Press release
Global Diabetic Retinopathy Treatment Market, Trends, Analysis, Opportunities, Share and Forecast – 2019-2025
Surgical instruments have enhanced precision that improves the surgery success rates in the case of the diabetic retinopathy market. Thus, the availability of such upgraded ophthalmic devices and instruments has facilitated the diagnostic and surgical procedures that considerably impacts the industry growth. Complications and adverse reactions associated with the medications prescribed for minimizing the impact of diabetic retinopathy would hamper the growth of this market.
The market Size of diabetic retinopathy treatment is accounted as USD 7.39 billion in 2018, and growth of this market is at a CAGR of 7.3% till 2025,
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Non-proliferative diabetic retinopathy segment is expected to grow by 6.6% for the forecast period. Non-proliferative is the most common reason for blindness in people suffering from diabetes. Also, non-proliferative diabetic retinopathy is less chronic in contrast to proliferative diabetic retinopathy and is more prevalent among the patients of age group between 40-60 years. Patients suffering from non-proliferative diabetic retinopathy consider several medications and treatments but could be controlled at an earlier stage.
North America's diabetic retinopathy market is accounted for at USD 3 billion in 2018 and would have a significant growth over the forecast period. The growing prevalence of diabetes has increased the demand for surgical instruments and medications. According to the CDC, around 100 million Americans have diabetes that is one of the major causes of blindness. An increase in awareness regarding the availability of advanced options for treating diabetic retinopathy triggers the regional growth of the market.
North America's diabetic retinopathy market experiences have rivalry forces. For instance, Bayer AG is one of the leading companies in the U.S. that has gained the majority of the market share by introducing superior quality medications for diabetic retinopathy. Therefore, new players should consider the risk of investing in a competitive market.
Thus, Key players in the global market are Novartis AG (Germany), Bayer (Germany), Regeneron Pharmaceuticals Inc. (U.S.), ThromboGenics (U.S.), Actavis Plc (U.K.), Sirnaomics(U.S.), Genentech (U.S.), Alimera Sciences (U.S.), Glycadia Pharmaceuticals (U.S.), Ampio Pharmaceuticals (U.S.), Kowa Group (Japan), BCN Peptides (Spain), and others.
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