North America 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 North America is expected to grow from US$ 3,084.29 million in 2021 to US$ 4,421.65 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.
The incidence and prevalence of dry eye are rising among population, especially in developed nations. Dry eye is caused by multiple factors, and its symptoms are discomfort, irritation, and visual disturbance. According to a study ‘National Health and Wellness Survey’ conducted in the US in April 2020, ~16.4 million people were diagnosed with dry eye. The data also stated that the prevalence has gone up by 2.7% among the people of age 18–34 years. Additionally, the prevalence was 18.6% among older people. Based on sex, the percentage of prevalence was higher in women; it accounted for 8.8% than men with 4.5%.
The increasing incidence of dry eye is leading to the rise in direct cost of treatment. According to Ocular Surgery News, the annual direct cost for mild dry eye symptom treatment was US$ 678; for moderate dry eye symptom, the cost was US$ 771; and for the severe dry eye symptom, it was US$ 1,267. Thus, the increasing prevalence of dry eye is expected to drive the growth of the North America dry eye products market in the coming years.
With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. Thus, the North America dry eye products market is expected to grow at a good CAGR during the forecast period.
North America Dry Eye Products Market Revenue and Forecast to 2028 (US$ Million)
North America Dry Eye Products Market Segmentation
Reasons to Buy
Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America 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 North America 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 North America 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