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Is Geriatric Population Single-handedly Responsible for Growth of Age-Related Macular Degeneration Market?

AGE-RELATED MACULAR
DEGENERATION MARKET

The geriatric population is increasing all across the globe. Since old age is related with the weakening of bodily functions, aged people are more susceptible to developing diseases as compared to adults. This is why the prevalence of diseases among the geriatric population is widely high. Among several other diseases, age-related macular degeneration (AMD) is a disease that usually affects aged people. Therefore, the rising geriatric population is driving the growth of the global AMD market

A disorder caused because of loss of vision in a person because of macula damage is referred to as age-related macular degeneration. Macula is the part of the eye that enables a person to see. It is made up of numerous light-sensing cells that provide sharp central vision. The degeneration of this part of the eye causes the person to have blurry vision and can eventually make the person blind. AMD typically affects people over the age of 50 years. 

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Age-Related Macular Degeneration Market Trends and Competitive Landscape

Age-Related Macular Degeneration (AMD) Market is expected to attain a value of $8.9 billion by 2022, witnessing a CAGR of 7.6% during the forecast period (2016–2022).

https://www.psmarketresearch.com/market-analysis/age-related-macular-degeneration-market/report-sample

 

Since the burden of this disease is increasing, the government expenditure in the healthcare industry is rising as well. The treatment of this disease is expensive and the high physician fees increase the healthcare cost for people exponentially. Owing to this, governments of several countries are increasing their expenditure in the healthcare industry for facilitating accessibility to affordable treatment. This is further predicted to result in the growth of the market in the years to come. 

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