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North America (U.S., Canada) Tear Duct Plugs Market 2018 to 2028 Detailed Analysis and Growth Strategies, Regional and Recent Scenario Analysis
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Tear Duct Plugs Market: Overview
The global market for tear duct plugs is expected to witness a noteworthy growth rate over the forecast period. Temporary tear duct plugs are used initially by the doctors to see how the body reacts. Temporary tear duct plugs naturally dissolve in the body and fade after some time and generally are made of collagen material. Silicone tear duct plugs are permanent tear duct plugs which can last for years. Intracanalicular tear duct plugs offer a more permanent solution as they sit deeply in the duct. Amongst all, hospitals end-use segment is expected to hold maximum share in the global tear duct plugs market.
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Tear Duct Plugs Market: Key Players
Examples of some of the key players operating in the global tear duct plugs market are Lacrimedics, Inc., OASIS Medical, Beaver-Visitec International, FCI Ophthalmics Inc., and Surgical Specialties Corporation, among others. The key players in the global tear duct plugs market are primarily targeting for geographical expansion in order to increase their market presence by adopting new strategies. Strategies may include acquisitions, agreements, collaborations, mergers, and others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators, and governing factors, along with market attractiveness as per segment. The report also maps the qualitative impact of various market factors on market segments and geographies.
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Tear Duct Plugs Market: Regional Outlook
Geographically, the global tear duct plugs market is segmented into North America, Latin America, Europe, CIS & Russia, Asia Pacific excluding Japan (APEJ), Japan, and the Middle East and Africa (MEA). North America is expected to hold maximum share in the global tear duct plugs market owing to the presence of leading market players in the region. This is followed by Europe due to the rising product innovation and high adoption of tear duct plugs. Due to the rising incidence of eye disorders in the developing countries, manufacturers are also targeting emerging market. Asia Pacific region is considered as the fastest growing market for tear duct plugs due to the large patient pool and rising geriatric population. However, other regions such as Latin America and the Middle East and Africa are expected to grow at a significant CAGR over the forecast period.
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