Diabetic Retinopathy Market is Expected to Reach US$ XX Bn by 2025, Due to Increasing Incedence of Blindness Caused by Diabetes

“The Global Diabetic Retinopathy Market is anticipated to reach about US$ XX Bn by 2025, and anticipated to expand at a CAGR over seven years of forecast period 2019-2025” owing to an increasing incidence of blindness caused by diabetes.

Precision Business Insights (PBI) in its report titled “Diabetic Retinopathy Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The diabetic retinopathy market size was accounted for US$ XX Bn in 2018 and anticipated to account for US$ XX Bn by 2025. Rise in healthcare infrastructure, increased diabetic population, rise in demand for early diagnosis are the main factors driving the diabetic retinopathy market. However, lack of primary infrastructure and insurance facility hinders the growth of market.

Diabetic retinopathy market segmented on the basis of type, drug class, and distribution channel.

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Anti VEGF Segment Expected to Dominate the Market

On the basis of management, the market is segmented into four categories namely, anti-VEGF treatment, laser surgery, intraocular steroid injection, and vitrectomy. Anti-VEGF segment dominated the market in 2018 owing to high applicability of these drugs in treatment of early diagnosis and mild to moderate cases of non-proliferative DR treatment, better treatment and faster recovery. The major anti-VEGF agents currently used include Eylea, Avastin, Lucentis, and Macugen. The increasing usage of Lucentis due to favorable outcomes further accelerates growth of the segment worldwide.

North America Accounts for Major Revenue Share for Diabetic Retinopathy Market

Precision Business Insights (PBI) diabetic retinopathy market report analyses the market in different regions North America, Europe, Asia Pacific, Latin America and Middle East and Africa. According to regional analysis, North America accounted for major revenue share due to high obesity rates making the population susceptible to diabetes. Europe is expected to be the major driver due to the presence of large patient pool. Asia Pacific is expected to account for an increased CAGR due to increased government initiatives in respect to diabetic management. China’s market is expected to witness rapid growth over the forecast period. Japan is the largest market in the Asia Pacific region mainly on account of the presence of high healthcare expenditure and rising disposable income. Moreover, growing usage of Lucentis is expected to drive market growth in this region

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Market Strategies like Partnership Play Vital Role in Diabetic Retinopathy Market

Companies are adopting strategic initiatives such as acquisitions, mergers, geographical expansion and product development in order to advance their businesses and increase their outreach in the market. For instance, ThromboGenics initiated a partnership with Novartis (Alcon) to assist in the marketing and commercialization of JETREA outside the U.S.

Key players mentioned in this report are Novartis AG, Bayer Healthcare, Regeneron Pharmaceuticals Inc., ThromboGenics, Actavis Plc, Sirnaomics, Genentech, Alimera Sciences, Glycadia Pharmaceuticals, Ampio Pharmaceuticals, Kowa Group, and BCN Peptides among others.

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Detailed Segmentation

By Type

o Proliferative Diabetic Retinopathy
o Diabetic Macular Edema

By Drug Class Type

o Corticosteroids
o Anti-VEGF
o Others

By Distribution Channel Type

o Ophthalmic Clinics
o Hospital Pharmacies
o Retail Pharmacies

Geography

o North America
 U.S.
 Canada
o Europe
 Germany
 UK
 France
 Russia
 Spain
 Italy
 Rest of Europe
o Asia-Pacific
 China
 Japan
 India
 ASEAN
 Rest of Asia Pacific
o Latin America
 Brazil
 Mexico
 Argentina
 Chile
 Rest of Latin America
o Middle East and Africa
 South Africa
 Saudi Arabia
 Rest of MEA

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