Asia Pacific Dry Eye Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Artificial Tears, Antibiotic Drops, Hormone Drops, and Others) and Type (OTC Drugs and Prescription Drugs)
The dry eye products market in APAC is expected to grow from US$ 1,298.49 million in 2021 to US$ 1,900.66 million by 2028; it is estimated to grow at a CAGR of 5.4% from 2021 to 2028.
Emerging technologies are based on stem cell therapy that can help in treating a dry eye condition. The aim is to prevent disease development, regeneration, and maintaining corneal transparency. However, most of the recent advances do not respond to conventional methods. Therefore, researchers prefer autologous or allogeneic serum drops, platelet-derived plasma products, and umbilical cord blood serum to study them as a treatment method. Additionally, the researchers are focusing on using cytokines and different cell sources, such as mesenchymal stem cells, preferably to cure dry eye conditions.
During the studies, it was found that mesenchymal cells assist in improving tear volume, tear-film stability, epithelial recovery, and the number of goblet cells. The cells help in decreasing the number of meibomian gland injuries in the conjunctiva, which is expected to be the most promising advancement for the dry eye condition treatment. The other stem cell therapy-based treatment is done by using lubricin. Lubricin is a protein present in the tear film that allows lubrication between eye surface and eyelid. The researchers are aiming to introduce proper treatment that can cure dry eye conditions completely. Thus, advancements in the healthcare industry that have allowed the integration of biotechnology and pharmaceutical are likely to propel the dry eye products market growth during the forecast period.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the APAC dry eye products market is expected to grow at a good CAGR during the forecast period.
APAC Dry Eye Products Market Revenue and Forecast to 2028 (US$ Million)
APAC Dry Eye Products Market Segmentation
APAC dry eye products market is segmented into product, type, and country. Based on product the dry eye products market is segmented into artificial tears, antibiotic drops, hormone drops, and others. The artificial tears segment held the largest share of the market in 2021. Based on type the dry eye products market is segmented into prescription drugs and OTC drugs. OTC drugs segment held the largest share of the market in 2021. Based on country, the APAC dry eye products market is segmented into Australia, China, India, Japan, South Korea, and rest of APAC. Japan held the largest market share in 2021. Abb Vie Inc.; Bausch Health Companies Inc; Johnson and Johnson Services, Inc; Novartis AG; OASIS Medical; OCu SOFT Inc; Prestige Consumer Healthcare Inc.; ROHTO Pharmaceutical Co., Ltd; Santen Pharmaceutical Co., Ltd; and URSAPHARM Arzneimittel Gmb H are among the leading companies in the APAC dry eye products market.
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC dry eye products market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the APAC dry eye products market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the dry eye products market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
Download eBook