According to FutureWise analysis the market for diabetic retinopathy in 2023 is US$ 8.85 billion, and is expected to reach US$ 14.78 billion by 2031 at a CAGR of 6.6%.
Diabetic retinopathy is one of the most severe complications caused by diabetes, which can have a significant impact on the blood vessels in the retina. The retina is an important tissue located at the rear of the eye that is crucial for detecting light. This condition is a frequent cause of blindness in adults and can cause permanent vision loss if left untreated. Diabetic retinopathy affects both type 1 and type 2 diabetes patients, with the risk increasing the longer a patient has diabetes. In diabetic retinopathy, the high blood sugar levels associated with diabetes can damage the small blood vessels in the retina. This can cause the blood vessels to leak, leading to swelling and fluid build-up in the retina, which can impair vision. Over time, the damaged blood vessels can also cause abnormal growth of new blood vessels, which can bleed and cause scarring, leading to further vision loss.
Diabetic retinopathy can be classified into two types: non-proliferative and proliferative. Non-proliferative diabetic retinopathy is the early stage of the disease, in which the blood vessels in the retina become damaged, causing small bulges or microaneurysms to form. As the disease progresses, the blood vessels can become blocked, leading to areas of the retina that do not receive enough oxygen and nutrients. This can cause the retina to produce new blood vessels, leading to more severe proliferative diabetic retinopathy. Proliferative diabetic retinopathy signifies an advanced stage of diabetes that triggers the emergence of anomalous blood vessels on the retinal or optic nerve surface. These new blood vessels are delicate and can rupture swiftly, leading to bleeding inside the eye that ultimately results in vision loss. In severe cases, the new blood vessels can also cause scarring, leading to a detachment of the retina from the rear of the eye, which can cause blindness.
FutureWise Market Research has published a report that provides an insightful analysis of Diabetic Retinopathy Market trends that are affecting the overall market growth. This report will provide a detailed analysis of market share, regional insights, and competitor analysis that includes stature of key manufacturers operational in this industry. By the end of the forecast period FutureWise research analysts projects that Diabetic Retinopathy Market will experience a significant growth.
According to the analysis done, this report will help understand the information referring to the total valuation held by this industry. Additionally, this report will help in understanding the growth opportunities held by various segments of this market, further assist in making better strategic and expansion decisions by key stakeholders of an organization.