Diabetic Retinopathy Market is Anticipated to Increase at a Stable CAGR over the Forecast Period (2023 to 2029)

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

A full Report of Diabetic Retinopathy Market is Available @  https://www.omrglobal.com/industry-reports/diabetic-retinopathy-market

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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