Diabetic retinopathy is among the leading causes of legal blindness among the working-age adults worldwide. Anticipated increase in prevalence of diabetes prevalence indicates that diabetic retinopathy will continue to the prevalence of vision loss in the future. Diabetes and diabetes related complications carry heavy economic burden. Estimates also suggest that diabetic retinopathy alone contributes 10% to 42% of direct medical costs, whereas the indirect costs could be much higher. Surgical treatments have been preferred for a long time for diabetic retinopathy treatment at severe stages. Several pharmacological treatments are introduced and many are in development for treating this complication. This report studies the global and regional markets for various diabetic retinopathy treatments currently available.

For the purpose of this study, the global diabetic retinopathy market is assessed for diabetic retinopathy treatment devices and drugs. The devices market is categorized into focal laser treatment, scatter laser treatment and vitrectomy devices. the diabetic retinopathy treatment drugs is studied for aflibercept (Eylea), bevacizumab (Avastin), fluocinolone acetonide (Iluvien), ranibizumab (Lucentis) and triamcinolone acetonide. Global market size and forecast for the mentioned segments for the period 2020-2030 along with corresponding CAGRs for the forecast period 2023-2030 are included in this section.

The market size and forecast for the period 2020-2030 along with the CAGRs for the period 2023-2030 for the mentioned segments are also presented in this study.

Qualitative information sets such as market dynamics (drivers, challenges, future prospects) and market inclination insights are provided in this market assessment report. Tools such as competition assessment and attractive investment proposition are also included in this study for studying the global market competition. The report concludes with company profiles section that highlights key information about the major market players operating in the global diabetic retinopathy market.

Devices Segmentation Investigation 

Diabetic retinopathy has been treated through devices for a long time, and even after advent of advanced drugs, it considered as the most preferred treatment regime. Laser treatment is often preferred for treating the formation of new blood vessels in the advanced stages of diabetic retinopathy. Laser treatment is often preferred because the new blood vessels formed are often very weak and laser treatment successfully stabilizes the risk of vision loss, though not improve the damaged vision. Quick turnaround time and immediate recovery and effect are the prime factors that lead to high preference for laser treatments. Alike laser treatment, vitrectomy does not cure diabetic retinopathy, but is opted as an effective management mode. Despite the proven efficacy of vitrectomy in diabetic retinopathy management, late diagnosis of condition holds back the growth of this market.

In cases of diabetic macular edema, which can occur at any stage of diabetic retinopathy injections of anti-VEGF agents are administered to patients directly into the eye to prevent formation of new blood vessels at the back of the eye. Chief medicines used are ranibizumab and aflibercept. These drugs not only efficiently manage diabetic macular edema, but also are also instrumental in vision improvement. Other intravitreal treatments for diabetic macular edema are Fluocinolone intravitreal implant (Iluvien), Bevacizumab (Avastin) and Triamcinolone acetonide injections. Iluvien form Alimera Sciences, Inc. received FDA approval in 2014 for treating diabetic macular edema in patients who have been previously treated with corticosteroids and did not witness significant rise in intraocular pressure. The drug is also been under trial for treatment of dry age-related macular degeneration.

Gradual rise in prevalence of diabetes and escalating diagnosis of diabetes related complications, favorable reimbursement policies and early introduction of breakthrough treatment modalities are the chief drivers that have allowed North America a dominant position in the diabetic retinopathy market. Extensive penetration of patented drugs such as Lucentis, Eylea, Iluvien and Avastin in the U.S. market has contributed to the clear leadership of North America in this area. Followed by North America, Europe is the second largest market for diabetic retinopathy due to high awareness in healthcare professionals and patients about effective management of diabetes related compilations and swift adoption of new treatments. Countries such as India and China while witnessing phenomenal growth in diabetes prevalence and improving rates of diagnosis will make Asia-Pacific the fastest progressing regional market for diabetic retinopathy treatment. Other factors contributing to the growth of this regional market are growth in healthcare expenditure, improving disposable income and development of healthcare infrastructure to facilitate medical tourism.

Historical & Forecast Period

This study report represents analysis of each segment from 2022 to 2032 considering 2023 as the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period of 2024 to 2032.

The current report comprises of quantitative market estimations for each micro market for every geographical region and qualitative market analysis such as micro and macro environment analysis, market trends, competitive intelligence, segment analysis, porters five force model, top winning strategies, top investment markets, emerging trends and technological analysis, case studies, strategic conclusions and recommendations and other key market insights.

Research Methodology

The complete research study was conducted in three phases, namely: secondary research, primary research, and expert panel review. key data point that enables the estimation of Diabetic Retinopathy market are as follows:

• Research and development budgets of manufacturers and government spending
• Revenues of key companies in the market segment
• Number of end users and consumption volume, price and value.
• Geographical revenues generate by countries considered in the report
• Micro and macro environment factors that are currently influencing the Diabetic Retinopathy market and their expected impact during the forecast period.

Market forecast was performed through proprietary software that analyzes various qualitative and quantitative factors. Growth rate and CAGR were estimated through intensive secondary and primary research. Data triangulation across various data points provides accuracy across various analyzed market segments in the report. Application of both top down and bottom-up approach for validation of market estimation assures logical, methodical and mathematical consistency of the quantitative data.

Key questions answered in this report

• What are the key micro and macro environmental factors that are impacting the growth of Diabetic Retinopathy market?
• What are the key investment pockets with respect to product segments and geographies currently and during the forecast period?
• Estimated forecast and market projections up to 2032.
• Which segment accounts for the fastest CAGR during the forecast period?
• Which market segment holds a larger market share and why?
• Are low and middle-income economies investing in the Diabetic Retinopathy market?
• Which is the largest regional market for Diabetic Retinopathy market?
• What are the market trends and dynamics in emerging markets such as Asia Pacific, Latin America, and Middle East & Africa?
• Which are the key trends driving Diabetic Retinopathy market growth?
• Who are the key competitors and what are their key strategies to enhance their market presence in the Diabetic Retinopathy market worldwide?