The global retinal disorder treatment market size is expected
to reach USD 15.8 billion by 2026, according to a new report by Grand View
Research, Inc., registering a CAGR of 7.6% over the forecast period. Increasing
prevalence and incidence of retinal disorders is considered to be the primary
growth driver.
According to data
published in the NCBI in 2018, around 18.0% of diabetic patients in India
suffer from diabetic retinopathy. Similarly, National Eye Institute estimates
that by 2030 and 2050, around 10 and 14 million people respectively will suffer
from diabetic retinopathy in America. Based on an article published by WebMD in
2019, age-related macular degeneration (AMD) is the leading cause of
irreversible visual loss in U.S., occurring in more than 10% of the population
aged 65-74 years. Moreover, the NCBI estimates that by 2040, individuals with
early and late AMD will range between 14.9-21.5 million and 3.9-4.8 million
respectively in Europe.
Increasing geriatric
population is also anticipated to be a major factor governing the overall
market. According to data published in the World Population Prospects: 2019
Revision, around 1 in 11 and 1 in 4 people living in North America and Europe,
respectively, will be aged 65 years and above by 2050.
Growing awareness of
retinal disorders is also expected to propel market growth over the forecast
period. For instance, the Institut de la Mácula started an awareness campaign
on age-related macular degeneration in 2019. The primary aim of this campaign
is to create awareness about the disease, benefits of early detection, and
available treatment options in the market.
Browse full research report on Retinal Disorder Treatment Market: https://www.grandviewresearch.com/industry-analysis/retinal-disorder-treatment-market
Further key findings from the report
suggest:
- By type, macular degeneration held
the dominant share in 2018 and is estimated to be the fastest growing
segment over the forecast period. Rising prevalence of macular
degeneration globally is the major factor driving the segment
- In 2018, dry macular degeneration
emerged as the largest segment and is expected to register the highest
CAGR through 2026
- On the basis of dosage form, eye
solutions formed the leading segment in 2018. Eye drops are estimated to
be the fastest growing segment over the forecast period owing to strong
presence of pipeline products
- Based on distribution channel,
hospital pharmacies held the largest share in 2018 while online pharmacy
will exhibit the fastest growth by 2026
- North America held the dominant
revenue share in 2018 owing to presence of key players in the market. Asia
Pacific is estimated to witness the fastest CAGR of 9.5% from 2019 to 2026
- Research and development and
collaborations are some of the crucial strategies adopted by players in
the market.
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/retinal-disorder-treatment-market/request/rs1
Grand View Research has segmented the global retinal
disorder treatment market based on type, dosage form, distribution channel, and
region:
Retinal Disorder Treatment Type Outlook
(Revenue, USD Million, 2014 - 2026)
- Macular
Degeneration
- Dry
Macular Degeneration
- Wet
Macular Degeneration
- Diabetic
Retinopathy
- Others
Retinal Disorder Treatment Dosage Form
Outlook (Revenue, USD Million, 2014 - 2026)
- Gels
- Eye
Solutions
- Capsules
& Tablets
- Eye
Drops
- Ointments
Retinal Disorder Treatment Distribution
Channel Outlook (Revenue, USD Million, 2014 - 2026)
- Hospital
Pharmacy
- Online
Pharmacy
- Retail
Pharmacy
Retinal Disorder Treatment Regional
Outlook (Revenue, USD Million, 2014 - 2026)
- North
America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Russia
- Asia
Pacific
- Japan
- China
- India
- South
Korea
- Singapore
- Australia
- Latin
America
- Brazil
- Mexico
- Argentina
- Middle
East & Africa
- South
Africa
- UAE
- Saudi
Arabia
About
Grand View Research
Grand View Research, Inc.
is a U.S. based market research and consulting company, registered in the State
of California and headquartered in San Francisco. The company provides
syndicated research reports, customized research reports, and consulting
services. To help clients make informed business decisions, we offer market
intelligence studies ensuring relevant and fact-based research across a range
of industries, from technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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