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.
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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.
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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
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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.
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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.
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