According to a new report published by Allied Market Research, titled, “Eye Drops and Lubricants Market by Type and Application: Global Opportunity Analysis and Industry Forecast, 2018-2025,”the global eye drops and lubricants market size is $15,587 million in 2017 and is projected to reach $22,625 million by 2025, growing at a CAGR of 4.7% from 2018 to 2025. The artificial tears segment accounted around one-third of the total eye drops and lubricants market share in 2017.
♦ 𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐅𝐫𝐞𝐞 𝐏𝐃𝐅 𝐁𝐫𝐨𝐜𝐡𝐮𝐫𝐞:
Key Findings of the Study –
- Based on type, the hormones segment is expected to experience rapid growth in the market, and is projected to grow at a CAGR of 5.6% from 2018 to 2025.
- Depending on application, the eye diseases segment held the largest revenue in 2017 and is anticipated to continue this trend during the forecast period.
- U.S. generated the highest revenue in the global eye drops and lubricants market industry in 2017, accounting more than one-third of the global market in 2017.
- LAMEA is estimated to grow at a CAGR of 5.3% during the forecast period.
Eye drops and ointments are used to relieve people with various eye problems such as dry eyes, redness, infection (pink eye), allergies, itching, pain, swelling and again. Eye diseases such as conjunctivitis and bacterial keratitis are chronic diseases that are treated with antibiotics. In addition, eye and vision problems also occur due to an imbalance in hormone levels, as hormones control important body functions and their changes can affect the eyes and vision. The discovery of advanced molecules and new combination therapies is expected to drive the market growth in the near future.
The market for eye drops and lubricants is expected to show significant growth during the forecast period due to the increasing prevalence of ophthalmic diseases worldwide, changing demographic conditions across the globe and increased focus on the research and development of drugs for the treatment of eye diseases and disorders. However, the long time required for the approval of tears and lubricants and the risk of side effects are hindering the growth of the market. On the other hand, the increase in market participants in emerging economies will provide rewarding opportunities for market participants.
♦ 𝐅𝐨𝐫 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐈𝐧𝐪𝐮𝐢𝐫𝐲 𝐨𝐟 𝐑𝐞𝐩𝐨𝐫𝐭:
Based on type, the eye drops and ointment market is segmented into antibiotics, hormones, artificial tears and others. The tear segment produced the highest revenue in 2017 and is expected to continue this trend during the forecast period, due to the increase in this product, due to the increase in infections. dry eyes in the world. In addition, the ease of availability and availability of lubricating tears even without a prescription is increasing the market growth.
Key Market Players –
Major key players that operate in the industry are Akorn Consumer Health (TheraTears), Allergan Plc, Johnson & Johnson, Novartis International AG (Alcon Inc.), Pfizer Inc., Prestige Consumer Healthcare, Inc., Sager Pharma Kft., ROHTO Pharmaceutical Co., Ltd., Similasan Corporation USA, and Valeant pharmaceuticals International, Inc. (Bausch & Lomb Incorporated).
By Region –
North America (U.S., Canada, Mexico)
Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
LAMEA (Brazil, Saudi Arabia, South Africa, Rest of LAMEA)
Asia-Pacific (Japan, China, Australia, India, South Korea, Rest of Asia-Pacific)
♦ 𝐁𝐮𝐲 𝐍𝐨𝐰 𝐓𝐡𝐢𝐬 𝐄𝐱𝐜𝐥𝐮𝐬𝐢𝐯𝐞 𝐑𝐞𝐩𝐨𝐫𝐭:
Frequently Asked Questions?
Q1. What is the total market value of global eye drops and lubricants market?
Q2. Which market holds the maximum market share of the global eye drops and lubricants market?
Q3. What will be global eye drops and lubricants market growth in 2030?
Q4. What are the key trends in the global eye drops and lubricants market?
Q5. What are the key growth strategies of global eye drops and lubricants market players? Q6. How the company profile has been selected?
About Us –
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.Pawan Kumar, the CEO of Allied Market Research, is leading the organization toward providing high-quality data and insights. We are in professional corporate relations with various research data tables and confirms utmost accuracy in our market forecasting. Each and every us companies and this helps us in digging out market data that helps us generate accurate y data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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