Middle East and Africa 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 the MEA is expected to grow from US$ 212.83 million in 2021 to US$ 262.65 million by 2028; it is estimated to grow at a CAGR of 2.9% from 2021 to 2028.
Dry eye condition is expected to be observed in the majority of the population across the region in the coming years. Many research studies have proven dry eye as a lifestyle disease. Improvements or changes in daily habits such as sleep, diet, and exercise are included in the treatment of dry eyes. Additionally, the stressful life of people across the MEA is likely to increase the incidence of dry eyes, which are expected to propel the demand for dry eye products in the coming years.
The advancement in technology has resulted in increased product development. Various companies are entering the market, which is contributing greatly to drive the dry eye products market growth. Various companies have designed innovative formulae to offer better eye drops for dry eye conditions. The cycle of product development is continuous and is likely to act as a vital growth factor during the forecast period. In 2019, Aldeyra Therapeutics enrolled for the RENEW phase three clinical trial for its reproxalap ophthalmic solution (0.25%) to treat moderate to severe dry eye conditions. Similarly, Novaliq has two products in pipelines, such as NOVO3 (100% perfluorohexyloctane) and Cycl ASol (ophthalmic solution of 0.1% cyclosporine A in Eye Sol).
Some companies are focusing on innovating other forms of products that can treat dry eye conditions. In October 2018, Oyster Point Pharma announced that its nasal spray to treat DED is in a phase three clinical trial. The product is developed from the compound OC–01, which is highly selective nicotinic acetylcholine receptor (n ACh R) agonist, which targets the parasympathetic nervous system and controls tear film homeostasis partially through the trigeminal nerve. The company is expected to submit a new drug application (NDA) in 2020. Thus, such innovations are expected to contribute significantly to the dry eye market growth in the coming years.
With new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the dry eye products market is expected to grow at a good CAGR during the forecast period.
MEA Dry Eye Products Market Revenue and Forecast to 2028 (US$ Million)
MEA Dry Eye Products Market Segmentation
MEA 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 MEA dry eye products market is segmented into Saudi Arabia, South Africa, UAE, and rest of MEA. Saudi Arabia 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 MEA dry eye products market.
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Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA dry eye products market
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The key findings and recommendations highlight crucial progressive industry trends in the MEA 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 MEA market trends and outlook coupled with the factors driving the dry eye products market, as well as those hindering it
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- 1. Introduction
- 1.1 Scope of the Study
- 1.2 The Insight Partners Research Report Guidance
- 1.3 Market Segmentation
- 1.3.1 MEA Dry Eye Products Market – By Product
- 1.3.2 MEA Dry Eye Products Market – By Type
- 1.3.3 MEA Dry Eye Products Market – By Country
- 2. MEA Dry Eye Products Market – Key Takeaways
- 3. Research Methodology
- 3.1 Coverage
- 3.2 Secondary Research
- 3.3 Primary Research
- 4. MEA Dry Eye Products Market – Market Landscape
- 4.1 Overview
- 4.2 MEA PEST Analysis
- 4.3 Expert Opinion
- 5. MEA Dry Eye Products Market – Key Market Dynamics
- 5.1 Market Driver
- 5.1.1 Rising Incidences of Dry Eye
- 5.1.2 Older Population Significantly Growing
- 5.2 Market Restraints
- 5.2.1 Eye Drops Having Side Effects
- 5.3 Market Opportunities
- 5.3.1 Stem Cell Therapy
- 5.4 Future Trends
- 5.4.1 Ongoing Research and Growing Pipeline for Dry Eye Products
- 5.5 Impact Analysis of Drivers and Restraints
- 6. Dry Eye Products Market – MEA Analysis
- 6.1 MEA Dry Eye Products Market Revenue Forecast and Analysis
- 7. MEA Dry Eye Products Market Analysis – By Product
- 7.1 Overview
- 7.2 MEA Dry Eye Products Market Revenue Share, by Product (2021 and 2028)
- 7.3 Artificial Tears
- 7.3.1 Overview
- 7.3.2 Artificial Tears: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 7.4 Antibiotics Drops
- 7.4.1 Overview
- 7.4.2 Antibiotic Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 7.5 Hormone Drops
- 7.5.1 Overview
- 7.5.2 Hormone Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 7.6 Others
- 7.6.1 Overview
- 7.6.2 Others: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 8. MEA Dry Eye Products Market – By Type
- 8.1 Overview
- 8.2 MEA Dry Eye Products Market, by Type, 2021 and 2028 (%)
- 8.3 OTC Drugs
- 8.3.1 Overview
- 8.3.2 OTC Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 8.4 Prescription Drugs
- 8.4.1 Overview
- 8.4.2 Prescription Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9. MEA Dry Eye Products Market – Country Analysis
- 9.1 Overview
- 9.1.1 Middle East & Africa: Dry Eye Products Market, by Country, 2021 & 2028 (%)
- 9.1.1.1 Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.1 Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.2 Saudi Arabia Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.1.3 Saudi Arabia Dry Eye Products Market, Type – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2 UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.1 UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.2 UAE Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.2.3 UAE Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3 South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.1 South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.2 South Africa Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.3.3 South Africa Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4 Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.1 Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.2 Rest of MEA Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- 9.1.1.4.3 Rest of MEA Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- 10. Dry Eye Products Market – Industry Landscape
- 10.1 Overview
- 10.2 Growth Strategies Done by the Companies in the Market, (%)
- 10.3 Organic Developments
- 10.3.1 Overview
- 10.4 Inorganic Developments
- 10.4.1 Overview
- 11. Company Profiles
- 11.1 Novartis AG
- 11.1.1 Key Facts
- 11.1.2 Business Description
- 11.1.3 Products and Services
- 11.1.4 Financial Overview
- 11.1.5 SWOT Analysis
- 11.1.6 Key Developments
- 11.2 Santen Pharmaceutical Co., Ltd.
- 11.2.1 Key Facts
- 11.2.2 Business Description
- 11.2.3 Products and Services
- 11.2.4 Financial Overview
- 11.2.5 SWOT Analysis
- 11.2.6 Key Developments
- 11.3 Johnson and Johnson Services, Inc.
- 11.3.1 Key Facts
- 11.3.2 Business Description
- 11.3.3 Products and Services
- 11.3.4 Financial Overview
- 11.3.5 SWOT Analysis
- 11.3.6 Key Developments
- 11.4 OASIS Medical
- 11.4.1 Key Facts
- 11.4.2 Business Description
- 11.4.3 Products and Services
- 11.4.4 Financial Overview
- 11.4.5 SWOT Analysis
- 11.4.6 Key Developments
- 11.5 URSAPHARM Arzneimittel GmbH
- 11.5.1 Key Facts
- 11.5.2 Business Description
- 11.5.3 Products and Services
- 11.5.4 Financial Overview
- 11.5.5 SWOT Analysis
- 11.5.6 Key Developments
- 11.6 ROHTO Pharmaceutical Co, Ltd.
- 11.6.1 Key Facts
- 11.6.2 Business Description
- 11.6.3 Products and Services
- 11.6.4 Financial Overview
- 11.6.5 SWOT Analysis
- 11.6.6 Key Developments
- 11.7 OCuSOFT Inc.
- 11.7.1 Key Facts
- 11.7.2 Business Description
- 11.7.3 Products and Services
- 11.7.4 Financial Overview
- 11.7.5 SWOT Analysis
- 11.7.6 Key Developments
- 11.8 Bausch Health Companies Inc.
- 11.8.1 Key Facts
- 11.8.2 Business Description
- 11.8.3 Products and Services
- 11.8.4 Financial Overview
- 11.8.5 SWOT Analysis
- 11.8.6 Key Developments
- 11.9 AbbVie Inc.
- 11.9.1 Key Facts
- 11.9.2 Business Description
- 11.9.3 Products and Services
- 11.9.4 Financial Overview
- 11.9.5 SWOT Analysis
- 11.9.6 Key Developments
- 11.10 Prestige Consumer Healthcare Inc.
- 11.10.1 Key Facts
- 11.10.2 Business Description
- 11.10.3 Products and Services
- 11.10.4 Financial Overview
- 11.10.5 SWOT Analysis
- 11.10.6 Key Developments
- 12. Appendix
- 12.1 Glossary of Terms
- List of Tables
- Table 1. Saudi Arabia Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- Table 2. Saudi Arabia Dry Eye Products Market, Type – Revenue and Forecast to 2028 (US$ Million)
- Table 3. UAE Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- Table 4. UAE Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 5. South Africa Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- Table 6. South Africa Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 7. Rest of MEA Dry Eye Products Market, by Product – Revenue and Forecast to 2028 (US$ Million)
- Table 8. Rest of MEA Dry Eye Products Market, by Type – Revenue and Forecast to 2028 (US$ Million)
- Table 9. Organic Developments Done By Companies
- Table 10. Inorganic Developments Done By Companies
- Table 11. Glossary of Terms, MEA Dry Eye Products Market
- List of Figures
- Figure 1. MEA Dry Eye Products Market Segmentation
- Figure 2. MEA Dry Eye Products Market – By Country
- Figure 3. MEA Dry Eye Products Market Overview
- Figure 4. Artificial Tears Segment Held Largest Share of MEA Dry Eye Products Market in 2021
- Figure 5. MEA Dry Eye Products Market in Saudi Arabia to Show Remarkable Growth During Forecast Period
- Figure 6. MEA PEST Analysis
- Figure 7. Expert Opinion
- Figure 8. MEA Dry Eye Products Market Impact Analysis of Drivers and Restraint
- Figure 9. MEA Dry Eye Products Market – Revenue Forecast And Analysis – 2020- 2028
- Figure 10. MEA Dry Eye Products Market Revenue Share, by Product (2021 and 2028)
- Figure 11. MEA Artificial Tears: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 12. MEA Antibiotic Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 13. MEA Hormone Drops: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 14. MEA Others: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 15. MEA Dry Eye Products Market, by Type, 2021 and 2028 (%)
- Figure 16. MEA OTC Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 17. MEA Prescription Drugs: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 18. Middle East & Africa: Dry Eye Products Market, by Key Country – Revenue (2021) (US$ Million)
- Figure 19. Middle East & Africa: Dry Eye Products Market, by Country, 2021 & 2028 (%)
- Figure 20. Saudi Arabia: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 21. UAE: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 22. South Africa: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 23. Rest of MEA: Dry Eye Products Market – Revenue and Forecast to 2028 (US$ Million)
- Figure 24. Growth Strategies Done by the Companies in the Market, (%)
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