OTC artificial tears market generated $4,379 million in 2020, and is projected to reach $6,399.43 million by 2028, growing at a CAGR of 4.94% from 2021 to 2028. The artificial tears are the lubricant eye drops, which are used for the treatment of dryness and irritation mostly caused due to deficiency of tear production. These artificial tears are formulated to initiate natural tears and treats various eye disorders such as allergy, infection and protection from UV and blue light. It was also used for moisturizing the contact lens.ย
๐๐ข๐ฌ๐ญ ๐จ๐ ๐๐๐ฒ ๐๐ฅ๐๐ฒ๐๐ซ๐ฌ :
AbbVie, Inc., Akorn, Inc., Alcon, Bausch & Lomb, Johnson & Johnson, Ocusoft, Santen Pharmaceutical Co. Ltd., Similasan Corporation
๐๐จ๐ฐ๐ง๐ฅ๐จ๐๐ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/request-sample/11708
๐๐ผ๐๐ถ๐ฑ-๐ญ๐ต ๐ฆ๐ฐ๐ฒ๐ป๐ฎ๐ฟ๐ถ๐ผ:
The COVID-19 outbreak is anticipated to have a moderate impact on the growth of the global OTC artificial tears market. The coronavirus pandemic has severely affected various industries across the globe. The implementation of lockdown by governments has to lead to the disruption of the supply chain. However, the facility for non-essential medical products will improve the prospects of the market during the pandemic.
๐๐ฎ๐ฒ ๐๐จ๐ฐ https://www.alliedmarketresearch.com/checkout-final/b2430b0167f3bca3b28d52d46b625601
Depending on container type, the market is categorized into plastic single dose container, plastic multi-dose container and spray. The plastic multi-dose container spearheaded the market in 2020, which is attributed to the fact that the majority of the drugs administered for the treatment of dry eye syndrome and prevent the penetration of germs even after repeated administration. The plastic single dose container segment is further classified into preservative free system and preserved system. Further, the spray segment is further bifurcated into preservative free system and preserved system. By formulation, the market is segregated into a preservative based and non-preservative based. The non-preservative based segment forms are expected to lead the market during the study period, due to low risk of adverse reaction and increase in adoption of preservative free eye drops.
By application, the market is studied across dry eye syndrome, allergies, infections, UV & blue light protection, contact lens moisture retention and others. The dry eye syndrome is expected to exhibit the highest growth throughout the forecast period, owing to rise in the prevalence of dry eye syndrome and increase in the geriatric population.
On the basis of distribution channel, the market is classified into hospital pharmacies, drug stores & retail pharmacies, and online pharmacies. The Drug Store & Retail Pharmacies segment led the market in 2020, and is expected to continue this trend throughout the forecast period, due to increase in prevalence of chronic eye ailments such as dry eye syndrome, allergies and infection and rise in development of the healthcare sector.
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๐จ๐ซ ๐๐ฎ๐ซ๐๐ก๐๐ฌ๐ ๐๐ง๐ช๐ฎ๐ข๐ซ๐ฒ https://www.alliedmarketresearch.com/purchase-enquiry/11708
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- By product type, the solution segment was the highest contributor to the market in 2020.
- By container type, the plastic multi-dose container segment was the highest contributor to the market in 2020.
- By formulation, the preservative free segment was the highest contributor to the market in 2020.
- By application, the dry eye syndrome segment was the highest contributor to the market in 2020.
- By distribution channel, the Drug Store & Retail Pharmacies segment dominated the market in 2020 and is expected to continue this trend throughout the review period.
- By region, North America garnered largest revenue share in 2020, whereas Asia-Pacific is anticipated to grow at the highest CAGR during the review period.
๐๐ฎ๐ซ ๐๐๐ซ๐ค๐๐ญ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐จ๐ฅ๐ฎ๐ญ๐ข๐จ๐ง ๐๐ซ๐จ๐ฏ๐ข๐๐๐ฌ ๐๐จ๐ฎ ๐๐ง๐ฌ๐ฐ๐๐ซ ๐ญ๐จ ๐๐๐ฅ๐จ๐ฐ ๐๐๐ง๐ญ๐ข๐จ๐ง๐๐ ๐๐ฎ๐๐ฌ๐ญ๐ข๐จ๐ง:
โข Which are the driving factors responsible for the growth of market?
โข Which are the roadblock factors of this market?
โข What are the new opportunities, by which market will grow in coming years?
โข What are the trends of this market?
โข Which are main factors responsible for new product launch?
โข How big is the global & regional market in terms of revenue, sales and production?
โข How far will the market grow in forecast period in terms of revenue, sales and production?
โข Which region is dominating the global market and what are the market shares of each region in the overall market in 2022?
โข How will each segment grow over the forecast period and how much revenue will these segments account for in 2030?
โข Which region has more opportunities?
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