combination regimens covering VEGF, ang-2, and complement simultaneously, and personalized dosing algorithms that match therapy to genomic markers. Competitive positioning will increasingly hinge on integrated platforms blending therapy, delivery, and diagnostic feedback loops, shifting advantage from standalone molecules to ecosystem orchestration across the macular degeneration treatment industry.

Macular Degeneration Treatment Industry Leaders

  1. F Hoffmann-La Roche Ltd (Genetech)

  2. Novartis AG

  3. Bausch Health Companies Inc

  4. REGENXBIO Inc.

  5. Regeneron Pharmaceuticals Inc.

  6. *Disclaimer: Major Players sorted in no particular order
Macular Degeneration Treatment Market
Image © Mordor Intelligence. Reuse requires attribution under CC BY 4.0.
Need More Details on Market Players and Competitors?
Download PDF

Recent Industry Developments

  • May 2025: Roche gained FDA approval for Susvimo (ranibizumab injection) for diabetic retinopathy, inaugurating continuous nine-month drug delivery through the Port Delivery Platform.
  • April 2025: Regeneron’s EYLEA HD 8 mg sBLA entered FDA priority review, targeting label expansion that could halve injection frequency.
  • March 2025: Neurotech’s revakinagene taroretcel-lwey (ENCELTO) became the first treatment for MacTel type 2, showing 56.4% photoreceptor-loss reduction.
  • February 2025: FDA broadened avacincaptad pegol (Izervay) labeling for geographic atrophy, enabling flexible dosing.
  • January 2025: Roche closed its acquisition of Poseida Therapeutics, integrating CAR-T technology that may extend to retinal indications.
  • January 2025: SolidddVision unveiled smartglasses at CES delivering 50% reading-speed gains for AMD users.

Table of Contents for Macular Degeneration Treatment Industry Report

1. Introduction

  • 1.1 Study Assumptions & Market Definition
  • 1.2 Scope of the Study

2. Research Methodology

3. Executive Summary

4. Market Landscape

  • 4.1 Market Overview
  • 4.2 Market Drivers
    • 4.2.1 Rising Prevalence of Age-Related Eye Disorders
    • 4.2.2 Rapid Growth of the Global Geriatric Population
    • 4.2.3 Technological Advancements in Ocular Drug Delivery
    • 4.2.4 Strong Late-Stage Pipeline of Novel Therapies
    • 4.2.5 Expansion of Healthcare Access in Emerging Economies
    • 4.2.6 Increasing Healthcare Expenditure on Vision Preservation
  • 4.3 Market Restraints
    • 4.3.1 High Cost of Biologic and Gene Therapies
    • 4.3.2 Limited Reimbursement in Low-Income Regions
    • 4.3.3 Stringent Regulatory and Safety Requirements
    • 4.3.4 Chronic Treatment Burden and Patient Non-Compliance
  • 4.4 Regulatory Landscape
  • 4.5 Porter's Five Forces Analysis
    • 4.5.1 Threat of New Entrants
    • 4.5.2 Bargaining Power of Buyers/Consumers
    • 4.5.3 Bargaining Power of Suppliers
    • 4.5.4 Threat of Substitute Products
    • 4.5.5 Intensity of Competitive Rivalry

5. Market Size & Growth Forecasts (Value, USD)

  • 5.1 By Disease Form
    • 5.1.1 Dry Age-Related Macular Degeneration
    • 5.1.2 Wet Age-Related Macular Degeneration
  • 5.2 By Stage of Disease
    • 5.2.1 Early-Stage AMD
    • 5.2.2 Intermediate-Stage AMD
    • 5.2.3 Late-Stage AMD (Geographic Atrophy & Neovascular)
  • 5.3 By Treatment Type
    • 5.3.1 Drugs
    • 5.3.1.1 Anti-VEGF Agents
    • 5.3.1.2 Complement Pathway Inhibitors
    • 5.3.1.3 Gene & Cell Therapy
    • 5.3.1.4 Dietary Supplements & Antioxidants
    • 5.3.1.5 Other Drugs
    • 5.3.2 Devices
    • 5.3.2.1 Low-Vision Glasses
    • 5.3.2.2 Contact Lenses
    • 5.3.2.3 Retinal Implants & Vision Aids
    • 5.3.3 Surgery
    • 5.3.3.1 Laser Photocoagulation
    • 5.3.3.2 Photodynamic Therapy
    • 5.3.3.3 Other Surgical Procedures
  • 5.4 By Route of Administration
    • 5.4.1 Intravitreal
    • 5.4.2 Suprachoroidal
    • 5.4.3 Intravenous
  • 5.5 By Sales Channel
    • 5.5.1 Hospitals
    • 5.5.2 Ambulatory Surgical Centers
    • 5.5.3 Specialty & Retail Pharmacies
  • 5.6 Geography
    • 5.6.1 North America
    • 5.6.1.1 United States
    • 5.6.1.2 Canada
    • 5.6.1.3 Mexico
    • 5.6.2 Europe
    • 5.6.2.1 Germany
    • 5.6.2.2 United Kingdom
    • 5.6.2.3 France
    • 5.6.2.4 Italy
    • 5.6.2.5 Spain
    • 5.6.2.6 Rest of Europe
    • 5.6.3 Asia-Pacific
    • 5.6.3.1 China
    • 5.6.3.2 Japan
    • 5.6.3.3 India
    • 5.6.3.4 Australia
    • 5.6.3.5 South Korea
    • 5.6.3.6 Rest of Asia-Pacific
    • 5.6.4 Middle East & Africa
    • 5.6.4.1 GCC
    • 5.6.4.2 South Africa
    • 5.6.4.3 Rest of Middle East & Africa
    • 5.6.5 South America
    • 5.6.5.1 Brazil
    • 5.6.5.2 Argentina
    • 5.6.5.3 Rest of South America
    • 5.6.5.3.1 GCC

6. Competitive Landscape

  • 6.1 Market Concentration
  • 6.2 Market Share Analysis
  • 6.3 Company Profiles (includes Global level Overview, Market level overview, Core Business Segments, Financials, Headcount, Key Information, Market Rank, Market Share, Products and Services, and analysis of Recent Developments)
    • 6.3.1 F. Hoffmann-La Roche Ltd
    • 6.3.2 Novartis AG
    • 6.3.3 Regeneron Pharmaceuticals Inc.
    • 6.3.4 Bayer AG
    • 6.3.5 Bausch Health Companies Inc.
    • 6.3.6 Alcon Inc.
    • 6.3.7 Apellis Pharmaceuticals Inc.
    • 6.3.8 Astellas Pharma Inc. (Iveric Bio)
    • 6.3.9 Samsung Bioepis
    • 6.3.10 REGENXBIO Inc.
    • 6.3.11 4D Molecular Therapeutics
    • 6.3.12 Adverum Biotechnologies
    • 6.3.13 EyePoint Pharmaceuticals
    • 6.3.14 Ocular Therapeutix Inc.
    • 6.3.15 Lineage Cell Therapeutics Inc.
    • 6.3.16 PanOptica
    • 6.3.17 OLIX Pharmaceuticals
    • 6.3.18 ONL Therapeutics
    • 6.3.19 MeiraGTx Holdings plc
    • 6.3.20 OnPoint Vision Inc.

7. Market Opportunities & Future Outlook

  • 7.1 White-Space & Unmet-Need Assessment
You Can Purchase Parts Of This Report. Check Out Prices For Specific Sections
Get Price Break-up Now

Global Macular Degeneration Treatment Market Report Scope

As per the scope of the report, macular degeneration is a retinal disorder affecting older people. The early stages of the disease (early and intermediate AMD) are generally asymptomatic, and they gradually progress to the late stages of the disease, which may cause severe visual loss. Macular degeneration symptoms include blurry or fuzzy vision, difficulty recognizing familiar faces, and inability to see in dim light or seeing spots. Macular degeneration diagnosis can be performed through comprehensive dilated eye exam and other tests such as amsler grid, fluorescein angiography, optical coherence tomography (OCT) and pupil dilation.


The macular degeneration treatment market is segmented by type, stage of disease, treatment type, route of administration, and sales channel. By type, the market is segmented into dry age-related macular degeneration and wet age-related macular degeneration. By stage of disease, the market is segmented into early-stage AMD, intermediate-stage AMD, and late-stage AMD. By treatment type, the market is segmented into drugs, devices, and surgery. By route of administration, the market is segmented into intravenous route and intravitreal route. By sales channel, the market is segmented into ambulatory surgical centers, hospitals, and other sales channels. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. For each segment, the market size is provided in terms of value (USD billion).

By Disease Form
Dry Age-Related Macular Degeneration
Wet Age-Related Macular Degeneration
By Stage of Disease
Early-Stage AMD
Intermediate-Stage AMD
Late-Stage AMD (Geographic Atrophy & Neovascular)
By Treatment Type
Drugs Anti-VEGF Agents
Complement Pathway Inhibitors
Gene & Cell Therapy
Dietary Supplements & Antioxidants
Other Drugs
Devices Low-Vision Glasses
Contact Lenses
Retinal Implants & Vision Aids
Surgery Laser Photocoagulation
Photodynamic Therapy
Other Surgical Procedures
By Route of Administration
Intravitreal
Suprachoroidal
Intravenous
By Sales Channel
Hospitals
Ambulatory Surgical Centers
Specialty & Retail Pharmacies
Geography
North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America GCC
By Disease Form Dry Age-Related Macular Degeneration
Wet Age-Related Macular Degeneration
By Stage of Disease Early-Stage AMD
Intermediate-Stage AMD
Late-Stage AMD (Geographic Atrophy & Neovascular)
By Treatment Type Drugs Anti-VEGF Agents
Complement Pathway Inhibitors
Gene & Cell Therapy
Dietary Supplements & Antioxidants
Other Drugs
Devices Low-Vision Glasses
Contact Lenses
Retinal Implants & Vision Aids
Surgery Laser Photocoagulation
Photodynamic Therapy
Other Surgical Procedures
By Route of Administration Intravitreal
Suprachoroidal
Intravenous
By Sales Channel Hospitals
Ambulatory Surgical Centers
Specialty & Retail Pharmacies
Geography North America United States
Canada
Mexico
Europe Germany
United Kingdom
France
Italy
Spain
Rest of Europe
Asia-Pacific China
Japan
India
Australia
South Korea
Rest of Asia-Pacific
Middle East & Africa GCC
South Africa
Rest of Middle East & Africa
South America Brazil
Argentina
Rest of South America GCC
Need A Different Region or Segment?
Customize Now

Key Questions Answered in the Report

What is the current macular degeneration treatment market size?

The macular degeneration treatment market size stands at USD 16.79 billion in 2025.

How fast will the macular degeneration treatment market grow?

The market is forecast to expand at an 8.51% CAGR, reaching USD 25.25 billion by 2030.

Which segment is rising fastest within the macular degeneration treatment market?

Dry AMD therapies lead growth with a 10.43% CAGR through 2030, driven by newly approved complement inhibitors.

Why are device sales accelerating?

Augmented-reality wearables, implantable delivery systems, and home-monitoring sensors deliver greater convenience and are growing at an 11.76% CAGR.

Which region shows the strongest growth outlook?

Asia-Pacific posts the fastest regional expansion at a 9.54% CAGR owing to rapid population aging and widening access to diagnostics and biologics.

How are biosimilars affecting the competitive landscape?

Five FDA-approved aflibercept biosimilars applied downward price pressure, pushing innovators to differentiate via high-dose and extended-release formulations.

Page last updated on: