According to FutureWise analysis the market for Diabetic Retinopathy Treatment in 2023 is US$ 7.55 billion, and is expected to reach US$ 13.09 billion by 2031 at a CAGR of 7.10%.
Diabetic retinopathy (DR) is an eye disease that is commonly associated with diabetics. When the retina is damaged, diabetic retinopathy occurs. In the absence of timely treatment, the disease can result in bleeding in the eyes, cloudy vision, or even retinal damage. DR is one of the most common causes of vision loss in diabetics, eventually leading to blindness. In diabetic disorder, there is a defect in insulin secretion by the pancreas or hyperglycemia-linked insulin resistance, leading to multi-organ complications, including damage to the eyes, kidneys, nerves, blood vessels, and the heart. It is estimated that 25-33% of diabetics have Diabetic Retinopathy (DR) at some point in their lives, which is the most common sight-threatening complication of diabetes. Blood vessels in the retina of the eye are damaged as a result. According to WHO estimates, DR is responsible for around 4.8% of blindness worldwide. Diabetes is responsible for the leading cause of vision loss and new-onset blindness in US working adults. Currently, diabetes affects over 336 million people worldwide; this number is projected to grow by 54% by 2030, and more than 75% of diabetics who have had diabetes for more than 20 years are likely to suffer from diabetic retinopathy.
FutureWise Market Research has instantiated a report that provides an intricate analysis of Diabetic Retinopathy Treatment Market trends that shall affect the overall market growth. Furthermore, it includes detailed information on the graph of profitability, SWOT analysis, market share and regional proliferation of this business. Moreover, the report offers insights on the current stature of prominent market players in the competitive landscape analysis of this market.
According to the research study conducted by FutureWise research analysts, the Diabetic Retinopathy Treatment Market is anticipated to attain substantial growth by the end of the forecast period. The report explains that this business is predicted to register a noteworthy growth rate over the forecast period. This report provides crucial information pertaining to the total valuation that is presently held by this industry and it also lists the segmentation of the market along with the growth opportunities present across this business vertical.