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Artificial Tears Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024

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Global Artificial Tears Market: Overview

Artificial tears are referred to as lubricants eye drops that are used for treating the irritation and dryness associated with the deficiency in tear production in dry eyes or keratoconjunctivitis sicca. These artificial tears are also used for moistening contact lenses and during eye checkups and examinations. Artificial tears are accompanied by other treatments to treat severe forms of moderate to dry eyes. These tears are designed for the purpose to imitate real tears and treating various eye problems. These eye drops are basically used for the purpose of treating problems caused due to dryness and irritation. These artificial tears are made by employing salts, water, and polymers. However, these tears do not inherit the proteins which are present in real tears. Artificial tears can be purchased in any pharmacy or medical unit. The demand for tear gas varies from country to country based completely on the level of population, disease prone area, geriatric population, and female population.

In the near past, artificial tears have evolved as a potential solution to meet the need of patients who suffer from extremely dry eyes and need to apply artificial in every three hours. For this kind of patients, companies have introduced artificial tear products with non-irritating preservatives or no preservatives at all. Although artificial tears are easily available across the globe, its excessive use also has certain side effects such as vision changes, continued redness, irritation, and eye pain. With the ongoing advances in technology, these issues related to the side-effects have been tried to address with the development of preservative free artificial tear gas.

The market intelligence report is a descriptive overview of the growth trajectory in terms of the past, present, and future progress and prospects of the global artificial tears market. It further presents an evaluation of the aspects that are anticipated to impact the growth of the market and the chief trends. The report also offers a distinct understanding of the competitive scenario of the market by utilizing the value chain and Porter’s five forces analysis. A broad description of the various products circulated in the global and regional markets has also been provided in the study. The publication also highlights the research and development projects, mergers and acquisitions, details on collaborations and licensing. The publication also offers information on the marketing strategies, products, and shares of the key players operating in the market.

Global Artificial Tears Market: Drivers and Restraints

The primary driver of the global artificial tears market is the growing number of cases of dry eye syndrome (DES). This syndrome is basically triggered by the forces such as prolonged exposure to digital displays, chronic conjunctivitis, poor eyelid, scars of eye injury, regular air travels, poor diet, malnutrition, the rise in the level of pollution, dry weather spells, and severe climatic changes. Other factor that is expected to drive the growth of the global artificial tears market is the economic status of consumers in developing regions. As the per capita in several developing countries is low as compared to that of developed countries, the consumption of meagerly priced artificial tear products is expected to rise among them. The growing prevalence of preservative free artificial tears, technological advances, the rising requirement for advanced care for post-surgery dry eyes, the mounting number of mobile and smartphone addicts, and increasing number of people wearing contact lens.

Global Artificial Tears Market: Regional Outlook

The global artificial tears market has been segmented into Europe, Asia Pacific, North America, and the Rest of the World. As a result of the low income status of consumers in Asia Pacific and Latin America and the availability of a wide range and varieties of artificial tear products, the markets in these regions are likely to exhibit potential growth over the coming years. As compared to North America and Europe, Asia Pacific is poised to grow at a higher rate. This growth can be attributed to the rising number of aged population and the growing incidences of DES patients in these regions.

Companies Operating in the Market

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.

This research report analyzes this market depending on its market segments, major geographies, and current market trends. Geographies analyzed under this research report include 

  • North America 
  • Asia Pacific 
  • Europe
  • Rest of the World  

This report gives you access to decisive data such as:

  • Market growth drivers
  • Factors limiting market growth
  • Current market trends
  • Market structure
  • Market projections for the coming years

Key highlights of this report

  • Overview of key market forces propelling and restraining market growth
  • Up-to-date analyses of market trends and technological improvements
  • Pin-point analyses of market competition dynamics to offer you a competitive edge
  • An analysis of strategies of major competitors
  • An array of graphics and SWOT analysis of major industry segments
  • Detailed analyses of industry trends
  • A well-defined technological growth map with an impact-analysis
  • Offers a clear understanding of the competitive landscape and key product segments

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market  
     

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

 

 


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