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Neovascular age-related macular degeneration, a type of age-related macular degeneration (AMD or ARMD), is a common medical disorder which results in complete or partial loss of vision in the center of the visual field of eye. The macula is the most sensitive part of the retina located at the back of the eye which comprises millions of light-sensing cells that are responsible for sharp, central vision. When the macula is impaired, the center of vision may appear blurry, distorted, or dark. In neovascular AMD (also called wet AMD), unusual blood vessels develop under the retina and leak fluid and blood, which leads to swelling and damage of the macula. Age-related macular degeneration (AMD) is a primary reason for vision disorders among people aged 50 and above. There may be no apparent symptoms in the initial stages of the disease, but a patient starts experiencing a steady deterioration of vision over time. The disease may affect one or both the eyes. Although it does not lead to complete blindness, age-related macular degeneration is still a debilitating disease as the loss of vision in the central portion of eye can severely affect simple activities of daily life such as driving, reading, writing, and recognizing faces. Although people with a genetic history of AMD are at a higher risk, smoking and race also play important role. Caucasians are found to be more susceptible to age-related macular degeneration (AMD) than people from other races.

The neovascular age-related macular degeneration market is anticipated to witness strong growth during the forecast period owing to launch of various promising drugs. Favorable reimbursement scenario and growing awareness about the disease are also expected to increase demand for better treatment and diagnosis of the disease at an early stage. Rapid increase in the prevalence of complex neurological diseases and genetic disorders have fueled demand for high-end R&D approaches which in turn is anticipated to boost the neovascular age-related macular degeneration market. Moreover, increasing investments in research and development of novel treatment molecules by private and government bodies and rise in geriatric population are expected to propel the neovascular age-related macular degeneration market in the near future. Development of innovative tools in health care management are also likely to augment the market. However, low research and development (R&D) yields, stringent regulatory framework, and lack of awareness are some of the restraints of the neovascular age-related macular degeneration market.

Based on treatment type, the age-related macular degeneration market can be segmented into injecting anti-VEGF (vascular endothelial growth factor), prescribed antibiotic drops, photodynamic therapy, and laser surgery. A dynamic shift toward combination products, using two or more effective treatments, is being observed as a promising factor in treating neovascular age-related macular degeneration. Geographically, the neovascular age-related macular degeneration market can be segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is projected to hold the largest share of the global neovascular age-related macular degeneration market due to presence of superior research and health care base, strong regional economics, and greater emphasis on prevention and wellness by governments. The neovascular age-related macular degeneration market in Europe is expected to witness rapid growth driven by high consciousness about wellbeing in the region and increased spending on R&D. Major factors for the positive outlook are extensive development of health care infrastructure and growing emphasis on research and development in the health care sector.

Key players in the global neovascular age-related macular degeneration market include Alcon, Allergan, Bausch + Lomb, Novartis, Pfizer, Bayer HealthCare, F. Hoffmann-La Roche, Regeneron Pharmaceuticals, Gilead Sciences, Ohr Pharmaceutical, and Ophthotech Corporation.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Neovascular Age Related Macular Degeneration Market