Industry Background:
Dry eye syndrome (DES) is also called as keratisis sicca and keratoconjunctivitis sicca. The symptoms of DES are ocular surface, instability in the tear film, and optical trouble. That can potentially damage to ocular surface. With increasing Prevalence of the eye diseases and lack of treatment availability, the market will show enormous opportunities.
Attributes | Details |
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Study Period | 2019-2029 |
Base Year | 2023 |
High Growth Market | Asia Pacific |
Unit | Value (USD Million) |
Key Companies Profiled | Santen Pharmaceutical Co., Ltd. (Japan), Novartis AG (Switzerland), Johnson & Johnson (United States), Valeant Pharmaceuticals International, Inc. (Canada), Allergan plc (Ireland), Otsuka Pharmaceutical Co., Ltd. (Japan), Mitotech S.A. (Luxembourg), FCI S.A.S. (France), Shire plc (United States), Sun Pharmaceutical Industries Ltd. (India), Senju Pharmaceutical Co., Ltd. (United States) and TRB Chemedica International SA (Switzerland) |
According to AMA, the market for Dry Eye Disease is expected to register a CAGR of 4.35% during the forecast period to 2029. This growth is primarily driven by Rising Customer Awareness about Dry Eye Diseases, Increasing Healthcare expenditure and Up surging Demand of Contact Lenses.
Globally, a noticeable market trend is evident Advance Technology Innovation for Treatment
The Diseases & Therapeutic Areas sector in the North America region has been increasing at a sustainable rate, and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as Santen Pharmaceutical Co., Ltd. (Japan), Novartis AG (Switzerland), Johnson & Johnson (United States), Valeant Pharmaceuticals International, Inc. (Canada), Allergan plc (Ireland), Otsuka Pharmaceutical Co., Ltd. (Japan), Mitotech S.A. (Luxembourg), FCI S.A.S. (France), Shire plc (United States), Sun Pharmaceutical Industries Ltd. (India), Senju Pharmaceutical Co., Ltd. (United States) and TRB Chemedica International SA (Switzerland), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years. The dry eye disease market is fragmented in nature due to the presence of many companies operating globally as well as regionally.
Key Developments in the Market:
In July 2023 During the first earnings call Brent Saunders led since his return at Bausch + Lomb, the CEO laid out what he believes is the company’s biggest issue: underutilization of existing infrastructure.
In April 2023 : Sun Pharmaceutical Industries on Tuesday said it has launched a medication to treat dry eye diseases in country.
Influencing Trend:
Advance Technology Innovation for Treatment and Increasing Demand of Treatment Option Such as Lubricant Eye drops, Punctual Bags and Artificial Tears
Market Growth Drivers:
Rising Customer Awareness about Dry Eye Diseases, Increasing Healthcare expenditure and Up surging Demand of Contact Lenses
Challenges:
Increase the humidity in the air at work and at home.
Restraints:
High Price of Drugs and Lack of Skilled Ophthalmologists
Opportunities:
Need to Reduce Cost of Drug and Existence of Untapped Market in the Developing Nations
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints in Dry Eye Disease Market
- Analysis about New Entrants in Dry Eye Disease Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
- An Unbiased Perspective towards Market Performance & Indicators
Against this Challenging Backdrop, Dry Eye Disease Study Sheds Light on
The Dry Eye Disease Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Dry Eye Disease industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Dry Eye Disease industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.