U.S. Diabetic Retinopathy Market Summary
The U.S. diabetic retinopathy market size was estimated at USD 3.02 billion in 2023 and is projected to grow at a compound annual growth rate (CAGR) of 6.3% from 2024 to 2030. This anticipated growth is driven by multiple key factors, including the expanding geriatric population, a surge in diabetes cases due to sedentary lifestyles and poor dietary habits, the increasing prevalence of obesity, and the high cost of treating the condition. In addition, the market is being positively influenced by the introduction and rising adoption of advanced technologies such as artificial intelligence (AI), data analytics, and smart diabetes management devices, all of which are contributing to better diagnosis and treatment outcomes.
Diabetic retinopathy is a serious complication that arises from both type I and type II diabetes. It impacts the tiny blood vessels located in the retina, and if not managed properly, can progressively deteriorate vision, eventually leading to blindness or other severe visual impairments. In the U.S., the number of individuals affected by diabetic retinopathy is expected to increase significantly, with projections indicating that one in every 29 people could suffer from the condition. This positions diabetic retinopathy as one of the top causes of blindness across the nation. Moreover, individuals diagnosed with diabetes are at heightened risk of developing additional diabetes-related eye disorders, including macular edema, cataracts, and glaucoma, further intensifying the need for early detection and effective treatment.
Key Market Trends & Insights
Order a free sample PDF of the U.S. Diabetic Retinopathy Market Intelligence Study, published by Grand View Research.
Market Size & Forecast
Key Companies & Market Share Insights
Some prominent U.S. diabetic retinopathy market companies include Bayer AG, ABBVIE INC., Novartis AG, Oxurion NV, Sirnaomics, Alimera Sciences, Ampio Pharmaceuticals Inc., BCNPeptides, Kowa Company, Ltd., and Genentech, Inc. Key market players are focusing on innovative product launches, growth strategies, and technological advancements.
These players have strong distribution networks and their capacity to invest heavily in R&D efforts to launch tailored products is likely to offer a competitive edge. Brand preference in this market is high, considering the presence of these key players.
Key Players
Explore Horizon Databook – The world's most expansive market intelligence platform developed by Grand View Research.
Conclusion
In conclusion, the U.S. diabetic retinopathy market is witnessing sustained growth, supported by the increasing prevalence of diabetes, technological advancements, and rising healthcare awareness. The dominance of anti-VEGF therapies and the growing demand for early-stage diagnostic tools highlight the need for improved treatment strategies. While non-proliferative retinopathy accounts for a major market share, proliferative retinopathy is emerging rapidly due to advancements in therapy and diagnostics. As the aging population and obesity rates continue to rise, and with greater focus on innovative healthcare solutions, the diabetic retinopathy market is well-positioned for significant progress through the forecast period.