USD 8.30 billion
Global Diabetic Retinopathy Market Size, Share, Growth Analysis, By Type(Proliferative Diabetic Retinopathy, and Non-proliferative diabetic retinopathy), By Management(Anti-VEGF, Intraocular Steroid Injection) - Industry Forecast 2024-2031
Report ID:
SQMIG35A2516 |
Region:
Global |
Published Date: March, 2024
Pages:
219
|
Tables:
63 |
Figures:
75
Global Diabetic Retinopathy Market Insights
Global Diabetic Retinopathy Market size was valued at USD 8.30 billion in 2022 and is poised to grow from USD 8.83 billion in 2023 to USD 14.51 billion by 2031, growing at a CAGR of 6.4% during the forecast period (2024-2031).
The rising incidence of diabetes, the increasing number of seniors, and a growing number of diabetes-related blindness are among the primary drivers expected to drive market expansion throughout the forecast period. The market is also being spurred forward by rising diabetes awareness and new product introductions. Diabetes is a major and developing global condition in which the pancreas' inability to make insulin leads to a rise in blood sugar levels. Damage to blood capillaries in the retina causes diabetic retinopathy.
High levels of sugar in the blood & poor monitoring of these constantly shifting BG levels are thought to be risk factors for diabetic retinal degeneration. Early detection of Type 2 diabetes in patients, medication correction, continuous self-monitoring by patients utilizing modern instruments, and adoption of a healthy lifestyle may prevent retinal blood vessel damage, lowering the incidence of diabetic retinopathy amongst patients. In spite of the diabetic population's efforts, diabetic retinopathy might result in irreversible blindness, depending on its current stage and severity.
Market participants have focused on the early detection of diabetic retinopathy. Check Eye, a Ukraine-based healthtech business creating a powered by AI cloud-based platform to determine retinopathy due to diabetes, for example, introduced a mobile solution to organize screening for DR for people with diabetes and their families in January 2023. The screening was assisted and supported by the Ukrainian Diabetic Federation & the Filatov Centre for Eye Diseases.
Furthermore, according to the Royal National Institution of Blind People (RNIB), diabetic retinal degeneration was one of the top causes of blindness in the United Kingdom. Rising consumer awareness levels and rising healthcare expenditure are two more aspects that are expected to drive market expansion. Furthermore, according to the WHO, the world's aging population is expected to triple by 2050, compared to 2020, making it critical to keep up a healthy lifestyle, reduce obesity, and regularly check BG levels in vulnerable groups.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Proliferative
Fastest Growth
Proliferative
Growth Rate
6.4% CAGR
Global Diabetic Retinopathy Market 2022-2030 ($ Bn)
Country Share for North America Region- 2022 (%)
Global Diabetic Retinopathy Market By Type 2022-2030 ($ Bn)
Global Diabetic Retinopathy Market By Type 2022-2030 (%)
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Global Diabetic Retinopathy Market Segmental Analysis
The global diabetic retinopathy market is segmented based on type, management, and region. Based on type, the market is segmented into proliferative diabetic retinopathy, and non-proliferative diabetic retinopathy. With respect to categorization by management, the market is segmented into anti-VEGF, intraocular steroid injection, laser surgery, vitrectomy. Regionwise, the market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Global Diabetic Retinopathy Market Analysis by Management
Anti-VEGF medications accounted for the greatest percentage of revenue of 92.8% in 2022 because of their effectiveness and efficacy in the management of diabetic retinopathy. Anti-VEGF medications are commonly used to treat Proliferative Diabetic Retinopathy (PDR). Anti-VEGF drugs have been shown to be more effective in PDR, particularly in situations of vitreous hemorrhage, neovascular a condition called and prior to vitrectomy.
In contrast to anti-VEGF drugs, intraocular steroids injection is a new method of treating diabetic retinopathy (DR) & diabetic macular edema (DME) that is progressively gaining traction. Corticosteroid-based medicines are used in the injections to inhibit cellular growth. Triamcinolone (Durezol) has the best therapeutic efficacy and a large market presence among all corticosteroids studied. As retinopathy care tools, other components include surgery with lasers and vitrectomy.
Global Diabetic Retinopathy Market Analysis by Type
Non-proliferative diabetic retinopathy dominated the diabetes-related retinopathy market in 2022, accounting for 70.5% of total revenue. The growing senior population and increased occurrences of diabetes-related blindness are the main reasons for its high share. Additionally, rising demand for routine retinal screening for long-term diabetes patients is likely to drive category growth. The proliferative diabetic retinopathy segment, on the other hand, is predicted to grow at a 6.8% CAGR from 2023 to 2030.
The Proliferative Diabetic Retinopathy (PDR) sector is predicted to grow at a faster rate of 5.6% during the forecast period. It is a severe stage of retinopathy in which weak blood vessels form within the layers of the retina and vitreous humor, resulting in vision impairment & blindness. It can cause macular edema, which has no signs in the beginning. Thorough eye exams, which include tonometry, vision tests, and others, are used to diagnose it. It is managed with laser surgery, which causes blood vessels to shrink.
Global Diabetic Retinopathy Market By Type 2022 (%), 2023 (%)
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Global Diabetic Retinopathy Market Regional Insights
North America dominated the market, accounting for 37.8% of total revenue in 2022. Some of the market's drivers include the presence of modern healthcare infrastructure, favorable government activities pertaining to medication research, and the presence of substantial patient & practitioner awareness levels. One of the primary factors contributing to this region's huge share is the high market penetration of new goods such as anti-VEGF medications such as Lucentis, Avastin, and Eylea. High healthcare expenditure, increased patient knowledge of diabetes, the availability of well-established medical facilities, and a favorable reimbursement environment are some of the primary causes.
The Asia Pacific market is expected to grow at a 7.1% CAGR from 2023 to 2030, owing to the presence of high unmet medical requirements, as well as rapidly rising patient awareness about effective diabetes diagnostic procedures and rising medical costs in the developing nations of India and China. Latin America and the Middle East are also expected to experience profitable growth during the predicted period.
Global Diabetic Retinopathy Market By Geography, 2022-2030, 2024-2031
- Largest
- Fastest
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Global Diabetic Retinopathy Market Dynamics
Drivers
Increasing investment for healthcare infrastructure
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The diabetic retinopathy market is experiencing notable growth driven by increased investments in healthcare infrastructure. This enhanced infrastructure contributes to improved healthcare services and accessibility. Moreover, the market is benefiting from heightened efforts by both public and private organizations to raise awareness about diabetic retinopathy. Additionally, a favorable reimbursement scenario and the presence of a population with high disposable income are facilitating the expansion of the diabetic retinopathy market. The aging demographic, coupled with evolving lifestyles, is also playing a significant role in augmenting the market's growth rate.
Increase in the number of research and development activities
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The growth of the diabetic retinopathy market is being driven by a surge in research and development activities. This surge is expected to create favorable opportunities for market growth. Additionally, the increasing approvals and introductions of new drugs for diabetic retinopathy will further accelerate the market's growth rate. Furthermore, heightened investments in the advancement of cutting-edge technologies and the expansion of emerging markets are expected to offer advantageous prospects for the growth of the diabetic retinopathy market during the forecast period.
Increasing prevalence of diabetes cases
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The increasing prevalence of diabetes is a significant and fundamental driver of the diabetic retinopathy market's growth. Diabetes is a chronic metabolic disorder characterized by elevated blood sugar levels, and its global prevalence has been on the rise. This increase in diabetes cases directly correlates with a higher incidence of diabetic retinopathy, a diabetic complication affecting the eyes. Diabetic retinopathy is a serious eye condition that occurs when prolonged exposure to high blood sugar levels damages the blood vessels in the retina, leading to vision problems and, in severe cases, blindness. As the number of individuals diagnosed with diabetes continues to grow, the risk of diabetic retinopathy also increases.
Restraints
Lack of Awareness and Access about Eye Care
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Despite the growing prevalence of diabetic retinopathy, there is a lack of awareness about the condition and the importance of regular eye examinations among diabetic patients. Limited access to eye care facilities, particularly in remote or underserved areas, hampers early detection and timely treatment.
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Global Diabetic Retinopathy Market Competitive Landscape
To increase their market position, major players are focused on collaborations, partnerships, acquisitions, and other strategic operations. Industry leaders face growing competition with novel medication launches and regulatory approval of innovative management treatments, making it challenging for them to remain competitive in an ever-changing industry. However, market leaders' large investments in R&D are predicted to enhance market growth.
Eyenuk, a worldwide artificial intelligence (AI) healthcare company as well as the market leader in practical applications for AI Eye Evaluation and AI Predictive Biomarkers, will be able to market its EyeArt AI retinal screening device throughout the European Union in January 2023 for new uses such as identifying AMD (age-related macular degeneration) and glaucomatous damage to the optic nerve (a sign of glaucoma).
Top Player’s Company Profiles in Global Diabetic Retinopathy Market
- Novartis AG
- Roche Holding AG
- Bayer AG
- Regeneron Pharmaceuticals, Inc.
- Allergan plc (AbbVie Inc.)
- Carl Zeiss Meditec AG
- Topcon Corporation
- Nidek Co., Ltd.
- Optos plc (Nikon Corporation)
- Bausch Health Companies Inc.
- Alcon Inc.
- Santen Pharmaceutical Co., Ltd.
- Lumenis Ltd. (XIO Group)
- Iridex Corporation
- Leica Microsystems (Danaher Corporation)
- StemCells Inc. (Microbot Medical Inc.)
- Bioptigen, Inc. (Metabolic Technologies Inc.)
- CenterVue SpA
- Visunex Medical Systems, Inc.
- Clarity Medical Systems, Inc.
Global Diabetic Retinopathy Market Recent Developments
- In June 2022, Regeneron Pharmaceuticals, Inc. announced that the US Food and Drug Administration (FDA) has accepted for update the EYLEA (aflibercept) The injection supplemental Biologics License Use (sBLA) for every 16-week 2 mg dosage regimen (after initial every month doses) in patients in diabetic retinopathy (DR).
- In February 2022, REGENXBIO Inc. announced more encouraging interim results from the current Phase II ALTITUDE study of RGX-314 for the management of diabetic retinal degeneration (DR) without center-involved diabetes macular edema (CI-DME) utilizing in-office suprachoroidal administration.
Global Diabetic Retinopathy Key Market Trends
- Increasing Emphasis on Early Detection and Intervention: There is a growing recognition of the importance of early detection and intervention in diabetic retinopathy. The focus is shifting towards regular screening programs, awareness campaigns, and advanced imaging technologies for early diagnosis, enabling timely treatment and better management of the condition.
- Advancements in Imaging Technologies: Imaging technologies, such as optical coherence tomography (OCT) and fundus photography, continue to advance, providing detailed visualization of retinal structures and abnormalities. These advancements enhance the accuracy of diagnosis, monitoring, and treatment planning in diabetic retinopathy, driving market growth.
- Rise in Minimally Invasive Treatment Options: Minimally invasive treatment options, such as intravitreal injections of anti-VEGF (vascular endothelial growth factor) drugs and laser photocoagulation, are gaining prominence in the management of diabetic retinopathy. These treatments offer improved outcomes, reduced complications, and faster recovery, leading to increased adoption and market growth.
- Integration of Artificial Intelligence (AI) in Diabetic Retinopathy Diagnosis: AI-based algorithms and machine learning are being integrated into diagnostic systems for diabetic retinopathy. These AI solutions aid in the automated analysis and interpretation of retinal images, assisting healthcare professionals in detecting and grading diabetic retinopathy accurately and efficiently.
Global Diabetic Retinopathy Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyzes the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Diabetic Retinopathy Market, the rising incidence of diabetes, the increasing number of seniors, and a growing number of diabetes-related blindness are among the primary drivers expected to drive market expansion throughout the forecast period. The market is also being spurred forward by rising diabetes awareness and new product introductions. Diabetes is a major and developing global condition in which the pancreas' inability to make insulin leads to a rise in blood sugar levels. Damage to blood capillaries in the retina causes diabetic retinopathy.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 8.30 billion |
| Market size value in 2031 | USD 14.51 billion |
| Growth Rate | 6.4% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Diabetic Retinopathy Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Diabetic Retinopathy Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Diabetic Retinopathy Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Diabetic Retinopathy Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Diabetic Retinopathy Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Diabetic Retinopathy Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Diabetic Retinopathy Market Report Snapshots
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