New York, United States, Aug. 18, 2022 (GLOBE NEWSWIRE) — The application of artificial tears protects and hydrates mucous membranes and alleviates dryness and irritation associated with the eyes. Artificial Tears is a specially formulated ocular lubricant. These eye drops can treat dry eyes brought on by aging , specific medications , the medical condition , eye surgery , or environmental factors such as wind and smog . Artificial tears alleviate the discomfort, irritation, plus burning caused by dried out eyes. Over-the-counter (OTC) synthetic tears are sold directly to consumers without a prescription. In addition to lubricating the eye, some artificial tears promote eye healing, while others reduce tear evaporation. Synthetic tears may also contain thickening agents that prolong the solution’s contact with the eye’s surface.

The global market for  over-the-counter (OTC) synthetic tears   is primarily driven simply by an increase in the geriatric population, an alarming rise in the prevalence of dry vision syndrome (DES), and an increase in attention surgeries, which increases the particular demand for artificial rip drops with regard to post-surgery management. In addition , changes in lifestyle habits, such as prolonged exposure in order to digital displays and a good increase in smartphone addiction, cause dry eye syndrome, which increases the demand regarding artificial tears and drives the marketplace growth. In addition, as the number associated with eye surgeries increases, so does the requirement intended for artificial tear drops to get post-operative care.

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Growing Prevalence of DES and Allergic Conjunctivitis and Growth in Geriatric Population to Drive the Global OTC Artificial Tears Market

The availability of various dosage forms of otc artificial holes for the particular prevention, diagnosis, and treatment of dry eye syndrome is one of the key aspects driving the particular market growth. In 2019, the American Academy associated with Ophthalmology (AAO) reported that dry eyesight syndrome affected approximately 3. 2 million women plus 1 . 68 million men. Dry eyes syndrome may result in infection, blurred vision, and sensitivity if left untreated for an extended period. Within addition, it is estimated that the incidence rate of distance vision impairment is four times higher within low- plus middle-income countries than inside high-income nations.

Eye drops, solutions, gels, suspension, and ointments are among the many formulations of artificial tears available over-the-counter pertaining to treating dried out eye symptoms. Patients’ medications are distributed by the distribution channel, including hospitals, online pharmacies, and drug stores. Furthermore, allergic conjunctivitis is 1 of the particular most common causes of eye inflammation. 40% of the global population was diagnosed with allergic conjunctivitis in 2021, according to StartPearls. Due to the rapid spread of sensitive conjunctivitis and  dry vision syndrome , the market for over-the-counter artificial tears is expanding.

The aging global population drives the particular expansion associated with the global market meant for OTC synthetic tears. The elderly have the highest prevalence of attention diseases like as dry eye, glaucoma, age-related macular degeneration, cataract, and presbyopia. According in order to data published by the United Nations, there were approximately 703 million individuals aged 65 and older in 2019. Globally, the particular proportion of the over-65 geriatric population increased from 6% in 1990 to 9% in 2019. Between 5% and 30% of the elderly suffer from dried out eyes. An increase in the particular elderly populace drives the expansion of the market for otc artificial cry.

Statement Scope

Record Metric Details
Market Size USD 6. 79 Billion by 2030
CAGR 5. 10% (2022-2030)
Historical Data 2019-2020
Base Year 2021
Forecast Period 2022-2030
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Development Factors, plus Trends
Segments Covered Product Type, Container Type, Formulation, Application, Distribution Channel, Region
Geographies Covered North America, Europe, Asia-Pacific, LAME and Rest of the World
Key Companies Profiled/Vendors AbbVie, Inc., Akorn, Inc., Alcon, Bausch & Lomb, Johnson & Manley, Ocusoft, Santen Pharmaceutical Co. Ltd, Similasan Corporation, Sun Pharmaceutical Industries Limited, Ursapharm Arzneimittel GmbH
Essential Market Opportunities Growing Research and Development simply by Major Players
Key Market Drivers Developing Prevalence associated with DES plus Allergic Conjunctivitis
Growth in Geriatric Population

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Regional Insights

North America is most likely to hold the largest market share during the forecast period growing at a  CAGR of 4. 57% . Due to the increasing prevalence of geriatrics, the particular expansion associated with health treatment infrastructure, the introduction of sophisticated products, and the presence of marketplace leaders, North America will continue in order to dominate the particular market in terms of revenue during the forecast period. The growing prevalence associated with dry eyesight syndrome and advances within ophthalmology R& D are expected to fuel market expansion.

In inclusion, it is anticipated that the boost in the number of eye surgical procedures will contribute to the region’s dominance throughout the study time period. For instance, the Centers for Disease Control plus Prevention (CDC) reported that will over four, 2 mil Americans aged 40 and older had legal blindness or low vision. In the United States, cataracts and glaucoma are the leading leads to of loss of sight.

Europe will have the second-largest market share of UNITED STATES DOLLAR 2, 008 million, growing at a  CAGR of 5. 25%   by 2030. The particular rise in the particular number of cataract surgical treatments, the presence of key market players, technological advancements within the healthcare industry, plus the adoption of contact lenses are viewed as the primary development drivers from the market. Europe’s increasing  technological advancement in ophthalmology   is the particular primary market driver. Due to the rapid ownership of artificial tears inside Europe, the particular over-the-counter marketplace for synthetic tears will be expanding rapidly. As cataract surgery becomes more prevalent in Europe, demand for over-the-counter (OTC) artificial tears to alleviate itching, irritation, redness, and burning sensations increases.

Asia-Pacific will grow at the highest CAGR during the forecast period. Due to a rise in the elderly population, the amount of cataract and glaucoma surgeries, and environmental pollution, the particular Asia-Pacific market is anticipated to experience substantial growth during the forecast time period. Many patients in China and India suffer from dry eyes, making them highly attractive investment markets. Additionally, the increase in the number of patients diagnosed with dry eye syndrome as well as the rise in awareness programs for the prevention and administration of the ocular disease is usually expected to provide growth opportunities for that manufacturer of novel artificial rip products and boost the growth of the global market for otc artificial tears.

Increment inside the geriatric population, increase in cataract plus glaucoma surgical procedures and advances in R& D drive market growth. Environmental pollution is a single of the particular leading causes of ocular disease, which in turn causes irritation and dry eye syndrome. In add-on, China’s pollution index associated with 81. 12 indicates an increase in environmental air pollution. Those who reside in areas with a high risk of air pollution are more likely to experience from dried out eye disease.

Essential Highlights

  • The  global OVER-THE-COUNTER artificial holes market size   had a revenue share of USD 4, 565 million within 2021, expected to advance in order to USD six, 797 million growing at a  CAGR associated with 5. 10%   during the forecast period.  
  • Based on product type , the solution type may have the particular largest discuss in the OTC synthetic tears marketplace, growing in a  CAGR of 5. 13%   throughout the prediction period.
  • Depending on container type , the Plastic Multi-Dose Container is likely to have the biggest share during the forecast time period advancing a  CAGR of five. 35% .
  • Based on formulation , preservative based will possess the largest market share growing at the particular highest CAGR of 5. 21% throughout the forecast period.
  • Based on the application , the dry vision syndrome will hold the largest business during the outlook period, advancing a  CAGR associated with 4. 63% .
  • Based upon the distribution channel , the medication stores & retail pharmacies are expected to keep the particular largest market share during the forecast period growing from a  CAGR of 4. 87% .
  • Depending on regional analysis , The united states is the majority of likely to hold the biggest business throughout the forecast period developing at a  CAGR of 4. 57% .

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Competitive Gamers in the particular Market

  • AbbVie, Inc.
  • Akorn, Incorporation.
  • Alcon
  • Bausch & Lomb
  • Johnson & Johnson
  • Ocusoft
  • Santen Pharmaceutical Co. Ltd
  • Similasan Corporation
  • Sun Pharmaceutic Industries Limited 
  • Ursapharm Arzneimittel GmbH

Global OTC Artificial Holes Market: Segmentation
By Product Type

  • Solution
  • Ointment
  • Emulsion
  • Gel
  • Spray Solution
  • Suspensions

Simply by Container Kind

  • Plastic Single-Dose Container
  • Plastic multi-dose containers
    • Preservative-Free System
    • Preserved System
  • Spray
    • Preservative-Free System
    • Maintained System

By Formulation

  • Preservative Based
  • Non-Preservative Based

Simply by Application

  • Dry Eye Syndrome
  • Allergies
  • Infections
  • UV & Blue Light Protection
  • Contact Lens Moisture Retention
  • Others

By Distribution Channel

  • Hospital Pharmacies
  • Drug Store & Retail Pharmacies
  • Online Pharmacies

Simply by Region

  • North America
  • Europe
  • Asia-Pacific
  • Middle-East
  • Northern Africa

TABLE OF CONTENT

  1. Introduction
    1. Marketplace Definition
    2. Market Scope
  2. Research Methodology
    1. Primary Research
    2. Study Methodology
    3. Assumptions & Exclusions
    4. Secondary Information Sources
  3. Market Overview
    1. Survey Segmentation & Scope
    2. Value Chain Analysis:   OTC Synthetic Tears Marketplace
    3. Key Market Trends
      1. Motorists
      2. Restraints
      3. Possibilities
    4. Porter’s Five Forces Evaluation
      1. Bargaining Power associated with Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitution
      4. Threat of New Entrants
      5. Competing Rivalry
    5. Market Share Analysis
  4. Product Type Overview
    1. Introduction
      1. Market Dimension & Prediction
    2. Solution
      1. Market Size & Outlook
    3. Ointment
      1. Market Dimension & Forecast
  5. Box Type Summary
    1. Intro
      1. Market Size & Forecast
    2. Plastic material Single-Dose Pot
      1. Marketplace Size & Forecast
    3. Apply
      1. Market Size & Forecast
  6. Regional Review
    1. Launch
      1. Marketplace Size & Forecast
    2. America
      1. North The united states
      2. U. S.
        1. By Product Kind
        2. By Container Type
      3. Canada
        1. Simply by Product Type
        2. By Box Type
      4. Mexico
        1. By Product Kind
        2. By Pot Type
      5. Latin America
        1. By Item Type
        2. Simply by Container Type
    3. Europe
      1. Market Size & Forecast
      2. Germany
        1. By Product Kind
        2. By Container Type
      3. France
        1. Simply by Product Type
        2. By Box Type
      4. U. K.
        1. By Product Type
        2. By Container Kind
      5. Italy
        1. By Item Type
        2. Simply by Container Type
      6. Spain
        1. By Product Type
        2. By Container Kind
      7. Rest of European countries
        1. Simply by Product Type
        2. By Pot Type
    4. Asia Pacific
      1. Marketplace Size & Forecast
      2. Japan
        1. By Product Kind
        2. By Container Type
      3. The far east
        1. Simply by Product Type
        2. By Box Type
      4. Australia
        1. By Product Kind
        2. By Pot Type
      5. Indian
        1. Simply by Product Type
        2. By Container Type
      6. South Korea
        1. By Item Type
        2. By Container Kind
      7. Associated with Asia-Pacific
        1. Simply by Product Type
        2. By Box Type
    5. Middle East & Africa
      1. Market Size & Forecast
      2. Saudi Arabia
        1. By Product Type
        2. By Container Kind
      3. South Africa
        1. By Item Type
        2. Simply by Container Type
      4. Kuwait
        1. By Product Type
        2. By Container Kind
      5. Rest of Middle East & Africa
        1. By Item Type
        2. Simply by Container Type
  7. Company Profile
    1. AbbVie Inc
      1. Organization Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    2. Akorn Inc
      1. Company Overview
      2. Financial Performance
      3. Recent Developments
      4. Product Portfolio
    3. Alcon
      1. Company Summary
      2. Financial Overall performance
      3. Recent Advancements
      4. Product Profile
  8. Conclusion & Recommendation
  9. Acronyms & Abbreviations

Table associated with Content and Figure @  https://straitsresearch.com/report/otc-artificial-tears-market/toc  
 

Market News

  • Within 2022 , Akorn, Incorporation. announced the completion of its sale of seven branded ophthalmic products to Théa Pharma.
  • In 2022 , Bausch & Lomb announced the launch of Reviveä Custom Soft Contact lenses.

Information Media

Dry Eye Syndrome Marketplace: Europe is definitely expected in order to witness strong growth designed for dry attention syndrome marketplace throughout the prediction period

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