OTC Artificial Tears Market Demand, Share, Trend, Business Opportunity, Product, Forecast 2030 | Global Value $6.4 Billion by 2030

According to the report published by Allied Market Research, the global OTC Artificial Tears Market garnered $4.37 billion in 2020, and is estimated to reach $6.39 billion by 2028, witnessing a CAGR of 4.9% from 2021 to 2028. The report offers an extensive analysis of changing market trends, top segments, major investment pockets, regional scenarios, value chain, and competitive landscape.

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Covid-19 scenario-

• The supply chain disrupted due to lockdown imposed by governments of various countries. This led to shortage of some medical products for distribution. However, governments provided relaxation for medical products during the pandemic, which in turn, is expected to improve the prospects of the market.
• The availability of over the counter (OTC) products such as artificial tears further helped in speedy expansion. In addition, the online pharmacies further catered to the demand during the pandemic.

𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 https://www.alliedmarketresearch.com/purchase-enquiry/11708

𝐊𝐄𝐘 𝐅𝐈𝐍𝐃𝐈𝐍𝐆𝐒 𝐎𝐅 𝐓𝐇𝐄 𝐒𝐓𝐔𝐃𝐘

• Based on product type, the solution segment held the highest market share, accounting for around two-fifths of the total share in 2020, and is projected to maintain its lead position during the forecast period. However, the gel segment is estimated to register the highest CAGR of 5.4% from 2021 to 2028.

• Based on container type, the plastic multi-dose container segment accounted for the largest market share in 2020, contributing to more than two-fifths of the global OTC artificial tears market, and is estimated to continue its leadership status during the forecast period. Moreover, this segment is projected to witness the largest CAGR of 5.2% from 2021 to 2028.

• Based on region, North America contributed to the largest market share in 2019, holding more than one-third of the total share, and is expected to maintain its dominant share in terms of revenue by 2028. However, Asia-Pacific is estimated to portray the highest CAGR of 6.0% during the forecast period.

• Leading players of the global OTC artificial tears market analyzed in the research include AbbVie, Inc., Alcon, Akorn, Inc., Johnson & Johnson, Bausch & Lomb, Santen Pharmaceutical Co. Ltd., Ocusoft, Sun Pharmaceutical Industries Limited, Similasan Corporation, and Ursapharm Arzneimittel GmbH.

𝐎𝐭𝐡𝐞𝐫 𝐓𝐫𝐞𝐧𝐝𝐢𝐧𝐠 𝐑𝐞𝐩𝐨𝐫𝐭𝐬:

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This release was published on openPR.

This release was published on openPR.