The European artificial tears market is anticipated to grow at a considerable CAGR of 4.6% during the forecast period (2021-2027). Due to rising DES (Dry Eye Syndrome), also known as Kerato Conjunctivitis Sicca, the demand for artificial tears is increasing in Europe. It is the most often multi-factorial disease of the ocular surface. Symptoms for this disease are ears causing discomfort, visual disturbance, and tear film instability with potential damage to the ocular surface.
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The growing older population has also contributed to the growth of the market. The incidence of dry eye is commonly seen in older people of age 65 and above. The number of geriatric populations is increasing rapidly across the globe. Older people are significantly contributing to the development of the medical sector as it is helped by offering various innovative techniques to treat older people. Various healthcare companies design their products by focusing on the geriatric population. As the degeneration process among older people is much faster, they are highly prevalent to dry eye conditions. Therefore, the high prevalence of dry eye among the older population is likely to promote manufacturers to introduce new dry eye products in the market, which, in turn, contributes to the growth of the market.
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Market Coverage
- The market number available for – 2020-2027
- Base year- 2020
- Forecast period- 2021-2027
- Segment Covered-
o BY Type
o By Application
o By Delivery Method
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- Novartis International AG, Santen Pharmaceutical Co. Ltd., Johnson and Johnson, Bausch and Lomb, Akorn, Inc.
Key questions addressed by the report
- What is the market 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?
- How COVID-19 impacted the market?
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
European Artificial Tears Market Report Segment
By type
- Cellulose-Derived Tears
- Glycerin-Derived Tears
- Oil Based-Emulsion Tears
- Polyethylene Glycol- & Propylene Glycol-Based Tears
By Application
- Dry Type Treatment
- Contact Lens Moisture
By Delivery Method
- Eye Drops
- Ointments
This release has been published on OMR Industry Journal. OMR Industry Journal is not responsible for any content included in this release.
