The Artificial Tears Market was valued at US$ 2,612.91 million in 2020 and is projected to reach US$ 3,961.63 million by 2027; it is expected to grow at a CAGR of 5% during 2021-2027.
Artificial tears are called lubricant eye drops used to treat irritation and dryness associated with a lack of tear production in dry eye syndrome or keratoconjunctivitis sicca. These artificial tears are also used to moisten contact lenses or for ophthalmic examinations and examinations. Artificial tears are used in conjunction with other treatments to treat moderate to severe forms of dry eyes. These tears mimic real tears and are designed to treat a variety of eye problems. These eye drops are primarily intended to treat problems caused by dryness and irritation. These artificial tears are made using salt, water, and polymers. However, these tears do not inherit the proteins present in real tears. Artificial tears can be purchased at a pharmacy or medical institution. Demand for tear gas varies from country to country, depending on the level of the population, the disease outbreak area, the elderly population and the female population.
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Market Segments
Artificial Tears Market – by Type
- Glycerin Derived Tears
- Cellulose Derived Tears
- Oil-based Emulsion Tears
- Polythylene Glycol Based Tears
- Sodium Hyaluronate Based Artificial Tears
- Propylene Glycol Based Tears
Artificial Tears Market – by Delivery Mode
- Eye Drops
- Ointments
Artificial Tears Market – by Application
- Dry Eyes Treatment
- Contact Lenses Moisture
Key Players
The leading companies operating in the market are Allegan Inc., Alcon Inc., Santen Pharmaceuticals Novartis International AG, Bausch & Lomb, McNEIL-PPC, Inc., Advanced Vision Research, Inc., and Abbott Medical Optics Inc.
Scope of the Report
The research study analyzes the global Artificial Tears industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Artificial Tears Market Report
1. What was the Artificial Tears Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027).
2. What will be the CAGR of the Artificial Tears Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Artificial Tears Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Artificial Tears market.
- The market share of the global Artificial Tears market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Artificial Tears market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Artificial Tears market.
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