Artificial Tears Market Share, Trends, Growth, Future Prospects, Forecast 2019 to 2025

The global artificial tears market size was estimated to USD 1,609 million in 2018 and expected to grow a CAGR of 4.7% during the forecast period (2018-2023). Artificial tears lubricate the ocular surface reduce tear osmolarity and protect the ocular surface from desiccation. The market is growing due to the impact of some factors such as growing dry eye syndrome (DES) coupled with the geriatric population. As aging results in weaker eyesight, people are more at risk of ophthalmic disorders such as dry eye syndrome.

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The rising use of contact lenses, digital workloads, and innovation in the product creates future opportunities for the growth of the market. However, there are some factors that act as barriers for the growth of the market such as side effects of artificial tears and lack of awareness among people across the globe.

Global artificial tears market is segmented on the basis of types, delivery method and application. On the basis of types, the market is further diversified as cellulose derived tears, glycerin derived tears, oil-based emulsion tears and polyethylene glycol and propylene glycol-based tears. Based on the delivery method, the market is bifurcated as eye drops and ointments. According to the application, the market is further subdivided as dry eyes treatment and contact lenses moisture. Among all the types, glycerin derived tears segment is expected to hold the major share owing to its capability of keeping eyes moist for long time.
Considering the regional outlook market is divided into North America, Europe, Asia Pacific and Rest of the world. Asia Pacific creates more growth opportunities due to an increase in geriatric population and rising incidences of DES. North America and Europe covers the significant market share with their ability of advanced technology, innovation in the products and awareness among people.

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Artificial Tears Market Segmentation

By Type
• Cellulose Derived Tears
• Glycerine Derived Tears
• Oil Based Emulsion Tears
• Polyethylene Glycol And Propylene Glycol-Based Tears

By Delivery Method
• Eye Drops
• Ointments

By Application
• Dry Eyes Treatment
• Contact Lenses Moisture

Regional Analysis

North America
• United States
• Canada
• Rest Of North America

Europe
• United Kingdom
• France
• Germany
• Italy
• Spain
• Rest Of Europe

Asia Pacific
• India
• China
• Japan

Rest of the World

Company Profiles
• Abbott Medical Optics Inc.
• Akorn, Inc.
• Alcon Laboratories, Inc.
• Allergan Plc
• Aura Labs Ltd.
• Bausch & Lomb Incorporation
• Bayer Ag
• Carl Zeiss Ag
• Essilor International S.A
• Hoya Corporation
• Johnson & Johnson
• Merck & Co., Inc.
• Nicox S.A
• Novagali Pharma S.A.
• Novartis International Ag

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