About Diabetes Associated Ophthalmic Treatment
Diabetes associated ophthalmic treatment is used to treat various types of diabetic eye diseases. Change in lifestyle and less exercise has increased the population with diabetes across the globe. However, increasing diabetic retinopathy in the patient with the age of 20 to 64 increased the demand for retinopathy treatment. The companies are focusing on the development of new drugs and innovative devices that can quickly detect eye problems and for the treatment of ophthalmic diseases.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Diabetes Associated Ophthalmic Treatment market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Ocuphire Pharma, Inc. (United States), Mayo Clinic (United States), Novo Nordisk (Denmark), Ypsomed AG (Switzerland), Abbott Laboratories (United States), LKC Technologies (United States), Roche Holding AG (Switzerland) and Bayer AG (Germany) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Novartis International AG (Switzerland) and Akorn Inc. (United States).
Segmentation Overview
AMA Research has segmented the market of Global Diabetes Associated Ophthalmic Treatment market by Type (Drugs and Devices), Application (Children and Adults) and Region.
On the basis of geography, the market of Diabetes Associated Ophthalmic Treatment has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Disease Type, the sub-segment i.e. Diabetic Retinopathy will boost the Diabetes Associated Ophthalmic Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-user, the sub-segment i.e. Hospitals will boost the Diabetes Associated Ophthalmic Treatment market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological Advancements Such as AI-based Device to Detect Diabetes Related Eye Problems
Market Growth Drivers:
Increasing Number of Diabetes Population Across the Globe Due to Change in Lifestyle and Increasing Diabetic Retinopathy in the Diabetes Patients Will Drive the Market
Challenges:
High Cost of Treatment and Drugs May Create Challenges for the Market
Restraints:
Inadequate Availability of Advanced Devices in Healthcare Facilities in the Rural Area Due to Lack of Fund
Opportunities:
Large Number of Older Adults with Diabetic Problems At Worldwide
Market Leaders and their expansionary development strategies
In January 2020, Ocuphire Pharma, Inc., a clinical-stage pharmaceutical company announced the partnership with Apexian Pharmaceuticals, Inc. to treat patients with a variety of ophthalmic disorders and Phase 2 clinical trial of APX3330. APX3330 is an orally administered, small molecule drug candidate that improves eye health in diabetics by reducing inflammation, hypoxia signaling, and abnormal angiogenesis. The acquisition of APX3330 expands Ocuphire’s late-clinical stage small molecule ophthalmic pipeline and advance APX3330 into Phase 2 clinical ophthalmology trials for DR and DME.
In October 2023, Genentech, ADA launched new 'eye pledge' to boost awareness of diabetes-related vision loss.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Diabetes Associated Ophthalmic Treatment Providers, Diabetes Associated Ophthalmic Treatment Drug & Device Manufacturers, Suppliers and Distributors of Diabetes Associated Ophthalmic Treatment Drug & Device, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations, End-Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.