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Dry Eye Products Market Comprehensive Research by Top Regions, Leading Players, Industry Growth Insights, Business Size and Global Share Forecast to 2031
According to our latest study on "Dry Eye Products Market Forecast to 2031 - Global Analysis - by Product, Dosage Form, Type, and Distribution Channel" the market was valued at US$ 6.95 billion in 2023 and is expected to reach US$ 10.04 billion by 2030. It is estimated to register a CAGR of 4.7% from 2023 to 2031.Dry eye is a condition characterized by the lack of adequate quality of tears to lubricate and nourish the eye or by a quick evaporation of tears. With hormonal changes, as people get older, the tendency to produce tears decreases. Dry eye is common in both males and females. However, more cases are recorded in women, mainly those who have gone through menopause. Dry eye is a chronic condition that doesn't have a specific cure, but treatments can help manage the symptoms.
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Analysis of the Top Market Players:
1. Santen Pharmaceutical Co., Ltd.
2. Johnson & Johnson
3. OASIS Medical
4. URSAPHARM Arzneimittel GmbH
5. Rohto Pharmaceutical Co Ltd
6. OCuSOFT Inc.
7. Bausch Health Companies Inc
8. AbbVie Inc
9. Prestige Consumer Healthcare Inc.
10. Farmigea SpA
11. Alcon AG
In this report, the market has been segmented on the basis of:
Product (Artificial Tears, Anti-Inflammatory Drugs, Punctal Plugs, Secretagogues, Oral Omega Supplements, and Others)
Dosage Form (Eye Drops, Gels, Capsules and Tablets, and Others)
Type (OTC and Prescription)
Distribution Channel (Retail Pharmacy, Hospital Pharmacy, and Online Pharmacy)
Geography (North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America)
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Dry eye disease (DED) ranks third among the most common reasons for visits to an ophthalmology clinic after refractive errors and cataracts, respectively. The prevalence of dry eye is particularly rising in developed nations. Dry eye is caused by multiple factors that result in discomfort, irritation, and visual disturbance. According to an article published by the American Academy of Opthalmology, DED affects approximately 1 in 11 people worldwide, with prevalence ranging from 5% to 50% at various ages. According to a press release by Alcon in 2022, the disease affects ~719 million people globally and ~38 million people in the US. Moreover, the increasing use of digital screens can be associated with a rise in computer vision syndrome (digital eye strain) cases, affecting 26-70% of screen users globally. The prevalence of DED is higher in women and the Asian population among the major demographic groups.
Pprogressive damage caused to the retina due to diabetic retinopathy further results in DED. According to an article published by the American Academy of Ophthalmology, ~191.0 million people globally are estimated to suffer from diabetic retinopathy by 2030. As per the Centers for Disease Control and Prevention (CDC), approximately 9.6 million people (across all ages) in the US were living with diabetic retinopathy in 2021. Thus, the increasing incidence of diabetic retinopathy is driving the growth of the dry eye products market.
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