Press release
Dry Eye Disease Market Growth Factors, Segmentation, Trends, Opportunities, Key Players and Forecast | Evolve Business Intelligence
As per the study initiated by Evolve Business Intelligence, the global Dry Eye Disease Market size accounted for USD 0.22 Billion in 2023, growing at a CAGR of 4.71% from 2023 to 2033. Dry eye disease (DED) is a chronic ocular condition characterized by insufficient tear production or poor tear quality, leading to symptoms such as ocular discomfort, irritation, redness, and blurred vision. It occurs when the eyes fail to maintain an adequate tear film to keep the ocular surface lubricated and protected, often resulting in inflammation and damage to the cornea and conjunctiva. Various factors, including environmental conditions, aging, hormonal changes, certain medications, and underlying health conditions, contribute to the development of DED. Management typically involves a combination of artificial tears, lifestyle modifications, and sometimes prescription medications or procedures aimed at improving tear production and reducing inflammation to alleviate symptoms and prevent complications.The Dry Eye Disease market is primarily driven by an aging population, which is more susceptible to developing this condition due to age-related changes in tear production and quality. Additionally, increasing screen time and environmental factors such as pollution contribute to the growing prevalence of dry eye symptoms, boosting demand for therapeutic interventions and innovative treatments within the market.
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Key Highlights:
• The global Dry Eye Disease Market size was valued at USD 0.22 billion in 2023 growing at a CAGR of 4.71% from 2023 to 2033.
• North America dominated the market in 2023
• Asia Pacific is expected to grow at the highest CAGR from 2023 to 2033
Evolve Business Intelligence has just unveiled its latest market research report focusing on the Global Dry Eye Disease Market. This comprehensive report delves into various facets of the market, including market size and projections, market dynamics, competitor market share analysis, market value and volume, SWOT analysis, product comparisons, recent advancements by major players, and prospective opportunities. Furthermore, the market's evaluation in the dynamic chapter considers four key indicators: Drivers, Constraints, Emerging Trends, and Challenges.
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Key Players
Some of the major Dry Eye Disease Market players holding high market shares include AbbVie Inc., AFT Pharmaceuticals, Akorn, Alcon Inc., and Bausch Health Companies Inc. These players use partnership and collaboration as a key strategy to gain significant market share to compete with market leaders.
The key players profiled in the report are:
• AbbVie Inc
• AFT Pharmaceuticals
• Akorn
• Alcon Inc
• Bausch Health Companies Inc.
• Horus Pharma
• Johnson & Johnson
• Mitotech
• Novaliq GmbH
• OASIS Medical
Segmental Analysis
Market Segment By Type
• Evaporative Dry Eye Syndrome
• Aqueous Deficient Dry Eye Syndrome
Market Segment By Drug
• Restasis
• Xiidra
• Cequa
• Eysuvis
• Tyrvaya
• Others
Market Segment By Product
• Cyclosporine
• Topical Corticosteroids
• Artificial Tears
• Punctal Plugs
• Others
Market Segment By Distribution Channel
• Hospital Pharmacies
• Retail Pharmacies
• Online Pharmacies
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Key Region/ Countries Covered
• North America (US, Canada, Mexico)
• Europe (Germany, U.K., France, Italy, Spain, Russia, Nordic Countries, BeNeLux, Rest of Europe)
• Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Rest of Asia Pacific)
• Middle East and Africa (Saudi Arabia, UAE, Egypt, South Africa, Rest of MEA)
• Latin America (Mexico, Brazil, Argentina, Rest of Latin America)
Reasons to Buy this Report:
• Comprehensive insights.
• Reliable and accurate data.
• Market size and data forecast
• Competitive analysis.
• Identification of market opportunities.
• Risk identification and mitigation strategies.
• SWOT analysis.
• TAM Analysis
• Recent industry developments.
• Customization options.
• Expertise and guidance for strategic decision-making
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About EvolveBI
Evolve Business Intelligence is a market research, business intelligence, and advisory firm providing innovative solutions to challenging pain points of a business. Our market research reports include data useful to micro, small, medium, and large-scale enterprises. We provide solutions ranging from mere data collection to business advisory.
Evolve Business Intelligence is built on account of technology advancement providing highly accurate data through our in-house AI-modelled data analysis and forecast tool - EvolveBI. This tool tracks real-time data including, quarter performance, annual performance, and recent developments from Fortune's global 2000 companies.
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