“Diabetic Retinopathy Drugs Market: Global Demand Analysis & Opportunity Outlook 2021”
The global diabetic retinopathy drugs market is segmented in by drug types:- inhibitor of AGE (Advanced Glycation End product) formation, Protein Kinase C (PKCs) inhibitors, Aldose Reductase Inhibitors (ARIs), Non-steroidal Anti-Inflammatory Drugs (NSAID); by end-user:-clinics, hospitals, ambulatory surgical centers and others and by regions. Diabetic Retinopathy Drugs Market is anticipated to mask a significant CAGR during the forecast period i.e. 2015-2021.
People with diabetes are at a high risk for diabetic retinopathy where high blood sugar levels cause damage to blood vessels in the retina. These blood vessels can swell and leak or they might even close resulting in obstruction of blood from passing through. Also, in certain cases abnormal new blood vessels grow on the retina. All such changes are capable of stealing the vision.
Growing incidences of irreversible blindness due to diabetic retinopathy and rising adoption of unhealthy diet and sedentary lifestyle is expected to keep the North-American region at its leading position in terms of revenue in the global market. Increasing healthcare expenditure along with growing research towards developing effective drugs for diabetes associated blindness is further anticipated to increase the market growth. Asia-Pacific is anticipated to be the most lucrative region owing to growing geriatric population and rising incidences of diabetic retinopathy among elderly as well as youth population in the region.
Growing Prevalence of Diabetic Retinopathy
Diabetic retinopathy is among the key causes of legal blindness in working adult population, with overall prevalence of around 34% in the total diabetes population. Perpetual growth in the prevalence of diabetes in middle and low income countries and further anticipation of future rise in incidences indicate the growth in prevalence of diabetic related complications, and hence diabetic retinopathy which is expected to affect the diabetic retinopathy drugs market positively.
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However, the market growth may be shunted due to shortage of skilled professional for treating diabetes retinopathy and related complications.
The report titled “Global Diabetic Retinopathy Drugs Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global diabetic retinopathy drugs market in terms of market segmentation by drug type; by end-user and by regions.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global Diabetic Retinopathy Drugs market which includes company profiling of Roche, Moore Drug Company, Regeneron Pharmaceuticals Inc., Bayer Healthcare, ThromboGenics, Actavis PLC, Actavis PLC, Sirnaomics Incorporation, Parexel International Corp. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global diabetic retinopathy drugs market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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