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Market Overview of Global Dry Eye Disease market:
According to our latest research, the global Dry Eye Disease market looks promising in the next 5 years. As of 2022, the global Dry Eye Disease market was estimated at USD 4651.11 million, and it's anticipated to reach USD 6665.19 million in 2028, with a CAGR of 6.18% during the forecast years.
Market Drivers and Impact
Governments and institutions are likely to take advantage of their advanced technologies during this period to turn the challenges brought by COVID-19 into opportunities. Ophthalmic consultation largely through smartphones has become a lifeline for consultation. For follow up on eye disorders, doctors are using images via electronic media. For poor patients in remote rural areas with no phone, this follow up was not possible. In remote areas, rural medicine supply for dry eye disorder patients has dried up.
On March 30, 2020, the US Centers for Medicare & Medicaid Services released temporary regulatory waivers and issued new rules for virtual visits using online applications for billable ophthalmic tele medical services. Such low-technology solutions may be one mechanism to assist with decompressing an office schedule in the post-COVID era. Thus, the patient opting for ophthalmic tele medical service is increasing, which has a positive impact on the market studied.
The market in Asia Pacific region is projected to expand at significantly high growth rate during the forecast period. Increased awareness regarding the disorder is anticipated to improve the accessibility and adoption of high-cost treatment options. For instance, in the key regions of Asia such as Japan, the prevalence of dry eye syndrome is considered to be on the higher side as compared to other regions across the world. In Latin America, the rising incidence of the disorder among the regional population is boosting the dry eye syndrome market growth.
Market Challenges and Impact
The awareness about eye health is low among the population. There is a lack of understanding about many dry eye symptoms that can be treated or corrected easily with proper diagnosis and medications. People do not visit ophthalmologists on regular basis unless there is major symptomatic condition. The dry eye symptoms redness, burning, etc. are many times ignored and are not diagnosed which reduces the patient pool that can be treated with prescription drugs. A survey conducted in UK found out that one out of four adults are not conducting eye tests every two years as recommended by the NHS with a higher level of ignorance about eye health among youngsters.
Region Overview:
Americas had the highest growth rate of all regions.
Company Overview:
The top three companies are Allergan, Novartis, Johnson & Johnson with the revenue market share of 37.44%, 15.88% and 10.45% in 2021.
Segmentation Overview:
Among different product types, Anti-inflammatory Drugs segment is anticipated to contribute the largest market share in 2027.
Application Overview:
By application, the Hospital segment occupied the biggest share from 2017 to 2022.
This report covers a research time span from 2018 to 2028, and presents a deep and comprehensive analysis of the global Dry Eye Disease market, with a systematical description of the status quo and trends of the whole market, a close look into the competitive landscape of the major players, and a detailed elaboration on segment markets by type, by application and by region.
Key Takeaways from the Global Dry Eye Disease Market Report:
Market Size Estimates: Dry Eye Disease market size estimation in terms of value and sales volume from 2018-2028
Market Trends and Dynamics: Dry Eye Disease market drivers, opportunities, challenges, and risks
Macro-economy and Regional Conflict: Influence of global inflation and Russia & Ukraine War on the Dry Eye Disease market
Segment Market Analysis: Dry Eye Disease market value and sales volume by type and by application from 2018-2028
Regional Market Analysis: Dry Eye Disease market situations and prospects in North America, Asia Pacific, Europe, Latin America, Middle East, Africa
Country-level Studies on the Dry Eye Disease Market: Revenue and sales volume of major countries in each region
Dry Eye Disease Market Competitive Landscape and Major Players: Analysis of 10-15 leading market players, sales, price, revenue, gross, gross margin, product profile and application, etc.
Trade Flow: Import and export volume of the Dry Eye Disease market in major regions.
Dry Eye Disease Industry Value Chain: Dry Eye Disease market raw materials & suppliers, manufacturing process, distributors, downstream customers
Dry Eye Disease Industry News, Policies & Regulations
Key players in the global Dry Eye Disease market are covered in Chapter 12:
Santen Pharmaceutical Co., Ltd.
Sentiss Pharma
Otsuka
Altacor
TRB Chemedica
Johnson & Johnson
Eusan GMBH
Allergan
Taejoon Pharmaceutical Co., Ltd
Novartis
Bausch Health Companies Inc
URSAPHARM Arzneimittel GmbH
Sun Pharmaceutical
Senju Pharmaceutical
In Chapter 2 and Chapter 15.1, based on types, the Dry Eye Disease market from 2018 to 2028 is primarily split into:
Artificial Tears
Anti-inflammatory Drugs
Other
In Chapter 3 and Chapter 15.2, based on applications, the Dry Eye Disease market from 2018 to 2028 covers:
Hospital
Drug Stores
Online Pharmacies
Geographically, the detailed analysis of consumption, revenue, market share and growth rate of the following regions are covered in Chapter 7, 8, 9, 10, 11, 15.3, 15.4:
North America (Covered in Chapter 7)
United States
Canada
Asia-Pacific (Covered in Chapter 8)
China
Japan
India
South Korea
Southeast Asia
Australia
Others
Europe (Covered in Chapter 9)
Germany
France
UK
Italy
Spain
Russia
Poland
Others
Latin America (Covered in Chapter 10)
Mexico
Brazil
Argentina
Others
Middle East and Africa (Covered in Chapter 11)
GCC Countries
Africa
Others
The data of this research report is mainly obtained from industry associations, magazines, press releases, national customs, annual reports of enterprises, expert interviews, paid databases and other channels with authority. It also provides scientific forecasts of the industry's core development indicators through professional analysis and forecasting models.
In short, whatever role you take in this industry value chain, this report will help you or your company to acquire a systematic and in-depth understanding of the industry.
Chapter Outline
This report consists of 16 chapters. Below is a brief guideline to help you quickly grasp the main contents of each chapter:
Chapter 1 starts the report with an overview of the Dry Eye Disease market, as well as the definitions of the target market and the subdivisions. Through the presented global market size, regional market sizes, and segment market shares, you will be able to draw an overall and comprehensive picture of the market situation. Meanwhile, the research method and data source will be shared in this chapter.
Chapter 2 and Chapter 3 breaks down the market by different types and applications, with historic data presented in metrics of sales volume, revenue, market share and growth rate.
Chapter 4 elaborates on market dynamics and future trends in the industry, which contains an in-depth analysis of market drivers, opportunities, challenges, and risks. Other essential factors that will have a major impact on the market, i.e., industry news and policies in recent years, global inflation, and regional conflict, are also taken into consideration.
Chapter 5 compares the sales volume and revenue of the major regions across the globe, which enables the readers to understand the regional competitive pattern.
Chapter 6 is the analysis of the trade flow. Import volume and export volume are revealed on a regional level.
Chapters 7-11 focus on country-level studies. Data from the major countries in each region are provided, showing the current development of the industry in different countries. Besides, you will also find qualitative trends analysis under global inflation under each of the 6 regions.
Chapter 12 first up presents the competitive landscape by displaying and comparing the revenues, sales volumes, and market shares of the top players in the market, followed by a company-by-company analysis of all the major market participants with introductions of their products, product applications, company profiles, and business overview. In addition, their competitiveness is manifested through numbers of sales volume, revenue, price, gross and gross margin.
Chapter 13 looks into the whole market industrial chain, ranging from the upstream key raw materials and their suppliers to midstream distributors and downstream customers, with influences of global inflation taken into consideration.
Chapter 14 is perfect for those who wish to develop new projects in the industry. This chapter sheds a light on industry entry barriers and gives suggestions on new project investments.
Chapter 15 forecasts the future trend of the market from the perspective of different types, applications, and major regions.
Chapter 16 is the conclusion of the report which helps the readers sum up the main findings and insights.
Years considered for this report:
Historical Years: 2018-2022
Base Year: 2022
Estimated Year: 2023
Forecast Period: 2023-2028