Global artificial tears market is anticipated to grow at a CAGR of 6.2% during the forecast period (2024–2031). Artificial tears are formulated as eye drops to hydrate dry eyes and retain moisture on the eye’s outer surface. The market growth is driven by the rising prevalence of Dry Eye Syndrome (DES) in the geriatric population, which increases susceptibility to ophthalmic disorders. Furthermore, the increased use of contact lenses, digital workloads, and ongoing product innovations are creating future growth opportunities for the market.
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Recent Developments
- In April 2024, Bausch & Lomb Corp. announced positive results from a clinical study published in Frontiers in Ophthalmology on Blink Nutri Tears, a daily nutritional supplement for dry eye symptoms. The study showed significant improvements in tear production, ocular symptoms, tear film stability, and ocular surface health, supporting its potential as a treatment option.
- In January 2024, Alcon announced positive Phase 3 COMET trial results for AR- 15512, a novel TRPM8 agonist for dry eye treatment. The primary endpoint was achieved in both efficacy and safety studies (COMET-2 and COMET-3).
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Market Coverage
- The market number available for 2023-2031
- Base year: 2023
- Forecast period: 2024-2031
- Segment Covered-
o By Type
o By Delivery Method
o By Application
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape: Bayer AG., Johnson & Johnson Surgical Vision, Inc., and Novartis International AG among others.
Key questions addressed by the report
- What is the market’s growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- Who is the leader in the market?
- How are players addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Artificial Tears Market Report Segment
By Type
- Cellulose Derived
- Glycerin Derived
- Oil-Based Emulsion Tears
- Polyethylene Glycol and Propylene Glycol-Based Tears
By Delivery Method
- Eye Drops
- Ointments
By Application
- Dry Eyes Treatment
- Contact Lenses Moisture
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