The global diabetic retinopathy market is estimated to grow at a CAGR of over 6% during the forecast period. The market growth is attributed to the increasing geriatric population coupled with the increasing prevalence of retinal disorders across the globe and the presence of robust product pipeline for retinal disorder treatment products.
Geographically, the report on the global retinal disorders treatment industry is segmented into North America, Europe, Asia-Pacific and the Rest of the World. North America is projected to dominate the market, owing to the increasing healthcare expenditure in the US and the presence of well-developed healthcare infrastructure in the country. The regional market is also driven by factors such as the increasing prevalence of ophthalmic disorders and increasing regulatory approvals for several treatment drugs.
Further, there are several organizations such as the American Optometric Association, International Eye Foundation, and Diabetic Eye Care, among others in the region that works on the development of various drugs and treatment techniques for improving the sight vision of people. The American Academy of Ophthalmology is also focused on protecting sight and empowering lives by serving as an advocate for patients and the public, leading the ophthalmic education. Thus, the presence of such organizations is likely to promote the growth of the regional share of the retinal disorder treatment market.
The factors that contribute to the growth of the global diabetic retinopathy market includes the increase in the number of peoples suffering from diabetes. In diabetes, excess of sugar intake leads to blockage of the small blood vessels that moistures the retina, and it also cuts off the blood supply which in turn results in the eye attempting to grow new blood vessels; nevertheless, these new blood vessels don't mature properly and leak easily that damages the eye. Thus, increased sugar levels in diabetes lead to the damaging of the eye.
Furthermore, increasing disposable incomes, availability of advanced technology and laser procedures along with the quick recovery options is likely to promote patients’ willingness to adopt surgical treatments which fuel the growth of the market. However, the high cost of treatment may challenge the growth of the global diabetic retinopathy market during the forecast period.
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Diabetic Retinopathy Market Segmentation
By Type
- Proliferative Diabetic Retinopathy
- Non-Proliferative Diabetic Retinopathy
By Management
- Anti-VEGF
- Intraocular Steroid Injection
- Laser Surgery
- Vitrectomy
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Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of the World
- Latin America
- Middle East and Africa
Company Profiles
- Alimera Sciences Inc.
- Allergan Plc
- Ampio Pharmaceuticals Inc.
- Bayer AG
- Bausch Health Companies Inc.
- Boehringer Ingelheim International GmbH
- EyePACS LLC
- Hoffmann-La Roche Ltd.
- Genentech Inc.
- Glycadia, Inc.
- KOWA Co. Ltd.
- Kubota Vision Inc.
- LumiThera Inc.
- Novartis International AG
- Oxurion NV
- Pfizer Inc.
- Regeneron Pharmaceuticals Inc.
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