The global artificial tears market size is expected to reach USD 4.30 billion by 2027, exhibiting a CAGR of 5.9% during the forecast period. The growing incidence of ocular diseases can be a vital factor amplifying the growth of the global market, states Fortune Business Insights, in a report, titled “Artificial Tears Market Size, Share & COVID-19 Impact Analysis, By Type (Polyethylene Glycols (PEG) and Polypropylene Glycols (PPG), Cellulose, and Others), By Delivery (Eye Drops, and Ointments), By Application (Dry Eye Syndrome, Allergies & Infections, and Others), By Distribution Channel (Hospital Pharmacies, Drug Stores & Retail Pharmacies, and Online Pharmacies), and Regional Forecast, 2020-2027.” The market size stood at USD 2.64 billion in 2019.
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Presence of Eminent Players to Promote Business in North America
The market size in North America stood at USD 1.38 billion in 2019. The growth in North America is attributed to the robust healthcare infrastructure. The growing demand for sophisticated artificial tears will enable the growth of the market. The presence of key market players will influence growth in the region. The increasing prevalence of dry eye syndrome and other ocular diseases such as eye allergies will create lucrative business opportunities for the market.
As per the survey conducted by National Health and Wellness in 2013, it was estimated that up to 6.8% of the population in the U.S. was to be affected by dry eye syndrome. The large patient population is likely to accelerate revenue in North America. The market in Asia Pacific is expected to witness a rapid growth rate during the forecast period due to the growing awareness about ocular diseases. The increasing patient population and healthcare expenditure will foster the healthy growth of the market in the region. The Middle and East and Africa are predicted to account for a significant share in the global market due to the enriching economic conditions and improved healthcare systems.
List of the Leading Companies Operating in the Artificial Tears Market are:
Allergan (AbbVie Inc.) (Dublin, Ireland)
Santen Pharmaceutical Co., Ltd. (Osaka, Japan)
Bausch & Lomb (Laval, Canada)
Alcon (Geneva, Switzerland)
Novartis AG (Basel, Switzerland)
Akorn Inc. (Lake Forest, U.S.)
Eyevance Pharmaceuticals LLC (Forth Worth, U.S.)
Sun Pharmaceutical Industries Ltd. (Mumbai, India)
Johnson & Johnson (New Brunswick, U.S.)
Bayer AG (Leverkusen, Germany)
Otsuka Pharmaceutical Co., Ltd. (Tokyo, Japan)
Other Players
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Detailed Table of Content:
Introduction
Research Scope
Market Segmentation
Research Methodology
Definitions and Assumptions
Executive Summary
Market Dynamics
Market Drivers
Market Restraints
Market Opportunities
Key Insights
Prevalence of Dry Eye Disease - By Key Countries
Prevalence of Conjunctivitis - By Key Countries
Pipeline Analysis
Key Industry Developments
New Product Launches
Regulatory Scenario - By Key Countries
Reimbursement Scenario - By Key Countries
R&D Advancements in Artificial Tears
Global Artificial Tears Market Analysis, Insights and Forecast, 2016-2027
Key Findings / Summary
Market Analysis, Insights and Forecast �" By Type
Polyethylene Glycols (PEG) and Polypropylene Glycols (PPG)
Cellulose
Others
Market Analysis, Insights and Forecast �" By Delivery
Eye Drops
Ointments
Market Analysis, Insights and Forecast �" By Application
Dry Eye Syndrome
Allergies & Infections
Others
Market Analysis, Insights and Forecast �" By Distribution Channel
Hospital Pharmacies
Drug Stores & Retail Pharmacies
Online Pharmacies
Market Analysis, Insights and Forecast �" By Region
North America
Europe
Asia Pacific
Latin America
Middle East & Africa
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