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Dry Eye Products Market Size, Trends, Growth, Analysis And Forecast 2023-2032 | Johnson & Johnson, AbbVie Inc., Novartis AG, Abbott Laboratories, Teva Pharmaceutical Industries Ltd.
Dry Eye Products Market Report
The Business Research Company's Dry Eye Products Global Market Report 2023 identifies the rising prevalence of dry eye conditions as the major driver for the dry eye products market's growth in the forecast period. A dry eye is characterized by insufficient lubrication and moisture on the eye's surface. A dry eye can cause discomfort, irritation, and vision problems. Dry eye products help manage the symptoms of dry eye conditions.
The global dry eye products market is expected to grow from $6.79 billion in 2022 to $7.26 billion in 2023 at a compound annual growth rate (CAGR) of 6.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global dry eye products is expected to reach $9.11 billion in 2027 at a CAGR of 5.8%.
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Major competitors in the dry eye products market are Johnson & Johnson, AbbVie Inc., Novartis AG, Abbott Laboratories, Teva Pharmaceutical Industries Ltd.
A key trend in the dry eye products market includes technological advancement. Major companies operating in the dry eye products market are adopting new technologies to sustain their position in the market. For instance, in January 2022, Sun Pharma Canada Inc., a Canada-based pharmaceutical company, launched CEQUA, a novel dry eye disease treatment catering to the needs of Canadian individuals experiencing this condition. CEQUA, containing cyclosporine ophthalmic solution 0.09% w/v, is distinguished as Canada's first dry eye treatment utilizing nano micellar (NCELL) technology. This advanced technology enhances the bioavailability and stability of cyclosporine, facilitating better penetration into ocular tissues for improved therapeutic outcomes.
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The dry eye products market is segmented -
•By Product: Antibiotic Drops, Hormone Drops, Artificial Tears, Other Products
•By Type: Prescription Drugs, Over-The-Counter Drugs
•By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Specialty Clinics, E-Commerce, Other Distribution Channel
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the dry eye products market.
The Business Research Company's "Global Dry Eye Products Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Dry Eye Products Market Include:
1. Executive Summary
2. Dry Eye Products Market Characteristics
3. Dry Eye Products Market Trends And Strategies
4. Dry Eye Products Market - Macro Economic Scenario
5. Global Dry Eye Products Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Dry Eye Products Market Competitive Benchmarking
33. Global Dry Eye Products Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Dry Eye Products Market
35. Dry Eye Products Market Future Outlook and Potential Analysis
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