Diabetic Macular Edema Market Expected to Grow USD 3.93 Billion by 2029, Share, Growth Applications, Drivers & Forecast

PRESS RELEASE
Published February 13, 2023

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Data Bridge Market Research analyses that the diabetic macular edema (DME) market was valued at USD 3.02 billion in 2021 and is expected to reach USD 3.93 billion by 2029, registering a CAGR of 3.36% during the forecast period of 2022 to 2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Diabetes macular edema (DME) is one of the most common causes of diabetic visual loss. It’s thought to be caused by the retinal vasculature’s hyper-permeability. Diabetic retinopathy severity is associated to macular edema. The pathophysiology and molecular processes involved in the development of diabetic macular edema are complex, necessitating a better knowledge of the disease’s pathogenesis and molecular pathways. In recent years, pharmaceutical companies have targeted combinations of many medicines to treat DME, aiming to target separate routes or different phases of the same pathway. Medication and laser surgery are two well-established treatments to preserve the patient’s vision and decrease future vision loss.

LEO Pharma A/S (Denmark), Amneal Pharmaceuticals LLC. (US), Glenmark Pharmaceuticals Limited (India), Dr. Reddy’s Laboratories Ltd. (India), AstraZeneca (UK), Johnson & Johnson Private Limited (US), Bausch Health Companies Inc. (Canada), Eli Lilly and Company (US), AbbVie Inc. (US), Abbott (US), F. Hoffmann-La Roche Ltd. (Switzerland), Mylan N.V. (US), Teva Pharmaceutical Industries Ltd. (Israel), Sanofi (France), Novartis AG (Switzerland), Sun Pharmaceutical Industries Ltd. (India), Aurobindo Pharma (India), Lupin (India), Allergan (Ireland), Merck & Co., Inc. (US), Pfizer Inc. (US), GlaxoSmithKline plc (UK), IRIDEX Corporation (US)

Recent Development

  • In March 2022, Novartis had announced the approval of the European Commission (EC) Beovu (brolucizumab) 6 mg. it is used for treating visual impairment which occurs due to diabetic macular edema (DME). Year one data from the Phase III KESTREL and KITE studies, which compared Beovu (brolucizumab) 6 mg to aflibercept 2 mg in DME patients, were used to gain approval. Beovu was non-inferior to aflibercept in terms of change in best-corrected visual acuity (BCVA) from baseline in KESTREL and KITE, and showed promise for fluid resolution in numerically more DME patients than aflibercept.

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Diabetic Macular Edema (DME) Market Dynamics

Drivers

  • Increasing prevalence of diabetes

The rising prevalence of diabetes is anticipated to influence the diabetic macular edema (DME) market’s growth during the forecast period. The prevalence rate of diabetic macular edema (DME) in type 2 diabetes patients is higher than in type 1 diabetes patients. Along with this, the growing incidences of hyperlipidaemia, fluid retention, hypertension and kidney diseases are the various medical ailments developing the risk of diabetic macular edema (DME).

  • Increasing investment for healthcare infrastructure

Another significant factor influencing the growth rate of diabetic macular edema (DME) market is the rising healthcare expenditure which helps in improving its infrastructure.

Furthermore, rising initiatives by public and private organizations to spread awareness will expand the diabetic macular edema (DME) market. Additionally, high disposable income and favorable reimbursement scenario will result in expanding diabetic macular edema (DME) market. Along with this, rising geriatric population and continuously changing lifestyle will enhance the market’s growth rate.

Opportunities

  • Increase in the number of research and development activities       

Moreover, the market’s growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for market growth in diabetic macular edema (DME). Along with this, rising approvals and launches of new diabetic macular edema (DME) drugs will further propel the market’s growth rate.

Moreover, rising investment for the development of advanced technologies and an increase in the number of emerging markets will provide beneficial opportunities for the diabetic macular edema (DME) market growth during the forecast period.

`Major Points Covered in Table of Contents:

An Overview of the Diabetic Macular Edema Market Industry

Manufacturers’ Market Share Production Market Share by Regions

Consumption in Different Regions

Trends in Production, Revenue, and Price by Type

Analysis of the Diabetic Macular Edema Market by Applications

Diabetic Macular Edema Market Industry Company Profiles and Key Figures Diabetic Macular Edema Market Manufacturing Cost Analysis

Customers, Distributors, and Marketing Channel

Market Trends

Research Findings and Conclusions on the Diabetic Macular Edema Market

Data Source and Methodology

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Some of the important question for stakeholders and business professional for expanding their position in the Diabetic Macular Edema Market:

Q 1. Ahead of 2023, which region offers the most lucrative open doors for the Diabetic Macular Edema Market?

Q 2. What are the business threats, as well as the impact of the most recent scenario on market growth and estimation?

Q 3. In terms of applications, types, and areas, what are the most promising, high-development possibilities for the Diabetic Macular Edema Market?

Q 4.What segments of the Diabetic Macular Edema Market are attracting the most attention in 2023 and beyond?

Q 5. Who are the major participants in the Diabetic Macular Edema Market, both now and in the future?

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