Higher number of people using contact lenses and opting laser eye surgery are anticipated to promote the growth of global dry eye syndrome market and help to attain a revenue of USD 600 Million by 2033.
The recent market research analysis of “Dry Eye Syndrome Market: Global Demand Analysis & Opportunity Outlook 2033” by Research Nester delivers an in-depth competitors analysis and a detailed overview of the global dry eye syndrome market in terms of market segmentation by type, diagnosis, treatment, end user, and by region over the forecast period, i.e., 2023-2033.
Industry Growth
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the global dry eye syndrome market. These analyses help organizations identify a continuous flow of growth opportunities to succeed in an unpredictable future. Additionally, the growth opportunities exposed by the market is poised to gain significant momentum in the next few years.
Dry Eye Syndrome market to find numerous growth opportunities on the back of rising instances of dry eye disease and increased usage of eye drops, finds Research Nester
Dry Eye Syndrome, also known as Keratoconjunctivitis, is a condition that affects the eyes and overall vision. It occurs when the eyes are not able to produce enough tears, or the tears are not of the quality needed to properly lubricate the eyes. This can be caused by environmental factors such as wind, smoke, or dry heat, medications, health conditions, or even contact lens wear.
When the eyes do not produce enough tears or the tears are too poor in quality to properly lubricate the eyes, they become irritated and very uncomfortable. Symptoms include excessive tearing, eye redness and inflammation, burning, itching and light sensitivity. The eyes may also feel gritty, as if there is sand or dirt in them. The eyes may also feel dry and it may be difficult to open them in the mornings.
Industry Overview
If dry eye syndrome is left untreated for too long, it can lead to long-term complications such as vision problems, infection, and even blindness. It is important to talk to your doctor or optometrist if you experience any of the symptoms listed above.
Your doctor will likely perform a comprehensive eye examination to diagnose and track your condition. Treatment is based on the severity of the symptoms and may include artificial tears, eye drops, ointments, medications, or surgery. It is important to take all medications as directed and follow all recommendations from your doctor.
If you have dry eye syndrome, it is important to take steps to protect your eyes. Wear sunglasses when outdoors, avoid rubbing your eyes, and use a humidifier indoors. You can also use a warm compress or eye mask to soothe the discomfort.
Dry eye syndrome can be a very uncomfortable and sometimes debilitating condition. It is important to speak to your doctor or optometrist if you experience any of the symptoms. Proper treatment can help to alleviate the symptoms and prevent complications.
Industry Size
The global dry eye syndrome market is expected to reach a value of USD 7.2 billion by 2025, growing at a compound annual growth rate (CAGR) of over 5.5%. The increasing prevalence of dry eye syndrome and aging population are key drivers of the market. Additionally, rising awareness about the condition and increasing healthcare expenditure are expected to further drive market growth.
Dry eye syndrome can be treated with a variety of treatments, including artificial tears, lubricating eye drops, ointments, shields, and surgery. The artificial tears segment is the largest segment of the market, accounting for more than 40 percent of the overall market share, followed by the ointments segment.
Regional Growth
The Asia Pacific region is expected to be the fastest growing regional market for dry eye syndrome, due to the increasing prevalence of the disease, rising awareness about it, and growing disposable incomes and healthcare expenditure. The other major regional markets are North America, Europe, and the Middle East and Africa.
The global dry eye syndrome market is estimated to grow majorly on account of the increased incidences of dry eye disease, higher prevalence of laser treatment, surge in population of old people and rise in use of contact lenses. Approximately, 30 million people have laser eye surgery annually. Around 100,000 people in the United Kingdom undergo laser eye surgery annually, and nearly 10 million Americans underwent laser eye surgery in 2018.
The global dry eye syndrome market is segmented on the basis of end user into hospitals, eye clinics, and others. The eye clinics segment is to garner the highest revenue by the end of 2033 by growing at a significant CAGR over the forecast period. Rise in a number of eye clinics and higher demand of optometrists and ophthalmologist.
By region, the North America dry eye syndrome market is to generate the highest revenue by the end of 2033. This growth is anticipated by rise in the count of the people suffering with dry eye syndrome followed by higher use of eye drops and eye washes among the population. The study has shown, in 2020, around 120 million individuals used eye drops in the United States.
North America Segmentation
The research is global in nature and covers detailed analysis on the dry eye syndrome market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising of global dry eye syndrome market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Top Key Players
This report also provides the existing competitive scenario of some of the key players of the global dry eye syndrome market which includes company profiling of Johnson & Johnson Services Inc., Alcon, Allergan, Novartis AG, Allostera Pharma Inc., I-Med Pharma Inc., Acadia Pharmaceutical Inc., Otsuka Pharmaceutical Co. Ltd., Sun Pharmaceutical Industries Ltd., Lumenis The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments.
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On the whole, the report depicts detailed overview of the global dry eye syndrome market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.