Surging Geriatric Population Driving the Wet Age-Related Macular Degeneration (AMD) Market Growth
The growing prevalence of age-related macular degeneration (AMD), lack of specific treatment availability, and increase in geriatric population are driving the growth of the wet age-related macular degeneration market.
By: P&S Intelligence
On the basis of product, the wet age-related macular degeneration market (https://www.psmarketresearch.com/
The wet age-related macular degeneration market is divided into direct and indirect channels on the basis of distribution channel. Of these, in 2018, the direct channel category held more than 60.0% share in the market, owing to the fact that a direct channel of distribution demands less investment and excludes the need for a third person for the supply of products, thereby making the process simpler and shorter. Hence, market players prefer selling their products directly to pharmacies and medical stores.
Based on the age group, the wet age-related macular degeneration (https://www.psmarketresearch.com/
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Japan, Germany, Italy, and Portugal are among the nations with the largest population of elderly in the world. As older people are more prone to degenerative disorders, the increasing geriatric population in these countries is anticipated to contribute to the rising demand for drugs for wet AMD treatment, thus driving the wet age-related macular degeneration market during the forecast period.
Therefore, the surging geriatric population across the world is pushing the demand for drugs for treating wet AMD, resulting in the growth of the market.
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