About Eyedrops
Eye drops are used to treat a wide variety of conditions including glaucoma, eye infections, allergies, and dry eyes. In some cases, applying eye drops is essential to preserve the vision & protect the eyes. The four leading eye diseases - Cataracts, macular degeneration among others affecting Americans are related to age and/or lifestyle. Growth in the aging population is driving the eye care market.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
The eye drop market is expected to grow steadily in the coming years, driven by factors like aging populations, increasing screen time, and rising awareness of eye health. With ongoing innovation and evolving consumer preferences, the competition is sure to heat up, leading to even more advanced and effective eye drop solutions for a wider range of needs. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to North America Eyedrops market throughout the forecasted period. Established and emerging Players should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
J Pharmaceuticals LLC (United States), KC Pharmaceuticals (United States), Visine (Johnson & Johnson) (United States), Prestige Consumer (United States), Bausch + Lomb (United States), Altaire Pharmaceuticals Inc. (United States) and Akorn (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of North America Eyedrops market by Type (Artificial tears, Allergy drops and Anti-redness drops), Application (Glaucoma, Eye Infections, Allergies, Dry Eyes and Others) and Region.
On the basis of geography, the market of Eyedrops 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). If we see Market by Nature, the sub-segment i.e. Natural will boost the Eyedrops market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Distribution Channel, the sub-segment i.e. Hospitals will boost the Eyedrops market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Pack Size, the sub-segment i.e. 5 ml will boost the Eyedrops market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Natural & Organic Ingredients
Market Growth Drivers:
Growth in Aging Population and Growing Coverage for Vision Care
Challenges:
Availability of Substitutions
Restraints:
Government Regulations & Healthcare Reforms
Opportunities:
Increasing Prevalence of Chronic Diseases and Government Healthcare Initiatives Providing Reimbursements
Market Leaders and their expansionary development strategies
In October 2023, Johnson & Johnson Vision Partners with American Academy of Ophthalmology (AAO). This partnership aims to improve access to eye care, particularly for underserved communities, and to provide educational resources for both patients and healthcare professionals.
In August 2023, Similasan Simi Total Comfort Eye Drops These plant-based drops, featuring eyebright and Euphrasia extracts, offer a natural option for soothing dry, itchy, and red eyes. Their launch caters to the rising demand for natural eye care solutions.
Key Target Audience
Eyedrops Manufacturers, Eyedrops Traders/Distributors, Eyedrops Importer/Exporter, Industry Associations, Research Institutes, Downstream Vendors, End Users and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.