A new market study, titled “Discover Global AMD Drugs Market Upcoming Trends, Growth Drivers and Challenges” has been featured on WiseGuyReports.
The global AMD drugs market was worth $ XX billion in 2018 and is forecasted to reach $ XX billion by 2026, at a CAGR of XX% during the forecast period.
The healthcare industry is an amalgamation of various industries and sectors which cater to the health of patients and offer preventive and rehabilitative services. It consists of various medical goods which can range from systems to drugs and vaccines. It is touted to be one of the fastest growing sectors owing to the thriving medical tourism sector as well as adoption of latest healthcare business models across developed and developing nations for combating chronic diseases.
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The global AMD drugs market is segmented into North America, Europe, Asia Pacific, South America and ROW.North America is dominating the global AMD drugs market, due to the increasing acceptance for investigation of pipeline product, and regulatory approval of AMD drugs, which is fueling the market growth.
One of the major factors driving the healthcare domain are the deluge of chronic diseases affecting mortality rates. Countries worldwide invest a significant amount of their gross domestic product (GDP) for enhancing the healthcare models. For instance, the U.S. government spends close to USD 3.9 trillion for the welfare of their people. This is directly correlated to the high spending patterns of patients. Other efforts include comprise upgradation of legacy equipment, hiring skilled personnel, and integration of information technology to digitize data.
Based on product type the global market for AMD drugs is broadly segmented as by wet AMD, and dry ADM. Currently wet AMD is the dominant segment and it accounts for approximately XX% of the market, due to the increasing regulatory approval for wet AMD.
Ageing is another concern which drives the healthcare domain. According to the United Nations, the geriatric populace of persons more than 60 is expected to double to 2.1 billion by 2050 owing to good healthcare infrastructure. In addition, the steady economy and low employment rates which provide an impetus to purchasing power of patients has played a steady role in the sector. In addition, risk and insurance professionals have benefited greatly by offering medical coverage to demographics ranging from boomers to millennials.
Various sectors within the healthcare domain include medical devices, biotechnology, medicine & pharmacy, pharmaceutical, healthcare IT, diseases & therapeutic areas, animal healthcare/veterinary, and rehabilitation. Biotechnology is one of the prominent and emerging sub-sects within the industry. The use of living organisms to expedite the healing process is lucrative for the sector. Manufacturers have commenced the production of implants made from living materials. The success of additive manufacturing or 3D printing is likely to bode well in the forthcoming years. It can assist with bone regeneration which can create accurate lattice structure which match with tissues within the body.
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In June 2015, Bayer HealthCare have collaborated with Johns Hopkins University for 5 year to jointly develop new therapies targeting retinal diseases. Bayer have partnered with Johns Hopkins’ Wilmer Eye Institute to discover and develop drugs for back-of-the-eye diseases that include age-related macular degeneration (AMD), diabetic macular edema (DME), geographic atrophy, Stargardt’s disease, and retinal vein occlusion (RVO).
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