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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Diabetic Macular Edema Market Regional Analysis
Geographically, the United States is expected to lead throughout the forecast period, owing to the presence of a robust healthcare system and major market players. The continuous research activities in the region also contribute to the market growth. There has been significant emphasis on leveraging gene therapy to allow access to improved solutions. In November 2023, scientists deployed gene therapy ABBV-RGX-314 to allow controlled release of dexamethasone in patients with diabetic macular edema and retinal vein occlusion. Developed by collaborative efforts of RegenXBio and AbbVie, ABBV-RGX-314 is a monoclonal antibody fragment, administered through an injection. When tested in a cohort of 100 patients with DME, it reduced vision threatening events by 89% and prevented disease progression as well. Hence, it can be used as a potential treatment in the future.
Europe, with its robust healthcare infrastructure and significant portion of geriatric population has high diabetic macular edema market demand. Consequently, the existence of prominent academic and research institutions aids market size, with continuous developments and activities to develop effective solutions for the patients in the region.
Diabetic Macular Edema Market Report Snapshots
Diabetic Macular Edema Market Size
Diabetic Macular Edema Market Regional Analysis
Diabetic Macular Edema Treatment Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market attained a value of about USD 6.7 billion in 2023 driven by increasing incidence of diabetes across the 8 major markets.
The market is anticipated to grow at a CAGR of 5.1% during the forecast period of 2024-2032 and is likely to reach a market value of USD 10.4 billion by 2032.
The increasing research and development activities to discover a cure for condition, integration of technical advancements and prevalence for minimally invasive treatments are fuelling the market demand.
The surge in FDA approvals to facilitate improved solutions to the patients is a major market trend. In August 2023, FDA approved Regeneron’s EYLEA HD (aflibercept) Injection 8 mg for treating diabetic macular edema and related eye conditions. The approval was based on the results of 48-week PULSAR and PHOTON trials, wherein the drug candidate helped in significant vision gains in patients.
Based on disease type, the market is divided into focal diabetic macular edema and diffuse diabetic macular edema.
Hospitals fluorescein angiography, fundus imaging, and optical coherence tomography (OCT) among others are common diagnostic methods.
The route of administration can include intravitreal injections and implants.
The major regions of the market include the United States, EU-4, the United Kingdom, Japan and India.
Various types of treatments include oral iron therapy, parenteral iron therapy, and red blood cell transfusion.
Major distribution channels include hospital pharmacies, retail pharmacies, online pharmacies, and others.
End users in the market are hospitals, clinics, and home healthcare, among others.
Key players involved in the market are LEO Pharma, Amneal Pharmaceuticals, AstraZeneca, Johnson & Johnson Private Limited, Bausch Health Companies Inc., Eli Lilly and Company, AbbVie Inc., F. Hoffmann-La Roche Ltd., Mylan N.V., and Abbott.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124