What is Artificial Tears Market?
Artificial tears is refer as the lubricant eye drops which is used for treatment of the dryness and irritation associated with the deficient tear production in keratoconjunctivitis sicca which is commonly called as dry eyes. They are also popularly used for moisten the contact lenses and also in testing the eye. Artificial tears also help in maintaining the moisture on the outer surface of the eye. This kind of eye drop is also used to treat eyes that results from ageing, a medical condition, certain medications, eye surgery or environmental factors, like smoky or windy conditions. Artificial tears can be available in the market without any prescription. some of the artificial tears contain electrolytes. These kind of additives may promote healing of the eye surface. Artificial tears may also contain thickening agents, which keeps the solution on the eye surface for longer period
Highlights from Artificial Tears Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Allergan (Republic of Ireland), Alcon (Novartis) (United States), Bausch & Lomb (United States), Abbott (United States), Santen Pharmaceutical (Japan), Ursapharm (Germany), Rohto (Japan), Similasan Corporation (United States), Johnson & Johnson (United States) and Ocusoft (United States) |
The Artificial Tears market is a fragmented market due to the presence of a large number of established competitors. The market is highly competitive with a few players occupying the major share. The key players are highly focused on developing and innovating new strategies to maintain their market position and customer base. The companies are also planning strategic activities like partnerships, collaboration, mergers, and acquisitions which will help them to sustain in the market and maintain their competitive edge. Research Analyst at AMA predicts that United States and Chinese Players will contribute to the maximum growth of Global Artificial Tears market throughout the forecasted period.
Allergan (Republic of Ireland), Alcon (Novartis) (United States), Bausch & Lomb (United States), Abbott (United States), Santen Pharmaceutical (Japan), Ursapharm (Germany), Rohto (Japan), Similasan Corporation (United States), Johnson & Johnson (United States) and Ocusoft (United States) are some of the key players profiled in the study. Additionally, the Players which are also part of the research are Nicox (France), Wuhan Yuanda (China) and Jiangxi Zhenshiming (China). Artificial Tears Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Dry Eyes Treatment, Contact Lenses Moisten and Others |
Type | Artificial Tear Liquid and Artificial Tear Ointment |
End User | Hospital,Clinic,Other |
On the basis of geography, the market of Artificial Tears has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising in the phacoemulsification surgeries
Market Growth Drivers:
Growing incidences of dry eye syndrome and Prolonged emission to the blue light causing eye damage
Challenges:
Newly effective treatment for DES
Restraints:
Side effect such as red eyes irritation, eye pain, vision changes and other allergic reactions and High cost associated with the product costing
Opportunities:
Untapped Emerging Markets
Key Target Audience
Artificial tears producers, Artificial tears suppliers, Artificial tears retailers and wholesalers, Pharmaceuticals, Research firms and Healthcare industry
Market Leaders & Development Strategies
Alcon, the global leader in eye care and a division of Novartis, announced that it has acquired Tear Film Innovations, Inc. (“Tear Film”), a privately-held company and manufacturer of the iLux Device, an innovative therapeutic device used to treat Meibomian Gland Dysfunction, a leading cause of dry eye
Alcon, the global leader in eye care and a division of Novartis, recently launched a new website, AlconScience.com, for US- and Canada-based Eye Care Professionals (ECPs) and academic institutions. The new Medical Affairs website consolidates information about Alcon’s scientific, academic, and related activities into one portal