The Business Research Company’s report on the Dry Eye Products Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
How are market drivers shaping the future growth trajectory of the dry eye products industry?
The rising prevalence of dry eye conditions is expected to propel the growth of the dry eye products market going forward. 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. For instance, in March 2022, according to a survey conducted by Eyes on Eyecare with 540 eyecare experts, a US-based eyecare professionals’ company, 35 million Americans will suffer from dry eye disease (DED) in 2022, with the frequency increasing year after year. Furthermore, according to UpToDate Inc., a US-based health information provider, in 2022 meta-analysis of three US studies showed an 8.1% pooled prevalence of dry eye. Therefore, the rising prevalence of dry eye conditions drives the growth of the dry eye products market.
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What is the estimated market size of the dry eye products sector by 2029, based on current forecasts?
The dry eye products market size has grown strongly in recent years. It will grow from $7.7 billion in 2024 to $8.18 billion in 2025 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to aging population, environmental factors, consumer awareness, healthcare professional recommendations, ocular surgery proliferation
The dry eye products market size is expected to see strong growth in the next few years. It will grow to $10.5 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to continued digital device usage, increased screen time, rising awareness and diagnosis, ophthalmic innovation, telemedicine, and remote consultations. Major trends in the forecast period include advanced treatment modalities, preservative-free formulations, smart eye care devices, integration with wearable tech, combined therapy approaches.
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#Who are the top players in the dry eye products market?
Major companies operating in the dry eye products market include Johnson & Johnson, AbbVie Inc., Novartis AG, Abbott Laboratories, Teva Pharmaceutical Industries Ltd., Otsuka Pharmaceutical Co. Ltd., Alcon Inc., Bausch Health Companies Inc, Santen Pharmaceutical Co. Ltd., Rohto Pharmaceutical Co. Ltd., Lumenis, AFT Pharmaceuticals Limited, Biotrue Inc., URSAPHARM Arzneimittel GmbH, Sight Sciences, OCuSOFT Inc, Oasis Medical Inc., Novaliq GmbH, Similasan, MiBo Medical Group, TheraTears, Allergan Plc, Systane, Refresh Plus, Optase, Visine Inc.
#What are the major trends in the dry eye products market?
Technological advancements are a key trend gaining popularity in the dry eye products market. 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.
Which geography holds the highest dry eye products market share?
North America was the largest region in the dry eye products market in 2024 and is expected to be the fastest-growing region in the dry eye products market report during the forecast period. The regions covered in the dry eye products market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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How do different segments contribute to the overall expansion of the dry eye products market?
The dry eye products market covered in this report is segmented –
1) By Product: Antibiotic Drops, Hormone Drops, Artificial Tears, Other Products
2) By Type: Prescription Drugs, Over-The-Counter Drugs
3) By Distribution Channel: Hospital Pharmacies, Retail Pharmacies, Specialty Clinics, E-Commerce, Other Distribution Channel
Subsegments:
1) By Antibiotic Drops: Topical Antibiotic Drops, Combination Antibiotic And Anti-inflammatory Drops
2) By Hormone Drops: Testosterone Drops, Estrogen Drops
3) By Artificial Tears: Preservative-Free Artificial Tears, Preserved Artificial Tears, Gel-based Artificial Tears
4) By Other Products: Ointments, Punctal Plugs, Eye Masks And Compresses, Nutritional Supplements
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How is the dry eye products market defined?
Dry eye products refer to products that provide relief and alleviate the symptoms of dry eye syndrome, a condition in which the eyes do not produce enough tears, or the tears evaporate too quickly. These products lubricate the eyes, reduce inflammation, and increase moisture to relieve dryness, irritation, and discomfort.
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