Press release
Global Diabetic Retinopathy Market Projected to Surpass $12.56 Billion by 2029 with 8% Annual Growth
Diabetic Retinopathy Market
The growing incidence of diabetes is projected to fuel the expansion of the diabetic retinopathy market in the future. Diabetes is a chronic metabolic condition characterized by elevated blood sugar levels. The escalation in diabetes cases is primarily attributable to factors such as obesity, genetic predisposition, and lack of physical exercise. Diabetes patients experience excess blood sugar levels, which can harm the retina, a component of the eye that perceives light and transmits signals to the brain via a nerve at the back of the eye. For example, in March 2024, as reported by the UK's Office for Health Improvement and Disparities, the fraction of people with type 1 diabetes who received all eight suggested care processes increased by 22% from March 2022 to March 2023, while this increase was 21% for type 2 diabetes patients. The percentage of people meeting the target HbA1c levels also reached a record high of 37.9% as per the National Diabetes Audit. Hence, the escalating incidence of diabetes is a key contributor to the growth of the diabetic retinopathy market.
Get Your Diabetic Retinopathy Market Report Here:
https://www.thebusinessresearchcompany.com/report/diabetic-retinopathy-global-market-report
How will the growth rate of the diabetic retinopathy market shape industry trends by 2034?
The size of the diabetic retinopathy market has significantly expanded in the past years. The market, which is expected to rise from $8.61 billion in 2024 to $9.29 billion in 2025, will experience a compound annual growth rate (CAGR) of 7.9%. Factors such as an aging population, a rise in diabetes cases, increased understanding of diabetic retinopathy, enhanced healthcare structures, and escalating healthcare expenditure have all contributed to the historical growth of this market.
Over the coming years, robust expansion is predicted for the diabetic retinopathy market. It's projected that by 2029, the sector will be worth $12.56 billion, increasing at a compound annual growth rate (CAGR) of 7.8%. This upward trend can be credited to various factors including the implementation of personalized medicine strategies, the proliferation of telemedicine services, the creation of innovative therapeutic methods, the uptake of point-of-care testing, and remote patient observation. In the projected timeline, key market drivers will be the application of precision medicine in diabetic retinopathy treatments, a heightened emphasis on early diagnosis and prevention, the expansion of teleophthalmology services, a surge in gene therapy research, and ongoing progress in retinal imaging technologies.
Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=12187&type=smp
What are the emerging trends shaping the future of the diabetic retinopathy market?
Rapid technological progress is a key trend gaining traction in the diabetic retinopathy market. Leading enterprises in the large volume parenteral market are embracing technological innovation to maintain their market stronghold. For instance, in July 2022, American healthcare corporation, Baxter International Inc., introduced the Welch Allyn RetinaVue 100 Imager PRO to the South Korean market. These advancements aim to facilitate the identification of diabetic retinopathy in primary healthcare environments. RetinaVue has been proven to boost patient adherence to crucial yearly diabetic retinal examinations (DREs) by providing fast and convenient screening during regular primary care appointments.
Which primary segments of the diabetic retinopathy market are driving growth and industry transformations?
The diabetic retinopathy market covered in this report is segmented -
1) By Type: Proliferative Diabetic Retinopathy, Non-Proliferative Diabetic Retinopathy
2) By Treatment: Anti-VEGF Drugs, Intraocular Steroid Injection, Laser Photocoagulation, Vitreoretinal Surgery
3) By End-User: Hospitals, Ambulatory Surgical Centers, Other End Users
Subsegments:
1) By Proliferative Diabetic Retinopathy (PDR): Neovascularization, Vitreous Hemorrhage, Tractional Retinal Detachment
2) By Non-Proliferative Diabetic Retinopathy (NPDR): Mild NPDR, Moderate NPDR, Severe NPDR
Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=12187
Which geographical regions are pioneering growth in the diabetic retinopathy market?
North America was the largest region in the diabetic retinopathy market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the diabetic retinopathy market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the influential players reshaping the diabetic retinopathy market landscape?
Major companies operating in the diabetic retinopathy market include Pfizer Inc., F-Hoffmann-La Roche Ltd., Abbvie Inc., Bayer AG, Novartis AG, Ellex Medical Lasers Ltd., Abbott Laboratories Inc., Regeneron Pharmaceuticals Inc., Bausch Health Companies Inc., Icon Bioscience Inc., Allergan plc., Genentech Inc., Aurobindo Pharma, Santen Pharmaceutical Co. Ltd., Carl Zeiss Meditec AG, Valeant Pharmaceuticals International Inc., Lumenis Ltd., Optos Plc., Quantel Medical SAS, NIDEK Co. Ltd., IRIDEX Corporation, Alimera Science Inc., Kowa Company Ltd., Ocular Therapeutix Inc., Aerpio Pharmaceuticals Inc., Kodiak Sciences Inc., Oxurion NV, Graybug Vision Inc., Ampio Pharmaceuticals Inc.
Customize Your Report - Get Tailored Market Insights!
https://www.thebusinessresearchcompany.com/sample.aspx?id=12187&type=smp
What Is Covered In The Diabetic Retinopathy Global Market Report?
• Market Size Forecast: Examine the diabetic retinopathy market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the diabetic retinopathy market for a structured understanding.
• Key Players Overview: Analyze major players in the diabetic retinopathy market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the diabetic retinopathy market.
• Segment Contributions: Evaluate how different segments drive overall growth in the diabetic retinopathy market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the diabetic retinopathy market.
• Industry Challenges: Identify potential risks and obstacles affecting the diabetic retinopathy market.
• Competitive Landscape: Review strategic developments in the diabetic retinopathy market, including expansions, agreements, and new product launches.
Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.
Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email:info@tbrc.info
Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Global Diabetic Retinopathy Market Projected to Surpass $12.56 Billion by 2029 with 8% Annual Growth here
News-ID: 3896214 • Views: …
More Releases from The Business Research Company
In-Depth Examination of Segments, Industry Developments, and Key Competitors in …
The fiber-laser naval close-in weapon system market is on the verge of significant expansion as naval defense technology continues to evolve. With defense forces worldwide focusing on upgrading maritime security, this sector is set to experience notable advancements and increased adoption in the coming years. Let's explore the current market size, key drivers, leading players, emerging trends, and important segments shaping this vital defense technology.
Projected Market Size and Growth of…
Competitive Analysis: Key Market Leaders and New Entrants in the Explosives and …
The explosives and pyrotechnics market is set to experience significant expansion in the coming years, driven by technological progress and evolving industry demands. This sector plays a crucial role across various fields such as mining, construction, defense, and entertainment, making it a dynamic and essential market to watch. Let's explore the market's projected growth, leading companies, emerging trends, and segment breakdown to understand its future trajectory.
Forecasted Market Value of the…
Leading Firms Spearheading Innovation and Growth in the Composites for Defense M …
The composites used in defense applications are attracting considerable attention as advancements continue to drive market expansion. With new technologies and increasing demand for lightweight, durable materials, this sector is set for significant growth in the coming years. Let's explore the market's expected size, the main players involved, evolving trends, and key segments shaping its future.
Projected Market Growth and Size for Composites in Defense
The composites in the defense market is…
Emergency Communications Drone Market Overview: Major Segments, Strategic Develo …
The emergency communications drone sector is on the brink of significant expansion, driven by technological advances and increasing demand for efficient crisis response tools. As emergencies and disasters become more complex, drones offer innovative ways to enhance communication and coordination, making them indispensable for various applications. Let's explore the market's growth projections, key players, current trends, and segmentation to understand this emerging industry's trajectory.
Projected Growth and Market Size of the…
More Releases for Diabetic
Exploring The Diabetic Retinopathy Market In A Diabetic-Prevalent World: The Dri …
Use code ONLINE20 to get 20% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
Diabetic Retinopathy Market Size Growth Forecast: What to Expect by 2025?
The diabetic retinopathy market has experienced robust expansion over the last few years, with projections indicating a rise from $8.61 billion in 2024 next year to $9.26 billion in 2025, reflecting a compound annual growth rate (CAGR) of…
Diabetic Socks Market Dynamics Shaped by Rising Diabetic Population - Persistenc …
The diabetic socks market is gaining significant traction worldwide, driven by the rising prevalence of diabetes and related complications such as diabetic neuropathy and foot ulcers. Designed specifically to cater to the needs of diabetic patients, these socks play a crucial role in foot protection by preventing blistering, reducing moisture accumulation, and providing cushioning to minimize the risk of ulcers. This article delves deeply into the diabetic socks market, exploring…
Diabetic Food Market
Future Market Insights (FMI) delivers key insights on the global diabetic food market in its latest report titled “Diabetic Food Market: Global Industry Analysis and Opportunity Assessment, 2014 – 2020”. The global diabetic food market is expected to amplify at a CAGR of 5.9% during the forecast period in terms of value due to various factors, regarding which FMI offers fundamental insights in detail in this report.
On the basis of…
Diabetic Food Market
Diabetes refers to a metabolic disease which leads to high blood sugar levels. The main cause behind diabetes is the insufficient insulin or no response in the body cells where the insulin is produced. Diabetic foods are dietary products rich in carbohydrates and sugar content. They help in controlling rising blood glucose. Diabetic food is low in calorie sweeteners and diet beverages. These products are consumed by diabetic patients and…
Demand for Diabetic Socks Due to Rising Prevalence of Diabetic Neuropathy Expect …
According to the latest market report published by Persistence Market Research titled ‘Diabetic Socks Market: Global Industry Analysis 2012-2016 and Forecast 2017-2025,’ the global diabetic socks market is expected to expand at a CAGR of approximately 4.8% during the forecast period 2017-2025.
To know key findings Request Sample Report @: https://www.persistencemarketresearch.com/samples/19282
Global Diabetic Socks Market: Factors Impacting the Market
The primary factors driving the growth of the global diabetic socks market are increasing…
Diabetic Food Market -
In recent times, diabetes has emerged as one of the most challenging health conditions across the world. According to the WHO, a total of 415 million cases of diabetes were reported globally in 2015. The count is rising at an alarming rate and is expected to reach 642 million in the next 25 years. Till now no medication has been found that can completely cure diabetes. It can only be…
