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 : January, 2022 | Pharmaceutical

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 reports at TMR Research provide qualitative solutions that break the barriers of doubt or uncertainties when the stakeholders plan to expand their growth reach. The researchers compile the necessary information that enlightens the CXOs about the current growth opportunities in a specific market and enables them to make the most of the opportunities.

TMR Research is a leader in developing well-researched reports. The expertise of the researchers at TMR Research makes the report stand out from others. TMR Research reports help the stakeholders and CXOs make impactful decisions through a unique blend of innovation and analytical thinking. The use of innovation and analytical thinking while structuring a report assures complete and ideal information of the current status of the market to the stakeholders.

TMR Research has rich experience in developing state-of-the-art reports for a wide array of markets and sectors. The brilliance of the experts at TMR Research and their alacrity to conduct thorough research and create phenomenal reports makes TMR Research better than others.

5-Point Growth Formula

The 5-point growth formula developed by TMR Research provides an insight to the stakeholders and CXOs about the current situation in the market. The growth formula makes the report a perfect companion for the stakeholders and CXOs.

The 5-point growth formula includes the following points:

  • Current and Future Threats
  • Accurate Trend Analysis
  • Regional Assessment
  • Industrial Analogy
  • COVID-19 Impact

Current and Future Threats

Along with studying the opportunities necessary for growth, threats are also an important aspect to look upon for the companies and stakeholders in a specific sector. TMR Research studies every negative aspect that will hinder the growth of a specific area of business and includes it in the report. The stakeholders and CXOs will have the benefit of assessing the threat and take the necessary steps to prevent the hindrance caused due to the threats.

Accurate Trend Analysis

Keeping up with the latest trends is crucial in any business or sector. While stakeholders are aware of the trends that are on the surface, TMR Researchers find trends that are deeply entrenched in the particular market or sector. The reports are constantly updated with the latest trends so that the stakeholders and CXOs can derive benefits from the trends and generate good revenues.

Regional Assessment

Demography forms an important part of the growth pattern of all the markets. Diving deep into the demographics enables maximum output from specific areas. The TMR Research team assesses every region and picks out the vital points that have a large impact on the growth of a market.

Industrial Analogy

The analysts at TMR Research conduct an all-round analysis on the competitive landscape of the market. The observations recorded by the analysts are added to the reports so that every stakeholder gets a glimpse of the competitive scenario and frame their business plans according to the situation.

COVID-19 Impact

The COVID-19 outbreak has changed the growth projections of numerous sectors and businesses. The analysts at TMR Research have conducted a conscientious survey on the markets after the pandemic struck. The analysts have put forth their brilliant and well-researched opinions in the report. The opinions will help the stakeholders to plan their strategy accordingly.

The reports offer answers to the top 7 questions that revolve around the growth of the market

  • What are the diverse growth parameters influencing the market?
  • Which regions will contribute largely to the growth of the market
  • What are the recent innovations and technological advancements in the market?
  • What are the emerging trends across the market?
  • How has COVID-19 affected the market?
  • What will be the post-pandemic scenario of the market?
  • What are the major threats that will dent the growth prospects of the market?