DIABETIC RETINOPATHY MARKET SIZE & SHARE ANALYSIS - GROWTH TRENDS & FORECASTS (2023 - 2028)


Diabetic Retinopathy Market Analysis:

The Diabetic Retinopathy Market is projected to experience a compound annual growth rate (CAGR) of 11.5% during the period of study, from 2022 to 2027.

The COVID-19 pandemic has had a significant impact on various aspects of the healthcare industry, including research and development activities for therapies and drugs unrelated to COVID-19. Additionally, the treatment procedures and supply chain of pharmaceuticals and medical devices worldwide have been disrupted, affecting the diabetic retinopathy market under investigation. However, the lockdown measures implemented during the pandemic resulted in a sudden shift to online activities, including work, education, and entertainment. This has led to an increase in screen time for individuals and the use of vision correction devices such as contact lenses and spectacles. Furthermore, the long-term effects of the COVID-19 pandemic are expected to persist, as a significant number of daily activities continue to be performed online. This may have a negative impact on eye health and contribute to an increased demand for vision correction drugs and devices, thereby positively influencing the market.

Several factors are driving the growth of the market, including the rising prevalence of diabetes and associated blindness, the growing population of elderly individuals, and advancements in technology related to surgical instruments for diabetic retinopathy.

Diabetic retinopathy is a leading cause of vision loss on a global scale. The duration of diabetes, hyperglycemia, and hypertension are the most clinically significant risk factors for progression to vision loss. Effective control of serum glucose and blood pressure has been shown to prevent vision loss due to diabetic retinopathy. The burden of diabetic retinopathy is increasing worldwide, driven by the growing prevalence of diabetes.

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