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Major factors shaping the Diabetic Retinopathy Market| Key Players: Allergan, Novartis, Bayer, Genentech and Regeneron Pharmaceuticals
Diabetic Retinopathy Market
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Presence of associations such as American Diabetes Association working towards creating awareness about diabetic retinopathy and related blindness will fuel market growth. Several efforts undertaken by domestic government to reduce disease prevalence by conducting programs such as diabetic eye screening (DES) program and various awareness campaigns will drive market growth. Rising healthcare expenditure, increasing demand for innovative treatment, technological advancements and growing R&D efforts for developing more efficient and affordable treatment for disease will drive diabetic retinopathy market over the forecast timeframe.
Growing adoption of sedentary lifestyle accompanied by unhealthy diet has escalated number of people suffering from obesity and increased incidence of diabetes. Further, factors such as prolonged undiagnosed diabetes, non-compliance to treatment, and uncontrolled blood pressure and glucose levels lead to occurrence of diabetic retinopathy. Rising incidences of vision loss due to diabetes will propel industry growth.
Anti-VEGH segment accounted for largest market share in 2016. Multifactorial benefits such as fewer chances of haemorrhages associated with anti-VEGF injection, better results delivered by anti-VEGF therapy as compared to other treatment methods coupled with technological advancement in Anti-VEGF therapy will drive Anti-VEGH diabetic retinopathy market over the forecast timeframe.
Intraocular steroid injection segment will witness considerable growth during the forecast timeframe owing to easy accessibility in clinics, growing demand for non-invasive treatment and less time required for procedure. Factors such as cataract formation and rise in eye pressure due to intraocular steroid injection may hinder market growth.
Regional Analysis:
U.S. dominated North America diabetic retinopathy market in 2016 due to growing incidences of irreversible blindness due to diabetic retinopathy and rising adoption of unhealthy diet and sedentary lifestyle. Presence of several market players and associations such as American Diabetes Association working towards reducing disease prevalence in the country will fuel market growth. Increasing incidences of diabetes among elderly as well as youth population will further boost industry growth.
UK diabetic retinopathy market should witness robust growth over the forecast period. High technological adoption coupled with rising number of people suffering from diabetic retinopathy will drive UK diabetic retinopathy market. Government initiatives including programs such as ‘Action for Diabetes’ undertaken to aware people about diabetic associated blindness will positively impact industry growth.
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Market, By Type
Proliferative
Non-proliferative
Market, By Management
Anti-VEGF therapy
Intraocular steroid injection
Laser surgery
Vitrectomy
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