Europe 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 Europe is expected to grow from US$ 1,993.06 million in 2021 to US$ 2,781.56 million by 2028; it is estimated to grow at a CAGR of 5.1% from 2021 to 2028.
The incidence of dry eye is commonly seen in older people of age 65 and above. The geriatric population is increasing rapidly across the world. Older people are significantly contributing to the development of the medical sector as the sector is offering various innovative techniques to treat older people. Many healthcare companies design their products by focusing on geriatric population. As the degeneration process among older people is faster, they are highly prevalent to dry eye conditions. Therefore, the high prevalence of dry eye among older population is likely to promote manufacturers to introduce new dry eye products in the market, which, in turn, contributes to the growth of the dry eye products market.
The development in the healthcare industry has enabled to offer various hi-tech healthcare facilities that offer increased life expectancy. Countries across Europe are adopting new techniques to treat older people safely and effectively. Therefore, the increased quality of life is decreasing the death rates, and the older population is growing significantly across the region. The growing geriatric population across the world is expected to propel the demand for dry eye products, such as artificial tears. These are available over the counter (OTC) and can be used as a supplement to natural tears.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the Europe dry eye products market is expected to grow at a good CAGR during the forecast period.
Europe Dry Eye Products Market Revenue and Forecast to 2028 (US$ Million)
Europe Dry Eye Products Market Segmentation
Europe Dry Eye Products Market – by Product
Artificial Tears Antibiotic Drops Hormone Drops Others Europe Dry Eye Products Market – by Type
OTC Drugs Prescription Drugs Europe Dry Eye Products Market – by Country
France Germany Italy Spain UKRest of Europe Europe Dry Eye Products Market - Companies Mentioned
Abb Vie Inc.Bausch Health Companies Inc Johnson and Johnson Services, Inc Novartis AGOASIS Medical OCu SOFT Inc Prestige Consumer Healthcare Inc.ROHTO Pharmaceutical Co., Ltd Santen Pharmaceutical Co., Ltd URSAPHARM Arzneimittel Gmb H
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