Dry Eye Products Market to hit USD 9,681.73 million, Globally, by 2028 at 5.1% CAGR: The Insight Partners

The dry eye products market is projected to reach US$ 9,681.73 million by 2028 from US$ 6,837.26 million in 2021; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.

The report highlights the key factors driving the market growth and prominent players with their developments in the market. Factors such as rising incidences of dry eye and growing geriatric population are expected to boost the growth of the global dry eye products market. However, the side effects caused due to eye drops is limiting the growth of dry eye products market.

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.

Get Sample PDF Copy of Dry Eye Products Market at:
https://www.theinsightpartners.com/sample/TIPRE00012323/?utm_source=OpenPR&utm_medium=10408

Market Insights
Growing Older Population
The development in the healthcare industry has enabled to offer various hi-tech healthcare facilities that have allowed offering increased life expectancy. Countries across the world are adopting new techniques to treat older people safely and effectively. Therefore, the increased quality of life is decreasing the death rates, and the older population is growing significantly all over the world. For instance, according to the Department of Economic and Social Affairs, the United Nations report for 2019, there were 703 million individuals of age 65 years and above and is estimated to grow double to 1.5 billion by 2050.
The growing geriatric population across the world is expected to increase the demand for dry eye products such as artificial tears. These are available over the counter (OTC) and can be used as a supplement to natural tears.

Product -Based Insights
Based on the product type, the market is segmented into artificial tears, antibiotic drops, hormone drops, and others. The artificial tears segment held the largest share of the market in 2021.

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.

Speak to Analyst for more details:
https://www.theinsightpartners.com/speak-to-analyst/TIPRE00012323?utm_source=OpenPR&utm_medium=10408

Dry Eye Products Market: Competitive Landscape and Key Developments
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 Inc. are among the leading companies operating in the dry eye products market.

Based on type, the global dry eye products market is bifurcated into OTC drugs, and prescription drugs. The OTC drugs segment held the largest share of the market in 2021. However, the prescription drugs segment is anticipated to register the highest CAGR during the forecast period. Prescription drugs are given when patients are not getting results with prolonged use of artificial tears that are available over the counter, these patients are advised to visit an eye specialist.

Order a Copy of Dry Eye Products Market Shares, Strategies and Forecasts 2021-2028 Research Report at:
https://www.theinsightpartners.com/buy/TIPRE00012323/?utm_source=OpenPR&utm_medium=10408

Contact Us:
If you have any queries about this report or if you would like further information, please contact us:
Contact Person: Sameer Joshi
E-mail: sales@theinsightpartners.com
Phone: +1-646-491-9876

About US
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 specialize in industries such as Semiconductor and Electronics, Aerospace and Defence, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Food and Beverages, Consumers and Goods, Chemicals and Materials.

This release was published on openPR.