Geographic Atrophy (GA) Market Analytical Overview, Growth Factors, Demand And Trends Forecast To 2031
The global geographic atrophy (GA) market is anticipated to witness steady growth, with a Compound Annual Growth Rate (CAGR) of 7.2% over the forecast period from 2023 to 2030. Geographic atrophy, also known as advanced dry age-related macular degeneration (AMD), is a progressive degenerative eye disease characterized by the gradual loss of retinal cells and central vision. Key factors driving the growth of the GA market include:
Aging Population and Increasing Disease Burden: The aging population, coupled with the rising prevalence of age-related macular degeneration (AMD), is driving market growth and demand for innovative therapies and treatment modalities to address the unmet medical needs of patients with geographic atrophy.
Advancements in Disease Understanding and Biomarker Development: Continuous advancements in disease understanding, biomarker identification, and molecular profiling are driving innovation in GA research and drug development, enabling the identification of novel therapeutic targets and precision medicine approaches for personalized treatment strategies.
Emerging Therapeutic Modalities and Pipeline Candidates: The emergence of novel therapeutic modalities, including complement inhibitors, anti-inflammatory agents, neuroprotective agents, and cell-based therapies, is driving market growth and investment in GA drug development pipelines, offering promising treatment options for patients with geographic atrophy.
Clinical Trials and Regulatory Landscape: The increasing investment in clinical trials, regulatory support, and expedited review pathways for orphan diseases and unmet medical needs are driving market growth and acceleration of GA drug development programs, facilitating faster market access and approval of innovative therapies.
Patient Advocacy and Awareness Initiatives: Patient advocacy groups, disease awareness campaigns, and educational initiatives are driving market growth and raising awareness about geographic atrophy, highlighting the impact of vision loss on patients' quality of life and advocating for early diagnosis, timely intervention, and access to innovative treatments.
Collaborative Research and Industry Partnerships: Collaborative research initiatives, academic-industry partnerships, and consortia efforts are driving market growth and fostering collaboration among key stakeholders, including pharmaceutical companies, academic institutions, government agencies, and patient advocacy organizations, to accelerate GA research and drug development.
MARKET SEGMENT
By Age Group
- Above 60 Years
- Above 75 Years
By Diagnosis
- Fundus Autofluorescence (FAF)
- Optical Coherence Tomography Angiography (OCT-A)
- Multifocal Electroretinography (mfERG)
By Therapeutic Agents Clinical Phase
- Late-stage (Phase III)
- Phase II
- Phase I
- Pre-clinical stage & Discovery candidates
The Key players are AstraZeneca plc, Gyroscope Therapeutics Limited, Hoffmann-La Roche AG, Apellis Pharmaceuticals, Inc., Iveric Bio, Gensight Biologics SA, Stealth BioTherapeutics, Allegro Ophthalmics, LLC, Regenerative Patch Technologies, LLC, Genentech, Inc., Alkeus Pharmaceuticals, Inc., NGM Biopharmaceuticals Inc., Hemera Biosciences LLC, and Other Players.
As the global healthcare community continues to prioritize vision health, age-related diseases, and precision medicine approaches, the geographic atrophy market is expected to witness sustained growth, driven by technological innovation, clinical research advancements, and increasing demand for novel therapies that preserve and restore vision in patients with geographic atrophy.
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