Aims To consider the cost implication of adopting epimacular brachytherapy (EMB) for the treatment of neovascular (wet) age-related macular degeneration (wAMD), compared with ranibizumab or bevacizumab monotherapy. Methods This analysis compared the cumulative 3-year costs of anti-VEGF (vascular endothelial growth factor) monotherapy to EMB combined with anti-VEGF therapy. Two patient groups were considered: newly diagnosed (treatment-naïve) patients; and patients already receiving chronic anti-VEGF therapy. Results In the treatment-naïve patients, the highest cumulative treatment costs were associated with ranibizumab monotherapy (d25 658), followed by bevacizumab monotherapy (d16 177), EMB with ranibizumab (d14 002), then EMB with bevacizumab (d10 289). In previously treated patients, the highest treatment costs were ranibizumab monotherapy (d18 355), followed by EMB with ranibizumab (d17 428), bevacizumab monotherapy (d16 177), then EMB with bevacizumab (d12 129). Conclusion EMB combined with anti-VEGF treatment has the potential to yield considerable cost savings, compared with anti-VEGF monotherapy. If the ongoing large studies of EMB confirm the published feasibility data, then adjuvant EMB may represent a cost-effective alternative to anti-VEGF monotherapy.