U.S. Dry Eye Disease Diagnostic Devices Market is Witnessing a Tremendous Rise in its Valuation | TMR Study

U.S. Dry Eye Disease Diagnostic Devices Market: Overview

According to Transparency Market Research's latest research report on the dry eye disease diagnostic devices market in the U.S. for the historical period 2017-2019, considering 2020 as the base year, and the forecast period from 2021 to 2031, the dry eye disease diagnostic devices market in the U.S. was valued at US$ 58.3 Mn in 2020 and is projected to expand at a CAGR of 4.4% from 2021 to 2031.

Rise in prevalence and incidence rates of dry eye disease in the U.S., technical advancements in dry eye disease diagnostic devices, adverse effects of rising pollution levels, and increase in use of electronics are anticipated to propel the market during the forecast period.

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Rise in Prevalence and Incidence Rates of Dry Eye Disease in U.S: Key Drivers

In the U.S., dry eye disease is considered a critical and significant public health issue. An article published in the American Journal of Ophthalmology stated that overall estimated prevalence of dry eye disease was 5.28% in the U.S. between 2003 and 2015.

It also indicated that the prevalence and incidence vary from 5% to 50%, and the prevalence is rising due to higher incidence of some risk factors and gradual increase, especially in the geriatric population. Hence, rise in prevalence of dry eye disease is expected to drive the market.

Surge in the geriatric population increases the risk of dry eye diseases. This, in turn, is likely to augment the dry eye disease diagnostic devices market in the U.S.

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According to the American Journal of Ophthalmology, in the U.S., prevalence of dry eye disease increased with age from 0.20% for ages two to 17 years to 11.66% for individuals aged over 50 years. The geriatric population represented 16% of the population of the U.S. The number of elderly people in the country has increased by 14.4 million, or 36%, since 2009 compared to a rise of 3% for the under-65 population.

Therefore, surge in the geriatric population and rise in prevalence & incidence rates of dry eye disease in the U.S. are projected to drive the dry eye disease diagnostic devices market

Technical Advancements in Dry Eye Disease Diagnostic Devices: Major Driver

Dry eye is one of the most common problems faced by ophthalmologists. Its multiple causes have made it a challenge to diagnose. Companies focus on addressing this challenge and find a diagnostic method, thereby creating a more precise device for it.

Technological advancements enable ophthalmologists to provide fast, accurate, smooth diagnosis with enhanced efficiency. Hence, technological advancements is a significant driver of the dry eye disease diagnostic devices market in the U.S.

Innovative technology and unique usability of dry eye diagnostic devices create a new standard for dry eye analysis

These factors are anticipated to propel the dry eye disease diagnostic devices market in the U.S. during the forecast period

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U.S. Dry Eye Disease Diagnostic Devices Market: Market Segmentation

In terms of device type, the dry eye disease diagnostic devices market in the U.S. has been classified into anterior segment OCT (AS-OCT), meibography device, corneal topographer, osmolarity testing device, ocular surface thermographer, interferometer, fluorophotometer, and others

Based on disease, the dry eye disease diagnostic devices market in the U.S. has been bifurcated into evaporative dry eye syndrome and aqueous dry eye syndrome

In terms of end-user, the dry eye disease diagnostic devices market in the U.S. has been divided into hospitals, diagnostic centers, ophthalmology centers/clinic, and others

Each of the segments has been analyzed in detail for market trends, recent trends, and developments, drivers, restraints, opportunities, and useful insights. The dry eye disease diagnostic devices market report provides current and expected revenue (US$ Mn) for each of these segments from 2021 to 2031, considering 2020 as the base year. The compound annual growth rate (% CAGR) has been provided for each segment and market from 2021 to 2031 along with market size estimations.

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Major Players

The dry eye disease diagnostic devices market report concludes with the company profiles section, which includes key information about major players in the dry eye disease diagnostic devices market in the U.S.

Leading players analyzed in the report include

Johnson & Johnson Services, Inc.
OCULUS Optikgeräte GmbH
Carl Zeiss Meditec AG
TearLab Corporation
Optovue, Inc.
AXIM Biotechnologies
Topcon Corporation
Quantel Medical
Essilor Instruments
I-MED Pharma, Inc.
Box Medical Solutions Inc.
NIDEK CO., LTD.

Each of these players has been profiled in the U.S. dry eye disease diagnostic devices market report based on parameters such as company overview, financial overview, business strategies, application portfolio, business segments, and recent developments

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