Discover a detailed exploration of the Diabetic Retinopathy Treatment Market by Data Bridge Market Research, thoughtfully presented with visual finesse to ensure seamless data absorption. Crucial insights are illuminated through vivid graphs, charts, and figures, empowering astute decision-making.
Through a meticulous process of problem analysis, model construction, and thorough fact-finding, the Diabetic Retinopathy Treatment market research report serves as a valuable resource for businesses engaged in decision-making and the effective management of goods and services marketing. Our dedicated team of industry experts, innovative forecasters, and knowledgeable analysts work collaboratively to deliver high-quality market research, encompassing estimations of the current market state, CAGR values, market size and share, revenue generation, and future product adjustments. The Diabetic Retinopathy Treatment market report not only identifies the best opportunities within the market but also equips businesses with the information necessary to achieve significant success.
Emphasizing customer requirements, this professional and comprehensive Diabetic Retinopathy Treatment market research report incorporates details about market drivers and restraints, enabling an understanding of the fluctuations in demand for specific products based on market conditions. Strategic aspects of the Pharmaceutical industry, including product development, technological advancements, niche growth opportunities, application modeling, and exploration of new geographical markets, can be effectively addressed through the extensive information and data provided in this report. Taking into consideration various factors influencing the present and upcoming market scenario, this market report has been carefully crafted to meet the diverse needs of businesses navigating the competitive landscape.
Data Bridge Market Research analyses that the global 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.
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.
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Market Growth Drivers:
- Increasing Collaborations Associated with Diabetic Retinopathy Treatment
Numerous collaborations are associated with diabetic retinopathy that leads to market growth. For Instance, Eyenuk, Inc, in collaboration with Discovery Health, has launched a new Diabetic Retinopathy Screening Benefit nationwide in South Africa, powered by the cutting-edge EyeArt Artificial Intelligent System in 2021. It helps in allowing the detection of the onset of diabetic retinopathy very quickly. This factor leads to the growth of the market.
- Increasing Prevalence of Diabetes
The growing burden of diabetes is boosting the growth of the market. According to "Diabetic retinopathy screening: a short guide," published by WHO in 2020, the incidence of any retinopathy in people with diabetes is 35%, whereas proliferative (vision-threatening) retinopathy is around 7%. Furthermore, the International Diabetes Federation Diabetes Atlas, 10th edition 2021, stated that in 2021, there would be about 536,600,000 people with diabetes globally, and it is expected to reach 783,700,000 by the year 2045. This increasing burden of diabetes surges the risk of diabetic retinopathy and is therefore anticipated to drive market growth. Thus, this factor help in the market growth.
Notably, the report emphasizes the engagement of essential entities, including:
Bayer AG (Germany)
Aurobindo Pharma (India)
AbbVie Inc. (U.S.)
Novartis AG (Switzerland)
- 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)
Decoding Market Nuances: Key Takeaways
- Holistic Market Share Assessment
- Thorough evaluation of market shares globally and regionally.
- Parent Market Dynamics & Growth Prospects
- Uncover dynamics of the parent market and potential growth areas.
- Order Management Software Analysis
- Delve into current and future trends of global order management software.
- Dynamic Industry Shifts
- Navigate through evolving industry dynamics.
- Key Players' Strategies & Product Landscape
- Understand strategies and product landscapes of key industry players.
- Market Size: Past, Present, and Future
- Comprehensive examination of historical, current, and projected market sizes.
- Strategic Profiling for Informed Decisions
- Strategically profile key players, analyzing market positions and competencies.
Key Market Segmentation
By 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 (Mild, Moderate, Severe), Drug Type (Aflibercept, Bevacizumab, Fluocinolone, Ranibizumab, Triamcinolone Acetonide Injection), End User (Hospitals, Ophthalmic Clinics, Ambulatory Surgical Centers)
Intended Audience:
- Companies within the Diabetic Retinopathy Treatmentindustry
- Investors and analysts keen on the Diabetic Retinopathy Treatmentmarket
- Individuals seeking insights into the dynamics of the Diabetic Retinopathy Treatmentmarket
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