Press release
Diabetic Macular Edema Market Overview Covering Anti-VEGF Ranibizumab and Aflibercept Therapeutics and Intravitreal Implant Developments
Diabetic Macular Edema Market
According to the latest research by InsightAce Analytic, the Diabetic Macular Edema Market is valued at US$ 3.95 billion in 2023, and it is expected to reach US$ 4.56 billion by 2031, with a CAGR of 1.9% during the forecast period of 2024-2031.
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Diabetic Macular Edema (DME) is a progressive retinal disorder characterized by the accumulation of fluid in the macula due to damage to the retinal microvasculature, commonly associated with diabetes. Often asymptomatic in its early stages, DME can lead to significant vision impairment if not promptly treated. As the global burden of diabetes continues to rise, the demand for effective therapeutic interventions for DME is expected to grow steadily over the forecast period.
The market is poised for substantial growth, driven by the increasing utilization of established anti-VEGF therapies such as aflibercept, bevacizumab, and ranibizumab, which are expected to remain central to the treatment landscape. Moreover, heightened investment in research and development activities, supported by growing disposable incomes and enhanced healthcare infrastructure, is contributing to favorable market conditions.
Leading industry participants are actively engaged in the development of advanced treatment modalities, thereby expanding the market's revenue potential. Additionally, supportive government initiatives aimed at improving treatment accessibility and raising public awareness of DME are anticipated to further accelerate market expansion and strengthen the overall industry outlook.
List of Prominent Players in the Diabetic Macular Edema Market:
• Novartis AG
• Bayer AG
• Allergen Plc.
• F. Hoffmann-La Roche Ltd.
• Alimera Sciences Inc.
• Valeant Pharmaceuticals International, Inc.
• KalVista Pharmaceuticals
• Genentech
• Oxurion
• Ocugen, Inc
• Regeneron Pharmaceuticals, Inc.
• Clearside Biomedical
• Daiichi Sankyo
• Arctic Vision
• Chugai Pharmaceutical Co., Ltd.
• Sanofi
• Novartis AG
• Sun Pharmaceutical Industries Ltd.
• Aurobindo Pharma
• Lupin
• Allergan
• Merck & Co., Inc.
• Pfizer Inc.
• GlaxoSmithKline plc
• IRIDEX Corporation
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Market Dynamics
Drivers:
The rising global incidence of diabetes, along with continuous advancements in treatment technologies, is a key factor propelling the growth of the Diabetic Macular Edema (DME) market. The increasing demand for effective therapeutic options among diabetic patients is expected to contribute significantly to overall market revenue. Furthermore, the expansion of research and development initiatives aimed at improving the efficacy, accessibility, and affordability of DME treatments is projected to support sustained market growth.
Challenges:
Despite favorable market prospects, several challenges persist. Limited awareness of DME, coupled with a shortage of trained healthcare professionals-particularly in developing regions-continues to impede the widespread adoption of available therapies. Additionally, the high cost of treatment presents a significant barrier for both patients and healthcare systems. The COVID-19 pandemic further disrupted the market, causing supply chain interruptions, reduced patient access to care, and temporary shutdowns of manufacturing operations due to lockdowns and public health restrictions.
Regional Trends:
North America is expected to dominate the global DME market in terms of revenue and is projected to exhibit a strong compound annual growth rate (CAGR) during the forecast period. This leadership is driven by a growing diabetic population, robust research and development activity, and the presence of major industry players. Europe also represents a significant market share, supported by advanced healthcare infrastructure and the rapid adoption of innovative therapeutic approaches. Strategic collaborations and proactive business initiatives among key stakeholders are anticipated to further enhance regional market penetration and foster long-term growth opportunities.
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Segmentation of Diabetic Macular Edema Market-
By Drug Type-
• Anti-VEGF
o Ranibizumab (Lucentis)
o Aflibercept (Eylea)
• Corticosteroid Therapies
o Dexamethasone (Ozurdex)
o Fluocinolone Acetonide (Iluvien)
• Others
By Form-
• Intravitreal Injections
• Intravitreal Implants
By Distribution Channel-
• Hospitals
• Specialty Clinics
• Mail Order Pharmacies
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa
Read Overview Report- https://www.insightaceanalytic.com/report/diabetic-macular-edema-market/2895
About Us:
InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.
Contact us:
InsightAce Analytic Pvt. Ltd.
Visit: www.insightaceanalytic.com
Tel : +1 607 400-7072
Asia: +91 79 72967118
info@insightaceanalytic.com
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