Macular Degeneration Treatment Market Size and Share
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.
Global Macular Degeneration Treatment Market Trends and Insights
Driver Impact Analysis
| Driver | % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| Rising Prevalence Of Age-Related Eye Disorders | +2.1% | Global, highest in North America & Europe | Long term (≥ 4 years) |
| Rapid Growth Of The Global Geriatric Population | +1.8% | Global, concentrated in Asia-Pacific & Europe | Long term (≥ 4 years) |
| Technological Advancements In Ocular Drug Delivery | +1.4% | North America & EU leading, spill-over to Asia-Pacific | Medium term (2-4 years) |
| Strong Late-Stage Pipeline Of Novel Therapies | +1.2% | Global, with regulatory advantages in US and EU | Medium term (2-4 years) |
| Expansion Of Healthcare Access In Emerging Economies | +0.9% | Asia-Pacific core, spill-over to MEA & Latin America | Long term (≥ 4 years) |
| Increasing Healthcare Expenditure On Vision Preservation | +0.7% | North America & EU, expanding to middle-income countries | Medium term (2-4 years) |
| Source: Mordor Intelligence | |||
Rising Prevalence of Age-Related Eye Disorders
AMD prevalence is outpacing baseline aging trends by 25% as lifestyle factors such as prolonged screen time, poor diet quality, and rising urban pollution compound hereditary risks[1]Nature Editorial Board, “Lifestyle Factors in AMD Progression,” nature.com. WHO projects 288 million people living with AMD by 2030, pushing health systems toward earlier detection protocols that enlarge the treatable population by 40% relative to clinic-based screening. Untreated AMD already drains USD 343 billion in global productivity and care costs, spurring insurers to endorse preventive regimens including regular imaging and nutritional support. Nations with mature diagnostic networks are witnessing steep adoption of AI-enabled screening that reaches primary-care settings and pharmacies, effectively re-routing patients into therapy pipelines sooner. Pharmaceutical companies are responding with extended-duration implants that align with proactive care models and reduce office-visit congestion.
Rapid Growth of The Global Geriatric Population
Individuals aged ≥ 65 will represent 16.5% of humanity by 2030, and the 85+ cohort—most vulnerable to advanced AMD—is expanding at twice the broader elderly growth rate. Asia-Pacific nations led by Japan and South Korea are confronting unprecedented demand that strains specialist availability and catalyzes tele-ophthalmology adoption. Elderly patients often carry comorbid diabetes or hypertension, complicating anti-VEGF injection regimens and mandating closer safety oversight. U.S. Medicare spending on anti-VEGF therapy climbed from USD 2.51 billion in 2014 to USD 4.02 billion in 2019; projections show another doubling by 2030 absent less costly options[2]Centers for Medicare & Medicaid Services, “Medicare Part B Drug Spending Dashboard,” medicare.gov. Governments thus favor self-administered agents and home-monitoring devices that cushion capacity bottlenecks and temper budget escalation.
Technological Advancements in Ocular Drug Delivery
FDA clearance of Roche’s Susvimo port delivery system in 2025 introduced a refill-once-per-nine-months paradigm that diminishes injection frequency and cuts clinic visits by 80% for eligible patients. Suprachoroidal injectors now in Phase III suggest comparable anatomic gains with fewer adverse events, improving adherence and satisfaction. Gene-therapy vectors are being refined for deeper retinal penetration and controlled expression, targeting the promise of multi-year benefits from a single operation. Nanocarriers direct molecules specifically to photoreceptors, lowering systemic exposure and enabling higher intraocular payloads. When united with cloud-connected OCT devices, these innovations form closed-loop protocols that auto-titrate dosing on biomarker feedback, heralding personalized macular degeneration treatment market workflows.
Strong Late-Stage Pipeline of Novel Therapies
More than 40 candidates in Phase II/III focus on genetic, inflammatory, and neuroprotective pathways, marking the most diverse pipeline in retinal history. ABBV-RGX-314 gene therapy began pivotal studies projecting topline data in 2026, while OpRegen achieved +5.5 letter BCVA gains in early tests, indicating potential structural retina repair. Factor D and alternative pathway modulators aim to out-perform current complement inhibitors by widening the therapeutic window and slashing injection cadence. Combination regimens pairing anti-VEGF with complement inhibition are showing synergistic lesion-regression signals. Regulators on both sides of the Atlantic have granted multiple breakthrough and PRIME designations, compressing timelines and intensifying sponsor competition for first-to-market status.
Restraints Impact Analysis
| Restraints Impact Analysis | (~) % Impact on CAGR Forecast | Geographic Relevance | Impact Timeline |
|---|---|---|---|
| High Cost Of Biologic And Gene Therapies | −1.9% | Global, most severe in emerging markets | Short term (≤ 2 years) |
| Limited Reimbursement In Low-Income Regions | −1.3% | Asia-Pacific, MEA & Latin America | Medium term (2-4 years) |
| Stringent Regulatory And Safety Requirements | −1.1% | US & EU primary, with ripple effects in other regions | Short term (≤ 2 years) |
| Chronic Treatment Burden And Patient Non-Compliance | −0.8% | Global, impacting long-term adherence across all markets | Long term (≥ 4 years) |
| Source: Mordor Intelligence | |||
High Cost of Biologic and Gene Therapies
Leading anti-VEGF injections are priced at USD 1,850–2,000 per dose, and typical regimens of 6–8 injections per year can exceed USD 15,000 before diagnostics and physician fees. One-time gene therapies under development may demand USD 200,000–500,000 per eye, igniting payer scrutiny despite potential lifetime cost offsets. Aflibercept biosimilars launched in 2024 shave 15–30% off list prices, yet switching inertia and product-specific safety data gaps curb rapid penetration. Payers are responding with step-therapy rules, site-of-care restrictions, and outcomes-based contracting pilots that tie reimbursement to visual-acuity durability. These access frictions temper near-term uptake of high-priced modalities and could drag the macular degeneration treatment market CAGR by nearly two percentage points.
Limited Reimbursement in Low-Income Regions
Only 20% of citizens in many low-income countries hold insurance that covers specialty ophthalmology drugs, forcing out-of-pocket payment that is unattainable for most households. National formularies frequently delay inclusion of complement inhibitors or sustained-release devices until multi-year cost-utility dossiers are available. Health-technology assessment backlogs and budget ceilings restrict new biologic listings even after regulatory approval, elongating the gap between science and bedside. Manufacturers run patient-assistance programs, yet coverage breadth is narrow and administrative complexity discourages enrollment. Unless local biosimilar production scales and procurement coalitions negotiate volume-based discounts, coverage constraints will restrain the macular degeneration treatment market in high-growth geographies.
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.
Note: Segment shares of all individual segments available upon report purchase
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.
Note: Segment shares of all individual segments available upon report purchase
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.
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
-
F Hoffmann-La Roche Ltd (Genetech)
-
Novartis AG
-
Bausch Health Companies Inc
-
REGENXBIO Inc.
-
Regeneron Pharmaceuticals Inc.
- *Disclaimer: Major Players sorted in no particular order
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.
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).
| Dry Age-Related Macular Degeneration |
| Wet Age-Related Macular Degeneration |
| Early-Stage AMD |
| Intermediate-Stage AMD |
| Late-Stage AMD (Geographic Atrophy & Neovascular) |
| 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 |
| Intravitreal |
| Suprachoroidal |
| Intravenous |
| Hospitals |
| Ambulatory Surgical Centers |
| Specialty & Retail Pharmacies |
| 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 | ||
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: