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Global Dry Eye Medication Market Report Business Opportunities and Strategies Forecast to 2028 – OCuSOFT, AbbVie, ROHTO, OCuSOFT
The dry eye product market was valued at US$ 6,385.14 million in 2019 and is projected to reach US$ 9,141.01 million by 2027; it is expected to grow at a CAGR of 4.8%from 2020 to 2027.Dry eye is a chronic syndrome and is a progressive depending upon the cause and severity. It is a condition when a person does not have tears to lubricate his or her eyes. Tears are an essential part of maintaining good health of the eye and assist in providing good vision. The syndrome is commonly seen among older people and is becoming common among people spending a long time in front of the computer. The factors that can cause dry eye include age, medications, environmental conditions, long term use of contact lenses. The conditions cannot be cured completely; however, it can be managed by using medical products. The dry eye product market growth is mainly attributed to the rising incidences of dry eye and growing older population. Moreover, the development of the technology is focusing on stem cell therapy that can help in treating a dry eye condition is further expected to foster the market growth during the forecast period. However, the side effects caused due to eye drops such as blurred vision, increased sensitivity, watering eyes, redness, swelling of eyelids, sticky eyelashes, and discomfort limit the growth of the market.
The COVID-19 pandemic is perplexing healthcare institutions in North America with unprecedented operational and clinical challenges. North American countries such as the US, Canada, and Mexico was totally closed for two to three months as the strict lockdown was imposed. The lockdown situation has resulted in a fall down a visit to healthcare facilities centres, and fewer prescriptions have been issued for ophthalmic conditions.
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Novartis AG; Santen Pharmaceutical Co., Ltd; Johnson and Johnson Services, Inc; OASIS Medical; URSAPHARM Arzneimittel GmbH; ROHTO Pharmaceutical Co.,Ltd; OCuSOFT Inc; Bausch Health Companies Inc; AbbVie Inc; and Prestige Consumer Healthcare Incare among the leading companies operating in the global dry eye product market.
The global dry eye productmarket,based on product, is segmented into artificial tears, antibiotic drops, hormone drops, and others.The artificial tearssegment held the largest share of the market in 2019, and this growth is ascribed tothe increasing product launch and easy availability as over the counter drug globally. However, the hormone dropssegment is estimated to register the highest CAGR during the forecast period. Also, the COVID-19 pandemic has negatively impacted the global market. The market in North American countries such as the US, Canada, and Mexico was totally closed for two to three months as the strict lockdown was imposed. The lockdown situation has resulted in a fall down a visit to healthcare facilities centers, and fewer prescriptions have been issued for ophthalmic conditions.
Dry Eye Product Market– by Geography
• North America
o US
o Canada
o Mexico
• Europe
o France
o Germany
o Italy
o UK
o Spain
o Rest of Europe
• Asia Pacific(APAC)
o China
o India
o South Korea
o Japan
o Australia
o Rest of APAC
• Middle East and Africa (MEA)
o South Africa
o Saudi Arabia
o UAE
o Rest of MEA
• South and Central America (SCAM)
o Brazil
o Argentina
o Rest of SCAM
Major questions addressed through this global research report:
1. What are the demanding sectors for driving this global Dry Eye Products market?
2. Which are the major key players and competitors?
3. What will be the market size of the global market?
4. Which are the recent advancements in the global Dry Eye Products market?
5. What are the restraints, threats, and challenges in front of the market?
6. What are the global opportunities in front of the market?
7. How digital footprint helps to expand the business structure and economic outcomes?
Table of Content (TOC):
Chapter 1 Introduction and Overview
Chapter 2 Industry Cost Structure and Economic Impact
Chapter 3 Rising Trends and New Technologies with Major key players
Chapter 4 Global Dry Eye Products Market Analysis, Trends, Growth Factor
Chapter 5 Dry Eye Products Market Application and Business with Potential Analysis
Chapter 6 Global Dry Eye Products Market Segment, Type, Application
Chapter 7 Global Dry Eye Products Market Analysis (by Application, Type, End User)
Chapter 8 Major Key Vendors Analysis of Dry Eye Products Market
Chapter 9 Development Trend of Analysis
Chapter 10 Conclusion
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Email: sales@theinsightpartners.com
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The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Technology, Healthcare, Manufacturing, Automotive and Defence.
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