About Eye Drops
Eye drops saline ophthalmic preparations applied in very small amounts to the eyeball, it helps to maintain natural moisture of the eyes. It helps maintain natural moisture of the eyes. It contains antihistamines, beta receptor blockers, steroids, parasympatholytics, nonsteroidal anti-inflammatory drugs (NSAIDs), topical anesthetics, and others. Market leaders are focusing on a new product launch. For instance, Allergan pharmaceutical company in Ireland, launch new refresh repair lubricant eye drops designed to repair and protect the eyes from the harmful effects of dry eye and improve the clarity of vision. An increasing number of patients with eye disorders such as dry eye syndrome, and growing online distribution channel for eye drops expected to drive the eye drops market over the forecasted period.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.5% |
The eye drop market is expected to continue growing due to rising demand from ageing populations, increasing awareness of eye health, and technological advancements. Players who can adapt to changing trends, develop innovative solutions, and build strong brand loyalty will be best positioned to succeed in this dynamic competitive landscape. Analyst at AMA Research estimates that United States Players will contribute the maximum growth to Global Eye Drops 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.
Bausch Lomb (United States), Abbott Laboratories (United States), Sager Pharma (Hungary), Alcon, Inc. (United States), Rayner (United Kingdom), Allergan, Inc. (Ireland), Pfizer (United States), Rohto Pharmaceutical Co, Ltd (Japan), Johnson & Johnson Vision Care Inc. (United States), Similasan (United States), Arlak Biotech Pvt. Ltd. (India), Thera Tears (United States), Roche Holding AG (Switzerland) and Novartis International AG (Switzerland) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research coverage are Regeneron Pharmaceuticals, Inc. (United States), Santen Pharmaceutical Co., Ltd. (Japan), Maxnova Healthcare (India), VISUfarma B.V. (Netherlands) and Sentiss Pharma Pvt. Ltd. (India).
Segmentation Overview
AMA Research has segmented the market of Global Eye Drops market by Type (Steroid and Antibiotic Eye Drops, Glaucoma Drops, Anti-Allergic Eye Drops, Mydriatic Eye Drops, Redness-Relieving Drops and Others), Application (Eye Diseases, Glaucoma, Conjunctivitis, Refractive Errors, Eye Care and Others) and Region.
On the basis of geography, the market of Eye Drops 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 Distribution Channel, the sub-segment i.e. Hospital will boost the Eye Drops market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Growing Acceptance of Therapeutics as the First Line of Treatment for Eye Disorder and Increasing Distribution of Eye Drops through Online Pharmacies
Market Growth Drivers:
Increasing Prevalence of Eye-Related Disorders and Growing Geriatric Population
Challenges:
Ingredients in the Eye Drops can Cause Allergies
Restraints:
Eye Irritation and Pupil Widening With Its Repeated Use and Stringent Regulation Associated With Drug Manufacturing
Opportunities:
Rising Number of Patients with Dry Eye Syndrome and Increasing Awareness about Eye Disorders in Developing Countries
Market Leaders and their expansionary development strategies
In September 2023, Novartis collaborates with Google Ventures on developing AI-powered vision diagnostics to personalize eye care and treatment, including potentially customizing eye drop formulations based on individual needs.
In October 2023, Bausch + Lomb launches Lumify Redness Relief Eye Drops, a prescription-strength formulation that tackles red eyes faster than ever before, utilizing naphazoline and phenylephrine for long-lasting relief.
Key Target Audience
Health Care Institute, Potential Investors, Manufacturers of Eye Drops, Traders, Distributors, and Suppliers of Eye Drops, Government Agencies, Research Organizations 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.