Diabetic retinopathy (DR) is a common complication of diabetes that affects the retina, the part of the eye that senses light and sends signals to the brain. It occurs when high blood sugar levels damage the small blood vessels in the retina, causing them to leak or become blocked. This can lead to vision loss or blindness if left untreated. There are two main types of diabetic retinopathy, namely non-proliferative diabetic retinopathy and proliferative diabetic retinopathy. Its diagnosis involves a comprehensive eye exam, which may include tests such as fluorescein angiography and optical coherence tomography. These tests can help to identify the presence and severity of DR, allowing for early intervention and treatment. Currently, there are several treatment options available for DR, including the use of intraocular steroid injections, laser treatment, and vitrectomy.
Diabetic retinopathy might cause no symptoms or only mild vision problems. However, it can lead to blindness. The condition can develop in anyone who has type 1 or type 2 diabetes. The longer a person has diabetes with less controlled blood sugar can lead to eye complication. Diabetic retinopathy can lead to other serious eye conditions such as diabetic macular edema, retinal detachment, and neovascular glaucoma.
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The market is predicted to grow at a quick rate due to the sharp increase in diabetic cases and the sharp increase in cases of diabetes-related blindness. The global Diabetic Retinopathy Market is anticipated to expand as a result of rising disposable income and the fear of losing vision. Additionally, the market growth is anticipated to be significantly accelerated by the sharp increase in the geriatric population. An effort is being made to stop the spread of diabetes in its early stages, and there has been a rapid surge in the focus of diabetes awareness.
High blood glucose levels brought on by inadequate insulin production or insulin resistance are the hallmark of diabetes mellitus (DM), a chronic illness. Diabetes has a side effect known as diabetic retinopathy, which damages the retina. Vision loss and finally blindness are consequences of this condition. In addition to having an immediate negative impact on patients’ quality of life, diabetic retinopathy has a huge financial burden on healthcare systems. The most frequent cause of legal blindness in those between the ages of 20 and 74 is diabetic retinopathy.
Diabetic Retinopathy Market Competitive Outlooks:
The key players in the Market are Novartis AG, Regeneron Pharmaceuticals, Bayer Healthcare, Actavis Plc, Alimera Science, Pfizer Inc., Hoffmann-La Roche Ltd, Abbott Laboratories Ltd, Sirnaomics, Glycadia pharmaceuticals, Boehringer Ingelheim, Therapeutics Inc, Ampio pharmaceuticals, Lupin ltd, and others.
Diabetic Retinopathy Market Trends
The market for diabetic retinopathy is expanding significantly on a global scale, primarily because to the rising prevalence of diabetes and the growing elderly population. Accordingly, major companies are actively working to create fresh therapeutic treatments for diabetic retinopathy, which is promoting market expansion. In addition, the creation of novel medications and treatments like anti-VEGF medicines and implants with sustained release has made a substantial contribution to market expansion. Additionally, the market is expanding due to the growing use of telemedicine and artificial intelligence (AI) in the diagnosis and treatment of diabetic retinopathy.
Another element driving expansion is the increasing need for efficient therapies as diabetic retinopathy and its possible effects are becoming more widely known. Additionally, the market is expanding because to the rising awareness of the early detection and treatment of diabetic retinopathy and the developments in ophthalmic technology. The market is expanding due to a number of other factors, including rising healthcare costs, the adoption of numerous government efforts to improve eye care services, and the availability of favorable reimbursement policies.
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Global Diabetic Retinopathy Market – Market Taxonomy
On the basis of disease type, the global diabetic retinopathy market is segmented into:
- Proliferative diabetic retinopathy
- Non-proliferative diabetic retinopathy
On the basis of treatment, the global diabetic retinopathy market is segmented into:
- Anti-Vascular Endothelial Growth Factor Therapy (Anti- VEGF)
- Intraocular steroid injection
On the basis of distribution channel, the global diabetic retinopathy market is segmented into:
- Hospitals Pharmacies
- Retail Pharmacies
- Online Pharmacies
On the basis of geography, the global diabetic retinopathy market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
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