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Eye Drops and Lubricants Market Rise in prevalence of ophthalmic disorders worldwide | Industry Forecast, 2018 - 2025

06-10-2019 02:57 PM CET | Health & Medicine

Press release from: Allied Market Research

Eye Drops and Lubricants Market

Eye Drops and Lubricants Market

The global eye drops and lubricants market size is $15,587 million in 2017 and is projected to reach $22,625 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. Factors such as Increase in prevalence of eye-related diseases, high adoption of digital devices, and rise in geriatric populations have fuelled the growth of global eye-drop and lubricants market.

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Factors such as Increase in prevalence of eye-related diseases, high adoption of digital devices, and rise in geriatric populations have fueled the growth of global eye-drop and lubricants market. On the other hand, rise in labor & procedural cost and inappropriate sterilization procedures have happened to curb the growth to some extent. However, high-end technological advancements and surge in awareness about eye-drops, and lubricants fuel has created multiple opportunities in the segment.

Based on type, the artificial tears segment to emerge as the lion shareholder

By type, the artificial tears segment held one-third of the total market in 2017 and is expected to dominate throughout the study period. The fact that these drops can also be used as lubricating agents for eye strains caused by computers or dry climates has driven the growth.

The eye diseases segment to be dominant throughout 2018-2025

By application, the eye diseases segment accounted for nearly three-fifth of the total market and is anticipated to be dominant during the forecast period. Increase in prevalence of eye diseases globally and rise in the geriatric population who are more prone to suffer from eye disorders have stimulated the growth.

North America to maintain its top position by 2025

Based on geography, North America held the major market share in 2017, contributing to nearly two-fifth of the total share and is expected to maintain its top position by 2025. The growth has been triggered by high patient population suffering from eye diseases and availability of good healthcare infrastructure in the region. On the other hand, Asia-Pacific is expected to grow at the highest rate, with a CAGR of 5.8% from 2018 to 2025.

Leading market players

Leading market players analyzed in the research include Bausch Lomb, Clear Eyes, Sager Pharma, Abbott Laboratories, Similasan, Allergan, Inc., Alcon, Inc., Rohto Pharmaceutical Co, Ltd., Thera Tears, Johnson & Johnson Services, and Sager Pharma. They have embraced a number of top-end strategies including expansions, collaborations, partnerships, joint ventures, mergers & acquisitions, and others to retain their top status in the industry.

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Table of Content

CHAPTER 1: INTRODUCTION

1.1. Report description
1.2. Key benefits for stakeholders
1.3. Key market segments
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2: EXECUTIVE SUMMARY
2.1. CXO perspective

CHAPTER 3: MARKET OVERVIEW
3.1. Market definition and scope
3.2. Key findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Porter’s five forces analysis
3.4. Top player positioning, 2017
3.5. Market dynamics
3.5.1. Drivers
3.5.1.1. Rise in prevalence of ophthalmic disorders worldwide
3.5.1.2. Change in the demographics across the globe
3.5.1.3. Drug discovery and development
3.5.2. Restraints
3.5.2.1. Longer timelines required for the development of eye drops and lubricants
3.5.2.2. Risk of side effects associated with eye drops and lubricants
3.5.3. Opportunity
3.5.3.1. Increase in investment by market players in the emerging economies

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About US:
Allied Market Research, a market research and advisory company of Allied Analytics LLP, provides business insights and market research reports to large as well as small & medium enterprises. The company assists its clients to strategize business policies and achieve sustainable growth in their respective market domain.

Allied Market Research provides one stop solution from the beginning of data collection to investment advice. The analysts at Allied Market Research dig out factors that help clients to understand the significance and impact of market dynamics. The company amplies client’s insight on the factors, such as strategies, future estimations, growth or fall forecasting, opportunity analysis, and consumer surveys among others. As follows, the company offers consistent business intelligent support to aid the clients to turn into prominent business firm.

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