Global Diabetic Retinopathy Market

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  • Type: Common Disease Area
  • Published : March 2021
  • Region: Worldwide
  • Country: Other
  • Report ID : 232

  • Format: PPT, PDF

Global Diabetic Retinopathy Market: Segmented by Type (Proliferative Diabetic Retinopathy, Non-Proliferative Diabetic Retinopathy), by Age Group (40-49, 50-64, 65-74), by Management (Anti-VEGF, Intraocular Steroid Injection, Laser Surgery, Vitrectomy), by Distribution Channel (Hospitals & Pharmacies, Eye Clinics, Ambulatory Surgical Centres), Industry Analysis Forecast, 2019 – 2028.

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Report Overview

The global diabetic retinopathy market size stood at around USD 8 billion in 2019 and is projected to reach USD xx billion by 2028, exhibiting a CAGR of xx% during the forecast period

Favourable reimbursement policies available for ophthalmologic surgeries should positively influence diabetic retinopathy market growth. Diabetic retinopathy is a chronic condition that affects eyes and leads to blindness in elderly people. Laser surgery not only helps in retaining eye sight but also, prevents from further damage caused by proliferative diabetic retinopathy. Since there have been technological interventions in these surgeries, elderly people and population in emerging economies face affordability issues due to hike in price of surgeries. Therefore, insurance providers such as Medicaid and Medicare implement several policies to reduce the procedural costs that proves beneficial for industry growth.

Market Drivers

Increase in prevalence of diabetes, rise in geriatric population, growth in incidence of blindness due to diabetes, and augment of focus on awareness that facilitates early diagnosis to control the diseases drive the market. However, this growth is limited by dearth of skilled ophthalmologists, and extended approval time for drugs. Conversely, emergence of combined therapies for treatment of diabetic macular edema and the emerging markets of the Asia-Pacific and LAMEA regions are expected to provide several opportunities for market growth during the forecast period.

1. Global Diabetic Retinopathy Market Overview………………………………………..
A. Market Size
2. Market Growth Drivers……………………………………………………..……………….
A. Increasing Technological Advancements in Diabetic Retinopathy Surgical Instruments in Developed Countries
B. Favorable Reimbursement Available for Ophthalmologic Surgeries in Developed as Well as Developing Economies
C. Rising Prevalence of Diabetes in Asia Pacific and Other Underdeveloped Economies
D. Growing Geriatric Population in North America and Europe
3. Global Diabetic Retinopathy types………………………………………………….
A. Proliferative diabetic retinopathy (Market size, by region)
B. Non-proliferative retinopathy (Market size, by region)
4. Diabetic Retinopathy Market Segmentation……………..…………………………..
A. By Management
I. Anti-VEGF Drug
II. Intraocular Steroid Injection
III. Laser Surgery
IV. Vitrectomy
B. By Geography
I. North America Market Analysis
II. Europe Market Analysis
III. Asia-Pacific Market Analysis
IV. Latin America, Middle-East and Africa Market Analysis
5. Diabetic Retinopathy Major Drugs Market Share………………………………….
A. Market Analysis, Insights and Forecast to 2028 by revenue
6. Competitive Landscape………………………………………………………….………..
A. Major Players
B. Products in Pipeline
7. Key Company Profiles…………………………………………………………………….
A. Alimera Sciences Company overview, Product & Services, Strategies & Financials
B. AbbVie Inc. Company overview, Product & Services, Strategies & Financials
C. BCN Peptides Company, Product & Services, Strategies & Financials
8. Potential Growth Opportunities………………………………………………..…………
A. Advancements in drug development
B. Untapped markets in developing economies
9. Factors Driving Future Growth…………………………………………………………..
A. Key Industry Developments in Diabetic Retinopathy Market
B. Future Opportunities
10. Conclusion

Market Segmentation

By Age Group:

Robust segmental growth can be attributed to the growing prevalence of diabetes in the age group of 40-49. People in 40-49 age group are working professionals having sedentary lifestyle and unhealthy diet. Thus, people in 40-49 age group have high chances of acquiring diabetes that augments the segmental growth.

65-74 age group segment was valued around 2 billion in 2018. Significant revenue size is associated with high frequency of proliferative diabetic retinopathy among diabetic patients in the age group of 65-74 years. Additionally, this age group constitutes of large patient pool that increases the demand for medications and treatments elevating the business growth in the coming years.

By Management:

Anti-VEGF segment was valued around USD 7 billion in 2018 and considerable revenue size can be associated with its growing preference in treating diabetic eye disease. Anti-VEGF therapy has commendable efficacy and helps in improving visual acuity drastically. From past several years, this therapy is thought to stabilize vision in patients suffering from diabetic retinopathy. Aforementioned factors are expected to drive the segment growth in upcoming years.

Vitrectomy segment will have over 8% growth during forecast timeframe due to several benefits associated with it. This microincision technique is mostly preferred as it is minimally invasive technique having high precision. Also, vitrectomy procedure involves less tissue manipulation and reduced inflammation. Therefore, it is preferred in treating diabetic retinopathy that will stimulate segmental growth.

By Region:

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.

Top 5 Major Players

Some of the key players operating in the market include Novartis AG, Eli Lilly & Company, Abbott Laboratories, Endo Health Solutions, Inc., Purdue Pharma L.P., Pfizer, Inc., Mylan NV., Merck & Co. Inc., Johnson & Johnson, and GlaxoSmithKline Plc. The other prominent players in the value chain include Allergen Inc., Bayer AG, Bristol-Myers Squibb, Valeant Pharmaceuticals International Inc., Boehringer Ingelheim, Sorrento Therapeutics, WEX Pharmaceuticals, and Zynerba Pharmaceuticals.

 

Research Methodology

Insights10 will provide you reports within 10 key parameters which are:

  1. Market overview
  2. Market growth drivers & restraints
  3. Epidemiology or disease type
  4. Market segmentation
  5. Market share
  6. Competitive landscape
  7. Key company profiles
  8. Healthcare policies & regulatory framework
  9. Reimbursement scenario
  10. Factors driving future growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision making for business stakeholders. Our focused approach to develop reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

Our analysis methodology involves three critical stages:

Stage I: Market Data Collection

Primary Interviews: We have developed a network of experts, freelancers and researchers across countries through which we engage with local experts to gather key data points and assumptions around each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

Secondary Data Collection: We have developed strong expertise and experience in secondary data collection methods for developing unique data sets and research material. We gather data from multiple reliable sources to maintain the high level of accuracy and consistency. The market data is analysed and forecasted using appropriate statistical and coherent models. The report offers an overall analysis of the market size, growth, market share as well as segment-level analysis of the specific market. Our report includes precise, to the point information related to the overall market, competition, growth drivers, challenges, regulatory updates, and competition.

Data Sources: We have access to multiple highly reliable free and subscription data sources. We have many years of experience to understand which sources are more dependable for what and which to prefer for the reliable and latest information. The key sources of information include the following, but are not limited to:

  • Statistical Databases
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  • Online Databases
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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameter and micro indicators. The macro parameters includes changes in government policies, demand and supply of the market, government intervention programs and major market share. The micro indicators GDP growth, market size, market volume etc. We also understand nuances specific to each country like US, Canada, India, Germany, etc. and have worked across 60+ countries and hence no only understand global trends, but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. start with large overall market and segment different areas and bottom-up approach i.e. start with population and epidemiology and roll up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach mainly used for new product forecasting and bottom-up approach is used for demand estimation of any product for different countries summed up to form total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and Africa for the period of 2020 to 2028. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape and policy and regulatory scenario and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

Data triangulation of various sources and results of the research are carried out by benchmarking with reliable sources such as industry statistics, statistical databases and the company level averages etc.

We make sure to finalize the numbers in alignment to the market research. Firstly, our internal experts ensure thorough validation and checking to ensure the accurate and precise analysis and then validation is also done using multiple data analysis model.  Two level validation is done and entails finalization of report scope and to way of representation pattern.

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analysed and synthesized. A second series of interviews are done if necessary to check and validate. The future opportunities are analysed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results are then, interpreted by considering following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue / volume
  • Analyzing current needs and determining penetration to estimate market

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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumptions.
The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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