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Future of the Over-The-Counter (OTC) Products-Eye Care Market: Strategic Analysis and Forecast to 2034

07-04-2025 08:11 AM CET | Health & Medicine

Press release from: The Business Research Company

Over-The-Counter (OTC) Products-Eye Care

Over-The-Counter (OTC) Products-Eye Care

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Over-The-Counter (OTC) Products-Eye Care Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The market size of over-the-counter (OTC) products focused on eye care has been showing significant growth in the past years, expanding from $31.17 billion in 2024 to an estimated $34.08 billion in 2025. This corresponds to a compound annual growth rate (CAGR) of 9.3%. Various factors contributed to this robust growth during the historical period, including a rise in instances of digital eye strain, a swelling aging population worldwide, growing understanding of eye health and sanitation, increased patterns of self-medicating, and broader accessibility of OTC products via both retailers and online platforms.

Over-The-Counter (OTC) Products-Eye Care Market Size Forecast: What's the Projected Valuation by 2029?
The market size for over-the-counter (otc) eye care products is projected to experience significant growth in the coming years, reaching $48.08 billion in 2029 with a compound annual growth rate (CAGR) of 9.0%. This anticipated growth is largely ascribed to factors like a rise in urban pollution and allergens, an increase in lifestyle-associated eye problems, an uptick in preventive eye care adoption, new product introductions and branding by prominent brands, and expanding demand in developing countries. The forecast period will also see trends like progress in preservative-free compounds, the application of digital health capabilities to eye care product lines, advancements in packaging fueled by technology, breakthroughs in nanotechnology for eye care remedies, and improvements in artificial tear and lubricants formulations.

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What Are the Drivers Transforming the Over-The-Counter (OTC) Products-Eye Care Market?
The over-the-counter (OTC) products-eye care market is anticipated to burgeon due to the increased exposure to digital screens. Exposure to devices such as computers, smartphones, and tablets are on a rise with remote work and online communication becoming a necessity, leading to more hours spent in front of a screen each day. OTC eye care products help alleviate problems caused by extensive screen exposure, such as dryness, irritation, and lack of ocular hydration. The Centers for Disease Control and Prevention, a US-based government agency, revealed in October 2024 that from July 2021 to December 2023, over half of teenagers aged 12-17 (50.4%) used screens for 4 or more hours daily, with 22.8% averaging 3 hours, 17.8% spending 2 hours, 6.1% spending 1 hour, and just 3.0% using screens for less than an hour each day. The increased screen usage, therefore, fuels the growth of the over-the-counter (OTC) products-eye care market.

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What Long-Term Trends Will Define the Future of the Over-The-Counter (OTC) Products-Eye Care Market?
In the over-the-counter (OTC) products-eye care market, principal corporations are prioritizing the creation of improved products like OTC eye drops. These are designed to better moisture preservation and offer enduring alleviation for prevalent eye discomforts. Desire for these non-prescription drops are increasing, as they are effective in dealing with problems such as dryness, red eyes, irritation, and allergies, by moistening the eyes and ensuring their wellness. Taking the case of Glenmark Pharmaceuticals, an American-based pharmaceutical firm that unveiled its Olopatadine Hydrochloride Ophthalmic Solution USP, 0.1% (OTC), in the U.S. in August 2024. This product was specifically created to cater to the growing demand for allergy eye drops and is positioned to rival Pataday Twice Daily Relief in the market. The pharmaceutical company amplified its reach by making the product accessible in key retail stores and pharmacies all over the U.S, thereby extending its consumer healthcare range.

Which Segments in the Over-The-Counter (OTC) Products-Eye Care Market Offer the Most Profit Potential?
The over-the-counter (OTC) products-eye care market covered in this report is segmented -

1) By Product: Contact Lenses, Intraocular Lenses, Ocular Health Products, Other Products
2) By Distribution Channel: Hospitals And Clinics, Retail Stores, Online Stores, Other Distribution Channels
3) By Application: Dry Eye Treatment, Allergy Relief, Infection Prevention And Treatment, Vision Support, Post-Procedure Eye Comfort

Subsegments:
1) By Contact Lenses: Soft Contact Lenses, Rigid Gas Permeable (RGP) Lenses, Hybrid Contact Lenses, Daily Disposable Lenses, Extended Wear Lenses, Cosmetic (Colored) Lenses
2) By Intraocular Lenses: Monofocal Intraocular Lenses, Multifocal Intraocular Lenses, Toric Intraocular Lenses, Accommodative Intraocular Lenses, Phakic Intraocular Lenses
3) By Ocular Health Products: Artificial Tears And Lubricants, Antihistamine Eye Drops, Redness Relievers, Antibiotic Eye Drops, Eye Wash Solutions, Nutritional Supplements
4) By Other Products: Eye Patches And Shields, Eye Compresses, Eyelid Cleansers And Wipes, Blue Light Blocking Glasses, Eye Vitamins And Herbal Remedies, Vision Therapy Tools

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Which Firms Dominate the Over-The-Counter (OTC) Products-Eye Care Market by Market Share and Revenue in 2025?
Major companies operating in the over-the-counter (OTC) products-eye care market are AbbVie, Novartis AG, Alcon, Intas Pharmaceuticals, Macleods Pharmaceuticals, Sun Pharmaceutical Industries Limited, Perrigo Company plc, Bausch + Lomb, Dr. Reddy's Laboratories, Cipla Ltd., Santen Pharmaceutical Co. Ltd., Rohto Pharmaceutical, GlenMark Pharmaceuticals Ltd., Ocusoft Inc., Medicom Healthcare, NovaBay Pharmaceuticals Inc., Himalaya Wellness Company, Grevis Pharmaceuticals, TearRestore Inc., Théa Pharma Inc.

Which Regions Offer the Highest Growth Potential in the Over-The-Counter (OTC) Products-Eye Care Market?
North America was the largest region in the over-the-counter (OTC) products-eye care market in 2024. The regions covered in the over-the-counter (OTC) products-eye care market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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