Dry Eye Syndrome Market Size, Share, Growth and Global Industry Analysis By Type & Application, Regional Insights and Forecast to 2024-2032
Growth Factors of Dry Eye Syndrome Market
The global dry eye syndrome market size was valued at USD 7.02 billion in 2023 and is projected to grow from USD 7.49 billion in 2024 to USD 13.00 billion by 2032, exhibiting a CAGR of 7.1% during the forecast periodfrom 2024 to 2032.
The COVID-19 pandemic firstly reduced the dry eye circumstance market because of regulations on non-vital treatments. However, marketplace gamers developed through growing new sales channels in personal hospitals and retail stores, ensuing in regular sales increase till 2021. This resilience predicts that boom will continue for the duration of the projection period, notwithstanding pandemic-related troubles.
The worldwide dry eye syndrome marketplace is expected to boom as the circumstance becomes extra everyday around the world. Increasing screen time, poor diets, improved touch lens use, and an boom in LASIK operations all contribute to its occurrence amongst various age corporations. This development will increase demand for therapies, propelling marketplace growth to fulfill the increasing demands of impacted humans.
A outstanding trend inside the dry eye syndrome market is the upward push in Mask-Associated Dry Eye (MADE). Prolonged mask use throughout the COVID-19 pandemic has brought about more instances of dry eyes, highlighting the want for revolutionary answers to cope with this issue.
Comprehensive Analysis of Dry Eye Syndrome Market
Segmentation in the Dry Eye Syndrome market share is runs the market beacuse it allows the companies to target precise customers with tailored offerings and solutions.The global dry eye syndrome market is segmented by product into anti-inflammatory products (including Cyclosporin, Corticosteroids, and others), artificial tears and lubricants, and others. Distribution channels encompass hospital pharmacies, retail pharmacies, online pharmacies, and others.
North America leads the dry eye syndrome market because of its high occurrence within the location. In the U.S. Alone, an expected 35 million humans be afflicted by the ailment. This increasing prevalence drives demand for therapeutic measures, making North America the dominant market for dry eye syndrome remedies.
Key players inside the dry eye syndrome marketplace significantly impact industry dynamics and market traits through their strong market presence and strategic tasks.Key players in the dry eye syndrome market include Alcon (Switzerland), Novartis AG (Switzerland), Santen Pharmaceutical Co., Ltd. (Japan), OASIS Medical (U.S.), Sun Pharmaceutical Industries Ltd. (India), Otsuka Pharmaceutical Co., Ltd. (Otsuka Holdings, Co., Ltd) (Japan), Sentiss Pharma Pvt. Ltd. (India), Johnson & Johnson Vision Care, Inc. (Johnson & Johnson Services, Inc.) (U.S.), VISUfarma (Netherlands), and AbbVie Inc. (Ireland).
In December 2023, Sylentis revealed the findings from the FYDES clinical trial, assessing the protection of tivanisiran eye drops for treating adults with dry eye syndrome. This development signifies development in studying ability remedies, bringing hope for stepped forward management of this not unusual eye situation inside the destiny.
Segementation Table
Global Dry Eye Syndrome Market Scope
Study Period 2019-2032
Base Year 2023
Estimated Year 2024
Forecast Period 2024-2032
Historical Period 2019-2022
Growth Rate CAGR of 7.1% from 2024 to 2032
Unit Value (USD billion)
Segmentation By Product
Anti-inflammatory Products
- Cyclosporine
- Corticosteroids
- Others
Artificial Tears and Lubricants
Others
By Distribution Channel
Hospital Pharmacies
Retail Pharmacies
Online Pharmacies
Others
By Region
North America (By Product, By Distribution Channel, By Country)
- U.S.
- Canada
Europe (By Product, By Distribution Channel, By Country/Sub-Region)
- U.K.
- Germany
- France
- Italy
- Spain
- Scandinavia
- Rest of Europe
Asia Pacific (By Product, By Distribution Channel, By Country/Sub-Region)
- Japan
- China
- India
- Australia
- Southeast Asia
- Rest of Asia Pacific
Latin America (By Product, By Distribution Channel, By Country/Sub-Region)
- Brazil
- Mexico
- Rest of Latin America
Middle East & Africa (By Product, By Distribution Channel, By Country/Sub-Region)
- GCC
- South Africa
- Rest of Middle East & Africa
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