North American Artificial Tears Market estimated to grow modestly at a CAGR of around 3.9% by 2025 | Akorn, Inc., Alcon, Inc., Bausch & Lomb Inc.

The North American artificial tears market is estimated to grow modestly at a CAGR of around 3.9% during the forecast period. North America has a considerable market share in the artificial tears market due to its ability of the region to develop advanced technology through integrated research and innovation in the production of solutions for dry eye syndrome. Moreover, increasing demand for contact lenses is also primarily boosting the market growth in the region. An increase in consumer awareness about the product and cases of dry eye syndrome in these regions supports the market growth.

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The companies which are contributing to the growth of the North American artificial tears market include Johnson & Johnson Services Inc., Akorn, Inc., Alcon, Inc., Bausch & Lomb Inc., and CooperVision, Inc.

The North American market for artificial tears is analyzed based on countries such as the US and Canada. The growth in the North American region is further attributed to the rising demand for contact lens among different age group people leads the adoption of artificial tears and enabling the market to grow further in the region.

North American Artificial Tears Market Segmentation

North American Artificial Tears Market by Type

• Cellulose Derived Tears
• Glycerin Derived Tears
• Oil-Based Emulsion Tears

North American Artificial Tears Market by Delivery Method

• Artificial Eye Drops
• Ointments

North American Artificial Tears Market by
Application

• Dry Eyes Treatment
• Contact Lens Moisture
• Others

For instance, according to the Centers for Disease Control & Prevention (CDC), in 2016, an estimated 45 million Americans used contact lenses, of which 14.5% of adolescents were 17 years or younger wore contact lenses. In 2016, an estimated 3.6 million (14.5%) adolescents and 7.5 million (24.4%) young adults aged 18-24 wore contact lenses.

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