AGE-RELATED MACULAR DEGENERATION THERAPEUTICS MARKET ANALYSIS

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Global Age-related Macular Degeneration Therapeutics Market – Regional Insights

North America accounted for the largest market share in 2018, owing to product approvals and launches of new age-related macular degeneration therapeutics products in the region. For instance, in October 2019, Novartis received the U.S. Food and Drug Administration (FDA) approval for Beovu (brolucizumab) injection for the treatment of wet age-related macular degeneration (AMD). Moreover, in August 2018, Regeneron Pharmaceuticals, Inc., received the U.S. Food and Drug Administration (FDA) approval for supplement Biologics License Application (sBLA) for EYLEA injection for the treatment of wet age-related macular degeneration (wet AMD).

Moreover, various mergers, agreements, and acquisitions by the market players are expected to drive the market growth over the forecast period. For instance, in September 2019, Boehringer Ingelheim entered into a co-development and license agreement with Inflammasome Therapeutics Inc., to develop three therapies for patients suffering from with retinal diseases such as age-related macular degeneration (AMD), diabetic retinopathy (DR), and diabetic macular edema (DME). The agreement is expected to strengthen retinal disease pipeline portfolio of Boehringer Ingelheim.