Press release
Increased Digital Device Usage Fueling Growth In The OTC Dry Eye Drops Market: A Key Factor Shaping the Future of the OTC Dry Eye Drops Market in 2025
OTC Dry Eye Drops
The growing reliance on digital devices is expected to drive the OTC dry eye drops market. With the rise in digital device use, people often experience dry eye symptoms due to prolonged screen time. OTC dry eye drops provide convenient relief for these symptoms, ensuring eye comfort for individuals using digital devices regularly. In the UK, Uswitch Limited reported that mobile connections reached 71.8 million in 2022, with 95% of the population expected to have smartphones by 2025. This surge in digital device usage is anticipated to boost the OTC dry eye drops market.
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What is the future CAGR of the otc dry eye drops market, and how will it impact industry expansion?
The OTC dry eye drops market has grown strongly, increasing from $3.49 billion in 2024 to $3.79 billion in 2025 at a CAGR of 8.6%. Growth has been fueled by increased screen time, lifestyle changes, rising vision-threatening disorders, digital device usage, and contact lens adoption.
The OTC dry eye drops market is projected to grow significantly, reaching $5.21 billion in 2029 at a CAGR of 8.2%. Growth factors include an aging population, rising awareness of eye health, increasing prevalence of dry eye syndrome, and heightened consumer health consciousness. Trends include technological advancements in formulations, hydrogel technology, product innovations, and strategic partnerships.
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What are the most significant trends transforming the otc dry eye drops market today?
Companies in the OTC dry eye drops market are introducing preservative-free lubricant eye drops to maintain a competitive edge. For instance, Alcon Inc. launched Systane Complete Preservative-Free Lubricant Eye Drops in January 2022, which feature advanced nanodroplet technology for fast hydration and long-lasting relief, packaged in a multi-dose bottle with PureFlow technology to prevent contamination.
Which key market segments comprise the otc dry eye drops market and drive its revenue growth?
The OTC dry eye drops market covered in this report is segmented -
1) By Type: Generics, Branded
2) By Product: Preservatives Free, With Preservatives
3) By Viscosity: High Viscosity, Low Viscosity
4) By Distribution Channel: Online Pharmacies, Drugstores And Supermarkets, Retail Pharmacies, Other Distribution Channels
Subsegments:
1) By Generics: Artificial Tears (Non-Prescription), Lubricating Drops, Moisturizing Eye Drops, Rewetting Drops For Contact Lens Wearers
2) By Branded: Brand-Specific Artificial Tears (Blink, Systane, Refresh), Prescription-To-Otc Switch Brands, Premium Lubricating Drops (With Added Ingredients Like Hyaluronic Acid, Vitamins)
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Which regions are key players in the growth of the otc dry eye drops market?
North America was the largest region in the OTC dry eye drops market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the OTC dry eye drops market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the otc dry eye drops market?
Major companies operating in the OTC dry eye drops market are Pfizer Inc., Johnson & Johnson Services Inc., Novartis International AG, Allergan plc, Otsuka Pharmaceutical Co. Ltd., Alcon Inc., Bausch Health Companies Inc., Sun Pharmaceutical Industries Ltd., Santen Pharmaceutical Co. Ltd., Rohto Pharmaceutical Co. Ltd., Prestige Consumer Healthcare Inc., AFT Pharmaceuticals Ltd., Sentiss Pharma Private Limited, VISUfarma B.V., Ursapharm Arzneimittel GmbH, Thea Pharmaceuticals Inc., Horus Pharma, Oasis Medical, Novaliq GmbH, Medicom Healthcare Ltd., Similasan AG, Altaire Pharmaceutical Inc.
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What Is Covered In The OTC Dry Eye Drops Global Market Report?
•Market Size Forecast: Examine the otc dry eye drops market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the otc dry eye drops market for a structured understanding.
•Key Players Overview: Analyze major players in the otc dry eye drops market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the otc dry eye drops market.
•Segment Contributions: Evaluate how different segments drive overall growth in the otc dry eye drops market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the otc dry eye drops market.
•Industry Challenges: Identify potential risks and obstacles affecting the otc dry eye drops market.
•Competitive Landscape: Review strategic developments in the otc dry eye drops market, including expansions, agreements, and new product launches.
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