According to the report “Diabetic Retinopathy” Market by Type of Treatment, By Indication, By End Users and by Region – Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts (2016–2021), published by Market Data Forecast, the global market is projected to reach USD 8.52 Billion by 2021, at a CAGR of 6.9% in the forecast period.
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Diabetic retinopathy is a complication of diabetes, caused by high blood sugar levels damaging the back of the eye (retina). It can cause blindness if left undiagnosed and untreated. These conditions can result in blurring of your vision, haemorrhage into your eye, or, if untreated, retinal detachment. Diabetic retinopathy is the most common diabetic eye disease and a leading cause of blindness in the United States.
Growth enhancing factors are government initiatives, abundant R&D activities, and skill set enhancement of healthcare providers. Increased health awareness and rising disposable income in developing countries has increased the advanced healthcare services, affordability; which interns driving the market of diabetic retinopathy.
By Type of Treatment:
•Anti-Vascular Endothelial Growth Factor (VEGF) drug
•Intraocular Steroid Injection
•Non-Proliferative Diabetic Retinopathy (NPDR)
•Proliferative Diabetic Retinopathy (PDR)
By End Users:
•Ambulatory Surgical Centers
•Middle-East and Africa
The Major companies in Diabetic Retinopathy treatment market are Bayer AG, Pfizer Inc., Hoffmann-La Roche ltd, Regeneron Pharmaceutical Inc., Novartis AG, Valeant Pharmaceutical International Inc., Abbott Laboratories Inc., Alimera Science Inc. and Ampio Pharmaceuticals Inc.
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