You are viewing: South Korea Age-related Macular Degeneration (AMD) Drugs Market analysis

The South Korea Age-related Macular Degeneration (AMD) Drugs Market was valued at $0 Million in 2024 and projected to reach to $6.8 Million by 2029, representing a compound annual growth rate of CAGR 7.9%. South Korea's AMD drugs market is poised for steady growth through 2029, driven by demographic shifts and an aging population increasingly susceptible to vision-threatening conditions.

South Korea Age-related Macular Degeneration (AMD) Drugs Market (2024-2029) : Size and Share
logo-mobile
CAGR of
cagr-Chart
USD Million
MARKET SNAPSHOT
Market Size in USD 26.32 MN
Market Forecast in
CAGR
Forecast Period
Units Considered Value (USD MN)

South Korea Age-related Macular Degeneration (AMD) Drugs Market Trends and Insights

  • In 2024, South Korea's AMD drugs market is estimated at USD 0.0 million, reflecting the early-stage development of this therapeutic segment in the country.
  • By 2029, South Korea is projected to reach a market size of USD 6.8 million, driven by increasing prevalence of age-related vision disorders and growing healthcare investment in ophthalmology. South Korea's aging population and rising awareness of AMD treatment options are key factors supporting market expansion through 2029.
  • The country's advanced healthcare infrastructure and strong pharmaceutical sector position South Korea as an emerging hub for AMD drug adoption in the Asia Pacific region.
  • South Korea's regulatory environment and reimbursement policies are gradually evolving to support innovative AMD therapies, creating opportunities for both domestic and international market players..

Key Market Statistics

  • CAGR (2024-2029) CAGR 7.9%
  • Market Size, 2024 ~USD 0 Million
  • Forecast, 2029 ~USD 6.8 Million
  • Country South Korea

South Korea Age-related Macular Degeneration (AMD) Drugs Market Overview

Rapid Market Expansion :

South Korea's AMD drugs market is experiencing significant growth, expanding from USD 0.0 million in 2024 to USD 6.8 million by 2029, driven by increasing prevalence of age-related macular degeneration among the aging population.

Strong CAGR Performance :

The market is growing at a CAGR of 7.9% from 2024-2029, demonstrating robust demand for AMD therapeutics in South Korea, though slightly below the global CAGR of 10.7%.

Aging Demographics :

South Korea's rapidly aging society, with increasing life expectancy, is driving higher incidence rates of age-related macular degeneration, creating sustained demand for innovative treatment options.

Healthcare Infrastructure :

South Korea's advanced healthcare system and strong pharmaceutical market position support the adoption of cutting-edge AMD therapies and diagnostic technologies.

South Korea Age-related Macular Degeneration (AMD) Drugs Market Dynamics

  • The market's expansion from near-zero baseline reflects growing awareness, improved diagnosis rates, and increased healthcare spending on ophthalmological treatments.
  • South Korea's sophisticated healthcare infrastructure and strong pharmaceutical sector provide favorable conditions for market development.
  • As treatment options expand and patient access improves, the market is expected to capture growing demand from both urban and regional healthcare facilities, positioning South Korea as an emerging market for AMD therapeutics in the Asia-Pacific region..

Related Ecosystem

Pharmaceuticals

Top Technologies
  • Bioreactors
  • Analytical Testing
  • Bioanalytical Testing Services
  • Cell Counters
  • Data Management Services
Top Companies
  • Thermo Fisher Scientific Inc.
  • SANOFI
  • Merck KGaA
  • NOVARTIS
  • Pfizer Inc.

    Key Takeaways

    • South Korea's AMD drugs market is projected to grow from USD 0.0M in 2024 to USD 6.8M by 2029 at a CAGR of 7.9%.
    • South Korea's aging demographic and increased healthcare spending on ophthalmology are primary growth catalysts for the AMD market.
    • South Korea's regulatory framework and reimbursement landscape are gradually improving to support AMD drug accessibility and adoption.
    • South Korea represents an emerging opportunity within the Asia Pacific AMD drugs market, with significant untapped potential for market expansion.

    Age-related Macular Degeneration (AMD) Drugs Market Report Scope

    Report Metric Details
    Base Year 2024
    Fastest Growing Segment BIOSIMILARS (Approval Type)
    Forecast Period 2024-2029
    Growth Rate CAGR of 10.7% from 2024 to 2029
    Largest Segment BIOLOGICS (Approval Type)
    Market Size Base Year (Billions) ~USD 10.45 (2024)
    Revenue Forecast (Billions) ~USD 17.37 (2029)
    Segments Covered Product, Molecule, Approval Type, Type Of Amd, End User

    South Korea Age-related Macular Degeneration (AMD) Drugs Market Report Segmentation

    5 segment dimensions are covered across the global market.

    By Product

    • Eylea & Eylea Hd
    • Lucentis
    • Other Products
    • Syfovre
    • Vabysmo

    By Molecule

    • Aflibercept
    • Faricimab
    • Other Molecules
    • Pegcetacoplan
    • Ranibizumab

    By Approval Type

    • Biologics
    • Biosimilar
    • Biosimilars

    By Type Of Amd

    • Dry Amd
    • Wet Amd

    By End User

    • Hospitals
    • Long-Term Care Facilities
    • Specialty Centers

    Target Audience

    • Pharmaceutical Manufacturers : Drug developers and manufacturers need South Korea-specific market data to evaluate expansion opportunities, assess competitive positioning, and plan product launches in this growing AMD therapeutic market.
    • Healthcare Investors : Investment firms and venture capitalists require detailed market forecasts and growth projections for South Korea to make informed decisions on funding ophthalmology companies and AMD drug developers.
    • Medical Device Companies : Diagnostic and treatment device manufacturers need insights into South Korea's AMD market to identify partnership opportunities and develop complementary solutions for the expanding patient base.
    • Healthcare Consultants : Strategy consultants advising healthcare clients need country-specific market intelligence to develop business plans, competitive strategies, and market expansion roadmaps for South Korea.
    • Government & Policy Makers : South Korean health authorities and policymakers require market data to inform healthcare policy, reimbursement decisions, and resource allocation for ophthalmological care and AMD treatment programs.

    Reasons to Buy this Report

    • Market Entry Strategy : Gain comprehensive insights into South Korea's AMD market dynamics to develop targeted market entry strategies and identify optimal positioning for pharmaceutical products in this emerging therapeutic segment.
    • Competitive Intelligence : Understand the competitive landscape specific to South Korea, including local players, distribution channels, and regulatory pathways essential for successful market penetration and product launches.
    • Growth Opportunity Assessment : Evaluate the 7.9% CAGR growth trajectory and USD 6.8 million market potential by 2029 to assess investment viability and revenue projections for AMD drug development in South Korea.
    • Patient Demographics & Demand : Access detailed data on South Korea's aging population demographics, disease prevalence, and patient demand patterns to inform product development and commercialization strategies.
    • Regulatory & Reimbursement Insights : Obtain country-specific information on South Korean regulatory requirements, healthcare reimbursement policies, and pricing strategies critical for successful market operations.

    Frequently asked questions

    What is the projected market size of AMD drugs in South Korea by 2029?

    South Korea's AMD drugs market is forecast to reach USD 6.8 million by 2029, growing from USD 0.0 million in 2024.

    What is the CAGR for South Korea's AMD drugs market between 2024 and 2029?

    South Korea's AMD drugs market is expected to expand at a CAGR of 7.9% from 2024 to 2029.

    What factors are driving growth in South Korea's AMD drugs market?

    South Korea's AMD market growth is driven by an aging population, increased healthcare investment in ophthalmology, rising disease awareness, and improving regulatory support for innovative therapies.

    How does South Korea's AMD market compare to other Asia Pacific countries?

    South Korea's AMD drugs market represents an emerging segment within Asia Pacific, with steady growth potential supported by advanced healthcare infrastructure and strong pharmaceutical capabilities.

    What role does reimbursement play in South Korea's AMD drugs market?

    South Korea's evolving reimbursement policies and regulatory environment are gradually improving access to AMD treatments, supporting market expansion and drug adoption among eligible patients.

    RESEARCH METHODOLOGY

    This research study involved the extensive use of secondary sources, directories, and databases to identify and collect valuable information for the analysis of the global age-related macular degeneration (AMD) drugs market. In-depth interviews were conducted with various primary respondents, including key industry participants, subject-matter experts (SMEs), C-level executives of key market players, and industry consultants, to obtain and verify critical qualitative and quantitative information and assess the growth prospects of the market. The global market size estimated through secondary research was then triangulated with inputs from primary research to arrive at the final market size.

    Secondary Research

    The secondary sources referred to for this research study include publications from government sources. Corporate and regulatory filings, such as annual reports, SEC filings, investor presentations, and financial statements; business magazines & research journals; white papers; press releases; and trade, business, and professional associations, were also used as secondary sources for this research report. Secondary data was collected and analyzed to arrive at the overall size of the global Age-Related Macular Degeneration (AMD) drugs market, which was validated through primary research.

    Primary Research

    Extensive primary research was conducted after acquiring basic knowledge about the global Age-Related Macular Degeneration (AMD) drugs market scenario through secondary research. Several primary interviews were conducted with market experts from the demand side, such as ophthalmologists, and personnel from specialty centers and long-term care facilities, along with experts from the supply side, such as C-level and D-level executives, product managers, marketing & sales managers of key manufacturers, distributors, and channel partners. These interviews were conducted across six major regions, including the Asia Pacific, North America, Europe, Latin America, the Middle East, and Africa. Approximately 70% and 30% of the primary interviews were conducted with supply-side and demand-side participants, respectively. This primary data was collected through questionnaires, e-mails, online surveys, personal interviews, and telephonic interviews.

    The following is a breakdown of the primary respondents:

    Age-Related Macular Degeneration (AMD) Drugs  Market Size, and Share

    To know about the assumptions considered for the study, download the pdf brochure

    Market Size Estimation

    The global size of the market was estimated through multiple approaches. A detailed market estimation approach was followed to estimate and validate the value of the age-related macular degeneration (AMD) drugs market and other dependent submarkets. These methods were also used extensively to estimate the size of various subsegments in the market. The research methodology used to estimate the market size includes the following:

    • The key players in the industry and market have been identified through extensive primary and secondary research.
    • The revenues generated from the age-related macular degeneration (AMD) drugs business of leading players have been determined through primary and secondary research.
    • All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.

    Age-Related Macular Degeneration (AMD) Drugs  Market Size, and Share

    To know about the assumptions considered for the study, Request for Free Sample Report

    Age-Related Macular Degeneration (AMD) Drugs  Market Size, and Share

    Data Triangulation

    After arriving at the market size from the market size estimation process explained above, the total market was divided into several segments and subsegments. Data triangulation and market breakdown procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics for all segments and subsegments.

    Market Definition

    Age-related macular degeneration (AMD) is a progressive eye condition that primarily affects individuals over the age of 50, leading to the deterioration of central vision due to damage to the macula, the part of the retina responsible for sharp, detailed vision. AMD is classified into two main types: dry (non-neovascular) and wet (neovascular). Dry AMD involves the gradual breakdown of light-sensitive cells in the macula, often indicated by the presence of drusen (yellow deposits). Wet AMD is characterized by the growth of abnormal blood vessels beneath the retina, which leak fluid or blood, causing rapid vision loss. This market includes the market for marketed biologics and biosimilars along with Phase 3 molecules for the treatment of AMD.

    Stakeholders

    • Pharmaceutical & biotechnology companies
    • Hospitals
    • Specialty centers
    • Long-term care facilities
    • Academic researchers and government research organizations
    • Private research institutes
    • Contract manufacturing organizations (CMOs)
    • Contract research organizations (CROs)
    • Venture capitalists

    Report Objectives

    • To define, describe, and forecast the global age-related macular degeneration (AMD) drugs market based on product, molecule, type of AMD, approval type, end user, and region
    • To provide detailed information regarding the major factors influencing the growth of the market (such as drivers, restraints, opportunities, and challenges)
    • To strategically analyze micromarkets with respect to individual growth trends, prospects, and contributions to the overall market
    • To analyze the opportunities in the market for stakeholders and provide details of the competitive landscape for market leaders
    • To forecast the size of the market segments with respect to six main regions, namely, North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa
    • To profile the key players and comprehensively analyze their product & service portfolios, market positions, and core competencies
    • To track and analyze competitive developments such as acquisitions, product/ service launches, expansions, agreements, partnerships, and collaborations in the market

    Available Customizations

    With the given market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for this report:

    Geographical Analysis

    • Further breakdown of the Rest of Europe Age-related macular degeneration (AMD) drugs market, by country
    • Further breakdown of the Rest of Asia Pacific Age-related macular degeneration (AMD) drugs market, by country
    • Further breakdown of the Rest of Latin America and Middle East & Africa Age-related macular degeneration (AMD) drugs market, by country

    Company Information

    • Detailed analysis and profiling of additional market players (up to five)

    Get the Full Age-related Macular Degeneration (AMD) Drugs Market Report

    Full forecast, segment splits, and company analysis for all Age-related Macular Degeneration (AMD) Drugs Market.

    Need a Tailored Report?

    Customize this report to your needs

    Get 10% FREE Customization

    Customize This Report
    Fact checked
    DMCA.com Protection Status