Artificial Tears Market by Demand Analysis, Manufacturers Share, Regions, Risk Analysis, Driving Forces and Application, Forecast to 2028
The major factors driving to the growth of the market are rising dry eye incidence and surging older population. However, poor accessibility to eye care services in low-income countries restrains the market growth.
The Artificial Tears Market report outlines the evolution of Artificial Tears industry by type, applications and identifies and assesses the best performing vendors in the market till 2028. Artificial Tears Market reports present the revenue opportunities in the Artificial Tears industry through 2022-2028, highlighting the market size and growth by technology, geography, vertical and End users.
Key Players Analysis:
- Johnson and Johnson Services, Inc.
- Alcon Inc.
- OASIS Medical
- AbbVie Inc.
- Bayer AG
- Prestige Consumer Healthcare Inc.
- Santen Pharmaceutical Co., Ltd.
- Bausch Health Companies Inc.
- Akorn, Incorporated
The report covers key developments in the Artificial Tears market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Artificial Tears market are anticipated to have lucrative growth opportunities in the future with the rising demand for Artificial Tears in the global market. Below mentioned is the list of few companies engaged in the Artificial Tears market.
Research report has been compiled by studying the market in-depth along with drivers, opportunities, restraints & other strategies as well as new-developments that can help a reader to understand the exact situation of the market along with the factors that can limit or hamper the market growth and the report also has been updated with Impacts & effects of Coronavirus pandemic and how it has influenced consumer behavior & the growth of the market as well as industries.
The artificial tears market is segmented into cellulose derived tears, glycerin derived tears, oil-based emulsion tears, polythylene glycol-based tears, propylene glycol-based tears, and sodium hyaluronate based artificial tears. The glycerin derived tears segment held the largest share of the market in 2020. The market growth for this segment is attributed to the easy availability and ability of glycerin derived tears to keep eyes moist for long time. Glycerin is a humectant, as well as a demulcent and lubricant. It also promotes the growth of epithelial cell and reduces the harmful effects of high osmolarity on the ocular surface. Povidone is a lipid that binds to the tear film's existing oil layer, thickening it and reducing evaporation.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Artificial Tears Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Artificial Tears Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
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