Saudi Arabia Proliferative Diabetic Retinopathy Market is projected to grow from $xx Mn in 2022 to $xx Mn by 2030, registering a CAGR of xx% during the forecast period of 2022 - 2030. Proliferative Diabetic Retinopathy market is growing globally due to the increase in geriatric population, increase in the prevalence of diabetes and diabetic retinopathy, technological advancements in diagnosis and treatment of proliferative diabetic retinopathy, increasing awareness about the disease, growing healthcare expenditure, increase in research and development, government initiatives like supporting policies and reimbursement schemes. Bayer, Allergan, Novartis, Oxurion, Sirnaomics, Genentech, Alimera Sciences, Ampio Pharmaceuticals, BCN Peptides and Kowa Company Ltd. are the key global market players in Proliferative Diabetic Retinopathy Market.
Saudi Arabia Proliferative Diabetic Retinopathy Market is valued at around $33.1 Mn in 2022 and is projected to reach $65.4 Mn by 2030, exhibiting a CAGR of 8.9% during the forecast period 2023-2030.
A serious complication of diabetes called proliferative diabetic retinopathy (PDR) affects the blood vessels in the retina and, if ignored, can result in blindness and vision loss. The most severe form of diabetic retinopathy, proliferative diabetic retinopathy, is characterized by the development of new blood vessels on the retina's surface. Proliferative Diabetic Retinopathy is managed with a variety of therapies intended to maintain retinal health and prevent visual loss. These include vitrectomy surgery, anti-vascular endothelial growth factor (VEGF) medication injections (such as ranibizumab, bevacizumab, and aflibercept), and laser photocoagulation. The development of new medication delivery techniques, such as sustained-release implants, is also being investigated. Some of the areas that are currently being investigated include gene therapies, stem cell-based medicines, and uses of artificial intelligence (AI) for early detection and diagnosis. Furthermore, developments in telemedicine and remote monitoring may enhance patients with PDR access to care. Bayer, Allergan, Novartis, Oxurion, Sirnaomics, Genentech, Alimera Sciences, Ampio Pharmaceuticals, BCN Peptides, and Kowa Company Ltd. are the key global market players in the Proliferative Diabetic Retinopathy Market.
Market Growth Drivers
Rise in demand for angiogenesis- Proliferative diabetic retinopathy is caused by angiogenesis, and intravitreal antiangiogenic injection has been suggested as a treatment for the problem. Antiangiogenic treatments are successful in the treatment of proliferative diabetic retinopathy and are expected to be important in the prevention and treatment of the illness.
Rise in disposable income- The amount of money patients are ready to spend on the necessary treatment for diabetic retinopathy has been influenced by consumers' rising disposable income and concerns about vision loss.
Increase in geriatric population, increase in the prevalence of diabetes and diabetic retinopathy, technological advancements in diagnosis and treatment of proliferative diabetic retinopathy, increasing awareness about the disease, growing healthcare expenditure, increase in research and development, and government initiatives like supporting policies and reimbursement schemes. All these factors act as market growth drivers.
Market Restraints
Lack of Awareness and Screening, Limited Access to Healthcare, Treatment costs can be high for PDR procedures including laser therapy, intravitreal injections, and surgical procedures, Side Effects and Risks related to treatment such as infection, retinal detachment, or intraocular pressure elevation, can occur. All these factors act as market growth restraints.
Key Players
1. Executive Summary
1.1 Disease Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Patient Journey
1.6 Health Insurance Coverage in Country
1.7 Active Pharmaceutical Ingredient (API)
1.8 Recent Developments in the Country
2. Market Size and Forecasting
2.1 Epidemiology of Disease
2.2 Market Size (With Excel & Methodology)
2.3 Market Segmentation (Check all Segments in Segmentation Section)
3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints
4. Competitive Landscape
4.1 Major Market Share
4.2 Key Company Profile (Check all Companies in the Summary Section)
4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)
5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment
6. Methodology and Scope
By Drug Class
By Mode of Administration-
By Distribution Channel
Methodology for Database Creation
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