Global Dry Eye Medication Market Report 2021 – Opportunities And Strategies, Market Forecast And Trends
The Global Dry Eye Medication Market Report by The Business Research Company covers dry eye medication market drivers and restraints, dry eye medication market size, major players, and the impact of COVID-19 on the dry eye medication market.
The dry eye medication market consists of sales of dry eye drugs and other related services by entities (organizations, sole traders and partnerships) that manufacture dry eye medication (or drugs) used to treat dry eyes. The dry eye medication market covers drugs that are used in the treatment of diseases related to dry eyes, irritation, pain, and infection.
Rising number of people going in for laser eye surgeries is expected to increase the demand for dry eye medications in the forecast period. The global dry eye medication market is expected to decline from $3.72 billion in 2019 to $2.91 billion in 2020 at a compound annual growth rate (CAGR) of -22%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 6.5% from 2021 and reach $5.04 billion in 2023. The market is expected to grow at a CAGR of 7.1% to nearly $5.79 billion by 2025, and at a CAGR of 6.9% to $8.07 billion by 2030.
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Some dry eye medication market trends include single dose preservative free eye drops. Eye drops are used for treating dry eye, eye redness, and allergic reactions. But most eye drops contain an element known as benzalkonium chloride (BAK), a preservative. This ingredient can be harmful when used regularly to treat the symptoms.
Global dry eye medication market segments include:
1) By Type: Aqueous Dry Eye Syndrome, Evaporative Dry Eye Syndrome.
2) By End-User: Hospital Pharmacies, Eye Health Clinics, Retail Pharmacies, Online Pharmacies.
3) By Product Type: Liquid Drops, Gel, Liquid Wipes, Eye Ointment.
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
Among these regions, North America is the largest region in the dry eye medication market, accounting for 31% of the global market.
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The Dry Eye Medication Global Market Report 2021: COVID 19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides dry eye medication market overviews, analyzes and forecasts market size, share, dry eye medication market players, dry eye medication market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The dry eye medication market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Dry Eye Medication Global Market Report 2021: COVID 19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country, Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Novartis, Allergan, Otsuka, Santen Pharmaceutical, Auven Therapeutics, Akorn, Valent Pharmaceuticals, Johnson and Johnson Vision, Alcon.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing And Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Dry Eye Medication Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Dry Eye Medication Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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