Dry Eye Drugs Market Scope
The dry eye drug market is expected to grow in the future due to the increased number of cases of dry eye disease resulting in the increased demand for its treatment. Additionally, factors such as aging, direct contact with dry wind or smoke and lack of vitamin A, etc increase the occurrence of dry eye more likely which is boosting the demand for dry eye drugs. Further, market players are focusing on clinical trials for new drugs. For example, the FDA has accepted a new drug application for Kala Pharmaceuticals’ KPI-121 0.25% for the temporary relief of dry eye signs and symptoms.
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Allergan plc (Ireland), Novartis International AG (Switzerland), Bausch Health Companies Inc. (Canada), Santen Pharmaceutical Co., Ltd. (Japan), Shire Plc (United States), Johnson & Johnson (United States), United Laboratories, Inc. (United States), Sun Pharmaceutical Industries Ltd. (India) and Senju Pharmaceutical Co. Ltd. (Japan) |
CAGR | % |
The key manufacturers are targeting the innovations of the products with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions to maintain their presence in the market Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Dry Eye Drugs market throughout the predicted period.
Allergan plc (Ireland), Novartis International AG (Switzerland), Bausch Health Companies Inc. (Canada), Santen Pharmaceutical Co., Ltd. (Japan), Shire Plc (United States), Johnson & Johnson (United States), United Laboratories, Inc. (United States), Sun Pharmaceutical Industries Ltd. (India) and Senju Pharmaceutical Co. Ltd. (Japan) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Chongqing Jianfeng Industrial Group Co., Ltd (China) and Kala Pharmaceuticals (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Dry Eye Drugs market by Type , by Application (Hospital Pharmacies, Drug Stores and Online Pharmacies) and Region with country level break-up.
On the basis of geography, the market of Dry Eye Drugs 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).
region held largest market share in the year 2022.
Market Leaders and their expansionary development strategies
In October 2023, Novartis launched Iluvien (fluocinolone acetonide implant) for the treatment of moderate to severe dry eye disease. Iluvien is a small, sustained-release implant that is placed in the eye to provide long-term relief from dry eye symptoms.
In September 2023, Alcon and AbbVie announced a collaboration to develop and commercialize AbbVie's late-stage dry eye drug lifitegrast (Xiidra). This partnership brings together Alcon's leading position in eye care with AbbVie's expertise in developing and commercializing innovative pharmaceuticals.
The FDA has accepted a new drug application for Kala Pharmaceuticals’ KPI-121 0.25% for the temporary relief of dry eye signs and symptoms, the company announced in a press release.
Influencing Trend:
Increasing Research and Development Activities from both Public and Private Research Organizations for New Drugs
Market Growth Drivers:
Increase in the Prevalence of Dry Eye Syndrome, A Rising Awareness of Eye Care and Increase in Awareness among the Population about Dry Eye Disease
Challenges:
the Long Approval Process that For Approvement in any Drug
Restraints:
Straight Government Regulation associated with Drug Production
Opportunities:
Potential Growth From Emerging Countries and Increasing Number of Pipelines Studies and Drug Development
Key Target Audience
Dry Eye Drugs Manufacturers, Dry Eye Drugs Distributors/Traders/Wholesalers, Dry Eye Drugs Subcomponent Manufacturers, Industry Association, Healthcare Industry, Potential Investors, Research and Development Firm and Downstream Vendors