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Macular Degeneration Market To Witness Modest Growth In The Asia-Pacific Region

Due to the absence of promising products in the pipeline or expected new drug launches, the macular degeneration market in the Asia-Pacific region (India, Australia, China and Japan) is expected to undergo a moderate increase from $675.7m in 2012 to $1,016.1m by 2019, at a Compound Annual Growth Rate (OTCPK:CAGR) of 6%, says Macular Degeneration Therapeutics Market in Asia-Pacific to 2019 - Existing Angiogenics Retain Dominance Though High Unmet Need.

According to Macular Degeneration Therapeutics Market in Asia-Pacific to 2019 - Existing Angiogenics Retain Dominance Though High Unmet Need, Japan represented 53% of the macular degeneration market in the Asia-Pacific region in 2012, followed by Australia, with a 33% share. Although there is currently no prominent drug launches scheduled, the market is set to grow moderately due to an increase in the region's aging population.

Additionally, in 2012, approximately 98% of the global wet Age-related Macular Degeneration (NASDAQ:AMD) market revenue was generated by anti-angiogenic therapies.

The cumulative revenue achieved by these therapies (Lucentis, Eylea and Macugen) was found to be $4.9 billion. Nearly 80% of the revenue was generated by Lucentis, followed by the new entrant, Eylea, with a share of 18%.

Another market driver is the considerable research and development (R&D) activities surrounding novel and effective diagnostic tools for the identification of AMD, such as ArcticDx Inc., which has developed a test to determine a person's inherited risk for AMD.

However, the high annual cost of therapy for the AMD drugs, except the off-label Avastin, challenges the number of people using the treatment, especially in countries such as India and China, due to low healthcare access.

Macular Degeneration Therapeutics Market in Asia-Pacific to 2019 - Existing Angiogenics Retain Dominance Though High Unmet Need: "Along with the high cost of therapy, patient compliance also diminishes following a slight improvement in vision or attainment of symptomatic relief. Such reduced adherence to the treatment regimen could be a barrier to the macular degeneration therapeutics market."

Additionally, there is a high percentage of failure rates in both early and late-stage clinical trials of the therapy, which could also hinder further market growth.

Macular Degeneration Therapeutics Market in Asia-Pacific to 2019 - Existing Angiogenics Retain Dominance Though High Unmet Need

Macular Degeneration Therapeutics Market in Asia-Pacific to 2019 - Existing Angiogenics Retain Dominance Though High Unmet Need provides in-depth insights into the macular degeneration market forecast until 2019 for the Asia-Pacific (NASDAQ:APAC) region covering the four countries of Australia, China, India and Japan.