Surging Geriatric Population Driving the Wet Age-Related Macular Degeneration (AMD) Market Growth

The growth in the wet age-related macular degeneration (AMD) sector is offering lucrative opportunities for the drug manufacturers and retailers. With the worldwide surge in geriatric population, the burden of age-related macular degeneration (AMD) continues to rise at an unprecedented rate. AMD is the third leading cause of severe vision impairment that can possibly lead to blindness, and the risk of developing AMD is directly proportional to age. Thus, with the increasing population of the elderly, the prevalence of AMD is rising globally.

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Moreover, as older people are more prone to degenerative disorders, the increasing incidence of AMD in this section of the society is anticipated to result in the increased demand for treatment drugs, thus driving the sector growth in the forecast period. Although preventive measures such as smoking cessation and regular exercises can delay and prevent AMD from progressing to the advanced stage, the unavailability of specific treatment for the disease is aiding the growth of the domain.

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Created on Feb 5th 2020 03:11. Viewed 389 times.

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