Dry Eye Syndrome Market Growth Factors, Company Profile Analysis, Research Methodology and Forecast to 2030
Dry Eye Syndrome Market Overview
The dry eye syndrome is a
condition of the eye in which tear production reduces drastically and symptoms
such as irritation, light sensitivity, and others manifest. However, the
healthcare sector is making notable progress in their bid to invent cure for
the disease. This drive from the healthcare sector is bound to take the dry eye
syndrome market to the next level. The global dry eye syndrome market is
anticipating a CAGR of 5.31% during the forecasted period (2022-2030), as
revealed by Market Research Future (MRFR) in their latest article on the
market.
The global Dry Eye Syndrome Market is expecting traction from disease
like diabetes which spur the malfunctioning in the eye. At the same time, FDA’s
clearance of new drugs and companies taking initiative to take the market
forward through innovation can be a boon for the market in the coming years.
The market can ride on some additional benefits such as increasing per capita
income and growing awareness to make the market more lucrative.
Segmentation
The global dry eye
syndrome market is segmented by type, diagnosis, treatment, end-user, and
distribution channel.
By type, the market is
segmented into aqueous dry eye syndrome, evaporative dry eye syndrome, and
others.
By diagnosis, the market
is categorized into Schirmer test, eye exam, and others.
By treatment, it is
segmented into surgery, nutritional supplements, anti-inflammatory drugs
segments, serum eye drops, lubricant eye drops, and others. Lubricant eye drops
segment is sub-segmented into preservative-free drops, oily tear eye drops,
ointments, and others. Tetracyclines, corticosteroids, and others are
sub-segments within the anti-inflammatory drugs segments segment. The surgery
segment is further divided into intense pulsed light therapy, punctal occlusion, and others.
By distribution channel,
the market is segmented into retail pharmacies, hospital pharmacies, online
pharmacies, and others.
By end-users, the market
is segmented into home care, hospitals, clinics, and others.
Regional
Analysis
Asia Pacific (APAC), North
America, Europe, and the Middle East & Africa (MEA) are regions taken into
consideration in the compilation of the global dry eye syndrome market report.
The Americas are expected
to dominate the global market due to a well-developed healthcare sector and a
large patient pool. The large healthcare expenditure and presence of major
pharmaceutical companies such as Acadia Pharmaceutical, Auven Therapaeutics,
Johnson & Johnson, and others are factors primed to bolster the market
demand in the region.
Europe is the
second-largest region due to the large geriatric populace, huge patient pool,
funds for research and development, and well-defined healthcare framework.
According to Pratiques en Ophtalmologie, the probability of dry eye increases
in patients between the range of 40 to 65.
The APAC region is touted
to exhibit a stellar growth rate due to the huge patient pool in economies of
Australia, India, China, and others. On the other hand, the MEA region has the
lowest market share but can enjoy a significant growth rate during the forecast
period. The large healthcare expenditure of economies of Saudi Arabia, Kuwait,
Dubai, and others as well as the well-developed healthcare sector
Competitive
Analysis
Major industry
participants in the global dry eye syndrome market Players include Allergan, Otsuka
Pharmaceutical Co. Ltd., Novartis AG, Acadia Pharmaceutical, I-Med Pharma Inc.,
Allostera Pharma, AFT pharmaceuticals, Johnson & Johnson Vision, Valeant
Pharmaceuticals, Santen Pharmaceuticals Co. Ltd., Auven therapeutics, Novaliq
GmBh, and others.
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