Artificial Tears Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Artificial Tears Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : August, 2020 | Pharmaceutical | PPT format

Report Digest


Global Arificial Tears Market: Snapshot

The rapidly growing global geriatric population is playing an instrumental role in the growth of the global artificial tears market. Since aging results in weaker eyes, aged people are more susceptible to ophthalmic disorders such as dry eye syndrome. This is, therefore, resulting in greater uptake of artificial tears. Moreover, the market is likely to benefit with the increasing pool of people undergoing eye surgeries. The management of dry eye, which is a general condition post eye surgery, is spurring the demand. Besides their conventional application, they are also used for animals as a part of the topical therapy for keratoconjunctivitis sicca.

Some of the different types of artificial tears, on the basis of their raw materials, are cellulose-derived tears, glycerin-based tears, oil-based emulsion tears, and polyethylene glycol and propylene glycol-based tears. Glycerin-based tears are likely to exhibit high demand, owing to their easy availability and ability to keep eyes moist for long. However, a shift towards cellulose-derived tears is likely to be observed in the near future due to the increasing end user inclination towards natural products. Based on delivery, ointments and artificial tears are two common dry eye relief methods.

Artificial tears manufacturers are likely to capitalize on the immense potential offered by emerging countries in Asia Pacific and Latin America. Players are involved in producing products that are advanced and in line with requirements of end users, which is helping them in enhancing their visibility. Key artificial tears market participants are paying high attention to research and development activities to diversify their product portfolio.

Global Artificial Tears Market: Overview 

Artificial tears are eye drops that are used to lubricate dry eyes and they help to preserve moisture on the outer surface of the eyes. Artificial tears are used to treat dry eyes, a condition resulting due to certain medications, aging, and surgery or environmental conditions. Artificial tears are essential for treating dry eye symptoms and are available commercially without prescription. 

Artificial tears are manufactured to imitate real tears and for treating various eye problems. These artificial tears are manufactured using salts, water, and polymers. However, artificial tears do not possess the protein that are present in natural tears. In recent years, artificial tears have emerged as an effective solution serving the need of individuals who have extremely dry eyes and need to moisten them every few hours. 

The research report is an all-important tool to comprehend trends, opportunities, and competitive hierarchy of the global artificial tears market until the end of the forecast period in 2025. The report is presented after collecting data from industry-centric databases and scrutinizing the data using standard analytical tools. 

The research report divides the artificial tears market on the basis of product and geography. Included in the report is an elaborate executive summary, which provides details of the various segments and sub-segments of the market. 

Global Artificial Tears Market: Drivers and Restraints 

The increasing incidence of dry eye syndrome (DES) is one of the major factors driving the artificial tears market. Dry eye syndrome is triggered due to prolonged exposure to digital displays, poor eyelid, regular air travels, malnutrition, dry weather spells, chronic conjunctivitis, scars of eye injury, poor diet, and severe climatic changes. The economic condition of consumers in developing countries is also propelling this market; the low per capita income in developing countries compared to developed countries will result in increased utilization of low-priced artificial tear products. 

The increasing use of preservative-free artificial tears, an increasing demand for advanced products for post-surgery care for dry eyes, technological advances, an increasing number of individuals wearing contact lens, and the surging number of mobile and smartphone users are some other factors driving the growth of global artificial tears market. 

However, the growth of the artificial tears market is impeded due to certain factors. The excessive use of artificial tears can have side effects such as redness in the eyes, vision changes, irritation, and eye pain. Nevertheless, the use of advanced eye care products has addressed these issues to some extent. 

Global Artificial Tears Market: Regional Outlook

The global artificial tears market is divided into North America, Europe, Asia Pacific, and Rest of the World. Asia Pacific is expected to display attractive growth opportunities due to an increasing aging population and rising incidence of DES patients in the region. 

Companies Mentioned in Report 

The report presents the vendor landscape of the global artificial tears market with a detailed competitive profile of major companies operating in this market. These are Allergan Inc., Advanced Vision Research Inc., AbbottMedical Optics Inc., Novartis International AG, Santen Pharmaceuticals, McNEIL-PPC, Bausch & Lomb, and Alcon Inc. 

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.