Artificial Tear Trends and Forecast
The future of the global artificial tear market looks promising with opportunities in the eye drop and ointment markets. The global artificial tear market is expected to reach an estimated $4.3 billion by 2030 with a CAGR of 5.8% from 2024 to 2030. The major drivers for this market are rising prevalence of dry eye incidence, increasing awareness towards ocular diseases, and growing older population.A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Artificial Tear by Segment
The study includes a forecast for the global artificial tear by type, delivery mode, application, and region.Artificial Tear Market by Type [Shipment Analysis by Value from 2018 to 2030]:
- Cellulose Derived Tears
- Glycerin Derived Tears
- Oil-Based Emulsion Tears
- Polythylene Glycol Based Tears
- Propylene Glycol Based Tears
- Sodium Hyaluronate Based Artificial Tears
Artificial Tear Market by Delivery Mode [Shipment Analysis by Value from 2018 to 2030]:
- Eye Drops
- Ointments
Artificial Tear Market by Application [Shipment Analysis by Value from 2018 to 2030]:
- Dry Eyes Treatment
- Contact Lenses Moisture
Artificial Tear Market by Region [Shipment Analysis by Value from 2018 to 2030]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
List of Artificial Tear Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies artificial tear companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the artificial tear companies profiled in this report include-- Johnson and Johnson Vision Care
- Allergan
- Alcon
- Bausch & Lomb Incorporated
- Santen
- URSAPHARM Arzneimittel
- ROHTO Pharmaceutical
Artificial Tear Market Insights
The publisher forecasts that glycerin derived tear will remain the largest segment over the forecast period as it is easily available and is capable of keeping eyes moist for long time.Within this market, eye drop will remain the larger segment as it is available in wide range of products and easy to use.
North America will remain the largest region over the forecast period due to rising prevalence of opthalmic disorders and increasing adoption of treatment therapies in the region.
Features of the Global Artificial Tear Market
- Market Size Estimates: Artificial tear market size estimation in terms of value ($B).
- Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
- Segmentation Analysis: Artificial tear market size by type, delivery mode, application, and region in terms of value ($B).
- Regional Analysis: Artificial tear market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
- Growth Opportunities: Analysis of growth opportunities in different types, delivery modes, applications, and regions for the artificial tear market.
- Strategic Analysis: This includes M&A, new product development, and competitive landscape of the artificial tear market.
- Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the artificial tear market size?Answer: The global artificial tear market is expected to reach an estimated $4.3 billion by 2030.
Q2. What is the growth forecast for artificial tear market?
Answer: The global artificial tear market is expected to grow with a CAGR of 5.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the artificial tear market?
Answer: The major drivers for this market are rising prevalence of dry eye incidence, increasing awareness towards ocular diseases, and growing older population.
Q4. What are the major segments for artificial tear market?
Answer: The future of the artificial tear market looks promising with opportunities in the eye drop and ointment markets.
Q5. Who are the key artificial tear market companies?
Answer: Some of the key artificial tear companies are as follows:
- Johnson and Johnson Vision Care
- Allergan
- Alcon
- Bausch & Lomb Incorporated
- Santen
- URSAPHARM Arzneimittel
- ROHTO Pharmaceutical
Answer: The publisher forecasts that glycerin derived tear will remain the largest segment over the forecast period as it is easily available and is capable of keeping eyes moist for long time.
Q7. In artificial tear market, which region is expected to be the largest in next 5 years?
Answer: North America will remain the largest region over the forecast period due to rising prevalence of opthalmic disorders and increasing adoption of treatment therapies in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, the publisher provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the artificial tear market by type (cellulose derived tears, glycerin derived tears, oil-based emulsion tears, polythylene glycol based tears, propylene glycol based tears, and sodium hyaluronate based artificial tears), delivery mode (eye drops and ointments), application (dry eyes treatment and contact lenses moisture), and region (North America, Europe, Asia Pacific, and the Rest of the World)?Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
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Table of Contents
1. Executive Summary
2. Global Artificial Tear Market : Market Dynamics
3. Market Trends and Forecast Analysis from 2018 to 2030
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
5. Competitor Analysis
6. Growth Opportunities and Strategic Analysis
7. Company Profiles of Leading Players
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Johnson and Johnson Vision Care
- Allergan
- Alcon
- Bausch & Lomb Incorporated
- Santen
- URSAPHARM Arzneimittel
- ROHTO Pharmaceutical
Methodology
The analyst has been in the business of market research and management consulting since 2000 and has published over 600 market intelligence reports in various markets/applications and served over 1,000 clients worldwide. Each study is a culmination of four months of full-time effort performed by the analyst team. The analysts used the following sources for the creation and completion of this valuable report:
- In-depth interviews of the major players in the market
- Detailed secondary research from competitors’ financial statements and published data
- Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
- A compilation of the experiences, judgments, and insights of professionals, who have analyzed and tracked the market over the years.
Extensive research and interviews are conducted in the supply chain of the market to estimate market share, market size, trends, drivers, challenges and forecasts.
Thus, the analyst compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. The analyst then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process.
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