Artificial Tears Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025
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.
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.
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.
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.
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.
This study provides a particularized anatomy according to the L.E.A.P mechanism
The regional analysis offers market assays across:
The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.
Latest Trends and Cardinal Growth Prospects
The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.
Existing and Future Insights in Growth
The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.
Ascensions in Technology
Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.
The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.
The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.
An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.
The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!
This report is the key to questions such as:
What are the prominent factors that will help in reshaping the market growth?
Which trends have the potential to bring expansive growth for the market?
What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?
Which regions will emerge as champion growth contributors for the market?
Which aspects will serve as game-changers for the market?
What are the latest innovations in the market?
Which factors will hinder the growth of the market?
Flat 10% discount on Single User License if you prebook this report
Flat 10% discount on Multiple User License if you prebook this report
Flat 10% discount on Corporate License if you prebook this report