The global retinal disorders treatment market is projected to grow at a significant CAGR of over 7% during the forecast period. The factors that are contributing to the growth of the market include the increased incidences of eye-related disorders such as various infections and allergies, diabetic eye diseases and many others. According to the WHO, in 2019, around 2.2 billion people from across the globe were suffering from one or the other kind of visual impairment and 80% of these are considered avoidable. Thus, the higher incidences and prevalence rate of any kind of eye disease create the demand for drugs for the treatment of diseases and hence significantly creating scope for the market growth. Other factors that are contributing to the market growth include the increasing geriatric population,rising R&D activities regarding the introduction of novel drugs, and the presence of strong product pipeline.
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Amongst the disease type, the diabetic retinopathy is projected to hold a considerable share in the market. The segmental growth is accredited to the increased cases of diabetes among the peoples. The diabetes medicines on the regular basis consumption may damage the veins in the eyes and lead to the minute blood loss through them, which causes the clots in the eye and results in the blurred or impaired vision. As per the estimation of the International Diabetes Federation (IDF) in 2018, 382 million people had diabetes globally, and this number is predicted to rise to 592 million by 2035. Increasing prevalence of diabetes will result in more number of cases of diabetic retinopathy and hence will drive the segmental growth of the market.
The Report Covers
· Market value data analysis of 2018 and forecast to 2025.
· Annualized market revenues ($ million) for each market segment.
· Country-wise analysis of major geographical regions.
· Key companies operating in the global retinal disorder treatment market. Based on the availability of data, information related to pipeline products, and relevant news is also available in the report.
· Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
· Analysis of market-entry and market expansion strategies.
· Competitive strategies by identifying ‘who-stands-where’ in the market.
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Global Retinal Disorders Treatment Market Segmentation
By Disease Type
· Floaters
· Macular Degeneration
· Diabetic Retinopathy
· Retinal Detachment
· Others (Retinitis Pigmentosa, Retinal Vein Occlusion)
By Drug Dosage Form
· Gels
· Eye Solutions
· Tablets and Capsules
· Ointments
· Others
(This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.)
