Diabetic Retinopathy Treatment Market Would Rise to USD 12.03 Billion by 2030
Global Diabetic Retinopathy Treatment Marke research analysis is one of the finest options to resolve business challenges quickly by saving lot of time. The research work, market insights and analysis is carried out thoroughly in this report that puts forth marketplace clearly into the centre of attention. A transparent research method has been accomplished with the right tools and techniques to make Global Diabetic Retinopathy Treatment Market research report world-class. This worldwide industry report gives an actionable market insight to the clients with which sustainable and profitable business strategies can be created. Analysis and discussion of important industry trends, market size, sales volume, and market share are also estimated in the report.
Competitive analysis conducted in the top notch Global Diabetic Retinopathy Treatment Market report puts light on the moves of the key players in the HEALTHCARE industry such as new product launches, expansions, agreements, joint ventures, partnerships, and recent acquisitions. The report puts forth an array of market insights which help with the more precise understanding of the market landscape, issues that may impose on the industry in the future, and how to position specific brands in the best way.
Data Bridge Market Research analyses that the diabetic retinopathy treatment market, which was USD 7.05 billion in 2022, would rise to USD 12.03 billion by 2030 and is expected to undergo a CAGR of 6.9% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.
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Diabetes is a serious problem worldwide, where the inefficiency of the pancreas to produce insulin leads to an increase in blood glucose levels. Diabetic retinopathy is a result of diabetes causing retinal damage. The global prevalence of diabetic retinopathy was around 22.27% Globally, the incidence of DR in diabetic patients is projected to be 27.0%. The services launched to diagnose and improve the disease enhance the market growth in the country. Furthermore, there has been a huge demand for anti-VEGF drugs that has uplifted the market growth.
Market Definition
Diabetic retinopathy (DR) is the most common diabetic eye disease and is a top cause of blindness in people with diabetes. It is mainly caused by fluctuations in blood glucose levels leading to abnormal growth in the light-sensitive tissues present in the eye. When this fluid leaks, it causes the macula to swell or thicken, leading to vision loss. This disease is commonly witnessed in children aged 20 to 74 years.
Recent Development
- In 2021, Eyenuk, Inc in collaboration with Discovery Health has launched a new Diabetic Retinopathy Screening Benefit in South Africa, which is powered by the cutting-edge EyeArt Artificial Intelligent System. It helps in allowing the detection of the onset of diabetic retinopathy rapidly.
Some of the major players operating in the diabetic retinopathy treatment market are:
- Bayer AG (Germany)
- Aurobindo Pharma (India)
- AbbVie Inc. (U.S.)
- Novartis AG (Switzerland)
- F. Hoffmann-La Roche Ltd (Switzerland)
- Bausch Health Companies Inc. (U.S.)
- Accord Healthcare (U.K.)
- Genentech, Inc (U.S.).
- Regeneron Pharmaceuticals Inc (U.S.).
- Abbott (U.S.)
- Kowa Pharmaceuticals America, Inc. (U.S.).,
- Ampio Pharmaceuticals Inc. (U.S.).
- Lumenis Be Ltd (Israel)
- Alimera Sciences Europe Ltd (U.S.)
- Glycadia, Inc (U.S.)
- Oxurion NV (Belgium)
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Opportunities
- Growing Research Activities by Market Players
The increasing research and development activities for developing effective diagnostic and therapeutic methods for diabetic retinopathy will enhance segment growth. For instance, in “Mi-RNA-93 and Mi-RNA-152 in the Diagnosis of Type 2 Diabetes and Diabetic Retinopathy,” published in 2022, MiR-93 and miR-152 can differentiate between patients who have diabetes and those with diabetic retinopathy. Both miRNAs can be potential biomarkers for diabetes and diabetic retinopathy, mainly for proliferative diabetic retinopathy. Thus, this factor boosts market growth.
- Increasing Demand for Anti-VEGF Drugs
The increasing demand for anti-VEGF drugs is due to their efficiency and efficacy in treating diabetic retinopathy. The anti-VEGF drugs are commonly used to treat Proliferative Diabetic Retinopathy (PDR). Furthermore, these drugs were more beneficial than others, mainly in patients suffering from a vitreous hemorrhage, neovascular glaucoma, and before the vitrectomy procedure. Thus, this factor is a major factor that increases market growth.
Diabetic Retinopathy Treatment Market Scope
Treatment Type
- Laser Surgery
- Vitrectomy
- Intraocular Steroid Injection
- Anti-Vascular Endothelial Growth Factor Drug
Type
- Non-Proliferative
- Proliferative
Device Type
- Focal Laser Treatment
- Vitrectomy Devices
- Scatter Laser Treatment
Severity Type
- Mild
- Moderate
- Severe
Drug Type
- Aflibercept
- Bevacizumab
- Fluocinolone
- Ranibizumab
- Triamcinolone Acetonide Injection
End User
- Hospitals
- Ophthalmic Clinics
- Ambulatory Surgical Centers
The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the this research report
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
Top Key Topics Covered:
- Strategic Imperatives
- Factors Creating Pressure on Growth
- The Strategic Imperative
- Growth Opportunities Fuel the Growth Pipeline Engine
- Research Methodology
- Scope and Segmentation
- Research Context and Scope of Analysis
- Segmentation
- Other Techniques for This Research Report Management
- Growth Opportunity Analysis
- Growth Drivers
- Growth Restraints
- Introduction
- The Impact of the COVID-19 Pandemic and Post
- Future Growth
- Innovation Ecosystem
Continued…
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Some of the Most Important Questions Scrutinized in the Business Intelligence Report:
- What are the key growth parameters for this global market during the forecast period?
- Which key players are expected to hold the largest market share over the forecast period?
- Who are the leading vendors and manufacturers in this market?
- What are the key strategies adopted by leading players in the market for business development and geographical expansion?
- Which end-use industries can trigger high demand in the market over the forecast period?
- What are the key segments in this market?
- Which regional player will have anticipated leading the global market in terms of size?
- What is the impact of the novel coronavirus pandemic?
- Which obstacles must new players overcome in order to occupy a major position?
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