The global diabetic macular edema market is projected to hold a valuation of approximately USD 4,120.9 million in 2024, with an anticipated growth trajectory that will see it surpass USD 4,642.9 million by 2034. This growth, although modest, reflects a compound annual growth rate (CAGR) of 1.2% through 2034, indicating a mature market landscape.
As the global diabetic population continues to rise, largely due to increased life expectancy and a growing prevalence of obesity, the incidence of diabetic macular edema is expected to increase correspondingly. This trend is particularly significant in regions with aging demographics, where DME is often a comorbid condition. The market’s growth underscores a pressing medical need fueled by demographic shifts.
The diabetic macular edema market remains relatively fragmented compared to other disease drug markets, which further highlights the opportunities for innovation and growth within this sector. Stakeholders are encouraged to focus on addressing the unmet needs of patients as the demand for effective treatment options continues to rise.
In light of these developments, FMI is committed to advancing solutions that will enhance the quality of life for individuals affected by diabetic macular edema, ensuring that we meet the challenges posed by this chronic condition head-on.
Key Takeaways from the Market Study:
- The United Kingdom anticipates moderate momentum in the diabetic macular edema sector, with a CAGR of 1.1% from 2024 to 2034.
- Germany is expected to experience tempered growth in the diabetic macular edema market, with a projected CAGR of 3.2% from 2024 to 2034.
- Intravitreal injections account for a leading share of 94.8% in the form segment in 2024.
- India foresees sluggish rise in the diabetic macular edema industry, with a CAGR of 1.4% from 2024 to 2034.
- China is poised to witness stable expansion in the diabetic macular edema sector, with a projected CAGR of 4.3% from 2024 to 2034.
- Anti-VEGF drugs hold a dominant share of 95.5% in the drug type segment in 2024.
Explore the Growing Demand for Diabetic Macular Edema: Get All the Insights in Our Comprehensive Report!
Competition Outlook of the Diabetic Macular Edema Market:
The diabetic macular edema market presents a robust competition and ongoing advancements in treatment modalities. With an increasing prevalence of diabetes worldwide, the demand for effective DME therapies continues to rise, fostering a competitive environment among pharmaceutical companies and biotech firms.
Key players in the diabetic macular edema market are actively engaged in research and development endeavors to introduce innovative drugs and therapies, aiming to address the unmet medical needs of patients. The market witnesses intense competition in the development of anti-VEGF drugs, corticosteroid therapies, and other off-label drugs targeting DME. Additionally, advancements in drug delivery systems such as intravitreal injections and implants further intensify competition, as companies strive to enhance treatment efficacy and patient compliance.
Strategic collaborations and partnerships between pharmaceutical companies, research institutions, and healthcare organizations are shaping the market. These collaborations facilitate the exchange of scientific knowledge, clinical data, and resources, accelerating the development and commercialization of novel diabetic macular edema treatments. As the DME market continues to evolve, stakeholders must remain vigilant in navigating regulatory challenges, market dynamics, and emerging therapeutic trends to maintain a competitive edge and meet the evolving needs of patients.
Recent Developments:
- Novartis AG, headquartered in Switzerland, advances diabetic macular edema (DME) therapy as the FDA and EMA approve applications for BEOVU (brolucizumab-dbll), following favorable Phase III KESTREL trial findings.
- Bayer AG, located in Germany, has received FDA clearance for Eylea, an aflibercept solution for diabetic macular edema therapy, expanding its portfolio for ocular health.
- Allergan Plc., located in Ireland, has partnered with the International Diabetes Federation to develop a global strategy for DME screening, diagnosis, and therapy.
- Hoffmann-La Roche Ltd., located in Switzerland, has received FDA clearance for Vabysmo (faricimab-svoa) in DME therapy, citing good results from phase III trials on Vabysmo for retinal vein occlusion.
Leading Companies in the Diabetic Macular Edema Industry:
- Novartis AG
- Bayer AG
- Allergan Plc.
- F. Hoffmann-La Roche Ltd.
- Alimera Sciences Inc.
- Valeant Pharmaceuticals International, Inc. (Bausch & Lomb Inc.)
- KalVista Pharmaceuticals
- Genentech
- Oxurion (fka ThromboGenics)
- Ocugen, Inc
- Regeneron Pharmaceuticals, Inc.
- Clearside Biomedical
- Daiichi Sankyo
- Arctic Vision
- Chugai Pharmaceutical Co., Ltd.
Key Segments of Market Report:
By Drug Type:
Segmentation by drug includes anti-VEGF medications such as Ranibizumab (Lucentis) and Aflibercept (Eylea), as well as corticosteroid therapies like Dexamethasone (Ozurdex) and Fluocinolone Acetonide (Iluvien), alongside other off-label drugs.
By Form:
Classification by form distinguishes between intravitreal injections and intravitreal implants.
By Distribution Channel:
Regarding distribution channels, patients may access treatments through hospitals, specialty clinics, or mail order pharmacies.
By Region:
Geographical segmentation spans across regions including North America, Latin America, Europe, South Asia, East Asia, Oceania, and the Middle East and Africa (MEA).
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