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Diabetes is a lifelong chronic disease caused by excessive levels of glucose in the blood mainly due to lack or insufficiency of insulin hormone to metabolize the glucose in the blood. This accumulated glucose level in the blood does not reach body cells and severely affects multiple organs such as kidneys, eyes, nerves, blood vessels, and heart. Diabetic Retinopathy is one of the common diabetic eye diseases characterized by the damaged blood vessels in the retina. The damaged blood vessels and nerves lead to blurring of vision, vision impairment, and eye hemorrhage. If left untreated, it may lead to retinal detachment and blindness. Non Proliferative Diabetic Retinopathy (NDPR) and Proliferative Diabetic Retinopathy (PDR) are the two stages of diabetic retinopathy. Diabetic retinopathy can be treated through medicines, laser surgery, and vitrectomy. Diabetic retinopathy can develop in any individual suffering from type 1 or type 2 diabetes. This disease is the leading cause of blindness in the U.S. 

Increase in prevalence of diabetes across the globe is anticipated to drive the diabetic retinopathy market. According to National Center for Biotechnology Information, 126 million people were affected by diabetic retinopathy in 2010; more than 191 people are likely to be affected by Diabetic retinopathy by 2030. According to the American National Health and Nutrition Examination Survey conducted between 2005 and 2008, 28.5% of diabetic patients had some degree of DR, while 4.4% of patients suffered from vision threatening diabetic retinopathy. Increase in geriatric population, high prevalence of obesity, and rise in sedentary lifestyle are the key factors driving the global diabetic retinopathy market. Furthermore, increase in awareness about the early detection of Diabetic retinopathy among diabetic patients across the globe, rise in healthcare facilities in emerging and developed countries, and availability of multiple treatment options with advanced technology are the factors propelling the market. However, negligence of Diabetic retinopathy, poor planning of Diabetic retinopathy treatment in low income countries, and lack of skilled professionals for treatment of Diabetic retinopathy in emerging and less developed countries are the key restraining factors of the market. 

The global diabetic retinopathy market can be segmented based on stages of diabetic retinopathy, type of treatment, end-user, and region. There are primarily two stages of diabetic retinopathy: Non proliferative diabetic retinopathy (NPDR) and Proliferative Diabetic Retinopathy (PDR). NPDR is early stage of Diabetic retinopathy characterized by the leakage of blood vessels, resulting in deposition of blood and blood components in retina. PDR is the advanced stage of Diabetic retinopathy characterized by abnormal growth of blood vessel, which results in swelling of retina called Diabetic Macular Edema (DME). Diabtetic retinopathy can be treated and controlled through injections of Vascular Endothelial Growth Factor (VEGF), laser treatments, and vitrectomy. Laser treatment is further classified into focal laser treatment and scattered laser treatment. 

In terms of geography, the global diabetic retinopathy market can be divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America is expected to dominate the market during the forecast period owing to the rise in prevalence of diabetic retinopathy patients in the region, increase in healthcare infrastructure, and growth in awareness about Diabetic retinopathy among diabetic patients. Asia Pacific is estimated to follow North America, led by the increase in diabetic population and changing lifestyle of people in the region. Asia Pacific is expected to maintain the highest growth rate during the forecast period. Middle East & Africa is projected to be the least attractive market primarily due to the presence of low income groups, lack of skilled professionals, and poor accessibility to healthcare facilities in the region. 

Key players operating in the global diabetic retinopathy market are ThromboGenics N.V., F. Hoffmann-La Roche Ltd, Bayer AG, Novartis AG., Allergan Inc., Abbott Laboratories Inc., Pfizer Inc., and Valeant Pharmaceutical International, Inc. New business development through acquisitions and mergers, and establishment of subsidiaries in emerging economies are some of the common trends observed in the global diabetic retinopathy market.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Diabetic Retinopathy Market

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