Diabetic Retinopathy Market is Expected to Reach US$ 11,427.3 Mn by 2025

Posted by venkatakiran on October 15th, 2019

Diabetic Retinopathy Market is Expected to Reach US$ 11,427.3 Mn by 2025, Due to Surge in the Prevalence of Diabetes

Analyst Speak:

The Diabetic Retinopathy Market is increasing at significant CAGR over the forecast period 2019-2025 and expected to reach US$ 11,427.3 Mn by 2025, due to rise in prevalence of diabetes in various countries around the world”

Precision Business Insights (PBI) in its report titled “Diabetic Retinopathy Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2014-2018 and Forecast 2019-2025” assesses the market performance over seven years forecast period from 2019 to 2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.

The global diabetic retinopathy market expected to reach US$ 11,427.3 Mn by 2025. The diabetic retinopathy market is growing at significant CAGR over the forecast years due to increase in the prevalence of diabetic retinopathy around the globe. For instance, according to American Academy of Ophthalmology, approximately 93 Mn adults were living with diabetic retinopathy around the globe and it affects 1 out of 3 persons with diabetes. Moreover, availability of advanced treatment procedures such as minimally invasive surgical procedures for diabetic retinopathy, rise in awareness about the disease among the population, increase in the demand for early stage disease diagnosis, and favorable reimbursement policies for the ophthalmic surgeries are anticipated to propel the diabetic retinopathy market over the forecast years. However, high cost of advanced diabetic retinopathy treatment, lack of skilled professionals in underdeveloped economies, post-procedure complications, and stringent regulatory guidelines are the factors impede the diabetic retinopathy market over the forecast timeframe.

Diabetes care devices market segmented on the basis of disease type, treatment, end user, and region.

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venkatakiran
Joined: September 16th, 2019
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