Press release
Macular Edema Market Foreseen to Grow Exponentially Over 2025
On the basis of type, the Macular Edema Market is divided into two types: cystoids macular edema (CME) and diabetic macular edema (DME). On the basis of treatment, the market is divided into drug therapy and laser treatment. The drug therapy segment is growing at a faster rate than the laser treatment segment as many ophthalmologists prefer drug therapy as the first line therapy to cure the disease. Moreover, laser treatment is costly as compared to drug therapy. On the basis of tests, the macular edema treatment market is segmented into visual acuity test; dilated exam test; and tonometry test.
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The adjustment in way of life have the expanded rate of diabetic patients is significant driving variables of macular therapeutics advertise comprehensively. Several eye disorders are caused due to changing climatic conditions. Growing aging population has led to increased occurrence of eye infections. Disappointment of eye surgery waterfall, glaucoma, or retinal ailment can likewise rise the market of macular edema therapeutics around the world. Limited number of approved drugs and high cost involved in laser treatment hinders the growth of the market.
Geographically, North America and Europe are mature markets for diabetic macular edema because a large proportion of the population suffers from diabetes. Lucentis and Ozurdex drugs have major market share in the therapeutics market. The market in Asia Pacific is also growing at a fast pace and India is set to play a major role as in 2015 (according to International Diabetes Federation) around 69.1 million cases of diabetes was reported in India and half of them affected with visual impairments.
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The Middle East & Africa market for macular edema is driven by the developing predominance of vision impedance. Advancement in the field of medicine is a key factor driving the development of the market. Expanding geriatric population around the district along with an expansion in the discretionary cash flow of the general population are the other driving components.
Some of the major companies operating in the macular edema market are Novartis, Roche, Allergan, Hoffmann-La Roche Ltd., Regeneron Pharmaceuticals, Inc., Pfizer Inc. Bayer AG, and Bausch & Lomb Incorporated.
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