The global Dry Eye Syndrome Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Dry Eye Syndrome market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Data Bridge Market Research analyses that the dry eye syndrome market was valued at USD 4.20 billion in 2021 and is expected to reach USD 7.38 billion by 2029, registering a CAGR of 7.30% during the forecast period of 2022 to 2029.
Top Companies in the Global Dry Eye Syndrome Market:
Eli Lilly and Company (US), AstraZeneca (UK), Novartis AG (Switzerland), Johnson & Johnson Private Limited (US), Teva Pharmaceutical Industries Ltd.(Jerusalem), Merck & Co., Inc. (US), Allergan (Ireland), Bausch Health Companies Inc. (Canada), Abbott (US), F. Hoffmann-La Roche Ltd. (Switzerland), Pfizer Inc. (US), GlaxoSmithKline plc (UK), Sanofi (France), Merck KGaA (Germany), Otsuka America Pharmaceutical, Inc. (US), Akorn Operating Company LLC (US), Allostera Pharma Inc. (Canada), I-Med Pharma Inc. (Canada), Santen Pharmaceuticals Co. Ltd., (Japan), AFT Pharmaceuticals (New Zealand), Novaliq GmbH (Germany), among others.
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Market Segmentation:
The dry eye syndrome market is segmented on the basis of product type, dosage type, drug class, dose, medication type, container type, packaging type, type, end-users and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Tear stimulators
- Artificial Tears
- Secretagogue
- Others
On the basis of product type, the market is segmented into tear stimulators, artificial tears, secretagogue and others.
Dosage Type
- Liquid
- Semi-solid
- Others
On the basis of dosage type, the market is segmented into liquid, semi solid and others.
Drug Class
- Lubricating Agent
- Cholinergics
- Anti-Inflammatory
- Anti-Infectives
- Anti-Allergics
- Others
On the basis of drug class, the market is segmented into anti-inflammatory, lubricating agents, anti-infectives, anti-allergics, cholinergics and others.
Dose
- Unit dose
- Multi-dose
On the basis of dose, the market is segmented into multi dose and unit dose.
Medication Type
- Prescription (Rx) Drugs
- Over the Counter (OTC) Drugs
On the basis of medication type, the market is segmented into prescription (RX) drugs, and over the counter (OTC) drug.
Container Type
- Unit-Dose Vials
- Bottles
- Tubes
On the basis of container type, the market is segmented into unit dose vials, bottles, and tubes.
Packaging Type
- Plastic
- Aluminium
- Glass
On the basis of packaging type, the market is segmented into plastic, glass, and aluminium.
Type
- Brands
- Generics
On the basis of type, the market is segmented into generics and brands.
End-Users
- Hospitals
- Specialty Clinics
- Homecare
- Others
On the basis of end-users, the dry eye syndrome market is segmented into hospitals, specialty clinics, homecare and others.
Distribution Channel
- Hospital Pharmacy
- Retail Pharmacy
- Online Pharmacy
- Others
On the basis of distribution channel, the dry eye syndrome market has also been segmented into hospital pharmacy, retail pharmacy, online pharmacy and others.
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America and Europe dominate the dry eye syndrome market because of the growing prevalence of dry eye syndrome in this region. Additionally, growing focus of major key players on novel technology will further propel the market’s growth rate in this region.
Asia-Pacific are expected to grow during the forecast period of 2022 to 2029 due to number of population and rising healthcare expenditure in this region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
Drivers
- Increasing Prevalence of Dry Eyes Among People
The rising prevalence of dry eyes among people is a primary driver of the dry eye syndrome market's growth. Thyroid disorders, lupus, Sjogren’s syndrome, diabetes, rheumatoid arthritis, scleroderma, and others are the various diseases contributing to the high prevalence of dry eyes among people.
- Increasing Investment for Healthcare Infrastructure
Another significant factor influencing the growth rate of dry eye syndrome market is the rising healthcare expenditure which helps in improving its infrastructure.
Furthermore, rising initiatives by public and private organizations to spread awareness will expand the dry eye syndrome market. Additionally, high disposable income and increasing demand for standard treatment will result in the expansion of dry eye syndrome market. Changing dietary pattern and sedentary lifestyle are the factors that will influence the market dynamics during the forecast period. Along with this, rising geriatric population and increasing awareness about dry eye problem among people will enhance the growth rate of the market.
Opportunities
- Increase in the number of research and development activities
Moreover, the market's growth is fueled by an increase in the number of research and development activities. This will provide beneficial opportunities for the dry eye syndrome market growth. Along with this, rising drug approvals and launches will further propel the market’s growth rate.
Moreover, rising investment for the development of advanced technologies and increase in the number of emerging markets will further provide beneficial opportunities for the dry eye syndrome market growth during the forecast period.
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